Phosphoric Acid Market Size Value at US$ 45.28 billion by 2031 | OCP, Mosaic, Yuntianhua, PhosAgro

Los Angeles, United States - The latest study by QY Research, "Global Phosphoric Acid Market 2025," delivers a comprehensive evaluation of industry trends, growth drivers, and future opportunities. Designed to support informed business decisions, the report highlights both qualitative and quantitative insights, helping stakeholders strengthen their competitive advantage and identify high-growth opportunities.

The global market for Phosphoric Acid was estimated to be worth US$ 38.97 billion in 2024 and is forecast to a readjusted size of US$ 45.28 billion by 2031 with a CAGR of 2.2% during the forecast period 2025-2031.

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Market Overview -

The Phosphoric Acid market is witnessing rapid evolution as businesses embrace advanced methodologies, technological innovation, and regulatory frameworks to adapt to shifting demand patterns. The report applies a mix of SWOT, PESTLE, and Porter's Five Forces analysis, offering a clear picture of market competitiveness and long-term growth prospects.

Phosphoric acid (H3PO4) is a mineral acid commonly used in various industries, including agriculture, food, and chemical manufacturing. It is a clear, colorless, odorless liquid that is highly soluble in water, making it versatile for numerous applications. In agriculture, phosphoric acid is a key ingredient in fertilizers, providing essential phosphorus that supports plant growth. In the food industry, it is used as an acidity regulator and flavor enhancer, often found in soft drinks and processed foods. Additionally, phosphoric acid plays a crucial role in manufacturing detergents, rust removers, and metal treatments.

Global Phosphoric Acid key players include OCP, Mosaic, Yuntianhua, PhosAgro, Tongling Chemical Industry Group, etc. Global top five manufacturers hold a share about 35%. China is the largest market, with a share about 40%, followed by Europe and North America, both have a share about 20 percent. In terms of product, Tech Grad is the largest segment, with a share over 85%. And in terms of application, the largest application is Fertilizers, followed by Food & Beverages.

The global phosphoric acid market has been experiencing steady growth driven by increasing demand in agriculture and food industries. In agriculture, phosphoric acid is a critical component of fertilizers, which are essential for enhancing crop yields and ensuring food security. As the global population continues to rise, the need for efficient agricultural practices and improved crop production is fueling the demand for phosphoric acid-based fertilizers. Moreover, the food and beverage sector uses phosphoric acid as an acidulant and flavoring agent, further supporting market expansion.

However, the market also faces challenges, including environmental regulations and fluctuating raw material prices. The production of phosphoric acid is associated with environmental concerns, such as the release of harmful byproducts and the need for sustainable practices. Additionally, variations in the prices of phosphate rock, the primary raw material for phosphoric acid, can impact production costs and market stability. Despite these challenges, advancements in production technologies and increased emphasis on sustainable agricultural practices are expected to drive future growth in the global phosphoric acid market.

QY Research emphasizes that effective strategies-such as customized marketing, targeted R&D investments, and optimized resource allocation-will play a pivotal role in ensuring sustainable growth in the forecast period.

Featured Companies: -

OCP
Mosaic
PhosAgro
PotashCorp (Nutrien)
Itafos
EuroChem
Tunisian Chemical Group (GCT)
Arkema
Solvay
ICL Performance Products
Hubei Xingfa Chemicals Group
Chengxing Group
Yunphos
IFFCO
Maaden
Wengfu Group
Yuntianhua
Tongling Chemical Industry Group
Kailin Group
Hubei Xinyangfeng Fertilizer

Companies are selected based on parameters such as: -

ᗒ Revenue generation
ᗒ Manufacturing facilities
ᗒ R&D investments
ᗒ Market share and innovation pipeline
ᗒ Geographical presence

Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

Market Drivers and Challenges -

Drivers
ᗒ Rising consumer demand across multiple industries

ᗒ Product innovation and robust R&D spending

ᗒ Geographic expansion supported by favorable regulations

ᗒ Strategic mergers, acquisitions, and partnerships

Challenges
ᗒ Low-cost substitutes affecting competitiveness

ᗒ Price volatility across raw material supply chains

ᗒ Complex compliance requirements in different regions

ᗒ Operational risks impacting timely supply and product quality

Detailed of Phosphoric Acid Market Segmentation: -

Our market analysts are experts in deeply segmenting the global Phosphoric Acid market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Phosphoric Acid market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Phosphoric Acid market and plan powerful business tactics to secure a position of strength in the industry.

Segmentation By Type :-

Electronic Grade
Food Grade
Tech Grade

Segmentation By Application : -

Fertilizers
Food & Beverages
Electronics
Others

Regional Insights -

The authors of the report have analyzed both developing and developed regions considered for the research and analysis of the global Phosphoric Acid market. The regional analysis section of the report provides an extensive research study on different regional and country-wise Phosphoric Acid markets to help players plan effective expansion strategies. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries. Players can use this study to explore untapped Phosphoric Acid markets to extend their reach and create sales opportunities.

United States

-Canada
-Mexico
-Brazil

APAC

-Japan
-South Korea
-China
-ASEAN
-India

EMEA

-Europe
-Middle East
-Africa

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What You'll Gain from This Report -

> In-Depth Regional Analysis: Explore market potential across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

> Competitive Intelligence: Profiles of key players, including their sales, revenue, product portfolios, and recent developments.

> Market Dynamics: Understand the latest trends, driving factors, and risks impacting the industry.

> Actionable Insights: Make informed business decisions with data-driven strategies and forecasts.

Key Features Of The Study:-

ᗒ This report provides in-depth analysis of the global Phosphoric Acid market, and provides market size (us$ million) and cagr for the forecast period (205-2031), considering 2023 as the base year.

ᗒ This report profiles key players in the global Phosphoric Acid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Phosphoric Acid sales data, market share and ranking.

ᗒ This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

ᗒ This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

ᗒ The global Phosphoric Acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Important questions answered in the report includes of:

ᗒ How will the market for the Phosphoric Acid Market industry grow in 2025?

ᗒ Which well-known major companies will drive the market's growth?

ᗒ Which size of business held the biggest market share for data centre?

ᗒ What is the market's Compound Annual Growth Rate (CAGR) for the 2025-2031 forecast period?

ᗒ What is the primary factor driving the market's expansion?

ᗒ In the market, which region held the highest market share?

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Phosphoric Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Sales, revenue of Phosphoric Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

About Us:

QYResearch established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.

Contact Us:

Arshad Shaha | Marketing Executive

QY Research, INC.
17890 Castleton, Suite 369,
Los Angeles, CA - 91748
USA: +1-6262952442
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Emails - arshad@qyresearch.com

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