Global Phosphoric Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032
The global Phosphoric Acid market stood nearby 45 million tonnes in 2021 and is expected to grow at a CAGR of 4.04% during the forecast period until 2032.
The primary market driving factor for the growth of Phosphoric Acid market is its application in Fertilizers Industry. In 2021, the Fertilizers industry consumed approximately 80% of the Phosphoric Acid and is anticipated to dominate the Phosphoric Acid market in the forecast period. The most popular phosphatic fertilizers include diammonium phosphate (DAP), monoammonium phosphate (MAP), NPKs, and SSP. DAP is an excellent source of phosphate and nitrogen for plant nutrition. The ideal ratio of phosphorus and nitrogen is supplied by growing cereals like grain, fruits, cereals, and veggies. DAP in turn enhances soil’s fertility thus making the crop production more efficient. The Phosphoric Acid market demand is expected to reach approximately 72 million tonnes by 2032.
Phosphoric acid is an inorganic compound with formula H3PO4. It is also called orthophosphoric acid. It is a non-volatile, flavourless, colourless syrupy liquid. By using a wet method or a thermal process, phosphate ores can be converted into phosphoric acid, or H3PO4. These two ores are Fluorapatite and Francolite. The wet method is used to produce majority of the phosphoric acid worldwide. Reaction, filtration, and concentration stages comprise the wet process. Phosphoric acid is majorly employed to manufacture fertilizers. The chemical reaction of phosphoric acid with ground rock phosphate results in triple superphosphate (TSP). MAP and DAP are other fertilizers which are produced by reaction between phosphoric acid and ammonia.
Based on region, Asia Pacific is dominating across all the areas around the globe, with a consumption of about 50% of the global Phosphoric Acid in 2021. In order to achieve high rate of crop production, fertilizer use is increasing in China and India due to the rapid growth in population. This can be linked to the region's agriculture industry's high volume fertilizer requirement. Based on this, it is anticipated that Asia Pacific’s demand for phosphoric acid as a raw fertilizer ingredient should rise during the projection period. North America and Europe are also prominent consumers. Increase in the usage of this acid as food additives and animal feed is anticipated to surge the demand of global Phosphoric Acid in the upcoming years. Middle East region is leading in terms of producing Phosphoric Acid. It is mainly due to abundance of mineral phosphorous in this region which is the leading cause of high production of Phosphoric Acid.
Based on the end-user industry, the global Phosphoric Acid market is segmented into Fertilizers, Feed and Food Additives, and Others. The Fertilizers industry is dominating the Phosphoric Acid market. It is anticipated that this sector will maintain its position owing to growing demand of crops with the fast-growing population across the globe. Other applications of Phosphoric Acid as a Food Additive is also an impressive sector which will further fuel the Phosphoric Acid demand in the forecast period.
Major producers in the production of Global Phosphoric Acid market are OCP Group, Mosaic Company, IFFCO, Nutrien, Ma’aden, J.R. Simplot Company, ICL-YTH Group, Wengfu Group Co., Ltd., ICL(Rotem), Indorama (Industries Chimiques du Senegal), PhosAgro, Foskor Group, Rotem Amfert Negev Ltd., Yara, Coromandal International limited, JIFCO, and Indo Maroc Phosphore SA (IMACID).
Years considered for this report:
ChemAnalyst calculated Phosphoric Acid demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw material to produce Phosphoric Acid. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
Report Scope:
In this report, Global Phosphoric Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
The primary market driving factor for the growth of Phosphoric Acid market is its application in Fertilizers Industry. In 2021, the Fertilizers industry consumed approximately 80% of the Phosphoric Acid and is anticipated to dominate the Phosphoric Acid market in the forecast period. The most popular phosphatic fertilizers include diammonium phosphate (DAP), monoammonium phosphate (MAP), NPKs, and SSP. DAP is an excellent source of phosphate and nitrogen for plant nutrition. The ideal ratio of phosphorus and nitrogen is supplied by growing cereals like grain, fruits, cereals, and veggies. DAP in turn enhances soil’s fertility thus making the crop production more efficient. The Phosphoric Acid market demand is expected to reach approximately 72 million tonnes by 2032.
Phosphoric acid is an inorganic compound with formula H3PO4. It is also called orthophosphoric acid. It is a non-volatile, flavourless, colourless syrupy liquid. By using a wet method or a thermal process, phosphate ores can be converted into phosphoric acid, or H3PO4. These two ores are Fluorapatite and Francolite. The wet method is used to produce majority of the phosphoric acid worldwide. Reaction, filtration, and concentration stages comprise the wet process. Phosphoric acid is majorly employed to manufacture fertilizers. The chemical reaction of phosphoric acid with ground rock phosphate results in triple superphosphate (TSP). MAP and DAP are other fertilizers which are produced by reaction between phosphoric acid and ammonia.
Based on region, Asia Pacific is dominating across all the areas around the globe, with a consumption of about 50% of the global Phosphoric Acid in 2021. In order to achieve high rate of crop production, fertilizer use is increasing in China and India due to the rapid growth in population. This can be linked to the region's agriculture industry's high volume fertilizer requirement. Based on this, it is anticipated that Asia Pacific’s demand for phosphoric acid as a raw fertilizer ingredient should rise during the projection period. North America and Europe are also prominent consumers. Increase in the usage of this acid as food additives and animal feed is anticipated to surge the demand of global Phosphoric Acid in the upcoming years. Middle East region is leading in terms of producing Phosphoric Acid. It is mainly due to abundance of mineral phosphorous in this region which is the leading cause of high production of Phosphoric Acid.
Based on the end-user industry, the global Phosphoric Acid market is segmented into Fertilizers, Feed and Food Additives, and Others. The Fertilizers industry is dominating the Phosphoric Acid market. It is anticipated that this sector will maintain its position owing to growing demand of crops with the fast-growing population across the globe. Other applications of Phosphoric Acid as a Food Additive is also an impressive sector which will further fuel the Phosphoric Acid demand in the forecast period.
Major producers in the production of Global Phosphoric Acid market are OCP Group, Mosaic Company, IFFCO, Nutrien, Ma’aden, J.R. Simplot Company, ICL-YTH Group, Wengfu Group Co., Ltd., ICL(Rotem), Indorama (Industries Chimiques du Senegal), PhosAgro, Foskor Group, Rotem Amfert Negev Ltd., Yara, Coromandal International limited, JIFCO, and Indo Maroc Phosphore SA (IMACID).
Years considered for this report:
- Historical Period: 2015- 2021
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2032
- To assess the demand-supply scenario of Phosphoric Acid which covers production, demand and supply of Phosphoric Acid market in the globe.
- To analyze and forecast the market size of Phosphoric Acid
- To classify and forecast Global Phosphoric Acid market based on end-use and regional distribution.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., of Phosphoric Acid market in the globe.
ChemAnalyst calculated Phosphoric Acid demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw material to produce Phosphoric Acid. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
- Phosphoric Acid manufacturers and other stakeholders
- Organizations, forums and alliances related to Phosphoric Acid distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Report Scope:
In this report, Global Phosphoric Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, by End-use: Fertilizers, Feed and Food Additives, and Others
- Market, by Sales Channel: Direct Sale and Indirect Sale
- Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
1. CAPACITY BY COMPANY
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Phosphoric Acid .
2. CAPACITY BY LOCATION
To better understand the regional supply of Phosphoric Acid by analyzing its manufacturers' location-based capacity.
3. PRODUCTION BY COMPANY
Study the historical annual production of Phosphoric Acid by the leading players and forecast how it will grow in the coming years.
4. DEMAND BY END- USE
Discover which end-user industry (Fertilizers, Feed and Food Additives, and Others) are creating a market and the forecast for the growth of the Phosphoric Acid market.
5. DEMAND BY REGION
Analyzing the change in demand of Phosphoric Acid in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
6. DEMAND BY SALES CHANNEL (DIRECT AND INDIRECT)
Multiple channels are used to sell Phosphoric Acid . Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
7. DEMAND-SUPPLY GAP
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Phosphoric Acid.
8. COMPANY SHARE
Figure out what proportion of the market share of Phosphoric Acid is currently held by leading players across the globe.
9. COUNTRY-WISE EXPORT
Get details about quantity of Phosphoric Acid exported by major countries.
10. COUNTRY-WISE IMPORT
Get details about quantity of Phosphoric Acid imported by major countries.
11. PRICING ANALYSIS & FORECAST
Analyze historical prices since 2015 & Forecast on three months rolling period for next 12 months.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Phosphoric Acid .
2. CAPACITY BY LOCATION
To better understand the regional supply of Phosphoric Acid by analyzing its manufacturers' location-based capacity.
3. PRODUCTION BY COMPANY
Study the historical annual production of Phosphoric Acid by the leading players and forecast how it will grow in the coming years.
4. DEMAND BY END- USE
Discover which end-user industry (Fertilizers, Feed and Food Additives, and Others) are creating a market and the forecast for the growth of the Phosphoric Acid market.
5. DEMAND BY REGION
Analyzing the change in demand of Phosphoric Acid in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
6. DEMAND BY SALES CHANNEL (DIRECT AND INDIRECT)
Multiple channels are used to sell Phosphoric Acid . Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
7. DEMAND-SUPPLY GAP
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Phosphoric Acid.
8. COMPANY SHARE
Figure out what proportion of the market share of Phosphoric Acid is currently held by leading players across the globe.
9. COUNTRY-WISE EXPORT
Get details about quantity of Phosphoric Acid exported by major countries.
10. COUNTRY-WISE IMPORT
Get details about quantity of Phosphoric Acid imported by major countries.
11. PRICING ANALYSIS & FORECAST
Analyze historical prices since 2015 & Forecast on three months rolling period for next 12 months.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
