West Asian And The Middle East Commodity Market

Anbar Asia

Phosphoric acid market in West Asia (Middle East) - National Iranian Copper Company will need 1

Countries' need for phosphoric acid as a raw material for the production of chemical fertilizers and livestock and poultry food supplement encourages Middle Eastern investment companies to build these plants

The feedstock of phosphoric acid production units in the Middle East is provided by the import of phosphate soils and petrochemicals

West Asia is home to several countries with significant Phosphoric acid production capacity. Key producers in the region include Saudi Arabia, Jordan, and Morocco. These countries have abundant phosphate Rock reserves, which serve as the primary raw material for phosphoric acid production. The Middle east is a major producer and exporter of phosphate-based fertilizers, which rely on phosphoric acid as a key ingredient. Phosphoric acid is used in the production of various phosphate fertilizers such as diammonium phosphate (DAP), monoammonium phosphate (MAP), and triple superphosphate (TSP). The region's favorable access to phosphate reserves and its strategic location for fertilizer trade have contributed to the growth of the phosphoric acid market.

Phosphoric acid finds applications beyond the fertilizer industry in West Asia. It is used in various industrial sectors, including chemicals, detergents, Food and beverages, and Metal treatment. The region's growing industrialization and expanding manufacturing base have created a demand for phosphoric acid in these sectors. West asia is a major exporter of phosphoric acid, supplying the product to global markets. Countries in the region, such as Saudi Arabia, Jordan, and Morocco, have established themselves as key players in the international phosphoric acid trade. They benefit from their proximity to phosphate reserves, lower production costs, and access to shipping routes for export.

The phosphoric acid market in West Asia is expected to continue growing, driven by factors such as population growth, increasing food demand, and the need for improved agricultural productivity. Investments in research and development to enhance production efficiency and reduce environmental impact are expected to shape the future of the industry. The feedstock of phosphoric acid production units in the Middle East is provided by the import of phosphate soils and petrochemicals. Most of these manufacturers operate under the license and basic engineering of foreign companies with 100% private ownership. Countries' need for phosphoric acid as a raw material for the production of Chemical fertilizers and Livestock and poultry food supplement encourages Middle Eastern investment companies to build these plants.

These projects, with their high potential for development, can bring high export earnings if invested. Most Middle Eastern countries import phosphoric acid. Due to the low production of phosphoric acid in the Middle East, the need for this product is met through its import. Imported phosphoric acid entered in the form of a seal in 20-liter (35 kg) packages and 1000-liter (1650 kg) storage tanks. New contracts have been signed for the construction of phosphoric acid plants, but by 2025 these units will not be operational. For example, 250 million euros will be invested in this field by the National Iranian Copper Industrial Company. National Iranian Copper Company will need 1.2 million tons of phosphate soil annually to produce phosphate fertilizer.

The Middle East has made significant investments in infrastructure and production facilities to support the phosphoric acid industry. Countries like Saudi arabia have developed large-scale integrated phosphate complexes, which include phosphate rock mining, phosphoric acid production, and fertilizer manufacturing. These investments have boosted the region's capabilities in phosphoric acid production and enhanced its competitiveness in the global market. The phosphoric acid market in West Asia is influenced by factors such as global demand for fertilizers, agricultural practices, raw material availability, environmental regulations, and international trade policies. Price fluctuations in phosphate rock, sulfur, and energy sources can also impact the market dynamics in the region.

Ask Your Marketing Questions About West Asian Rock Chemicals Chemical Metal Petrochemicals Petrochemical Phosphoric acid Copper Middle east West asia Jordan Iran Saudi arabia Food Livestock Detergent Trade In West Asia

Source

If you find this article is useful for others, share it to your friends in social media!
Feedbacks
Was this helpful?
Comment
Still have a question?
Get fast answers from asian traders who know.