Press release
Phosphoric Acid Market 2031 Competitor Analysis
Phosphoric Acid
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Based on Apllication Type, By Application Fertilizers, Food and Feed Phosphate, Detergents, Water Treatment Chemicals, Industrial, Electronics.
Major Companies operating in the Phosphoric Acid Market are:
• Arkema Group
• J.R. Simplot Company
• Nutrien Ltd.
• OCP Group
• PJSC PhosAgro
• Prayon Group
• Solvay
• Spectrum Chemical Manufacturing Corporation
• The Mosaic Company
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About The Insight Partners
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialists in industries such as technology, media, food & beverages, chemicals & materials, and telecommunication.
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What industry-specific factors are fueling the growth of the phosphoric acid Market Share Share?
The phosphoric acid Market Share Share is experiencing substantial growth because of the escalating need for Di-ammonium Phosphate (DAP) fertilizers. DAP, a type of soluble ammonium phosphate salt, is produced when ammonia reacts with phosphoric acid. A major component of fertilizer production, phosphoric acid, mixed with finely ground phosphate, generates triple superphosphate (TSP), monoammonium phosphate…
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Phosphoric Acid Market was Dominated by Agricultural-Grade Phosphoric Acid
The phosphoric acid market was USD 45,671.2 million in 2022, and it will grow at a rate of 4.1% in the years to come, to touch USD 63,186.8 million by 2030, as stated by a market research institution P&S Intelligence.
The diammonium hydrogen phosphate market will grow significantly in the years to come with a rate of about 5%, because of the growing need for manure to increase agricultural yields.
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Trends Influencing the Growth of the Global Phosphoric Acid Market
Phosphoric acid is used as an intermediary element in the production of various phosphate fertilizers. Diammonium phosphate (DAP), mono ammonium phosphate…
