Phosphoric Acid Market to 2028 | Industry Statistics, Emerging Demands, Forecast to 2028

Phosphoric Acid Market was valued at USD 52.8 billion in 2021 and is expected to grow at a CAGR of 4% between 2022 and 2028. This acid is odorless in nature, colorless and viscous. In solid form, it strongly holds on to water molecules and crystallizes very quickly. In fact, you will be surprised to learn that this acid can not be separated from water molecules. Thus, in concentrated form, it exists like a syrup-like colorless liquid. The high use of phosphoric acid for the production of phosphate fertilizers such as Ammonium Phosphate(MAP)and Diammonium Phosphate(DAP)is expected to drive the market forecast period. Globally, phosphoric acid is the second most consumed inorganic acid after sulfuric acid. It is produced industrially in three grades with different concentration levels as per its end uses.

Top Major Key Players Industries

The Mosaic Company
PJSC PhosAgro
Nutrien
IFFCO
EuroChem Group AG
Prayon Group
Israel Chemical Ltd.
Yara International
OCP S.A.
Aditya Birla Group

By Application

Diamonium Hydrogenphosphate (DAP)
Monoammonium Dihydrogenphosphate (MAP)
Triple Superphosphate (TSP)
Other Fertilizers
Other Applications

By End-User

Fertilizer
Food & Beverages
Chemicals
Medicine
Metallurgy
Others

Scope of the Report

The research study analyzes the global Phosphoric Acid industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume

Key Questions Answered by Phosphoric Acid Market Report

What was the Phosphoric Acid Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Phosphoric Acid Market during the forecast period (2022-2028)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Phosphoric Acid Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.