Phosphoric Acid Market

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) - Global Forecast to 2027

Report Code: CH 8160 Aug, 2022, by marketsandmarkets.com

[235 Pages Report] The global phosphoric acid market will grow to  USD 56.8 billion by 2027, at a CAGR of 4.1% from USD 46.4 billion in 2022. The phosphoric acid market is mainly driven by increasing demand from the fertilizer and food & beverage industries and the growing use of phosphoric acid in fuel cells. Environmental concerns such as disposal of industrial phosphoric acid in water and increasing regulatory pressure hamper the growth of the phosphoric acid market. Commercializing chiral phosphoric acid as a catalyst and recovering rare earth elements from phosphoric acid create opportunities for the phosphoric acid market.

Phosphoric Acid Market

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Driver: Increasing demand for phosphate fertilizers  

The demand for phosphoric acid is driven by the increasing need to produce fertilizers from phosphoric acid, fueled by the growing population globally. According to the UN Department of Economics & Social Affairs, the world population is expected to increase by 2 billion and reach 9.7 billion by 2050. The increasing population supports the demand for food, which is fulfilled by producing crops nourished with fertilizers. Developing regions and countries are using fertilizers at a much higher rate than emerging ones.

Restraint: Environmental concerns & increasing regulatory pressure

At national, provincial, and state levels in many jurisdictions and regions, the supply of phosphoric acid is related to different government regulations such as EPA (Environmental Protection Agency). Due to several environmental issues, certifications on quality, health, and other parameters are imposing new rules for goods and plants, lawmakers on fertilizers, and tailings management.

Due to the high-standard certification schemes, registration of the product is being pursued by fertilizer companies. The EUs Green Deal criteria, Chinas Regulatory Phosphogypsum Control, and trading schemes will have global consequences on the fertilizer industry.Thus, the environmental impact of phosphates hampers the fertilizer market, restraining the growth of the phosphoric acid market.

Opportunity: Recovery of rare earth elements from phosphoric acid  

Rare earth elements are recovered through the sulfuric acid process, based on the removal of impurities from phosphoric acid and phosphogypsum. The major challenge is these products diluted content of rare earth elements. In other decomposition processes such as by HNO3, H3PO4, and HCl, rare earth elements are entirely transferred into leaching solutions, and then rare earth elements are extracted from leaching solutions. Due to impurity involvement, low efficiency, and high energy consumption, the precipitation, crystallization, and ion exchange methods are not considered for leaching solutions with high phosphorous content.These rare earth elements have many uses, such as in manufacturing catalysts, ceramics/glass, polishing, metallurgy, and defense uses.

Challenge: Diminishing supply of phosphate

Phosphate is an essential component in the production of phosphoric acid and phosphate-based products such as fertilizers and food & beverage. Even though phosphate recycling from wastewater is possible, it does not seem economically feasible. However, the excessive use of phosphates as a fertilizer has led to widespread pollution and eutrophication. As a result, the world’s major reserves are starting to deplete. Phosphate reserves are diminishing by quantity and quality across the globe, affecting the growth of the phosphoric acid market.

Phosphoric acid ecosystem

Phosphoric Acid Market Ecosystem

“Wet process is projected to be the fastest-growing process type during the forecast period”

Phosphoric acid produced using the wet process is impure but can be used directly without purification in fertilizer production. The high growth in fertilizers demand is the major driving factor of the wet process. The low operating cost, less process time, low operating temperatures, and easy operation support the growth. Low phosphorous content rock can also be used as a raw material in the wet process. The diminishing supply of rock phosphate is a major concern in the phosphoric acid market. As there is no alternative for phosphate, it is important to take adequate measures to ensure the future supply of phosphates. Even though phosphate recycling from wastewater is possible, it is not yet economically feasible.

“Fertilizers was the largest phosphoric acid application in 2021 in terms of value”

Fertilizers are chemical compounds mainly comprised of nitrogen, phosphorus, and potassium. They are vital for the growth and development of plants and crops.The fertilizers application accounted for the largest market share of the global phosphoric acid market, in terms of value, in 2021. The demand for phosphoric acid in the fertilizers segment is primarily driven by the growing world population and increased use of fertilizers to fulfill the rising need for food. The fertilizers segment will dominate the phosphoric acid market during the forecast period.

“Asia Pacific accounted for the largest share and is projected to be the fastest-growing market during the forecast period”

Asia Pacific was the largest market for phosphoric acid, in terms of value, in 2021 due to the strong presence of key fertilizer manufacturers and the high demand for processed food in the region. The high fertilizer consumption in China, India, and Indonesia supports this growth. The phosphoric acid market in Asia Pacific is projected to register the highest CAGR, in terms of value and volume, during the forecast period. Increasing disposable income of the middle-class population and spending on processed food are supporting the markets growth in the region. The increasing demand for processed food in emerging countries such as India and China also supports market growth.

Phosphoric Acid Market by Region

Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis

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Key Market Players

The phosphoric acid market is dominated by a few globally established players such as ICL Group Ltd. (Israel), OCP Group S.A. (Morocco), The Mosaic Company (US), Nutrien Ltd. (Canada), Phosagro Group of Companies (Russia), Eurochem Group AG (Switzerland), and IFFCO (India).

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Scope of the Report

Report Metric

Details

Years considered for the study

2017 – 2027

Base Year Considered

2021

Forecast period

2022–2027

Units considered

Value (USD Thousand/Million/Billion), Volume (Kiloton)

Segments covered

Process type, Application and Region

Regions covered

North America, Europe, Asia Pacific, Middle East & Africa and South America

Companies profiled

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), and IFFCO (India) among others

This report categorizes the global phosphoric acid market based on process type, application and region.

On the basis of source type, the phosphoric acid market has been segmented as follows:

  • Wet Process
  • Thermal Process

On the basis of application, the phosphoric acid market has been segmented as follows:

On the basis of region, the phosphoric acid market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments:

  • 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 plant 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

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 34)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           1.3.1 PHOSPHORIC ACID MARKET DEFINITION AND INCLUSIONS, BY PROCESS
           1.3.2 PHOSPHORIC ACID MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
    1.4 STUDY SCOPE
           1.4.1 PHOSPHORIC ACID MARKET SEGMENTATION
           1.4.2 REGIONS COVERED
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED
    1.6 UNIT CONSIDERED
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH DATA
          FIGURE 1 PHOSPHORIC ACID MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – Demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE SHARE OF TOP PLAYERS
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE)
    2.3 DATA TRIANGULATION
          FIGURE 4 PHOSPHORIC ACID MARKET: DATA TRIANGULATION
          FIGURE 5 DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
           2.4.1 SUPPLY SIDE
                    FIGURE 6 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE
           2.4.2 DEMAND SIDE
                    FIGURE 7 MARKET GROWTH PROJECTIONS FROM DEMAND SIDE: DRIVERS AND OPPORTUNITIES
    2.5 RESEARCH ASSUMPTIONS
    2.6 RESEARCH LIMITATIONS
    2.7 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 8 WET PROCESS LED PHOSPHORIC ACID MARKET IN 2021
    FIGURE 9 FERTILIZERS TO BE LARGEST APPLICATION SEGMENT IN 2022
    FIGURE 10 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2021

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 BRIEF OVERVIEW OF PHOSPHORIC ACID MARKET
          FIGURE 11 FERTILIZERS APPLICATION TO DRIVE MARKET DURING FORECAST PERIOD
    4.2 PHOSPHORIC ACID MARKET SIZE, BY REGION
          FIGURE 12 ASIA PACIFIC TO BE LARGEST MARKET DURING FORECAST PERIOD
    4.3 ASIA PACIFIC: PHOSPHORIC ACID MARKET, BY APPLICATION AND COUNTRY (2021)
          FIGURE 13 FERTILIZERS SEGMENT AND CHINA ACCOUNTED FOR LARGEST SHARES
    4.4 PHOSPHORIC ACID MARKET SIZE, PROCESS VS. REGION
          FIGURE 14 WET PROCESS LED PHOSPHORIC ACID MARKET ACROSS REGIONS
    4.5 PHOSPHORIC ACID MARKET: BY MAJOR COUNTRIES
          FIGURE 15 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN PHOSPHORIC ACID MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for phosphate fertilizers
                                FIGURE 17 WORLD PRODUCTION CAPACITY OF PHOSPHORIC ACID AVAILABLE FOR FERTILIZERS
                    5.2.1.2 Demand from food industry
                                FIGURE 18 GLOBAL DAIRY PRODUCTION, 2010-2019
                    5.2.1.3 Growing demand for phosphoric acid in fuel cells
           5.2.2 RESTRAINTS
                    5.2.2.1 Environmental concerns and increasing regulatory pressure
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Commercialization of chiral phosphoric acid as catalyst
                    5.2.3.2 Recovery of rare earth elements from phosphoric acid
                                TABLE 1 DEFENSE USES OF RARE EARTH ELEMENTS
                                TABLE 2 TOP 10 COUNTRIES PRODUCING RARE EARTH ELEMENTS, 2020 AND 2021
           5.2.4 CHALLENGES
                    5.2.4.1 Diminishing supply of phosphate
    5.3 PORTER’S FIVE FORCES ANALYSIS
          FIGURE 19 PHOSPHORIC ACID MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 3 PHOSPHORIC ACID MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 KEY STAKEHOLDERS & BUYING CRITERIA
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 20 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS
                    TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
           5.4.2 BUYING CRITERIA
                    FIGURE 21 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
                    TABLE 5 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
    5.5 MACROECONOMIC INDICATORS
           5.5.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
                    TABLE 6 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES, 2019–2027 (USD BILLION)

6 INDUSTRY TRENDS (Page No. - 65)
    6.1 SUPPLY CHAIN ANALYSIS
          FIGURE 22 PHOSPHORIC ACID MARKET: SUPPLY CHAIN
           6.1.1 RAW MATERIALS
           6.1.2 MANUFACTURERS
           6.1.3 DISTRIBUTION NETWORK
           6.1.4 END USERS
    6.2 PHOSPHORIC ACID MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          FIGURE 23 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          TABLE 7 PHOSPHORIC ACID MARKET FORECAST SCENARIO, 2019–2027 (USD MILLION)
           6.2.1 NON-COVID-19 SCENARIO
           6.2.2 OPTIMISTIC SCENARIO
           6.2.3 PESSIMISTIC SCENARIO
           6.2.4 REALISTIC SCENARIO
    6.3 PRICING ANALYSIS
           6.3.1 AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION
                    FIGURE 24 AVERAGE SELLING PRICE BY KEY PLAYERS FOR TOP 3 APPLICATIONS
                    TABLE 8 AVERAGE SELLING PRICE BY KEY PLAYERS FOR TOP 3 APPLICATIONS (USD/KG)
           6.3.2 AVERAGE SELLING PRICE, BY REGION
                    FIGURE 25 AVERAGE SELLING PRICE OF PHOSPHORIC ACID, BY REGION (USD/KG)
                    TABLE 9 AVERAGE SELLING PRICE OF PHOSPHORIC ACID, BY REGION (USD/KG)
    6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           6.4.1 REVENUE SHIFTS & POCKETS FOR PHOSPHORIC ACID MARKET
                    FIGURE 26 REVENUE SHIFT FOR PHOSPHORIC ACID MARKET
    6.5 CONNECTED MARKETS: ECOSYSTEM
          TABLE 10 PHOSPHORIC ACID MARKET: ECOSYSTEM
          FIGURE 27 PHOSPHORIC ACID: CONNECTED MARKET
    6.6 TECHNOLOGY ANALYSIS
           6.6.1 NOVAPHOS PHOSPHORIC ACID TECHNOLOGY
                    TABLE 11 BENEFITS OF NOVAPHOS PHOSPHORIC ACID TECHNOLOGY
           6.6.2 MEMBRANE-BASED TECHNOLOGY-PUMA
                    TABLE 12 BENEFITS OF MEMBRANE-BASED TECHNOLOGY-PUMA
    6.7 TRADE DATA STATISTICS
           6.7.1 IMPORT SCENARIO OF PHOSPHORIC ACID
                    FIGURE 28 IMPORT OF PHOSPHORIC ACID, BY KEY COUNTRIES (2016–2021)
                    TABLE 13 IMPORT OF PHOSPHORIC ACID, BY REGION, 2016–2021 (USD MILLION)
           6.7.2 EXPORT SCENARIO OF PHOSPHORIC ACID
                    FIGURE 29 EXPORT OF PHOSPHORIC ACID, BY KEY COUNTRIES (2016–2021)
                    TABLE 14 EXPORT OF PHOSPHORIC ACID, BY REGION, 2016–2021 (USD MILLION)
    6.8 REGULATORY LANDSCAPE
           6.8.1 REGULATIONS RELATED TO PHOSPHORIC ACID
    6.9 KEY CONFERENCES & EVENTS IN 2022–2023
          TABLE 15 PHOSPHORIC ACID MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    6.10 PATENT ANALYSIS
           6.10.1 APPROACH
           6.10.2 DOCUMENT TYPE
                     TABLE 16 TOTAL NUMBER OF PATENTS IN LAST 10 YEARS (2011–2021)
                     FIGURE 30 PATENTS REGISTERED IN PHOSPHORIC ACID MARKET, 2011–2021
                     FIGURE 31 PATENT PUBLICATION TRENDS, 2011–2021
                     FIGURE 32 LEGAL STATUS OF PATENTS FILED IN PHOSPHORIC ACID MARKET
           6.10.3 JURISDICTION ANALYSIS
                     FIGURE 33 MAXIMUM PATENTS FILED IN JURISDICTION OF CHINA
           6.10.4 TOP APPLICANTS
                     FIGURE 34 WENGFU GROUP CO. LTD REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2011 AND 2021
                     TABLE 17 PATENTS BY WENGFU GROUP CO. LTD.
                     TABLE 18 LIST OF PATENTS BY BASF SE
                     TABLE 19 LIST OF PATENTS BY GUIZHOU KAILIN GROUP CO. LTD
                     TABLE 20 TOP 10 PATENT OWNERS IN US, 2011–2021

7 PHOSPHORIC ACID MARKET, BY PROCESS TYPE (Page No. - 82)
    7.1 INTRODUCTION
          FIGURE 35 WET PROCESS TO DOMINATE PHOSPHORIC ACID MARKET DURING FORECAST PERIOD
          TABLE 21 PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2017–2020 (USD MILLION)
          TABLE 22 PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2021–2027 (USD MILLION)
          TABLE 23 PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2017–2020 (KILOTON)
          TABLE 24 PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2021–2027 (KILOTON)
    7.2 WET PROCESS
           7.2.1 EXTENSIVE USE IN FERTILIZERS
                    FIGURE 36 ASIA PACIFIC TO BE LARGEST MARKET IN WET PROCESS SEGMENT DURING FORECAST PERIOD
                    TABLE 25 PHOSPHORIC ACID MARKET SIZE IN WET PROCESS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 26 PHOSPHORIC ACID MARKET SIZE IN WET PROCESS, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 27 PHOSPHORIC ACID MARKET SIZE IN WET PROCESS, BY REGION, 2017–2020 (KILOTON)
                    TABLE 28 PHOSPHORIC ACID MARKET SIZE IN WET PROCESS, BY REGION, 2021–2027 (KILOTON)
    7.3 THERMAL PROCESS
           7.3.1 HIGH DEMAND IN PROCESSED FOOD APPLICATIONS
                    FIGURE 37 NORTH AMERICA TO BE SECOND-LARGEST MARKET IN THERMAL PROCESS SEGMENT DURING FORECAST PERIOD
                    TABLE 29 PHOSPHORIC ACID MARKET SIZE IN THERMAL PROCESS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 30 PHOSPHORIC ACID MARKET SIZE IN THERMAL PROCESS, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 31 PHOSPHORIC ACID MARKET SIZE IN THERMAL PROCESS, BY REGION, 2017–2020 (KILOTON)
                    TABLE 32 PHOSPHORIC ACID MARKET SIZE IN THERMAL PROCESS, BY REGION, 2021–2027 (KILOTON)

8 PHOSPHORIC ACID MARKET, BY APPLICATION (Page No. - 89)
    8.1 INTRODUCTION
          FIGURE 38 FERTILIZERS APPLICATION TO DOMINATE PHOSPHORIC ACID MARKET DURING FORECAST PERIOD
          TABLE 33 PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
          TABLE 34 PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
          TABLE 35 PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
          TABLE 36 PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
    8.2 FERTILIZERS
           8.2.1 USE OF AMMONIUM PHOSPHATE AND POTASSIUM PHOSPHATE FOR FERTILIZERS
                    FIGURE 39 ASIA PACIFIC TO BE LARGEST PHOSPHORIC ACID MARKET IN FERTILIZERS SEGMENT
                    TABLE 37 PHOSPHORIC ACID MARKET SIZE IN FERTILIZERS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 38 PHOSPHORIC ACID MARKET SIZE IN FERTILIZERS APPLICATION, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 39 PHOSPHORIC ACID MARKET SIZE IN FERTILIZERS APPLICATION, BY REGION, 2017–2020 (KILOTON)
                    TABLE 40 PHOSPHORIC ACID MARKET SIZE IN FERTILIZERS APPLICATION, BY REGION, 2021–2027 (KILOTON)
    8.3 FEED & FOOD PHOSPHATE
           8.3.1 DEMAND FOR DAIRY PRODUCTS IN EMERGING ECONOMIES
                    FIGURE 40 ASIA PACIFIC TO BE LARGEST MARKET IN FEED & FOOD ADDITIVES APPLICATION
                    TABLE 41 PHOSPHORIC ACID MARKET SIZE IN FEED & FOOD ADDITIVES APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 42 PHOSPHORIC ACID MARKET SIZE IN FEED & FOOD ADDITIVES APPLICATION, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 43 PHOSPHORIC ACID MARKET SIZE IN FEED & FOOD ADDITIVES APPLICATION, BY REGION, 2017–2020 (KILOTON)
                    TABLE 44 PHOSPHORIC ACID MARKET SIZE IN FEED & FOOD ADDITIVES APPLICATION, BY REGION, 2021–2027 (KILOTON)
    8.4 DETERGENTS
           8.4.1 MODERN SURFACTANTS SEGMENT TO POSITIVELY INFLUENCE MARKET GROWTH
                    FIGURE 41 ASIA PACIFIC TO BE FASTEST-GROWING PHOSPHORIC ACID MARKET IN DETERGENTS APPLICATION
                    TABLE 45 PHOSPHORIC ACID MARKET SIZE IN DETERGENTS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 46 PHOSPHORIC ACID MARKET SIZE IN DETERGENTS APPLICATION, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 47 PHOSPHORIC ACID MARKET SIZE IN DETERGENTS APPLICATION, BY REGION, 2017–2020 (KILOTON)
                    TABLE 48 PHOSPHORIC ACID MARKET SIZE IN DETERGENTS APPLICATION, BY REGION, 2021–2027 (KILOTON)
    8.5 WATER TREATMENT CHEMICALS
           8.5.1 USED FOR MAINTAINING WATER QUALITY AND WATERCOLOR
                    FIGURE 42 EUROPE TO BE THIRD-LARGEST PHOSPHORIC ACID MARKET IN WATER TREATMENT CHEMICALS APPLICATION
                    TABLE 49 PHOSPHORIC ACID MARKET SIZE IN WATER TREATMENT CHEMICALS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 50 PHOSPHORIC ACID MARKET SIZE IN WATER TREATMENT CHEMICALS APPLICATION, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 51 PHOSPHORIC ACID MARKET SIZE IN WATER TREATMENT CHEMICALS APPLICATION, BY REGION, 2017–2020 (KILOTON)
                    TABLE 52 PHOSPHORIC ACID MARKET SIZE IN WATER TREATMENT CHEMICALS APPLICATION, BY REGION, 2021–2027 (KILOTON)
    8.6 METAL FINISHING
           8.6.1 HIGH DEMAND IN ELECTROPLATING APPLICATIONS
                    FIGURE 43 NORTH AMERICA TO BE SECOND-LARGEST PHOSPHORIC ACID MARKET IN METAL FINISHING APPLICATION
                    TABLE 53 PHOSPHORIC ACID MARKET SIZE IN METAL FINISHING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 54 PHOSPHORIC ACID MARKET SIZE IN METAL FINISHING APPLICATION, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 55 PHOSPHORIC ACID MARKET SIZE IN METAL FINISHING APPLICATION, BY REGION, 2017–2020 (KILOTON)
                    TABLE 56 PHOSPHORIC ACID MARKET SIZE IN METAL FINISHING APPLICATION, BY REGION, 2021–2027 (KILOTON)
    8.7 INDUSTRIAL
           8.7.1 INDUSTRIALIZATION IN EMERGING ECONOMIES
                    FIGURE 44 ASIA PACIFIC TO BE LARGEST PHOSPHORIC ACID MARKET IN INDUSTRIAL APPLICATION
                    TABLE 57 PHOSPHORIC ACID MARKET SIZE IN INDUSTRIAL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 58 PHOSPHORIC ACID MARKET SIZE IN INDUSTRIAL APPLICATION, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 59 PHOSPHORIC ACID MARKET SIZE IN INDUSTRIAL APPLICATION, BY REGION, 2017–2020 (KILOTON)
                    TABLE 60 PHOSPHORIC ACID MARKET SIZE IN INDUSTRIAL APPLICATION, BY REGION, 2021–2027 (KILOTON)
    8.8 OTHERS
          FIGURE 45 NORTH AMERICA TO BE SECOND LARGEST MARKET IN OTHER APPLICATIONS
          TABLE 61 PHOSPHORIC ACID MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
          TABLE 62 PHOSPHORIC ACID MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2021–2027 (USD MILLION)
          TABLE 63 PHOSPHORIC ACID MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2020 (KILOTON)
          TABLE 64 PHOSPHORIC ACID MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2021–2027 (KILOTON)

9 PHOSPHORIC ACID MARKET, BY REGION (Page No. - 108)
    9.1 INTRODUCTION
          FIGURE 46 ASIA PACIFIC TO BE FASTEST-GROWING PHOSPHORIC ACID MARKET DURING FORECAST PERIOD
          TABLE 65 PHOSPHORIC ACID MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 66 PHOSPHORIC ACID MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
          TABLE 67 PHOSPHORIC ACID MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
          TABLE 68 PHOSPHORIC ACID MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
    9.2 ASIA PACIFIC
          FIGURE 47 ASIA PACIFIC: PHOSPHORIC ACID MARKET SNAPSHOT
           9.2.1 ASIA PACIFIC PHOSPHORIC ACID MARKET, BY PROCESS TYPE
                    TABLE 69 ASIA PACIFIC: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2017–2020 (USD MILLION)
                    TABLE 70 ASIA PACIFIC: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2021–2027 (USD MILLION)
                    TABLE 71 ASIA PACIFIC: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2017–2020 (KILOTON)
                    TABLE 72 ASIA PACIFIC: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2021–2027 (KILOTON)
           9.2.2 ASIA PACIFIC PHOSPHORIC ACID MARKET, BY APPLICATION
                    TABLE 73 ASIA PACIFIC: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 74 ASIA PACIFIC: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    TABLE 75 ASIA PACIFIC: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 76 ASIA PACIFIC: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
           9.2.3 ASIA PACIFIC PHOSPHORIC ACID MARKET, BY COUNTRY
                    TABLE 77 ASIA PACIFIC: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 78 ASIA PACIFIC: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 79 ASIA PACIFIC: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 80 ASIA PACIFIC: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                    9.2.3.1 China
                               9.2.3.1.1 High consumption of fertilizers
                                              TABLE 81 CHINA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 82 CHINA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 83 CHINA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 84 CHINA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.2.3.2 India
                               9.2.3.2.1 Increasing fertilizers and phosphoric acid imports
                                              TABLE 85 INDIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 86 INDIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 87 INDIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 88 INDIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.2.3.3 Australia
                               9.2.3.3.1 Increasing demand for meat and meat products
                                              TABLE 89 AUSTRALIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 90 AUSTRALIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 91 AUSTRALIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 92 AUSTRALIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.2.3.4 Indonesia
                               9.2.3.4.1 Increasing food & beverage exports
                                              TABLE 93 INDONESIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 94 INDONESIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 95 INDONESIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 96 INDONESIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.2.3.5 Pakistan
                               9.2.3.5.1 Rise in agricultural output
                                              TABLE 97 PAKISTAN: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 98 PAKISTAN: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 99 PAKISTAN: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 100 PAKISTAN: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
    9.3 NORTH AMERICA
          FIGURE 48 NORTH AMERICA: PHOSPHORIC ACID MARKET SNAPSHOT
           9.3.1 NORTH AMERICA PHOSPHORIC ACID MARKET, BY PROCESS TYPE
                    TABLE 101 NORTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2017–2020 (USD MILLION)
                    TABLE 102 NORTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2021–2027 (USD MILLION)
                    TABLE 103 NORTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2017–2020 (KILOTON)
                    TABLE 104 NORTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2021–2027 (KILOTON)
           9.3.2 NORTH AMERICA PHOSPHORIC ACID MARKET, BY APPLICATION
                    TABLE 105 NORTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 106 NORTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    TABLE 107 NORTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 108 NORTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
           9.3.3 NORTH AMERICA PHOSPHORIC ACID MARKET, BY COUNTRY
                    TABLE 109 NORTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 110 NORTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 111 NORTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 112 NORTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                    9.3.3.1 US
                               9.3.3.1.1 Continuous population growth and improving living standards
                                              TABLE 113 US: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 114 US: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 115 US: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 116 US: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.3.3.2 Canada
                               9.3.3.2.1 Well-established agriculture industry
                                              TABLE 117 CANADA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 118 CANADA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 119 CANADA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 120 CANADA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.3.3.3 Mexico
                               9.3.3.3.1 Growing food industry
                                              TABLE 121 MEXICO: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 122 MEXICO: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 123 MEXICO: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 124 MEXICO: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
    9.4 EUROPE
          FIGURE 49 EUROPE: PHOSPHORIC ACID MARKET SNAPSHOT
           9.4.1 EUROPE: PHOSPHORIC ACID MARKET, BY PROCESS TYPE
                    TABLE 125 EUROPE: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2017–2020 (USD MILLION)
                    TABLE 126 EUROPE: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2021–2027 (USD MILLION)
                    TABLE 127 EUROPE: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2017–2020 (KILOTON)
                    TABLE 128 EUROPE: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2021–2027 (KILOTON)
           9.4.2 EUROPE: PHOSPHORIC ACID MARKET, BY APPLICATION
                    TABLE 129 EUROPE: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 130 EUROPE: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    TABLE 131 EUROPE: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 132 EUROPE: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
           9.4.3 EUROPE: PHOSPHORIC ACID MARKET, BY COUNTRY
                    TABLE 133 EUROPE: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 134 EUROPE: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 135 EUROPE: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 136 EUROPE: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                    9.4.3.1 Russia
                               9.4.3.1.1 Government initiatives and increasing purchasing power of farmers
                                              TABLE 137 RUSSIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 138 RUSSIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 139 RUSSIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 140 RUSSIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.4.3.2 France
                               9.4.3.2.1 Extensive fertile soils, moderate climate, and sufficient rainfall sui                                              TABLE for agriculture
                                              TABLE 141 FRANCE: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 142 FRANCE: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 143 FRANCE: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 144 FRANCE: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.4.3.3 Turkey
                               9.4.3.3.1 Strong government incentives for businesses
                                              TABLE 145 TURKEY: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 146 TURKEY: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 147 TURKEY: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 148 TURKEY: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.4.3.4 Poland
                               9.4.3.4.1 Depletion of arable land to increase use of fertilizers
                                              TABLE 149 POLAND: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 150 POLAND: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 151 POLAND: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 152 POLAND: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.4.3.5 Spain
                               9.4.3.5.1 Growing processed food consumption
                                              TABLE 153 SPAIN: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 154 SPAIN: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 155 SPAIN: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 156 SPAIN: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
    9.5 MIDDLE EAST & AFRICA
           9.5.1 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET, BY PROCESS TYPE
                    TABLE 157 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2017–2020 (USD MILLION)
                    TABLE 158 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2021–2027 (USD MILLION)
                    TABLE 159 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2017–2020 (KILOTON)
                    TABLE 160 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2021–2027 (KILOTON)
           9.5.2 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET, BY APPLICATION
                    TABLE 161 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 162 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    TABLE 163 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 164 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
           9.5.3 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET, BY COUNTRY
                    TABLE 165 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 166 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 167 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 168 MIDDLE EAST & AFRICA: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                    9.5.3.1 Saudi Arabia
                               9.5.3.1.1 Government initiatives to reduce dependency on oil to support fertilizer production
                                              TABLE 169 SAUDI ARABIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 170 SAUDI ARABIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 171 SAUDI ARABIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 172 SAUDI ARABIA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.5.3.2 Morocco
                               9.5.3.2.1 Increased trading with key countries
                                              TABLE 173 MOROCCO: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 174 MOROCCO: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 175 MOROCCO: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 176 MOROCCO: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.5.3.3 Egypt
                               9.5.3.3.1 Nationwide focus on land retrieval for agricultural development
                                              TABLE 177 EGYPT: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 178 EGYPT: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 179 EGYPT: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 180 EGYPT: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
    9.6 SOUTH AMERICA
           9.6.1 SOUTH AMERICA: PHOSPHORIC ACID MARKET, BY PROCESS TYPE
                    TABLE 181 SOUTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2017–2020 (USD MILLION)
                    TABLE 182 SOUTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2021–2027 (USD MILLION)
                    TABLE 183 SOUTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2017–2020 (KILOTON)
                    TABLE 184 SOUTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY PROCESS TYPE, 2021–2027 (KILOTON)
           9.6.2 SOUTH AMERICA: PHOSPHORIC ACID MARKET, BY APPLICATION
                    TABLE 185 SOUTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 186 SOUTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    TABLE 187 SOUTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 188 SOUTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
           9.6.3 SOUTH AMERICA: PHOSPHORIC ACID MARKET, BY COUNTRY
                    TABLE 189 SOUTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 190 SOUTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 191 SOUTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 192 SOUTH AMERICA: PHOSPHORIC ACID MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                    9.6.3.1 Brazil
                               9.6.3.1.1 Economic growth to drive demand for phosphoric acid
                                              TABLE 193 BRAZIL: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 194 BRAZIL: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 195 BRAZIL: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 196 BRAZIL: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    9.6.3.2 Argentina
                               9.6.3.2.1 Increased use in food & beverages
                                              TABLE 197 ARGENTINA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 198 ARGENTINA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                                              TABLE 199 ARGENTINA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 200 ARGENTINA: PHOSPHORIC ACID MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)

10 COMPETITIVE LANDSCAPE (Page No. - 173)
     10.1 INTRODUCTION
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS
             TABLE 201 OVERVIEW OF STRATEGIES ADOPTED BY KEY PHOSPHORIC ACID MANUFACTURERS
     10.3 MARKET SHARE ANALYSIS
             10.3.1 RANKING OF KEY MARKET PLAYERS, 2021
                        FIGURE 50 RANKING OF TOP 5 PLAYERS IN PHOSPHORIC ACID MARKET, 2021
             10.3.2 MARKET SHARE OF KEY PLAYERS
                        TABLE 202 PHOSPHORIC ACID MARKET: DEGREE OF COMPETITION
                        FIGURE 51 OCP GROUP S.A. LED PHOSPHORIC ACID MARKET IN 2021
                        10.3.2.1 OCP group S.A.
                        10.3.2.2 The mosaic company
                        10.3.2.3 PhosAgro group of companies
                        10.3.2.4 ICL group ltd.
                        10.3.2.5 Nutrien ltd.
             10.3.3 REVENUE ANALYSIS OF TOP 5 PLAYERS
                        FIGURE 52 REVENUE ANALYSIS OF KEY COMPANIES IN LAST 5 YEARS
     10.4 COMPANY PRODUCT FOOTPRINT ANALYSIS
             FIGURE 53 PHOSPHORIC ACID MARKET: COMPANY FOOTPRINT
                        TABLE 203 PHOSPHORIC ACID MARKET: APPLICATION FOOTPRINT
                        TABLE 204 PHOSPHORIC ACID MARKET: COMPANY REGION FOOTPRINT
     10.5 COMPANY EVALUATION QUADRANT (TIER 1)
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PARTICIPANTS
                        FIGURE 54 COMPANY EVALUATION QUADRANT FOR PHOSPHORIC ACID MARKET (TIER 1)
     10.6 COMPETITIVE BENCHMARKING
             TABLE 205 PHOSPHORIC ACID MARKET: DETAILED LIST OF KEY START-UPS/SMES
             TABLE 206 PHOSPHORIC ACID MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     10.7 START-UPS/SMES EVALUATION QUADRANT
             10.7.1 PROGRESSIVE COMPANIES
             10.7.2 RESPONSIVE COMPANIES
             10.7.3 STARTING BLOCKS
                        FIGURE 55 START-UP/SME EVALUATION QUADRANT FOR PHOSPHORIC ACID MARKET
     10.8 COMPETITIVE SCENARIOS & TRENDS
             10.8.1 DEALS
                        TABLE 207 PHOSPHORIC ACID MARKET: DEALS (2018–2022)
             10.8.2 OTHER DEVELOPMENTS
                        TABLE 208 PHOSPHORIC ACID MARKET: EXPANSIONS, INVESTMENTS, AND INNOVATIONS (2018–2022)

11 COMPANY PROFILES (Page No. - 188)
(Business overview, Products offered, Recent Developments, MNM view)*
     11.1 MAJOR PLAYERS
             11.1.1 ICL GROUP LTD.
                        FIGURE 56 ICL GROUP LTD.: COMPANY SNAPSHOT
                        TABLE 209 ICL GROUP LTD.: COMPANY OVERVIEW
             11.1.2 OCP GROUP S.A.
                        FIGURE 57 OCP GROUP S.A.: COMPANY SNAPSHOT
                        TABLE 210 OCP GROUP S.A.: COMPANY OVERVIEW
             11.1.3 ARKEMA SA
                        FIGURE 58 ARKEMA SA: COMPANY SNAPSHOT
                        TABLE 211 ARKEMA SA: COMPANY OVERVIEW
             11.1.4 SOLVAY SA
                        FIGURE 59 SOLVAY SA: COMPANY SNAPSHOT
                        TABLE 212 SOLVAY SA: COMPANY OVERVIEW
             11.1.5 THE MOSAIC COMPANY
                        FIGURE 60 THE MOSAIC COMPANY: COMPANY SNAPSHOT
                        TABLE 213 THE MOSAIC COMPANY: COMPANY OVERVIEW
             11.1.6 NUTRIEN LTD.
                        FIGURE 61 NUTRIEN LTD.: COMPANY SNAPSHOT
                        TABLE 214 NUTRIEN LTD.: COMPANY OVERVIEW
             11.1.7 EUROCHEM GROUP AG
                        FIGURE 62 EUROCHEM GROUP AG: COMPANY SNAPSHOT
                        TABLE 215 EUROCHEM GROUP AG: COMPANY OVERVIEW
             11.1.8 PHOSAGRO GROUP OF COMPANIES
                        TABLE 216 PHOSAGRO GROUP OF COMPANIES: COMPANY OVERVIEW
             11.1.9 IFFCO
                        TABLE 217 IFFCO: COMPANY OVERVIEW
             11.1.10 MA’ADEN
                        FIGURE 63 MA’ADEN: COMPANY SNAPSHOT
                        TABLE 218 MA’ADEN: COMPANY OVERVIEW
     11.2 KEY MARKET PLAYERS
             11.2.1 PRAYON GROUP
                        TABLE 219 PRAYON GROUP: COMPANY OVERVIEW
             11.2.2 ADITYA BIRLA GROUP
                        TABLE 220 ADITYA BIRLA GROUP: COMPANY OVERVIEW
             11.2.3 WENGFU GROUP CO., LTD.
                        TABLE 221 WENGFU GROUP CO., LTD.: COMPANY OVERVIEW
             11.2.4 INNOPHOS
                        TABLE 222 INNOPHOS: COMPANY OVERVIEW
             11.2.5 J. R. SIMPLOT COMPANY
                        TABLE 223 J. R. SIMPLOT COMPANY: COMPANY OVERVIEW
             11.2.6 JORDAN PHOSPHATE MINES COMPANY (PLC)
                        TABLE 224 JORDAN PHOSPHATE MINES COMPANY (PLC): COMPANY OVERVIEW
             11.2.7 AGROPOLYCHIM AD
                        TABLE 225 AGROPOLYCHIM AD: COMPANY OVERVIEW
             11.2.8 CHAMBAL FERTILISERS AND CHEMICALS LIMITED
                        TABLE 226 CHAMBAL FERTILISERS AND CHEMICALS LIMITED: COMPANY OVERVIEW
             11.2.9 DESMET BALLESTRA SPA
                        TABLE 227 DESMET BALLESTRA SPA: COMPANY OVERVIEW
             11.2.10 THE FERTILISERS AND CHEMICALS TRAVANCORE LIMITED
                        TABLE 228 THE FERTILISERS AND CHEMICALS TRAVANCORE LIMITED: COMPANY OVERVIEW
             11.2.11 GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED (GSFC)
                        TABLE 229 GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED (GSFC): COMPANY OVERVIEW
             11.2.12 PARADEEP PHOSPHATES LTD. (PPL)
                        TABLE 230 PARADEEP PHOSPHATES LTD. (PPL): COMPANY OVERVIEW
             11.2.13 VEDANTA LIMITED
                        TABLE 231 VEDANTA LIMITED: COMPANY OVERVIEW
             11.2.14 INDUSTRIAL CHEMICAL SOLUTIONS SP. Z.O.O (ICS)
                        TABLE 232 INDUSTRIAL CHEMICAL SOLUTIONS SP. Z.O.O (ICS): COMPANY OVERVIEW

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

12 ADJACENT & RELATED MARKETS (Page No. - 222)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 PHOSPHATE & DERIVATIVES MARKET
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
             12.3.3 PHOSPHATES& DERIVATIVES MARKET, BY REGION
                        TABLE 233 PHOSPHATE & DERIVATIVES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION)
                        TABLE 234 PHOSPHATE & DERIVATIVES MARKET SIZE, BY REGION, 2014–2021 (KILOTON)
                        12.3.3.1 Asia Pacific
                                      TABLE 235 ASIA PACIFIC: PHOSPHATE & DERIVATIVES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION)
                                      TABLE 236 ASIA PACIFIC: PHOSPHATE & DERIVATIVES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON)
                        12.3.3.2 North America
                                      TABLE 237 NORTH AMERICA: PHOSPHATE & DERIVATIVES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION)
                                      TABLE 238 NORTH AMERICA: PHOSPHATE & DERIVATIVES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON)
                        12.3.3.3 Europe
                                      TABLE 239 EUROPE: PHOSPHATE & DERIVATIVES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION)
                                      TABLE 240 EUROPE: PHOSPHATE & DERIVATIVES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON)
                        12.3.3.4 Middle East & Africa
                                      TABLE 241 MIDDLE EAST & AFRICA: PHOSPHATE & DERIVATIVES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION)
                                      TABLE 242 MIDDLE EAST & AFRICA: PHOSPHATE & DERIVATIVES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON)
                        12.3.3.5 South America
                                      TABLE 243 SOUTH AMERICA: PHOSPHATE & DERIVATIVES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION)
                                      TABLE 244 SOUTH AMERICA: PHOSPHATE & DERIVATIVES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON)

13 APPENDIX (Page No. - 229)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 CUSTOMIZATION OPTIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities in estimating the market size for the phosphoric acid market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The phosphoric acid market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of fertilizers, food, industrial, water treatment and other industries. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Phosphoric Acid Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the phosphoric acid market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry were identified through extensive secondary research.

  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the food, pharmaceuticals, cosmetics, among other industries.

Report Objectives

  • To analyze and forecast the size of the phosphoric acid market in terms of value and volume
  • To provide detailed information regarding key factors, such as drivers, restraints, challenges and opportunities influencing the growth of the market
  • To define, describe, and segment the phosphoric acid market based on process type, and application.  
  • To forecast the size of the market segments for regions such as North America, Europe, Asia Pacific, Middle East & Africa and South America.  
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

Further breakdown of a region with respect to a particular country or additional application

Company Information

Detailed analysis and profiles of additional market players (up to five)

Report Code
CH 8160
Published ON
Aug, 2022
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