Phosphoric Acid Market Trends, Growth Forecast, Price Analysis & Industry Report 2025 | Top key players - EuroChem Group AG, Prayon Group, Israel Chemical Ltd.

The Phosphoric Acid Market is expected to grow at a CAGR of 4.1% during the forecasting period 2024-2031.

The Phosphoric Acid Market, as examined in the DataM Intelligence study, offers a comprehensive overview of the industry, enriched with in-depth insights, historical data, and key statistics. The report provides a thorough analysis of market dynamics, competitive strategies, and leading players, detailing their product offerings, pricing models, financial performance, expansion strategies, and regional presence.

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The Phosphoric Acid Market refers to the global industry involved in the production, distribution, and application of phosphoric acid, a key chemical used primarily in fertilizers, food additives, and industrial products. It plays a critical role in agriculture for phosphate fertilizers and is also used in detergents, water treatment, and metal finishing, driving demand across multiple end-use sectors.

Market Dynamics:

Increase in the production of phosphate rocks

With the global population growing rapidly, the demand for increased crop production is rising significantly. To meet this need, many developing countries are taking strategic steps to boost the production of phosphate rock-a key raw material used to produce phosphoric acid and, in turn, phosphate fertilizers.

For example, in 2018, Indian Potash Ltd (IPL) acquired shares in Jordan's largest phosphate mining company, JPMC. This move aimed to secure India's phosphate reserves, as the country is one of the world's largest importers of phosphate rock. By ensuring a stable supply, the deal is expected to lower the cost of producing phosphate-based fertilizers, thereby reducing input costs for Indian farmers.

In another instance, a 50-year agreement signed in 2018 between a Russian company and the Syrian government grants the vendor rights to mine phosphate in Syria. This project is expected to yield around 2.2 million tonnes of phosphate annually, further supporting global supply needs.

Major Players Shaping the Phosphoric Acid Market:

The prominent players in Phosphoric Acid market research report are: The Mosaic Company, PJSC PhosAgro, Nutrien, IFFCO, EuroChem Group AG, Prayon Group, Israel Chemical Ltd., Yara International, OCP S.A. and, Aditya Birla Group.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

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Market Segments

By Production Process: Wet Process, Thermal Process.

By Application: Fertilizers, Animal Feed, Food Additives & Others.

The Phosphoric Acid industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Regions Covered:

The global Phosphoric Acid Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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