Iron Phosphate Market: Expanding Uses in Agriculture and Energy Storage up to 2033
The Iron Phosphate Market revolves around the production and application of iron phosphate (FePO₄), a compound widely used across various industries such as battery manufacturing, agriculture, and coatings. In the context of energy storage, iron phosphate serves as a key material for cathodes in lithium-ion batteries, particularly in lithium iron phosphate (LiFePO₄) batteries, which are known for their stability, safety, and cost-effectiveness. Additionally, iron phosphate is used as a fungicide in agriculture and as a corrosion inhibitor in industrial coatings, further expanding its market presence.