The global phosphoric acid market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.6 billion by 2030. The growth of the phosphoric acid market is driven by its wide range of applications in fertilizers, food & beverages, and electronics industries. The demand for phosphoric acid in fertilizers industry is expected to increase due to its use as a nutrient for plants and crops. Phosphoric acid also finds application in food & beverage industry as an additive or preservative agent for processed foods and beverages such as soft drinks, beer, wine, fruit juices etc, which are consumed on a large scale globally. In electronics industry it finds application as an etching agent for silicon wafers used in semiconductor manufacturing process which has led to increased demand from this sector over the past few years.
Some Of The Growth Factors Of This Market:
- Phosphoric acid is used in the production of fertilizers, detergents, and food preservatives.
- The demand for phosphoric acid is expected to increase due to the increasing population and the need for food production.
- The price of phosphoric acid has been decreasing over time due to increased competition in the market and a decrease in demand from China as a result of their economic slowdown.
- Phosphoric acid is an important ingredient in many products that are used by consumers on a daily basis, which will lead to increased demand for this product over time as these products become more popular with consumers worldwide.
- There are no substitutes for phosphoric acid on the market today.
Industry Growth Insights published a new data on “Phosphoric Acid Market”. The research report is titled “Phosphoric Acid Market research by Types (Electronic Grade, Food Grade, Tech Grade), By Applications (Fertilizers, Food & Beverages, Electronics, Others), By Players/Companies OCP, Mosaic, PhosAgro, PotashCorp (Nutrien), Itafos, EuroChem, Tunisian Chemical Group (GCT), Arkema, Solvay, ICL Performance Products, Hubei Xingfa Chemicals Group, Chengxing Group, Yunphos, IFFCO, Maaden, Wengfu Group, Yuntianhua, Tongling Chemical Industry Group, Kailin Group, Hubei Xinyangfeng Fertilizer”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Phosphoric Acid Market Research Report
By Type
Electronic Grade, Food Grade, Tech Grade
By Application
Fertilizers, Food & Beverages, Electronics, Others
By Companies
OCP, Mosaic, PhosAgro, PotashCorp (Nutrien), Itafos, EuroChem, Tunisian Chemical Group (GCT), Arkema, Solvay, ICL Performance Products, Hubei Xingfa Chemicals Group, Chengxing Group, Yunphos, IFFCO, Maaden, Wengfu Group, Yuntianhua, Tongling Chemical Industry Group, Kailin Group, Hubei Xinyangfeng Fertilizer
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Phosphoric Acid Market Report Segments:
The global Phosphoric Acid market is segmented on the basis of:
Types
Electronic Grade, Food Grade, Tech 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
Fertilizers, Food & Beverages, Electronics, Others
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
- Mosaic
- PhosAgro
- PotashCorp (Nutrien)
- Itafos
- EuroChem
- Tunisian Chemical Group (GCT)
- Arkema
- Solvay
- ICL Performance Products
- Hubei Xingfa Chemicals Group
- Chengxing Group
- Yunphos
- IFFCO
- Maaden
- Wengfu Group
- Yuntianhua
- Tongling Chemical Industry Group
- Kailin Group
- Hubei Xinyangfeng Fertilizer
Highlights of The Phosphoric Acid 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:
- Electronic Grade
- Food Grade
- Tech Grade
- By Application:
- Fertilizers
- Food & Beverages
- Electronics
- Others
- 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 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.
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- Correctly Positioning New Products
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- 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 with the chemical formula H3PO4. It is a strong acid that can dissolve many materials, including bones and teeth. Phosphoric acid is used in detergents, fertilizers, and other industrial processes.
Some of the key players operating in the phosphoric acid market are OCP, Mosaic, PhosAgro, PotashCorp (Nutrien), Itafos, EuroChem, Tunisian Chemical Group (GCT), Arkema, Solvay, ICL Performance Products, Hubei Xingfa Chemicals Group, Chengxing Group, Yunphos, IFFCO, Maaden, Wengfu Group, Yuntianhua, Tongling Chemical Industry Group, Kailin Group, Hubei Xinyangfeng Fertilizer.
The phosphoric acid market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Phosphoric Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Phosphoric Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Phosphoric Acid Market - Supply Chain
4.5. Global Phosphoric Acid Market Forecast
4.5.1. Phosphoric Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Phosphoric Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Phosphoric Acid Market Absolute $ Opportunity
5. Global Phosphoric Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Phosphoric Acid Market Size and Volume Forecast by Type
5.3.1. Electronic Grade
5.3.2. Food Grade
5.3.3. Tech Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Phosphoric Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Phosphoric Acid Market Size and Volume Forecast by Application
6.3.1. Fertilizers
6.3.2. Food & Beverages
6.3.3. Electronics
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Phosphoric Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Phosphoric Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Phosphoric Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Phosphoric Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Phosphoric Acid Demand Share Forecast, 2019-2026
9. North America Phosphoric Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Phosphoric Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Phosphoric Acid Market Size and Volume Forecast by Application
9.4.1. Fertilizers
9.4.2. Food & Beverages
9.4.3. Electronics
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Phosphoric Acid Market Size and Volume Forecast by Type
9.7.1. Electronic Grade
9.7.2. Food Grade
9.7.3. Tech Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Phosphoric Acid Demand Share Forecast, 2019-2026
10. Latin America Phosphoric Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Phosphoric Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Phosphoric Acid Market Size and Volume Forecast by Application
10.4.1. Fertilizers
10.4.2. Food & Beverages
10.4.3. Electronics
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Phosphoric Acid Market Size and Volume Forecast by Type
10.7.1. Electronic Grade
10.7.2. Food Grade
10.7.3. Tech Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Phosphoric Acid Demand Share Forecast, 2019-2026
11. Europe Phosphoric Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Phosphoric Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Phosphoric Acid Market Size and Volume Forecast by Application
11.4.1. Fertilizers
11.4.2. Food & Beverages
11.4.3. Electronics
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Phosphoric Acid Market Size and Volume Forecast by Type
11.7.1. Electronic Grade
11.7.2. Food Grade
11.7.3. Tech Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market AttractivenessGrowth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Phosphoric Acid Demand Share, 2019-2026
12. Asia Pacific Phosphoric Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Phosphoric Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Phosphoric Acid Market Size and Volume Forecast by Application
12.4.1. Fertilizers
12.4.2. Food & Beverages
12.4.3. Electronics
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Phosphoric Acid Market Size and Volume Forecast by Type
12.7.1. Electronic Grade
12.7.2. Food Grade
12.7.3. Tech Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Phosphoric Acid Demand Share, 2019-2026
13. Middle East & Africa Phosphoric Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Phosphoric Acid Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Phosphoric Acid Market Size and Volume Forecast by Application
13.4.1. Fertilizers
13.4.2. Food & Beverages
13.4.3. Electronics
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Phosphoric Acid Market Size and Volume Forecast by Type
13.7.1. Electronic Grade
13.7.2. Food Grade
13.7.3. Tech Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Phosphoric Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Phosphoric Acid Market: Market Share Analysis
14.2. Phosphoric Acid Distributors and Customers
14.3. Phosphoric Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. OCP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mosaic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. PhosAgro
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PotashCorp (Nutrien)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Itafos
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. EuroChem
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tunisian Chemical Group (GCT)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Arkema
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Solvay
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ICL Performance Products
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hubei Xingfa Chemicals Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Chengxing Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yunphos
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. IFFCO
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Maaden
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wengfu Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Yuntianhua
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Tongling Chemical Industry Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Kailin Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Hubei Xinyangfeng Fertilizer
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook