Phosphoric Acid Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[185+ Pages Report] According to the report published by Facts Factors, the global phosphoric acid market size was worth around USD 45 billion in 2019 and is predicted to grow to around USD 60 billion by 2026 with a compound annual growth rate (CAGR) of roughly 4% between 2020 and 2026. The report analyzes the global phosphoric acid market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the phosphoric acid market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Phosphoric Acid industry. The report analyzes and declares the historical and current trends analysis of the Phosphoric Acid industry and subsequently recommends the projected trends anticipated to be observed in the Phosphoric Acid market during the upcoming years.

Key Insights from Primary Research

• From the primary research conducted by our analysts, fertilizer and food are the prominent end-user industries to tap.
• In line with the response collected from the primary respondent, the global phosphoric acid market is estimated to grow at a CAGR of around 4 percent.
• The market was at around USD 45 billion in 2019 and it is estimated to cross approximately USD 60 billion by 2026.
• However, the growth of the fertilizer is estimated to be followed by the food, medical, and beverage industry
• The Asia Pacific is projected to acquire a major contribution to the market with a market share of more than 50 percent.

Key Recommendations from Analysts

• The wet process is the most common method of producing phosphoric acid and the acid produced from the wet process can be directly utilized by the fertilizer industry.
• Food grade phosphoric acid is estimated to gain traction in the coming period. The demand from the agriculture industry is fueling the demand for food-grade acid.
• The growing population across the globe is surging demand for food which is estimated to create a bolstering demand for fertilizers.
• Asia Pacific market is estimated to dominate the market with around 50% of the market share. The growth of the agriculture industry within a region along with the availability of the raw materials in the region is propelling production as well as consumption in the market.

Market Share Phospheric Acid Market (2019)– By End-User

The Phosphoric Acid market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Phosphoric Acid market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (K Tons) and value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Phosphoric Acid industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Phosphoric Acid industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Phosphoric Acid market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Phosphoric Acid industry. The Phosphoric Acid market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Phosphoric Acid sector. Key strategic developments in the Phosphoric Acid market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Phosphoric Acid market are appropriately highlighted in the report.

The Phosphoric Acid market research report delivers an acute valuation and taxonomy of the Phosphoric Acid industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the Phosphoric Acid industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Phosphoric Acid industry is provided for the leading economies of the world.

The Phosphoric Acid market is segmented based on process type, grade, application, fertilizer type, and end-user.  On the basis of process type segmentation, the market is classified into a wet process, thermal process, and others. Based on the grade market is split into the food-grade and technical grade.

In terms of Application segmentation, the market is divided into home cleaning agents, and fertilizer chemicals. Further, on the basis of Fertilizer type Market is segmented into mono-ammonium phosphate (MAP), diammonium phosphate (DAP), and triple superphosphate (TSP). Based on the end-user industry market is split into electronics, beverage, medical, food, fertilizer, and others.

Some of the leading players in the global market include

• Kazphosphate LIC
• Prayon
• PJSC PhosAgro
• Acron OAO
• Yara International
• Israel Chemical
• Eurochem
• OJSC Phosagro
• Argium, Nutrien
• Potash Corp.
• CF Industries
• OCP
• Innophos Holdings
• IFFCO
• Laxness
• Yuntianhua Group
• Foskor
• Solvay-Rhodia
• Italmatch Chemicals
• Jordan Phosphate Mines
• Chemische Fabric Budenheim
• Saudi-Arabian Mining Company
• Vale
• United Phosphorus
• The Mosaic Company

The taxonomy of the Phosphoric Acid Market by its scope and segmentation is as follows:

By Process Type Segmentation Analysis

• Wet Process
• Thermal Process
• Others

By Grade Segmentation Analysis

• Food Grade
• Technical Grade

By Application Segmentation Analysis

• Mono-Ammonium Phosphate (MAP)
• Diammonium Phosphate (DAP)
• Triple Superphosphate (TSP)

By Fertilizer Type Segmentation Analysis

• Mono-Ammonium Phosphate (MAP)
• Diammonium Phosphate (DAP)
• Triple Superphosphate (TSP)

By End User Segmentation Analysis

• Electronics
• Beverage
• Medical
• Food
• Fertilizer
• Others

By Regional Segmentation Analysis(Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa