Global Phosphoric Acid Market is growing with factors such as considerable use of phosphoric acid for the production of phosphate fertilizers and growing usage of phosphoric acid in medical applications and pharmaceutical industries also acts as a major factor for the growth of the market. Increasing use as a food additive in the food & beverage industry has also given a bloom to the global Phosphoric acid market.
Significant innovation and new product launches have propelled the demand of the market. However, stringent government regulations for phosphoric acid have decreased the demand of the market.
Global Phosphoric Acid Market Scenario
According to Data Bridge Market Research, the market for global phosphoric acid in Asia-Pacific has the highest market share followed by North America and Europe. Market leader is OCP which accounts an estimated market share of approximately 10.00% in the global market. The company has gained outstanding sale by providing novel phosphoric acid.
- In August 2020, OCP has launched the building of a new plant for the production of purified phosphoric acid, through their subsidiary Euro Maroc Phosphore (EMAPHOS)
This launch has helped the company to increase the production capacity of the company.
Trends Impacting the Market
Now the question is which other regions OCP, ICL, and Nutrien Ltd. are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific phosphoric acid market and the market leaders are targeting China to be their next pocket revenue for 2021.
The Phosphoric acid market is becoming more competitive with companies like J.R. Simplot Company., Brenntag North America, Inc., Arkema, Innophos, Spectrum Chemical, Solvay, Merck KGaA, Prayon S.A., YPH, Clariant AG, Jordan Phosphate Mines Company (PLC), and Quadra Chemicals. These are the top dominating companies in phosphoric acid market and have launched novel services and consumables in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the global phosphoric acid market.
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Phosphoric Acid Market Developments 2021
- In July 2021, nutrient signed three-year Purified Phosphoric Acid (“PPA”) supply agreement with Innophos Holdings, Inc. This agreement has helped the company in the business expansion. In September 2020, Clariant AG has launched a new and innovative phosphate ester offering outstanding performance and superior sustainability in metal working fluid formulations. This product launch has helped the company to widen its product portfolio
Scope of the Phosphoric Acid Market
The phosphoric acid market is segmented into process type, application, form and grid. On the basis of process type, the phosphoric acid market is segmented into wet process and thermal process, on the basis of form, the phosphoric acid market is segmented into solid and liquid, on the basis of grade, the phosphoric acid market is segmented into technical grade, food grade and feed grade, on the basis of application the phosphoric acid market is segmented into food and beverages, animal feed, personal care, chemical manufacturing, leather and textile, cleaning agents, ceramics and refractories, agricultural fertilizers, metallurgy, water treatment, construction, mining, semiconductors, oral and dental care, pharmaceuticals and others.
To know more about the study https://www.databridgemarketresearch.com/reports/global-phosphoric-acid-market
Key Pointers Covered in Phosphoric Acid Market Industry Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
- Market value and over view of Phosphoric acid market
- Company profiling of top eight players of Phosphoric acid market
Key Market Competitors Covered in the Report
- Nutrien Ltd.
- OCP
- J.R. Simplot Company.
- Brenntag North America, Inc.
- Arkema
- ICL
- Innophos
- Spectrum Chemical
- Solvay
- Merck KGaA
- Prayon S.A.
- YPH
- Clariant AG
- Jordan Phosphate Mines Company (PLC)
- Quadra Chemicals.
Above are the key players covered in the report, to know about more and exhaustive list of Phosphoric acid companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-phosphoric-acid-market
Research Methodology: Global Phosphoric Acid Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturer, Pathologists, Healthcare Industry, Scientists, Research Laboratories
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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