Phosphoric Acid Market by Process Type (Wet, Thermal), Application (Fertilizers, Feed & Food Additives, Detergents, Water Treatment Chemicals, Metal Treatment, Industrial Use) and Region ( North America, Europe, APAC, RoW)

1. Phosphoric Acid Market worth $56.8 billion by 2027 - At a CAGR of 4.1%

2. Scope of The Report
By Process Type
The research report categorizes the Phosphoric Acid Market to forecast the revenues and analys
e the trends in each of the following subsegments :
• Wet
• Thermal
And More…
• Fertilizers
• Feed & Food Additives
• Detergents
• Water Treatment Chemicals
• Metal Treatment
• Industrial Use
By Application

3. Key Segments & Report Highlights
Demand from food industry is expected to drive the phosphoric acid market.
Fertilizers is estimated to be the largest application of phosphoric acid m
arket in 2021
Asia Pacific is projected to be the fastest growing market for phosph
oric acid during the forecast period.
Recent Market Developments in Phosphoric Acid Market Industry
Wet Process is estimated to be the largest process type of phosph
oric acid market in 2021
1
2
3
4
5

4. Market Growth Rate
Phosphoric Acid Market Dynamics -
• Driver: Growing demand in fuel cells
• Restraint: Environmental concerns & increasing regulatory pressure
• Opportunity: Commercialization of chiral phosphoric acid as catalyst
• Challenge: Diminishing supply of phosphate
• Wet process is projected to be the fastest-growing process type during the forecast period
• Fertilizers was the largest phosphoric acid application in 2021 in terms of value
• Asia Pacific accounted for the largest share of the global phosphoric acid market in 2021
2027
Market Size of
$46.4 Billion
Market Size of
$56.8 Billion
2022

5. Infographics Repots

6. Key Vendors
• ICL Group Ltd. (Israel)
• OCP Group S.A. (Morocco)
• The Mosaic Company (US)
• Nutrien Ltd. (Canada)
• Eurochem Group AG (Switzerland)
• Phosagro Group of Companies (Russia)
• IFFCO (India)
Vendors in Phosphoric Acid Market Industry
View Report Here - https://www.marketsandmarkets.com/Market-Reports/phosp
horic-acid-market-177852938.html

7. Major Regions
• North America
• APAC
• Europe
• Latin America
• MEA

8. Recent Developments in Phosphoric Acid Market Industry
• In January 2021, IGL Group Ltd. has announced a completion of acquisition of Fertilaqua. IGL Group
Ltd. expects the usage of strong market presence of Fertilaque to distribute the organic chemicals and
fertilizers of the company in the world.
• In August 2020, OCP Group S.A. has announced an expansion of its business by launching a new pla
nt building to produce purified phosphoric acid. The plant will be controlled by Euro Maroc Phosphore (
EMAPHOS), a subsidiary of OCP Group S.A. with an annual production capacity of 280,000 tons per
year from fourth quarter of 2022

9. Research Coverage
This report segments the market for phosphoric acid is based on process type, ap
plication, and region, and provides estimations for the overall market size across v
arious regions. A detailed analysis of key industry players has been conducted to
provide insights into their business overviews, products & services, key strategies,
associated with the market for phosphoric acid.

10. Key Benefits of Buying the Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of t
op players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-
growth segments of the phosphoric acid market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on phosphoric acid offered by top players in the global market
Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for
phosphoric acid across regions
Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the glo
bal phosphoric acid market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of l
eading players in the phosphoric acid market

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