Phosphoric Acid Market

Global Phosphoric Acid Market Size, Trends & Analysis - Forecasts to 2028 By Source Type (Wet Process and Thermal Process), By Application (Fertilizers, Food & Beverages, Detergents, Water Treatment Chemicals, Metal Treatment, Industrial Use, Others), By Region (North America, Asia Pacific, Central & South America, Europe, the Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis

Category Chemicals & Advanced Material

Format

This report was recently updated on April 20 2024 with the latest and most recent market numbers

Global Phosphoric Acid Market Size

The global phosphoric acid market is expected to grow from USD 46.5 Billion in 2023 to USD 58.2 Billion by 2028 and is projected to grow at a CAGR of 4.44% from 2023 to 2028.

In terms of production value and volume, phosphoric acid is the second-largest inorganic acid produced and used after sulfuric acid. Phosphate chemicals, are largely used as transporters of phosphorus values in fertilizers and in manufacturing process of animal feeds. Additionally, phosphoric acid is used in water treatment, detergent production, and a variety of other minor industries.

Phosphoric acid can extend the shelf life and lower the cost of sweet goods by preventing the formation of bacteria and mold. Thus, the rising popularity of convenient foods and drinks has opened up attractive development opportunities for phosphoric acid. However, regulatory pressure and environmental issues can somewhat restrict product uptake.

The growing export value and volume of fertilizers, increased demand for phosphoric acid from the food and beverage and pharmaceutical industries, and increasing concerns about water pollution and the need for clean water, are some of the drivers that are expected to support the growth of the market during the forecast period.

Moreover, stringent government regulations and norms for the production and use of phosphoric acid, the need to reduce pollution footprints from the environment, and ongoing advancements in phosphoric acid production technologies are propelling the growth of the market.

Urbanization and industrialization of emerging economies, notably in the Asia-Pacific region and Latin America is one of the top reasons for the market to grow. There is a high need for phosphoric acid in these areas due to the expanding population, rapidly growing agriculture and biotechnology industry.

global phosphoric acid market

Global Phosphoric Acid Market: By Source Type

The thermal process segment is projected to be the fastest-growing segment in the phosphoric acid market from 2023-2028 due to several factors. The thermal process offers advantages in terms of production efficiency and cost-effectiveness compared to other manufacturing methods. This process involves the thermal decomposition of phosphate rock, which results in the production of phosphoric acid. The simplicity and scalability of the thermal process make it highly suitable for large-scale production, driving its adoption and growth in the market.

Furthermore, the thermal process allows for the production of various grades of phosphoric acid with different concentrations and purity levels, catering to a wide range of applications across industries. Phosphoric acid finds extensive use in the production of fertilizers, animal feed supplements, food and beverages, and other industrial applications. The versatility of the thermal process in producing phosphoric acid of different specifications enables manufacturers to meet the diverse demands of end-use sectors, further fueling its growth in the market.

The wet process segment is anticipated to be the largest segment in the phosphoric acid market from 2023-2028 due to several key factors. The wet process is the most commonly used method for producing phosphoric acid globally. It involves the reaction of phosphate rock with sulphuric acid to produce phosphoric acid and calcium sulfate as a by-product. The widespread adoption of the wet process is primarily attributed to its long-standing history, established infrastructure, and proven production capabilities.

Furthermore, the wet process offers flexibility in terms of production capacity and can be easily scaled up or down to meet varying demand requirements. This scalability factor makes it suitable for both small and large-scale production, allowing manufacturers to adjust their production volumes based on market dynamics and customer needs.

Global Phosphoric Acid Market: By Application

The food & beverages segment is anticipated to be the fastest-growing segment in the market from 2023-2028. In the food and beverage business, phosphoric acid is frequently employed as an acidifying agent. It is a key ingredient in carbonated beverages, providing a tangy taste and acting as a preservative. The growing consumption of carbonated drinks, fruit juices, and processed foods contributes to the demand for phosphoric acid in the food and beverage sector.

The fertilizer segment holds the largest share of the market. Phosphoric acid is a component required for the production of phosphate fertilizers such as mono ammonium phosphate (MAP) and diammonium phosphate (DAP). The market for phosphoric acid is growing as a result of the need for these fertilizers.

asia pacific phosphoric acid market

Global Phosphoric Acid Market: By Region

The North America segment is projected to be the largest segment in the phosphoric acid market from 2023-2028 due to several key factors. Firstly, North America has a well-established agricultural sector, which drives the demand for phosphoric acid-based fertilizers. Phosphoric acid is a vital component in the production of fertilizers, especially those that are high in phosphorus content. The region's focus on maximizing crop yields and increasing agricultural productivity fuels the demand for phosphoric acid, contributing to the segment's growth.

Secondly, North America has a robust industrial sector that utilizes phosphoric acid in various applications. The chemical industry, food and beverage industry, and pharmaceutical sector, among others, rely on phosphoric acid for the production of chemicals, food additives, and pharmaceutical ingredients. The region's strong manufacturing base and emphasis on technological advancements propel the consumption of phosphoric acid in industrial applications.

The Asia Pacific segment is anticipated to be the fastest growing segment in the phosphoric acid market from 2023-2028 due to several key factors. The region has a significant and rapidly expanding agricultural sector, driven by population growth, urbanization, and increasing food demand. Phosphoric acid is a vital component in fertilizers, which are essential for enhancing crop yields and ensuring food security. As countries in the Asia Pacific region strive to improve agricultural productivity, there is a growing demand for phosphoric acid-based fertilizers, boosting the market growth.

Furthermore, the Asia Pacific region has a thriving industrial sector, with countries such as China, India, and Southeast Asian nations witnessing robust industrial development. Phosphoric acid finds extensive application in industries such as chemicals, food and beverages, pharmaceuticals, and electronics. The region's expanding manufacturing activities, infrastructure development, and rising consumer demands for processed food and consumer products contribute to the increasing demand for phosphoric acid.

Global Phosphoric Acid Market Share and Competitor Analysis

The Mosaic Company, PJSC PhosAgro, Nutrien, IFFCO, EuroChem Group AG, Prayon Group, Israel Chemical Ltd., Yara International, OCP S.A., and Aditya Birla Group among others, are some of the key players in the global phosphoric acid market.

Please note: This is not an exhaustive list of companies profiled in the report.

1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1 Strategic Opportunity & Attractiveness Analysis

1.1.1 Hot Revenue Pockets

1.1.2 Market Attractiveness Score

1.1.3 Revenue Impacting Opportunity

1.1.4 High Growing Region/Country

1.1.5 Competitor Analysis

1.1.6 Consumer Analysis

1.2 Global Market Estimates' View

1.3 Strategic Insights across Business Functions

1.3.1 For Chief Executive Officers

1.3.2 For Chief Marketing Officers

1.3.3 For Chief Strategy Officers

1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2 TECHNOLOGICAL TRENDS

2.1 Technological Adoption Rate

2.2 Current Trend Impact Analysis

2.3 Future Trend Impact Analysis

2.4 Data Metrics

3 GLOBAL MARKET OUTLOOK

3.1 Market Pyramid Analysis

3.1.1 Introduction

3.1.2 Adjacent Market Opportunities

3.1.3 Ancillary Market Opportunities

3.2 Demand Side Analysis

3.2.1 Market Drivers: Impact Analysis

3.2.2 Market Restraints: Impact Analysis

3.2.3 Market Opportunities: Impact Analysis

3.2.4 Market Challenges: Impact Analysis

3.3 Supply Side Analysis

3.3.1 Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3 Value Chain Analysis

3.3.4 Trend Analysis

3.3.5 Gap Analysis

3.3.6 Cost Analysis

4 GLOBAL PHOSPHORIC ACID MARKET, BY SOURCE TYPE

4.1 Introduction

4.2 Phosphoric Acid Market: Source Type Scope Key Takeaways

4.3 Revenue Growth Analysis, 2022 & 2028

4.4 Wet Process

4.4.1 Wet Process Market Estimates and Forecast, 2020-2028 (USD Million)

4.5 Thermal Process

4.5.1 Thermal Process Market Estimates and Forecast, 2020-2028 (USD Million)

5 GLOBAL PHOSPHORIC ACID MARKET, BY APPLICATION

5.1 Introduction

5.2 Phosphoric Acid Market: Application Scope Key Takeaways

5.3 Revenue Growth Analysis, 2022 & 2028

5.4 Fertilizers

5.4.1 Fertilizers Market Estimates and Forecast, 2020-2028 (USD Million)

5.5 Food & Beverages

5.5.1 Food & Beverages Market Estimates and Forecast, 2020-2028 (USD Million)

5.6 Detergents

5.6.1 Detergents Market Estimates and Forecast, 2020-2028 (USD Million)

5.7 Water Treatment Chemicals

5.7.1 Water Treatment Chemicals Market Estimates and Forecast, 2020-2028 (USD Million)

5.8 Metal Treatment

5.8.1 Metal Treatment Market Estimates and Forecast, 2020-2028 (USD Million)

5.9 Industrial Use

5.9.1 Industrial Use Market Estimates and Forecast, 2020-2028 (USD Million)

5.10 Others

5.10.1 Others Market Estimates and Forecast, 2020-2028 (USD Million)

6 GLOBAL PHOSPHORIC ACID MARKET, BY REGION

6.1 Introduction

6.2 North America Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.1 By Source Type

6.2.2 By Application

6.2.3 By Country

6.2.3.1 U.S. Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.1.1 By Source Type

6.2.3.1.2 By Application

6.2.3.2 Canada Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.2.1 By Source Type

6.2.3.2.2 By Application

6.2.3.3 Mexico Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.3.1 By Source Type

6.2.3.3.2 By Application

6.3 Europe Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.1 By Source Type

6.3.2 By Application

6.3.3 By Country

6.3.3.1 Germany Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.1.1 By Source Type

6.3.3.1.2 By Application

6.3.3.2 U.K. Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.2.1 By Source Type

6.3.3.2.2 By Application

6.3.3.3 France Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.3.1 By Source Type

6.3.3.3.2 By Application

6.3.3.4 Italy Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.4.1 By Source Type

6.3.3.4.2 By Application

6.3.3.5 Spain Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.5.1 By Source Type

6.3.3.5.2 By Application

6.3.3.6 Netherlands Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.6.1 By Source Type

6.3.3.6.2 By Application

6.3.3.7 Rest of Europe Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.6.1 By Source Type

6.3.3.6.2 By Application

6.4 Asia Pacific Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.1 By Source Type

6.4.2 By Application

6.4.3 By Country

6.4.3.1 China Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.1.1 By Source Type

6.4.3.1.2 By Application

6.4.3.2 Japan Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.2.1 By Source Type

6.4.3.2.2 By Application

6.4.3.3 India Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.3.1 By Source Type

6.4.3.3.2 By Application

6.4.3.4 South Korea Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.4.1 By Source Type

6.4.3.4.2 By Application

6.4.3.5 Singapore Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.5.1 By Source Type

6.4.3.5.2 By Application

6.4.3.6 Malaysia Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.6.1 By Source Type

6.4.3.6.2 By Application

6.4.3.7 Thailand Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.6.1 By Source Type

6.4.3.6.2 By Application

6.4.3.8 Indonesia Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.7.1 By Source Type

6.4.3.7.2 By Application

6.4.3.9 Vietnam Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.8.1 By Source Type

6.4.3.8.2 By Application

6.4.3.10 Taiwan Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.10.1 By Source Type

6.4.3.10.2 By Application

6.4.3.11 Rest of Asia Pacific Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.11.1 By Source Type

6.4.3.11.2 By Application

6.5 Middle East & Africa Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.1 By Source Type

6.5.2 By Application

6.5.3 By Country

6.5.3.1 Saudi Arabia Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.1.1 By Source Type

6.5.3.1.2 By Application

6.5.3.2 U.A.E. Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.2.1 By Source Type

6.5.3.2.2 By Application

6.5.3.3 Israel Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.3.1 By Source Type

6.5.3.3.2 By Application

6.5.3.4 South Africa Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.4.1 By Source Type

6.5.3.4.2 By Application

6.5.3.5 Rest of Middle East & Africa Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.5.1 By Source Type

6.5.3.5.2 By Application

6.6 Central & South America Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.1 By Source Type

6.6.2 By Application

6.6.3 By Country

6.6.3.1 Brazil Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.1.1 By Source Type

6.6.3.1.2 By Application

6.6.3.2 Argentina Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.2.1 By Source Type

6.6.3.2.2 By Application

6.6.3.3 Chile Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.3.1 By Source Type

6.6.3.3.2 By Application

6.6.3.3 Rest of Central & South America Phosphoric Acid Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.3.1 By Source Type

6.6.3.3.2 By Application

7 COMPETITIVE LANDCAPE

7.1 Company Market Share Analysis

7.2 Four Quadrant Positioning Matrix

7.2.1 Market Leaders

7.2.2 Market Visionaries

7.2.3 Market Challengers

7.2.4 Niche Market Players

7.3.4 Rest of the World

7.4 Company Profiles

7.4.1 The Mosaic Company

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2 PJSC PhosAgro

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3 Nutrien

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4 IFFCO

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5 EuroChem Group AG

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6 PRAYON GROUP

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7 Israel Chemical Ltd.

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8 Yara International

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9 OCP S.A.

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10 Aditya Birla Group

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11 Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8 RESEARCH METHODOLOGY

8.1 Market Introduction

8.1.1 Market Definition

8.1.2 Market Scope & Segmentation

8.2 Information Procurement

8.2.1 Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2 Primary Research

8.2.2.1 Various Application of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3 Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4 Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3 Market Estimation

8.3.1 Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2 Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4 Data Triangulation

8.4.1 Data Collection

8.4.2 Time Series, Cross Sectional & Panel Data Analysis

8.4.3 Cluster Analysis

8.5 Analysis and Output

8.5.1 Inhouse AI Based Real Time Analytics Tool

8.5.2 Output From Desk & Primary Research

8.6 Research Assumptions & Limitations

8.6.1 Research Assumptions

8.6.2 Research Limitations

LIST OF TABLES

1 Global Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

2 Wet Process Market, By Region, 2020-2028 (USD Mllion)

3 Thermal Process Market, By Region, 2020-2028 (USD Mllion)

4 Global Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

5 Fertilizers Market, By Region, 2020-2028 (USD Mllion)

6 Food & Beverages Market, By Region, 2020-2028 (USD Mllion)

7 Detergents Market, By Region, 2020-2028 (USD Mllion)

8 Water Treatment Chemicals Market, By Region, 2020-2028 (USD Mllion)

9 Metal Treatment Market, By Region, 2020-2028 (USD Mllion)

10 Industrial Use Market, By Region, 2020-2028 (USD Mllion)

11 Others Market, By Region, 2020-2028 (USD Mllion)

12 Regional Analysis, 2020-2028 (USD Mllion)

13 North America Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

14 North America Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

15 U.S. Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

16 U.S. Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

17 Canada Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

18 Canada Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

19 Mexico Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

20 Mexico Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

21 Europe Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

22 Europe Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

23 Germany Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

24 Germany Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

25 U.K. Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

26 U.K. Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

27 France Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

28 France Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

29 Italy Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

30 Italy Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

31 Spain Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

32 Spain Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

33 Netherlands Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

34 Netherlands Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

35 Rest Of Europe Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

36 Rest Of Europe Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

37 Asia Pacific Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

38 Asia Pacific Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

39 China Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

40 China Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

41 Japan Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

42 Japan Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

43 India Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

44 India Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

45 South Korea Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

46 South Korea Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

47 Singapore Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

48 Singapore Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

49 Thailand Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

50 Thailand Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

51 Malaysia Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

52 Malaysia Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

53 Indonesia Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

54 Indonesia Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

55 Vietnam Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

56 Vietnam Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

57 Taiwan Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

58 Taiwan Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

59 Rest of APAC Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

60 Rest of APAC Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

61 Middle East & Africa Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

62 Middle East & Africa Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

63 Saudi Arabia Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

64 Saudi Arabia Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

65 UAE Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

66 UAE Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

67 Israel Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

68 Israel Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

69 South Africa Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

70 South Africa Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

71 Rest Of Middle East & Africa Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

72 Rest Of Middle East & Africa Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

73 Central & South America Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

74 Central & South America Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

75 Brazil Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

76 Brazil Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

77 Chile Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

78 Chile Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

79 Argentina Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

80 Argentina Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

81 Rest Of Central & South America Phosphoric Acid Market, By Source Type, 2020-2028 (USD Mllion)

82 Rest Of Central & South America Phosphoric Acid Market, By Application, 2020-2028 (USD Mllion)

83 The Mosaic Company: Products & Services Offering

84 PJSC PhosAgro: Products & Services Offering

85 Nutrien: Products & Services Offering

86 IFFCO: Products & Services Offering

87 EuroChem Group AG: Products & Services Offering

88 PRAYON GROUP: Products & Services Offering

89 Israel Chemical Ltd. : Products & Services Offering

90 Yara International: Products & Services Offering

91 OCP S.A., Inc: Products & Services Offering

92 Aditya Birla Group: Products & Services Offering

93 Other Companies: Products & Services Offering

LIST OF FIGURES

1 Global Phosphoric Acid Market Overview

2 Global Phosphoric Acid Market Value From 2020-2028 (USD Mllion)

3 Global Phosphoric Acid Market Share, By Source Type (2022)

4 Global Phosphoric Acid Market Share, By Application (2022)

5 Global Phosphoric Acid Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Phosphoric Acid Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Phosphoric Acid Market

10 Impact Of Challenges On The Global Phosphoric Acid Market

11 Porter’s Five Forces Analysis

12 Global Phosphoric Acid Market: By Source Type Scope Key Takeaways

13 Global Phosphoric Acid Market, By Source Type Segment: Revenue Growth Analysis

14 Wet Process Market, By Region, 2020-2028 (USD Mllion)

15 Thermal Process Market, By Region, 2020-2028 (USD Mllion)

16 Global Phosphoric Acid Market: By Application Scope Key Takeaways

17 Global Phosphoric Acid Market, By Application Segment: Revenue Growth Analysis

18 Fertilizers Market, By Region, 2020-2028 (USD Mllion)

19 Food & Beverages Market, By Region, 2020-2028 (USD Mllion)

20 Detergents Market, By Region, 2020-2028 (USD Mllion)

21 Water Treatment Chemicals Market, By Region, 2020-2028 (USD Mllion)

22 Metal Treatment Market, By Region, 2020-2028 (USD Mllion)

23 Industrial Use Market, By Region, 2020-2028 (USD Mllion)

24 Others Market, By Region, 2020-2028 (USD Mllion)

25 Regional Segment: Revenue Growth Analysis

26 Global Phosphoric Acid Market: Regional Analysis

27 North America Phosphoric Acid Market Overview

28 North America Phosphoric Acid Market, By Source Type

29 North America Phosphoric Acid Market, By Application

30 North America Phosphoric Acid Market, By Country

31 U.S. Phosphoric Acid Market, By Source Type

32 U.S. Phosphoric Acid Market, By Application

33 Canada Phosphoric Acid Market, By Source Type

34 Canada Phosphoric Acid Market, By Application

35 Mexico Phosphoric Acid Market, By Source Type

36 Mexico Phosphoric Acid Market, By Application

37 Four Quadrant Positioning Matrix

38 Company Market Share Analysis

39 The Mosaic Company: Company Snapshot

40 The Mosaic Company: SWOT Analysis

41 The Mosaic Company: Geographic Presence

42 PJSC PhosAgro: Company Snapshot

43 PJSC PhosAgro: SWOT Analysis

44 PJSC PhosAgro: Geographic Presence

45 Nutrien: Company Snapshot

46 Nutrien: SWOT Analysis

47 Nutrien: Geographic Presence

48 IFFCO: Company Snapshot

49 IFFCO: Swot Analysis

50 IFFCO: Geographic Presence

51 EuroChem Group AG: Company Snapshot

52 EuroChem Group AG: SWOT Analysis

53 EuroChem Group AG: Geographic Presence

54 PRAYON GROUP: Company Snapshot

55 PRAYON GROUP: SWOT Analysis

56 PRAYON GROUP: Geographic Presence

57 Israel Chemical Ltd. : Company Snapshot

58 Israel Chemical Ltd. : SWOT Analysis

59 Israel Chemical Ltd. : Geographic Presence

60 Yara International: Company Snapshot

61 Yara International: SWOT Analysis

62 Yara International: Geographic Presence

63 OCP S.A., Inc.: Company Snapshot

64 OCP S.A., Inc.: SWOT Analysis

65 OCP S.A., Inc.: Geographic Presence

66 Aditya Birla Group: Company Snapshot

67 Aditya Birla Group: SWOT Analysis

68 Aditya Birla Group: Geographic Presence

69 Other Companies: Company Snapshot

70 Other Companies: SWOT Analysis

71 Other Companies: Geographic Presence

The Global Phosphoric Acid Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Phosphoric Acid Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the phosphoric acid market?

The phosphoric acid market is expected to grow from USD 46.5 Billion in 2023 to USD 58.2 Billion by 2028 and is projected to grow at a CAGR of 4.44% from 2023 to 2028.

Who are the major vendors in the phosphoric acid market?

What are the opportunities prevailing in the global phosphoric acid market?

The global phosphoric acid market offers significant opportunities driven by factors such as increasing agricultural activities, growing industrial applications, expanding food and beverage industry, and rising demand for processed and convenience foods.

What are the major drivers in the phosphoric acid market?

Increased demand for phosphoric acid from the food and beverage and pharmaceutical industries, as well as growing worries about water pollution and the need for clean water, are some of the factors that are anticipated to support the markets growth over the course of the forecast period.