Press release
Phosphoric Acid Market to Reach USD 73.22 Billion by 2032, Growing at 4.9% CAGR Driven by Fertilizer Demand
Phosphoric Acid Market
According to a new report, the Phosphoric Acid Market was valued at USD 49.94 billion in 2024 and is projected to reach nearly USD 73.22 billion by 2032, growing at a CAGR of 4.9% during the forecast period. Increasing demand for fertilizers, food additives, and industrial chemicals is driving growth across major economies in Asia Pacific, North America, and Europe.
Get a sneak peek of this report today: https://www.maximizemarketresearch.com/request-sample/214764/
Key Highlights
Market Size: USD 49.94 Bn (2024) → USD 73.22 Bn (2032) at 4.9% CAGR
Leading Segment: Fertilizers account for over 32% market share
Largest Region: Asia Pacific dominates with 50% share in 2023
Key Drivers: Rising fertilizer consumption, growth in food & beverage sector, expanding use in pharmaceuticals and water treatment
Major Players: OCP Group, The Mosaic Company, PhosAgro, Yara International, EuroChem Group
Market Outlook
Phosphoric acid (H3PO4) is a key raw material in fertilizer production, particularly diammonium phosphate (DAP) and monoammonium phosphate (MAP). With nearly 80% of global production consumed by agriculture, rising food demand and population growth remain central market drivers. Beyond agriculture, phosphoric acid is used in carbonated beverages, pharmaceuticals, detergents, and rust removal, broadening its industrial scope.
Regional Insights
Asia Pacific: Dominated the market with 50% share in 2023, led by China, India, and Indonesia's large agricultural base and fertilizer demand.
North America: Strong demand from agriculture and food processing industries, alongside growing pharmaceutical applications.
Europe: Mature market influenced by strict environmental regulations and sustainable agriculture practices in Germany, France, and Spain.
Eager to discover what's within? Secure your sample copy of the report today: https://www.maximizemarketresearch.com/request-sample/214764/
Key Players
The market is moderately consolidated, with global players investing in capacity expansion and sustainable technologies. Leading companies include:
OCP Group
The Mosaic Company
PhosAgro
Yara International ASA
EuroChem Group
Innophos Holdings Inc.
ICL Group Ltd.
Analyst Quote
"The accelerating impacts of climate change and rising flood risks are pushing governments worldwide to adopt real-time flood monitoring and warning systems. With APAC leading, the market is poised for sustained growth as disaster resilience becomes a top priority." - Lead Analyst
Seeking a thorough market understanding? Dive into the summary of the research report: https://www.maximizemarketresearch.com/market-report/phosphoric-acid-market/214764/
Uncover Trending Topics:
Global Fireproof Insulation Market https://www.maximizemarketresearch.com/market-report/global-fireproof-insulation-market/25891/
Global Tackifier Market https://www.maximizemarketresearch.com/market-report/global-tackifier-market/27433/
Propylene Glycol Market https://www.maximizemarketresearch.com/market-report/global-propylene-glycol-market/33146/
Rubber Market https://www.maximizemarketresearch.com/market-report/rubber-market/187279/
Fiberglass Fabric Market https://www.maximizemarketresearch.com/market-report/fiberglass-fabric-market/2801/
Contact Us:
MAXIMIZE MARKET RESEARCH PVT. LTD.
2nd Floor, Navale IT park Phase 3,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Phosphoric Acid Market to Reach USD 73.22 Billion by 2032, Growing at 4.9% CAGR Driven by Fertilizer Demand here
News-ID: 4165075 • Views: …
More Releases from Maximize Market Research Pvt. Ltd.
Polyurethane Market Forecast to Reach USD 126.61 Billion by 2032, Driven by Cons …
According to a new report by Maximize Market Research, the global Polyurethane Market was valued at USD 84.40 Billion in 2024 and is projected to reach USD 126.61 Billion by 2032, growing at a CAGR of 5.2%. The market expansion is driven by the material's versatility in construction, automotive, and eco-friendly applications, alongside rising urbanization and demand for energy-efficient building materials.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/70607/
♦ Key HighlightsaMarket Size:
Market…
Dredging Market Forecast to Reach USD 13.76 Billion by 2032 with a CAGR of 2.65%
According to a new report by Maximize Market Research, the global Dredging Market was valued at USD 11.16 Billion in 2024 and is projected to reach USD 13.76 Billion by 2032, growing at a CAGR of 2.65%. The market's growth is fueled by increased demand for coastal protection, land reclamation, port maintenance, and sediment extraction for construction and energy projects worldwide.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/110051/
♦ Key HighlightsaMarket Size:
Market…
Liquid Vitamins Market to Reach USD 40.82 Billion by 2032, Growing at a 4.8% CAG …
According to a new report by Maximize Market Research, the global Liquid Vitamins Market was valued at USD 28.05 billion in 2024 and is projected to reach USD 40.82 billion by 2032, growing at a CAGR of 4.8%. The increasing adoption of liquid vitamin supplements across pharmaceuticals, food & beverages, and cosmetics is fueling market expansion worldwide.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/110856/
♦ Key HighlightsaMarket Size:
Market Size & CAGR: USD…
Data Backup and Recovery Market to Reach USD 25.63 Billion by 2030, Growing at 1 …
According to a new report by Maximize Market Research, the global Data Backup and Recovery Market was valued at USD 12.90 billion in 2023 and is projected to reach USD 25.63 billion by 2030, growing at a CAGR of 10.3%. The market growth is fueled by businesses' increasing need to protect critical data from loss, cyber threats, and operational disruptions across all regions.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/875/
♦ Key…
More Releases for Phosphoric
High Purity Phosphoric Acid for Semiconductor Market
High Purity Phosphoric Acid for Semiconductor Market Overview
High purity phosphoric acid (HPPA) for semiconductor manufacturing is a specialized form of phosphoric acid with an exceptionally low level of impurities, which is critical for producing high-quality semiconductors. In the semiconductor industry, HPPA is used primarily for etching and cleaning silicon wafers during the fabrication process. The purity of the acid ensures that no unwanted contaminants interfere with the delicate processes involved…
Prominent Phosphoric Acid Market Share Share Trend for 2025: Technological Advan …
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…
Phosphoric Acid Market 2031 Competitor Analysis
The Phosphoric Acid Market is expected to register a CAGR of 4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Access PDF: https://www.theinsightpartners.com/sample/TIPRE00012559/?utm_source=OpenPR&utm_medium=10864
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…
Phosphoric Acid Market Size, Share, Growth 2031
Global Phosphoric Acid Market Size was estimated at USD 37180 million in 2021 and is projected to reach USD 43300 million by 2028, exhibiting a CAGR of 2.2% during the forecast period.
The Phosphoric Acid Market 2024 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It…
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.
Explore…
Global Phosphoric Acid Market Size
According to a new market research report published by Global Market Estimates, the Global Phosphoric Acid Market is expected to grow from USD 46.5 Billion in 2023 to USD 58.2 Billion by 2028 and is projected to grow at a CAGR of 4.44% from 2023 to 2028.
The growing export value and volume of fertilizers, increased demand for phosphoric acid from the food and beverage and pharmaceutical industries, and increasing concerns…
