Phosphoric Acid Market; By Process Type (Wet Process, Thermal Process, and others), By Application (Phosphate chemicals, Other industrial Applications, Home cleaning agents and others), By Grade (Technical grade, Food Grade), By end user (fertilizer, medical, food & beverage, electronics, and others), and Geography  

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Phosphoric Acid Market size was valued at USD 43.92 billion in 2023 and  is poised to grow at a significant CAGR of 4% from 2024-2030. Phosphoric acid market report gives a comprehensive outlook on use of phosphoric acid across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes (US$ Mn) on the basis of process type, grade, application, end user, and region. This report studies global phosphoric acid market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.

In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global phosphoric acid market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global phosphoric acid products. The market estimated is poised to grow at significant CAGR over 2024-2030 due to increasing demand for global fertilizer industries for fertilizers like di ammonium phosphate, tri sodium phosphate etc., and increasing demand for food & beverage sector. Moreover, increasing demand for phosphate based fertilizers, increase in demand for water treatment, and increase in demand for phosphoric acid based chemicals in the fields of medical, chemical, and electronics are major factors that are driving the growth of the market over the forecast timeframe.

Global Phosphoric Acid Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4%

Largest Market

Europe

Fastest Growing Market

N/A

Phosphoric Acid Market Dynamics

Increase in demand for phosphate based fertilizers is a key factor that drive the global phosphoric acid market. Nowadays governments of different nations are focusing on agriculture and they are giving subsidies for the farmers on fertilizers so that they are available to every farmer. Most of the people in developed and developing countries are showing interest in global phosphoric acid market. Moreover, Water pollution is also molding the industry and global phosphoric acid market over the forecast period. Water pollution has become a major issue all over the world and many countries are showing interest towards water treatment. Phosphoric acid is used in water treatment to adjust the pH of water and precipitates heavy metal ions by sequestration.

Global Phosphoric Acid Market Segmentation

By Process Type

  • Wet Process
  • Thermal Process
  • Others

By Application

  • Phosphate chemicals
  • Other industrial Applications
  • Home cleaning agents
  • others

By Grade

  • Technical grade
  • Food Grade

By End User

  • fertilizer,
  • medical
  • food & beverage
  • electronics
  • others

Frequently Asked Questions

The global phosphoric acid market size was valued at US$ 43.92 billion in 2023 and is projected to grow at a CAGR of 4% by 2030.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

Key Features of the Report

  • The phosphoric acid market provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup's details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis
1.Executive Summary
2.Global Phosphoric Acid Market Introduction 
2.1.Global Phosphoric Acid Market  - Taxonomy
2.2.Global Phosphoric Acid Market  - Definitions
2.2.1.Process Type
2.2.2.Application
2.2.3.Grade
2.2.4.Region
3.Global Phosphoric Acid Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Phosphoric Acid Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Phosphoric Acid Market  By Process Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Wet Process
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Thermal Process
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Others
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Phosphoric Acid Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Phosphate chemicals
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Other industrial Applications
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Home cleaning agents
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. others
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Phosphoric Acid Market  By Grade, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Technical grade
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Food Grade
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
8.Global Phosphoric Acid Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Phosphoric Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Process Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Wet Process
9.1.2.Thermal Process
9.1.3.Others
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Phosphate chemicals
9.2.2.Other industrial Applications
9.2.3.Home cleaning agents
9.2.4.others
9.3.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Technical grade
9.3.2.Food Grade
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Phosphoric Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Process Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Wet Process
10.1.2.Thermal Process
10.1.3.Others
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Phosphate chemicals
10.2.2.Other industrial Applications
10.2.3.Home cleaning agents
10.2.4.others
10.3.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Technical grade
10.3.2.Food Grade
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
10.4.7.
11.Asia Pacific (APAC) Phosphoric Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Process Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Wet Process
11.1.2.Thermal Process
11.1.3.Others
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Phosphate chemicals
11.2.2.Other industrial Applications
11.2.3.Home cleaning agents
11.2.4.others
11.3.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Technical grade
11.3.2.Food Grade
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Phosphoric Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Process Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Wet Process
12.1.2.Thermal Process
12.1.3.Others
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Phosphate chemicals
12.2.2.Other industrial Applications
12.2.3.Home cleaning agents
12.2.4.others
12.3.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Technical grade
12.3.2.Food Grade
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Phosphoric Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Process Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Wet Process
13.1.2.Thermal Process
13.1.3.Others
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Phosphate chemicals
13.2.2.Other industrial Applications
13.2.3.Home cleaning agents
13.2.4.others
13.3.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Technical grade
13.3.2.Food Grade
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Nutrien (Canada)
14.2.2.Phosagro (Russia)
14.2.3.Hanwha Corporation, (South Korea)
14.2.4.Innophos Holdings, Inc. (Canada)
14.2.5.The Mosaic Company (U.S.)
14.2.6.Sinofert Holdings. (China)
14.2.7.Israel Chemical Ltd. (Israel)
14.2.8.Solvay (Canada)
14.2.9.Agrium Inc. (France)
14.2.10.Jordan Phosphate Mines Company PLC. (Jordan)
15. Research Methodology 
16. Appendix and Abbreviations 
  • Nutrien
  • Phosagro
  • Hanwha Corporation
  • Innophos Holdings, Inc.
  • The Mosaic Company
  • Sinofert Holdings.
  • Israel Chemical Ltd.
  • Solvay
  • Agrium Inc.
  • Jordan Phosphate Mines Company PLC.

Adjacent Markets