This Phosphoric Acid report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The phosphoric acid market size has grown strongly in recent years. It will grow from $52.17 billion in 2024 to $55.34 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to growth in food and beverage industries, production of phosphate-based chemicals, water treatment and purification applications, metal surface treatment processes, demand in pharmaceuticals and dentistry.
The phosphoric acid market size is expected to see strong growth in the next few years. It will grow to $72.28 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to expansion of renewable energy storage, development of lithium-ion batteries, increase in demand for industrial-grade phosphoric acid, water resource management and treatment, adoption in pharmaceutical manufacturing. Major trends in the forecast period include green and sustainable phosphoric acid production, phosphoric acid for wastewater nutrient removal, hydrogen production using phosphoric acid, advanced dental applications with phosphoric acid, phosphoric acid for clean energy storage.
The significant rise in demand for Di-ammonium Phosphate (DAP) fertilizers is a key factor contributing to the growth of the phosphoric acid market. DAP is among the water-soluble ammonium phosphate salts produced when ammonia reacts with phosphoric acid. Phosphoric acid plays a crucial role in fertilizer production, forming triple superphosphate (TSP), monoammonium phosphate (MAP), and diammonium phosphate (DAP) when combined with finely ground phosphate. The World Bank reports a 23% increase in DAP prices due to heightened demand from farmers globally. Consequently, the growing demand for DAP fertilizers propels the phosphoric acid market.
Anticipated growth in the food and beverage industry is expected to drive the phosphoric acid market. This industry encompasses various activities related to the production, processing, packaging, distribution, and retailing of food and drink items. Phosphoric acid is utilized in food and beverages to regulate acidity levels in carbonated drinks, jams, jellies, and canned foods, influencing taste and preservation. In 2021, the USDA Rural Development reported $467.2 billion in food and beverage sales, and a report by Kirin Holdings Company Limited highlighted a global beer consumption of 185.6 million kiloliters in 2021, indicating a 4% increase. The rising demand in the food and beverage industry is a driving force for the phosphoric acid market.
Technological innovations are a significant trend gaining traction in the phosphoric acid market. Companies in the phosphoric acid sector are consistently developing new technologies and advanced products to boost their market share. For example, in August 2024, researchers at Saitama University, a national university in Japan, achieved a power conversion efficiency of 20.5% in a thin-film perovskite solar cell by incorporating fluorinated phosphoric acid (TPFP) into the precursor solution for the absorber. This enhancement improves passivation at the interface between the perovskite film and the hole transport layer. This innovative solar cell eliminates the need for traditional surface treatments and post-processing steps, demonstrating improved efficiency, reduced hysteresis, and the potential for use in large-area deposition techniques.
Major companies in the phosphoric acid market are innovating products for use in animal feeds. The development of animal nutrition with phosphoric acid involves improving dietary phosphorus availability to support healthy growth and skeletal development in animals. Phosphea launched HumIPHORA in April 2022, an organic mineral and type of phosphate that provides mineral phosphorus, controls the antinutritional effect of calcium, and forms complexes when combined with other nutrients like proteins, orthophosphates, or phytic acid.
In July 2022, INEOS Capital Limited, a UK-based manufacturer of specialty and intermediate chemicals, entered into three agreements with SINOPEC valued at $7 billion. These deals are designed to substantially improve INEOS' petrochemical production capabilities and technology in China, seizing growth opportunities in the rapidly expanding market while utilizing proprietary technologies in partnership with SINOPEC. SINOPEC is a China-based oil and gas company that also produces phosphoric acid.
Major companies operating in the phosphoric acid market include The Mosaic Company, PJSC PhosAgro, Prayon S.A., EuroChem Group AG, OJSC Phosagro, Israel Chemicals Ltd., Yara International, OCP S.A., Yuntianhua Group, Fertiliser and Chemicals Travancore Ltd., Kazphosphate LIC, Solvay S.A., Innophos Holdings Inc., Jordan Phosphate Mines Company, Chemische Fabrik Budenheim KG, Abu Qir Fertilizers and Chemical Industries Company, J.R. Simplot Company, Nutrien Ltd., Haifa Chemicals Ltd., Wengfu Group, Rotem Amfert Negev, Fertiberia S.A., Chemische Fabrik WIBARCO GmbH, Sichuan Chuantou Energy Co. Ltd., Acron Group, Nutrien Ltd., ICL Food Specialties.
Asia-Pacific was the largest region in the phosphoric acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phosphoric acid market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the phosphoric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
The phosphoric acid market research report is one of a series of new reports that provides phosphoric acid market statistics, including phosphoric acid industry global market size, regional shares, competitors with 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 scenarios of the industry.
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.
This product will be delivered within 3-5 business days.
The phosphoric acid market size has grown strongly in recent years. It will grow from $52.17 billion in 2024 to $55.34 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to growth in food and beverage industries, production of phosphate-based chemicals, water treatment and purification applications, metal surface treatment processes, demand in pharmaceuticals and dentistry.
The phosphoric acid market size is expected to see strong growth in the next few years. It will grow to $72.28 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to expansion of renewable energy storage, development of lithium-ion batteries, increase in demand for industrial-grade phosphoric acid, water resource management and treatment, adoption in pharmaceutical manufacturing. Major trends in the forecast period include green and sustainable phosphoric acid production, phosphoric acid for wastewater nutrient removal, hydrogen production using phosphoric acid, advanced dental applications with phosphoric acid, phosphoric acid for clean energy storage.
The significant rise in demand for Di-ammonium Phosphate (DAP) fertilizers is a key factor contributing to the growth of the phosphoric acid market. DAP is among the water-soluble ammonium phosphate salts produced when ammonia reacts with phosphoric acid. Phosphoric acid plays a crucial role in fertilizer production, forming triple superphosphate (TSP), monoammonium phosphate (MAP), and diammonium phosphate (DAP) when combined with finely ground phosphate. The World Bank reports a 23% increase in DAP prices due to heightened demand from farmers globally. Consequently, the growing demand for DAP fertilizers propels the phosphoric acid market.
Anticipated growth in the food and beverage industry is expected to drive the phosphoric acid market. This industry encompasses various activities related to the production, processing, packaging, distribution, and retailing of food and drink items. Phosphoric acid is utilized in food and beverages to regulate acidity levels in carbonated drinks, jams, jellies, and canned foods, influencing taste and preservation. In 2021, the USDA Rural Development reported $467.2 billion in food and beverage sales, and a report by Kirin Holdings Company Limited highlighted a global beer consumption of 185.6 million kiloliters in 2021, indicating a 4% increase. The rising demand in the food and beverage industry is a driving force for the phosphoric acid market.
Technological innovations are a significant trend gaining traction in the phosphoric acid market. Companies in the phosphoric acid sector are consistently developing new technologies and advanced products to boost their market share. For example, in August 2024, researchers at Saitama University, a national university in Japan, achieved a power conversion efficiency of 20.5% in a thin-film perovskite solar cell by incorporating fluorinated phosphoric acid (TPFP) into the precursor solution for the absorber. This enhancement improves passivation at the interface between the perovskite film and the hole transport layer. This innovative solar cell eliminates the need for traditional surface treatments and post-processing steps, demonstrating improved efficiency, reduced hysteresis, and the potential for use in large-area deposition techniques.
Major companies in the phosphoric acid market are innovating products for use in animal feeds. The development of animal nutrition with phosphoric acid involves improving dietary phosphorus availability to support healthy growth and skeletal development in animals. Phosphea launched HumIPHORA in April 2022, an organic mineral and type of phosphate that provides mineral phosphorus, controls the antinutritional effect of calcium, and forms complexes when combined with other nutrients like proteins, orthophosphates, or phytic acid.
In July 2022, INEOS Capital Limited, a UK-based manufacturer of specialty and intermediate chemicals, entered into three agreements with SINOPEC valued at $7 billion. These deals are designed to substantially improve INEOS' petrochemical production capabilities and technology in China, seizing growth opportunities in the rapidly expanding market while utilizing proprietary technologies in partnership with SINOPEC. SINOPEC is a China-based oil and gas company that also produces phosphoric acid.
Major companies operating in the phosphoric acid market include The Mosaic Company, PJSC PhosAgro, Prayon S.A., EuroChem Group AG, OJSC Phosagro, Israel Chemicals Ltd., Yara International, OCP S.A., Yuntianhua Group, Fertiliser and Chemicals Travancore Ltd., Kazphosphate LIC, Solvay S.A., Innophos Holdings Inc., Jordan Phosphate Mines Company, Chemische Fabrik Budenheim KG, Abu Qir Fertilizers and Chemical Industries Company, J.R. Simplot Company, Nutrien Ltd., Haifa Chemicals Ltd., Wengfu Group, Rotem Amfert Negev, Fertiberia S.A., Chemische Fabrik WIBARCO GmbH, Sichuan Chuantou Energy Co. Ltd., Acron Group, Nutrien Ltd., ICL Food Specialties.
Asia-Pacific was the largest region in the phosphoric acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phosphoric acid market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the phosphoric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
The phosphoric acid market research report is one of a series of new reports that provides phosphoric acid market statistics, including phosphoric acid industry global market size, regional shares, competitors with 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 scenarios of the industry.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Phosphoric Acid Market Characteristics3. Phosphoric Acid Market Trends and Strategies4. Phosphoric Acid Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Phosphoric Acid Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Phosphoric Acid Market34. Recent Developments in the Phosphoric Acid Market
5. Global Phosphoric Acid Growth Analysis and Strategic Analysis Framework
6. Phosphoric Acid Market Segmentation
7. Phosphoric Acid Market Regional and Country Analysis
8. Asia-Pacific Phosphoric Acid Market
9. China Phosphoric Acid Market
10. India Phosphoric Acid Market
11. Japan Phosphoric Acid Market
12. Australia Phosphoric Acid Market
13. Indonesia Phosphoric Acid Market
14. South Korea Phosphoric Acid Market
15. Western Europe Phosphoric Acid Market
16. UK Phosphoric Acid Market
17. Germany Phosphoric Acid Market
18. France Phosphoric Acid Market
19. Italy Phosphoric Acid Market
20. Spain Phosphoric Acid Market
21. Eastern Europe Phosphoric Acid Market
22. Russia Phosphoric Acid Market
23. North America Phosphoric Acid Market
24. USA Phosphoric Acid Market
25. Canada Phosphoric Acid Market
26. South America Phosphoric Acid Market
27. Brazil Phosphoric Acid Market
28. Middle East Phosphoric Acid Market
29. Africa Phosphoric Acid Market
30. Phosphoric Acid Market Competitive Landscape and Company Profiles
31. Phosphoric Acid Market Other Major and Innovative Companies
35. Phosphoric Acid Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Phosphoric Acid Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on 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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Description
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? The phosphoric acid market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, 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.
- 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- 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. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- 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 trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Calcium Phosphate; Sodium Tripolyphosphate; Potassium Phosphate; Other Types2) by Grade: Food; Agricultural; Industrial
3) by Process Type: Furnace Process; Dry Kiln Process; Other Process Types
4) by End-User: Fertilizer; Food and Beverages; Chemicals; Medicine; Metallurgy; Other End-Users
Subsegments:
1) by Calcium Phosphate: Dicalcium Phosphate (DCP); Tricalcium Phosphate (TCP); Monocalcium Phosphate (MCP)2) by Sodium Tripolyphosphate: Food Grade Sodium Tripolyphosphate; Industrial Grade Sodium Tripolyphosphate
3) by Potassium Phosphate: Monopotassium Phosphate (MKP); Diphosphate (DKP); Tripotassium Phosphate (TKP)
4) by Other Types: Ammonium Phosphate; Sodium Phosphate; Phosphoric Acid Esters
Key Companies Mentioned: the Mosaic Company; PJSC PhosAgro; Prayon S.a.; EuroChem Group AG; OJSC Phosagro
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; 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 Segmentation: 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.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Phosphoric Acid market report include:- The Mosaic Company
- PJSC PhosAgro
- Prayon S.A.
- EuroChem Group AG
- OJSC Phosagro
- Israel Chemicals Ltd.
- Yara International
- OCP S.A.
- Yuntianhua Group
- Fertiliser and Chemicals Travancore Ltd.
- Kazphosphate LIC
- Solvay S.A.
- Innophos Holdings Inc.
- Jordan Phosphate Mines Company
- Chemische Fabrik Budenheim KG
- Abu Qir Fertilizers and Chemical Industries Company
- J.R. Simplot Company
- Nutrien Ltd.
- Haifa Chemicals Ltd.
- Wengfu Group
- Rotem Amfert Negev
- Fertiberia S.A.
- Chemische Fabrik WIBARCO GmbH
- Sichuan Chuantou Energy Co. Ltd.
- Acron Group
- Nutrien Ltd.
- ICL Food Specialties
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 55.34 Billion |
| Forecasted Market Value ( USD | $ 72.28 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
