Phosphoric Acid Market Size Worth USD 47.06 Billion, At a 4.6%CAGR by 2029 | The Mosaic Company, Nutrien Ltd., Israel Chemicals Ltd., OCP Group, Yara International

Exactitude Consultancy Market Research analyses that the Phosphoric Acid Market will witness a CAGR of 4.5% for the forecast period of 2023-2029 and is likely USD 31.67 Billion in 2022 to reach at USD 47.06 Billion by 2029.

Research report on the Phosphoric Acid market allows buyers to deliver unique solutions to various end users and improve their business presence in the industry. The report is introduced with accurate statistics regarding market share, size, and growth rate for the buyers to focus on their operations and achieve various goals smoothly. Numerous driving factors, restraints, opportunities, and threats affecting the Phosphoric Acid market growth is described in the study for the strategy planners to plan policies pertaining to production volume, delivery of services, making connections, and creating awareness in the minds of consumers.

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Drivers, Restraints, Opportunities and Challenges in Phosphoric Acid Market:

✦ Drivers: Increasing demand for phosphate fertilizers

✦ Restraints: Environmental concerns & increasing regulatory pressure

✦ Opportunity: Recovery of rare earth elements from phosphoric acid

✦ Challenges: Diminishing supply of phosphate

Key Findings of the Study:

► Thermal Process is estimated to be the second-largest process type of phosphoric acid market in 2022

► Feed & food additives is projected to be the fastest-growing application, in terms of value, during the forecast period.

► North America accounted for the second-largest market share, in terms of value, in 2022.

Prominent Key players of the Phosphoric Acid Market survey report:

Historical data available in the report elaborates on the development of the Phosphoric Acid on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - The Mosaic Company, Nutrien Ltd., Israel Chemicals Ltd., OCP Group, Yara International, Euro chem Group AG, Prayon S.A., J.R. Simplot Company, Solvay, CECA ARKEMA GROUP.

Phosphoric Acid Market Recent Developments

In October 2021, Paradeep Phosphates Ltd. has raised capital by around INR 1,255 crore, such that to finance the planned expansion of its facility in Goa. The company's production capacity will increase to a combined 2.22 million tons per annum for fertilizers like Di-ammonium Phosphate (DAP) and Nitrogen, Phosphorous, Potassium (NPK), and Phosphoric acid. Specifically, the company is intending to put a new Phosphoric Acid production plant, such that to enhance production by 120 kilotons per annum and also planning to install a new evaporator to raise the annual production of strong Phosphoric Acid by 116 kilotons.

In August 2021, EuroChem Group has signed an agreement to purchase the Serra do Salitre phosphates project based in Minas Gerais of Brazil from Norway's Yara. The project is scheduled to bring on stream a 1 million tons per year phosphates plant, producing MAP/NP, as well as SSP and TSP, in 2023. The project is likely to reach its target output in 2024. The project will also include a phosphoric acid plant and others. Such expansion will enhance the company's phosphoric acid business.

Phosphoric Acid Market Segmentation:

Global Phosphoric Acid Market by Product Type, 2023-2029, (USD Million) (Kilotons)

» Furnace Process

» Dry Kiln Process

» Others

Global Phosphoric Acid Market By Application, 2023-2029, (USD Million) (Kilotons)

» Fertilizers

» Animal Feed

» Food Additives

» Water Treatment

» Medical

» Electronics

 Global Phosphoric Acid Market by End User, 2023-2029, (USD Million) (Kilotons)

» Chemical Industry

» Food & Beverages

» Pharmaceutical

» Others

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Phosphoric Acid Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Phosphoric Acid industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Phosphoric Acid industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Phosphoric Acid Market Research Report 2023-2029

1 Phosphoric Acid Market Overview

1.1 Product Overview and Scope of Phosphoric Acid

1.2 Phosphoric Acid Segment by Type (Product Category)

1.3 Global Phosphoric Acid market Segment by Application

1.4 Global Phosphoric Acid Market by Region (2023-2029)

1.4.1 Global Phosphoric Acid Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Phosphoric Acid (2023-2029)

1.5.1 Global Phosphoric Acid Revenue Status and Outlook (2023-2029)

1.5.2 Global Phosphoric Acid Capacity, Production Status and Outlook (2023-2029)

…

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✔ Unbiased conclusions and market insights

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✔ Highly efficient and experienced team of analysts striving to create top-quality reports

✔ Our reports have facilitated the growth of over 500 companies

✔ The systematic and methodical market research process

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