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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?
For any questions related to Phosphoric Acid Market, Phosphoric Acid Market Size, Phosphoric Acid Market Growth, Phosphoric Acid Market Analysis, Phosphoric Acid Market Report, Phosphoric Acid Market Share, Phosphoric Acid Market Trends, Phosphoric Acid Market Forecast, Phosphoric Acid Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Phosphoric Acid Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Phosphoric Acid Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Phosphoric Acid Market by Source Type
3.3.1: Wet Process
3.3.2: Thermal Process
3.4: Global Phosphoric Acid Market by Application
3.4.1: Fertilizer
3.4.2: Feed & Food Additives
3.4.3: Detergents
3.4.4: Water Treatment Chemical
3.4.5: Metal Treatment
3.4.6: Industrial Use
3.4.7: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Phosphoric Acid Market by Region
4.2: North American Phosphoric Acid Market
4.2.2: North American Phosphoric Acid Market by Application: Fertilizer, Feed & Food Additives, Detergents, Water Treatment Chemical, Metal Treatment, Industrial Use, and Others
4.3: European Phosphoric Acid Market
4.3.1: European Phosphoric Acid Market by Source Type: Wet Process and Thermal Process
4.3.2: European Phosphoric Acid Market by Application: Fertilizer, Feed & Food Additives, Detergents, Water Treatment Chemical, Metal Treatment, Industrial Use, and Others
4.4: APAC Phosphoric Acid Market
4.4.1: APAC Phosphoric Acid Market by Source Type: Wet Process and Thermal Process
4.4.2: APAC Phosphoric Acid Market by Application: Fertilizer, Feed & Food Additives, Detergents, Water Treatment Chemical, Metal Treatment, Industrial Use, and Others
4.5: ROW Phosphoric Acid Market
4.5.1: ROW Phosphoric Acid Market by Source Type: Wet Process and Thermal Process
4.5.2: ROW Phosphoric Acid Market by Application: Fertilizer, Feed & Food Additives, Detergents, Water Treatment Chemical, Metal Treatment, Industrial Use, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Phosphoric Acid Market by Source Type
6.1.2: Growth Opportunities for the Global Phosphoric Acid Market by Application
6.1.3: Growth Opportunities for the Global Phosphoric Acid Market by Region
6.2: Emerging Trends in the Global Phosphoric Acid Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Phosphoric Acid Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Phosphoric Acid Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ICL
7.2: OCP
7.3: The Mosaic
7.4: Nutrien
7.5: Eurochem
7.6: Phosagro
7.7: IFFCO
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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