Market Overview:
The global phosphoric acid by furnace process market is estimated to be valued at US$ XX Mn in 2018 and is projected to grow at a CAGR of X.X% over the forecast period (2018-2030), to reach a value of US$XX Mn by 2030. The food grade segment is expected to account for the majority share of the global phosphoric acid by furnace process market in 2018, followed by the electronic grade and technical grade segments. The food and beverage application segment is expected to account for the majority share of the global phosphoric acid by furnace process market in 2018, followed by electron industry and industrial applications segments. North America accounted for the largest share of the global phosphoric acid market in 2017, while Asia Pacific is projected to be fastest growing region over forecast period.
Product Definition:
Phosphoric acid is an inorganic compound with the formula H3PO4. It is a colorless solid that is soluble in water. Phosphoric acid by furnace process (PFAP) is made by heating phosphate rock and coke in an electric arc furnace to produce phosphorus pentoxide, which then reacts with water to form phosphoric acid. The main use for PFAP is the production of fertilizers, such as ammonium phosphate (NPK).
Food Grade:
Food grade phosphoric acid is a white crystalline solid, which is soluble in water and has a mild pleasant odor. It can be produced by the thermal process or the chemical process. The thermal method includes two processes namely; furnace and electric oven process. In this method, sulfuric acid is used as a source of phosphorus with high purity level along with other impurities like calcium sulphate, lime etc.
Electronic Grade:
Electronic grade is used in the phosphoric acid by furnace process. It is also known as electronic acid or e-acid. The chemical formula of this product is H3PO4 and its major source of production includes phosphate rock which contains mineral acids such as phosphoric, sulfuric, and hydrofluoric. These minerals are processed to extract the required amount of acids which further processed to produce electronic grade phosphoric acid.
Application Insights:
The food and beverage application segment led the global market in 2017. Phosphoric acid is used as a food additive to improve the shelf life of processed foods such as canned meat, pickles, fruits and vegetables. It is also used in beverages such as fruit juices for pH regulation during processing, canning or fermentation. The growing demand for packaged foods along with rising consumer preference for convenience products will drive the product demand over the forecast period.
Electronic grade phosphoric acid is majorly utilized in batteries to remove harmful substances from lead-acid battery plates or grids using an automated washing machine process known as plate cleaning or grid regeneration which results in increased battery life and performance efficiency of batteries produced by this method compared to conventional methods of regenerating lead-acid batteries where water plays a significant role leading to shorter battery life & higher costs involved.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60% in 2017. This is attributed to growing population, rising disposable income and rapid industrialization and urbanization. The region is expected to witness significant growth over the forecast period owing to increasing investments by major players for capacity expansion coupled with favorable government regulations for trade facilitation.
The Middle East & Africa market is anticipated to grow at a lucrative rate due to high phosphate rock reserves estimated at around 16,000 kilotons as of 2016. However, low utilization rates coupled with limited number of plants hinder regional growth prospects on account rising competition from Asian manufacturers who are operating at lower costs along with technological advancements since 2012 has hampered production volumes which subsequently affected margins and profits ultimately affecting future demand trends projected over the next eight years.
Growth Factors:
- Growing demand from the fertilizer industry for phosphoric acid as a key ingredient in production of phosphate fertilizers
- Increasing demand from the food and beverage industry for phosphoric acid as a preservative and flavor enhancer
- Rising demand from the detergent industry for phosphoric acid as a cleaning agent
- Growing use of phosphoric acid in various industrial applications such as metal processing, water treatment, and others
- Technological advancements that have led to increased efficiency of furnace process-based production of phosphoric acid
Scope Of The Report
Report Attributes
Report Details
Report Title
Phosphoric Acid by Furnace Process Market Research Report
By Type
Food Grade, Electronic Grade, Technical Grade
By Application
Food and Beverage, Electron Industry, Industrial
By Companies
OCP, Arkema, EuroChem, Itafos, Mosaic, PhosAgro, Solvay, Tunisian Chemical Group, Chengxing, Guizhou Linhua, Yuntianhua
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Phosphoric Acid by Furnace Process Market Report Segments:
The global Phosphoric Acid by Furnace Process market is segmented on the basis of:
Types
Food Grade, Electronic Grade, Technical Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverage, Electron Industry, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OCP
- Arkema
- EuroChem
- Itafos
- Mosaic
- PhosAgro
- Solvay
- Tunisian Chemical Group
- Chengxing
- Guizhou Linhua
- Yuntianhua
Highlights of The Phosphoric Acid by Furnace Process Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Electronic Grade
- Technical Grade
- By Application:
- Food and Beverage
- Electron Industry
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Phosphoric Acid by Furnace Process Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Phosphoric acid is a white crystalline solid that is produced by the furnace process. It is used to make phosphate fertilizers and other chemicals.
Some of the major companies in the phosphoric acid by furnace process market are OCP, Arkema, EuroChem, Itafos, Mosaic, PhosAgro, Solvay, Tunisian Chemical Group, Chengxing, Guizhou Linhua, Yuntianhua.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Phosphoric Acid by Furnace Process Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Phosphoric Acid by Furnace Process Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Phosphoric Acid by Furnace Process Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Phosphoric Acid by Furnace Process Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Phosphoric Acid by Furnace Process Market Size & Forecast, 2018-2028
4.5.1 Phosphoric Acid by Furnace Process Market Size and Y-o-Y Growth
4.5.2 Phosphoric Acid by Furnace Process Market Absolute $ Opportunity
Chapter 5 Global Phosphoric Acid by Furnace Process Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Phosphoric Acid by Furnace Process Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Electronic Grade
5.2.3 Technical Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Phosphoric Acid by Furnace Process Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Phosphoric Acid by Furnace Process Market Size Forecast by Applications
6.2.1 Food and Beverage
6.2.2 Electron Industry
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Phosphoric Acid by Furnace Process Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Phosphoric Acid by Furnace Process Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Phosphoric Acid by Furnace Process Analysis and Forecast
9.1 Introduction
9.2 North America Phosphoric Acid by Furnace Process Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Phosphoric Acid by Furnace Process Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Electronic Grade
9.6.3 Technical Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Phosphoric Acid by Furnace Process Market Size Forecast by Applications
9.10.1 Food and Beverage
9.10.2 Electron Industry
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Phosphoric Acid by Furnace Process Analysis and Forecast
10.1 Introduction
10.2 Europe Phosphoric Acid by Furnace Process Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Phosphoric Acid by Furnace Process Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Electronic Grade
10.6.3 Technical Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Phosphoric Acid by Furnace Process Market Size Forecast by Applications
10.10.1 Food and Beverage
10.10.2 Electron Industry
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Phosphoric Acid by Furnace Process Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Phosphoric Acid by Furnace Process Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Phosphoric Acid by Furnace Process Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Electronic Grade
11.6.3 Technical Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Phosphoric Acid by Furnace Process Market Size Forecast by Applications
11.10.1 Food and Beverage
11.10.2 Electron Industry
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Phosphoric Acid by Furnace Process Analysis and Forecast
12.1 Introduction
12.2 Latin America Phosphoric Acid by Furnace Process Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Phosphoric Acid by Furnace Process Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Electronic Grade
12.6.3 Technical Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Phosphoric Acid by Furnace Process Market Size Forecast by Applications
12.10.1 Food and Beverage
12.10.2 Electron Industry
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Phosphoric Acid by Furnace Process Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Phosphoric Acid by Furnace Process Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Phosphoric Acid by Furnace Process Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Electronic Grade
13.6.3 Technical Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Phosphoric Acid by Furnace Process Market Size Forecast by Applications
13.10.1 Food and Beverage
13.10.2 Electron Industry
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Phosphoric Acid by Furnace Process Market: Competitive Dashboard
14.2 Global Phosphoric Acid by Furnace Process Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OCP
14.3.2 Arkema
14.3.3 EuroChem
14.3.4 Itafos
14.3.5 Mosaic
14.3.6 PhosAgro
14.3.7 Solvay
14.3.8 Tunisian Chemical Group
14.3.9 Chengxing
14.3.10 Guizhou Linhua
14.3.11 Yuntianhua
