Phosphoric Acid Market Trends, Revenue, Key Players, Share Analysis and Forecast to 2027 – The Manomet Current

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One of the major factors influencing the growth of the market is the increasing demand for phosphoric acid in the manufacture of fertilizers.

The Global Phosphoric Acid Market is expected to reach $ 41.20 billion by 2027, according to a new report from Reports and Data. The market growth is attributed to the increasing application of phosphoric acid among the end user industries.

A significant portion of the phosphoric acid produced worldwide is used in the production of fertilizers. It is mainly converted into three phosphate salts, namely diammonium hydrogen phosphate (DAP), monoammonium dihydrogen phosphate (MAP) and triple superphosphate (TSP), which are in great demand by the agricultural industry as a fertilizer. Phosphorus is a vital nutrient for plants and is taken up by plant roots, usually as a dihydrogen phosphate ion derived from phosphoric acid.

Phosphoric acid in the food industry is used as a food additive. It is used to function as a preservative or to impart a strong flavor to food products. It is most often consumed by carbonated drinks. He is responsible for the particular taste of colas. Additionally, many bottled teas, punches, sports drinks and fruit flavored drinks contain phosphoric acid. Phosphoric acid salts find application in several dairy products to alter proteins and change the pH value to produce a better quality product.

Market Snapshot:

The increased deployment of digital technologies by materials and chemicals companies to improve efficiency gains and increase reliability are key factors driving trends in the materials and chemicals industry. Industry players are allocating huge budgets for advanced sensing and automation machines to improve operations optimization.

The materials and chemicals are used in various end-use industries such as manufacturing, medicine and pharmacy, automotive, food technology, among others. New product launches, technological advancements, the growing variety of consumer demand for everyday items, and increasing automation in the industry will result in major revenue gains in the years to come. In addition, increased consumer awareness of energy efficiency and associated demand for sustainable products will drive the market growth during the forecast period.

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Top companies featured in the report:

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.

Regional perspectives

Asia-Pacific is expected to continue to be one of the largest and fastest growing phosphoric acid markets in the world. The growing demand for manufacturing and exporting over the past decade has led several large global companies not only to make huge investments in the region’s materials and chemicals sector, but also to establish their own base of manufacturing in the region to increase their presence in this emerging market.

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Global Phosphoric Acid Market Segmentation:

Production Method Outlook (Volume, Kilotons; 2016-2027 and Revenue, USD Million; 2016-2027)

  • Wet process
  • Thermal process
  • Dry oven process

To note Outlook (Volume, Kilotons; 2016-2027 and Revenue, USD Million; 2016-2027)

  • Electronic level
  • Food grade
  • Technical level

The regional analysis covers:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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Frequently asked questions addressed in the report:

  • What is the projected growth rate of the global phosphoric acid market during the forecast period?
  • What are the latest trending factors influencing the growth of the market?
  • What are the major factors driving the growth of the global phosphoric acid market?
  • What are the existing risks and challenges in the industry?
  • What are the results of the SWOT analysis and Porter’s five forces analysis conducted in the report?

Thanks for reading our report. For report customization, contact Reports and Data for an analyst briefing. Our report offers actionable industry insights to help clients and investors understand market dynamics and formulate strategic investment plans.

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