Phosphoric Acid Global Market Report 2026

Phosphoric acid is a tricrotic acid found in the form of a dense liquid. It has corrosive properties, affecting human and laboratory animal skin, eyes, and mucous membranes. Dilute solutions of phosphoric acid have a pleasant acidic taste, making it a food additive used in soft drinks and various prepared foods. Additionally, it is employed in water treatment products. Phosphoric acid is a component in fertilizers, detergents, and numerous household cleaning items.

The main types of phosphoric acid include calcium phosphate, potassium phosphate, sodium tripolyphosphate, and phosphoric acid itself. Calcium phosphate, also known as calcium phosphate tribasic or tricalcium phosphate, is a calcium salt of phosphoric acid appearing as a white amorphous or crystalline powder that is odorless and tasteless. Different processes, such as the furnace process and the dry kiln process, produce various grades like food, agricultural, and industrial. The end-user industries for phosphoric acid include fertilizer, food and beverages, chemicals, medicine, metallurgy, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the phosphoric acid market by increasing costs of imported phosphate rock, sulfur, processing equipment, and chemical catalysts. Fertilizer and chemical producers in North America and Europe are most affected due to reliance on imported raw materials, while Asia-Pacific faces higher costs for export-oriented acid production. These tariffs are raising production costs and impacting downstream fertilizer pricing. At the same time, they are encouraging domestic phosphate mining, regional acid production, and investments in efficient processing technologies.

The phosphoric acid market research report is one of a series of new reports from The Business Research Company that provides phosphoric acid market statistics, including phosphoric acid industry global market size, regional shares, competitors with a phosphoric acid market share, detailed phosphoric acid market segments, market trends and opportunities, and any further data you may need to thrive in the phosphoric acid industry. This phosphoric acid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The phosphoric acid market size has grown strongly in recent years. It will grow from $54.47 billion in 2025 to $58.2 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to expansion of global fertilizer consumption, growth of food and beverage manufacturing, rising demand for industrial cleaning agents, increasing use in water treatment chemicals, availability of phosphate rock reserves.

The phosphoric acid market size is expected to see strong growth in the next few years. It will grow to $74.28 billion in 2030 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing agricultural productivity requirements, rising demand for specialty phosphate chemicals, expansion of sustainable fertilizer solutions, growing focus on water quality management, increasing adoption in pharmaceutical formulations. Major trends in the forecast period include rising demand for high-purity phosphoric acid, increasing use in fertilizer production, growing application in food and beverage processing, expansion of water treatment applications, enhanced focus on efficient phosphate processing.

The increasing demand in the food and beverage industry is expected to drive the growth of the phosphoric acid market. The food and beverage industry encompasses operations related to the production, processing, packaging, distribution, and retailing of food and drink items. Phosphoric acid is used in food and beverages to maintain the desired acidity in carbonated drinks, jams, jellies, and canned foods, enhancing taste and preservation. For instance, in April 2024, according to the National Association of Convenience Stores (NACS), a US-based trade association, total industry foodservice sales accounted for 26.9% of in-store sales in 2023, up from 25.6% in 2022, with prepared food sales increasing by 12.2% per store per month, making it the leading in-store category. Additionally, in May 2024, the 2024 Annual Report by the British Soft Drinks Association, a UK-based trade association, reported that total soft drinks consumption rose to 15,343 million liters in 2023 from 14,912 million liters in 2022. Therefore, the growing demand in the food and beverage industry is boosting the phosphoric acid market.

Major companies in the phosphoric acid market are focusing on innovations such as fluorinated phosphoric acid additives to enhance performance in high-efficiency photovoltaic and advanced material applications. Fluorinated phosphoric acid additives are engineered phosphoric acid derivatives that improve interfacial passivation, film quality, and device performance in next-generation solar and electronic technologies. For instance, in August 2024, researchers at Saitama University, a Japan-based national university, achieved a power conversion efficiency of 20.5% in a thin-film perovskite solar cell by incorporating fluorinated phosphoric acid (TPFP) into the absorber's precursor solution, enhancing passivation at the interface between the perovskite film and the hole transport layer. This innovation reduces the need for traditional surface treatments and post-processing steps, improving efficiency, lowering hysteresis, and enabling potential large-area deposition techniques.

In April 2025, Jordan Phosphate Mines Company (JPMC), a Jordan-based provider of phosphate mining and phosphoric acid/raw phosphate, partnered with the government of Indonesia to establish a new phosphoric acid plant in Surabaya. The partnership aims to expand and secure long-term phosphoric acid production capacity to meet growing demand in Indonesia's fertilizer market, effectively doubling the existing joint venture capacity and strengthening JPMC's export footprint. The Indonesian government acts as a strategic partner in expanding domestic phosphoric acid production capabilities.

Major companies operating in the phosphoric acid market are OCP Group, The Mosaic Company, Nutrien Ltd., PhosAgro (Public Joint Stock Company PhosAgro), EuroChem Group AG, ICL Group Ltd. (Israel Chemicals Ltd.), Yara International ASA, Prayon Group (Prayon S.A.), Jordan Phosphate Mines Company plc, Ma'aden (Saudi Arabian Mining Company), Lifosa (AB Lifosa, part of EuroChem Group AG), Gujarat Alkalies and Chemicals Ltd., Innophos Holdings, Inc., Wengfu Group Co., Ltd., Yuntianhua Group Co., Ltd., Grupa Azoty S.A., CF Industries Holdings, Inc., Hubei Xingfa Chemicals Group Co., Ltd., Chengxing Group Co., Ltd., Yunphos (Yunnan Phosphate Chemical Group Co., Ltd.), Tongling Nonferrous Metals Group Chemical Branch (Tongling Chemical Industry Group), Kailin Group Co., Ltd.

Asia-Pacific was the largest region in the phosphoric acid market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phosphoric acid market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the phosphoric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The phosphoric acid market consists of sales of hypophosphorous acid, orthophosphorous acid and pyrophosphoric acid. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Phosphoric Acid Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses phosphoric acid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for phosphoric acid ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The phosphoric acid market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Food Grade; Agricultural Grade; Industrial Grade; Pharmaceutical Grade
• 2) By Form: Liquid Phosphoric Acid; Solid Phosphoric Acid
• 3) By Process Type: Wet Process Phosphoric Acid; Thermal Or Furnace Process Phosphoric Acid
• 4) By End-User: Fertilizer; Food and Beverages; Chemicals; Medicine; Metallurgy; Other End-Users
• Subsegments:
• 1) By Food Grade: Beverage-Grade Phosphoric Acid; Processed Food-Grade Phosphoric Acid; High-Purity Food-Grade Phosphoric Acid
• 2) By Agricultural Grade: Fertilizer-Grade Phosphoric Acid; Technical-Grade Agricultural Phosphoric Acid
• 3) By Industrial Grade: Technical-Grade Phosphoric Acid; Metal Treatment-Grade Phosphoric Acid; Detergent and Cleaning-Grade Phosphoric Acid; Water Treatment-Grade Phosphoric Acid
• 4) By Pharmaceutical Grade: USP Or BP Or EP Grade Phosphoric Acid; High-Purity Pharmaceutical-Grade Phosphoric Acid
• Companies Mentioned: OCP Group; The Mosaic Company; Nutrien Ltd.; PhosAgro (Public Joint Stock Company PhosAgro); EuroChem Group AG; ICL Group Ltd. (Israel Chemicals Ltd.); Yara International ASA; Prayon Group (Prayon S.A.); Jordan Phosphate Mines Company plc; Ma'aden (Saudi Arabian Mining Company); Lifosa (AB Lifosa, part of EuroChem Group AG); Gujarat Alkalies and Chemicals Ltd.; Innophos Holdings, Inc.; Wengfu Group Co., Ltd.; Yuntianhua Group Co., Ltd.; Grupa Azoty S.A.; CF Industries Holdings, Inc.; Hubei Xingfa Chemicals Group Co., Ltd.; Chengxing Group Co., Ltd.; Yunphos (Yunnan Phosphate Chemical Group Co., Ltd.); Tongling Nonferrous Metals Group Chemical Branch (Tongling Chemical Industry Group); Kailin Group Co., Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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