Phosphoric Acid Market Report: Trends, Forecast and Competitive Analysis to 2030

Phosphoric Acid Trends and Forecast

The future of the global phosphoric acid market looks promising with opportunities in the fertilizer, feed & food additive, detergent, water treatment chemical, metal treatment, and industrial use applications. The global phosphoric acid market is expected to reach an estimated $52.9 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are rising need for phosphate fertilizers and growing usage of phosphoric acid in fuel cell applications.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Phosphoric Acid by Segment

The study includes a forecast for the global phosphoric acid by source type, application, and region.

Phosphoric Acid Market by Source Type [Shipment Analysis by Value from 2018 to 2030]:

• Wet Process
• Thermal Process

Phosphoric Acid Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Fertilizer
• Feed & Food Additives
• Detergents
• Water Treatment Chemical
• Metal Treatment
• Industrial Use
• Others

Phosphoric Acid Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Phosphoric Acid Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies phosphoric acid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the phosphoric acid companies profiled in this report include-

• ICL
• OCP
• The Mosaic
• Nutrien
• Eurochem
• Phosagro
• IFFCO

Phosphoric Acid Market Insights

Lucintel forecasts that wet process is expected to witness the higher growth over the forecast period.

Within this market, fertilizer will remain the largest segment over the forecast period.

APAC will remain the largest region over the forecast period.

Features of the Global Phosphoric Acid Market

Market Size Estimates: Phosphoric acid market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Phosphoric acid market size by source type, application, and region in terms of value ($B).

Regional Analysis: Phosphoric acid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different source types, applications, and regions for the phosphoric acid market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the phosphoric acid market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the phosphoric acid market size?

Answer: The global phosphoric acid market is expected to reach an estimated $52.9 billion by 2030.

Q2. What is the growth forecast for phosphoric acid market?

Answer: The global phosphoric acid market is expected to grow with a CAGR of 3.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the phosphoric acid market?

Answer: The major drivers for this market are rising need for phosphate fertilizers and growing usage of phosphoric acid in fuel cell applications.

Q4. What are the major segments for phosphoric acid market?

Answer: The future of the phosphoric acid market looks promising with opportunities in the fertilizer, feed & food additive, detergent, water treatment chemical, metal treatment, and industrial use applications.

Q5. Who are the key phosphoric acid market companies?

Answer: Some of the key phosphoric acid companies are as follows:

• ICL
• OCP
• The Mosaic
• Nutrien
• Eurochem
• Phosagro
• IFFCO

Q6. Which phosphoric acid market segment will be the largest in future?

Answer: Lucintel forecasts that wet process is expected to witness the higher growth over the forecast period.

Q7. In phosphoric acid market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the phosphoric acid market by source type (wet process and thermal process), application (fertilizer, feed & food additives, detergents, water treatment chemical, metal treatment, industrial use, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?