Press release
India Phosphoric Acid Market to Reach USD 4.91 Billion by 2033 - IMARC Group
The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The India phosphoric acid market size reached USD 2.62 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.91 Billion by 2033, exhibiting a growth rate (CAGR) of 6.70% during 2025-2033.
Report Attributes and Key Statistics:
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2023
Market Size in 2024: USD 2.62 Billion
Market Forecast in 2033: USD 4.91 Billion
Market Growth Rate (2025-2033): 6.70%
India Phosphoric Acid Market Overview:
The Indian market for phosphoric acid is expanding slowly due to its indispensable application in the production of phosphate fertilizers, especially di-ammonium phosphate (DAP). Its expansion is founded on India's strong agricultural base and the growing need to increase crop yields in small arable land. Government subsidy of fertilizers and rising food grain demand in the country also enhance the market momentum. In addition, developments in manufacturing plants and international partnerships are helping India reduce its import reliance and strengthen its fertilizer supply chain, resulting in overall growth of the phosphoric acid industry.
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India Phosphoric Acid Market Trends and Drivers:
The industry is also witnessing a shift towards localized production to decrease dependency on phosphoric acid imports. Purification technology improvements are making manufacturing units more efficient and less environmentally intrusive. Increasing usage of phosphoric acid in non-agricultural industries like water treatment, food-grade, and pharmaceutical is also observed. Consolidation of supply chains is being witnessed due to joint ventures of Indian companies with overseas suppliers. Moreover, increasing awareness of sustainable agriculture is promoting uptake of high-quality, application-specific fertilizers, ahead of refined phosphoric acid demand.
India's large agricultural economy and the constant need to increase crop yields are key drivers driving consumption of phosphoric acid. The continuous support by the government through rural development programs and subsidies on fertilizers continues to feed demand for allied products and DAP. Increasing investment in local fertilizer manufacturing plants, combined with strategic import arrangements for raw materials like rock phosphate, are stimulating market growth. Also, population increase and urbanization with high rates are putting pressure on agriculture, leading to more intensive farming approaches based on phosphoric acid-based fertilizers.
Browse Full Report with TOC & List of Figures: https://www.imarcgroup.com/india-phosphoric-acid-market
Market Key Growth Drivers:
• Strong demand from the fertilizer industry
• Government subsidies and agricultural reforms
• Growing need for enhanced crop productivity
• Expansion of domestic manufacturing capacities
• Rising use in water treatment and food-grade applications
• International partnerships and import agreements
Segmentations of the Report:
IMARC Group provides an analysis of the key trends in each segment of the India phosphoric acid market, along with forecasts at the regional level from 2025-2033. The market has been categorized based on grade, application, and region.
Grade Insights:
• Food Grade
• Technical Grade
Application Insights:
• Fertilizers
• Food Additives
• Animal Feed
• Industrial Use
Regional Insights:
• North India
• South India
• East India
• West India
Competitive Landscape:
The report presents a detailed analysis of the competitive landscape in the India phosphoric acid market. It includes profiles of major companies, market structure, key player positioning, strategic developments, and an evaluation quadrant. The competitive overview helps stakeholders understand current dynamics and key growth strategies employed by leading firms.
Market News:
• In March 2025, Paradeep Phosphates Ltd. announced a new investment plan to expand its phosphoric acid production facility in Odisha to meet the rising demand from fertilizer manufacturers.
• In October 2024, Coromandel International Limited entered into a strategic partnership with a Moroccan phosphate supplier to secure long-term raw material supply for its upcoming phosphoric acid plant.
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
Ask an analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=31267&flag=C
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No.: (D) +91 120 433 0800
Americas: +1 631 791 1145 | Asia: +91-120-433-0800 | UK: +44-753-714-6104
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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