OCP, ICL, and Nutrien Ltd. are expected to Dominate the Global Phosphoric Acid Market in 2021

Global Phosphoric Acid Market is expected to grow with the CAGR of 4.2% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global phosphoric acid is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global phosphoric acid are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

  • 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

OCP is the dominating player in global phosphoric acid. The other key players existing in the market are are Nutrien Ltd, 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), and Quadra Chemicals. among others.

Phosphoric Acid MarketOCP

OCP is headquartered in Morocco and was established in 1920. OCP Group is a phosphate rock miner, phosphoric acid manufacturer, and phosphate fertilizer producer. The company has several product & service categories including providing customization process, raw materials, fertilizers, animal feed additives in which raw materials is the market focused category.

For instance,

  • 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

The company has wide presence across North America, South America Asia-Pacific, Europe, and Middle East and Africa. The company also has various subsidiary companies Jacobs Engineering SA (US), Phosphates de Boucraa S.A. (Morocco), Cerphos (Morocco), SAFTCO S.A (USA), and Prayon S.A. (Belgium) amongst others.

ICL

ICL was founded in the year 1968 and is headquartered in Beer Sheva, Israel. The company is focused in developing, producing, and marketing fertilizers, metals, and other special-purpose chemical products. The company operates its business via several business segments including industrial products segment, potash, phosphate solutions, innovative ag solutions in which phosphate solutions is the market focused segment.

The company has product categories which are Chemical Manufacturing, General, Metal, Mining, Pulp and Paper Industry, Emission Control, Electronics and Electricity, Rubber and Plastic among others in which chemical manufacturing is the market focused category.

The company has presence across Asia-Pacific, Europe, Middle East and Africa, South America, and North America. The company also has various subsidiaries including ICL Brasil Ltda. (Brazil), Everris (Netherlands), ICL Industrial Products Ltd.(Israel), Dead Sea factories (Israel), and ICL Specialty Fertilizers (USA) amongst others.

Nutrien Ltd.

Nutrien Ltd. was founded in the year 2018 and is headquartered in Saskatoon, Canada. The company focuses on production and distribution of potash, nitrogen, and phosphate products for agricultural, industrial, and feed customers world-wide. The company operates its business via several business segments including potash, nitrogen, and phosphate. In which phosphate is the market focused segment.

The company has product categories which are feed, fertilizer, industrial, metal finishing, purified acid in which fertilizer, industrial and purified acid is the market focused category.

For instance,

  •  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.

The company has presence across Asia-Pacific, Europe, Middle East and Africa, South America, and North America. The company also has various subsidiaries including Agrium (Canada), Agrichem do Brasil S.A. (Brazil), PCS Sales (USA), Inc (USA), PCS Phosphate Company, Inc (USA), and Agrible, Inc. (USA) amongst others.