Triple Superphosphate Market Estimated to Expand at a Robust CAGR by 2020

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Triple Superphosphate Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2020

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Triple Superphosphate Market Snapshot

• Triple superphosphate is a rich source of
  phosphorous. It is an important compound for the
  process of photosynthesis. It is water soluble
  hence it becomes rapidly available for plant
  uptake.
• Triple superphosphate is a low cost source of
  phosphorous. Additionally, it is used in
  horticultural blends with high phosphorous
  content.
• Triple superphosphate has minor quantity of
  calcium present in it which is an additional
  source of nutrition to the plants.
• Triple superphosphate is formed from phosphate
  rock and phosphoric acid. It finds some usage as
  a leavening agent in the food industry. 

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• Triple superphosphate can be used as a top
  dressing, base fertilizer and seeding fertilizer.
  It is weakly acidic and quick acting phosphate
  fertilizer.
• It finds widespread use as a high concentration
  water soluble, single source phosphate
  fertilizer.
• The efficiency of triple phosphate is high and it
  has strong soil adaptability. The use of triple
  phosphate accelerates the sprouting, rooting,
  fruit bearing and ripening capacity of the crop
  plants.
• For maximum effect, triple superphosphate is
  applied either during or after planting and
  seeding. 

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Triple Superphosphate Market Driving Factor

• The growing agro based industry is one of the
  primary driver for the market of triple
  superphosphate.
• The agrarian economies of South and Central
  America, China and India are the main markets for
  triple superphosphate. Triple superphosphate is
  used in these countries to meet the deficiency of
  phosphorous in the arable lands here.
• Furthermore, the growing food industry is an
  important driver for the market of triple
  superphosphate.

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 Some of the key players in this market 

• International Ltd. (India),
• CF Industries Holdings Inc. (U.S.),
• OCP (Morocco), Mosaic(U.S.),
• Phosagro (Russia),
• Yara International ASA (Norway)

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