Growing Demand For Phosphoric Acid In The Making Of Fertilizers Is One Of The Significant Factors Influencing The Market Growth.
The global Phosphoric Acid Market is expected to reach USD 41.20 Billion by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the growing application of phosphoric acid among the end-user industries.
A significant portion of phosphoric acid produced worldwide is used in the production of fertilizers. It is primarily converted into three phosphate salts, namely diammonium hydrogen phosphate (DAP), monoammonium dihydrogen phosphate (MAP), and triple superphosphate (TSP), which are in high demand from the agriculture industry as fertilizers. Phosphorus is a vital plant nutrient and is absorbed by plant roots, generally as the dihydrogen phosphate ion derived from phosphoric acid.
Get a sample copy of the global Phosphoric Acid market report: https://www.reportsanddata.com/sample-enquiry-form/2650
Further key findings from the report suggest:
Top Companies: Innopho Holdings Inc., Eurochem, Mosaic Company, Argium Inc., United Phosphorous Ltd., Solvay-Rhodia, CF Industries Holdings Inc., Israel Chemical Ltd., Vale SA, and laxness AG, among others.
By production method, wet process contributed to the largest market share in 2018. The major portion of phosphoric acid is produced by deploying the wet-process method, and the phosphoric acid made from this process is utilized in fertilizer production.
By grade, the food-grade phosphoric is likely to grow at a faster rate in the forecast period.
By distribution channel, the online distribution channel is estimated to observe a faster growth rate of 4.1% in the period 2019-2027.
By industry vertical, the agriculture industry dominated the market with around 90% of the market share in 2018 and is likely to experience a CAGR of 2.1% in the forecast period.
The market in the Asia Pacific region held the largest market in 2018 and is projected to witness a growth rate of 2.8% in the forecast period. Growth of the agriculture industry in developing countries, including China and India, and a rise in the level of disposable income, among others, are the factors responsible for the growth of the market in the region.
Regional Outlook
The key regions covered in the report are as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report: https://www.reportsanddata.com/report-detail/phosphoric-acid-market
Market Segmentation:
Production Method Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Wet Process
- Thermal Process
- Dry Kiln Process
Grade Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Electronic Grade
- Food grade
- Technical Grade
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Online
- Offline
Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Agriculture
- Food Beverage
- Pharmaceutical
- Electronics
- Water Treatment
- Others
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/2650
Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Phosphoric Acid market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Phosphoric Acid market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Phosphoric Acid market key players
3.2 Global Phosphoric Acid size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Phosphoric Acid market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
Browse More Reports:
Long Fiber Thermoplastics Market
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports
