Phosphoric Acid Market Size, Share, and Trends 2024 to 2034

The global phosphoric acid market size accounted for USD 51.83 billion in 2024, grew to USD 54.21 billion in 2025 and is projected to surpass around USD 81.26 billion by 2034, representing a healthy CAGR of 4.60% between 2024 and 2034.

  • Last Updated : October 2023
  • Report Code : 3348
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Phosphoric Acid Market 

5.1. COVID-19 Landscape: Phosphoric Acid Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Phosphoric Acid Market, By Process Type

8.1. Phosphoric Acid Market Revenue and Volume, by Process Type, 2024-2034

8.1.1. Wet Process

8.1.1.1. Market Revenue and Volume Forecast (2021-2034)

8.1.2. Thermal Process

8.1.2.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 9. Global Phosphoric Acid Market, By Application

9.1. Phosphoric Acid Market Revenue and Volume, by Application, 2024-2034

9.1.1. Fertilizers

9.1.1.1. Market Revenue and Volume Forecast (2021-2034)

9.1.2. Feed and Food Additives

9.1.2.1. Market Revenue and Volume Forecast (2021-2034)

9.1.3. Detergents

9.1.3.1. Market Revenue and Volume Forecast (2021-2034)

9.1.4. Water Treatment Chemicals

9.1.4.1. Market Revenue and Volume Forecast (2021-2034)

9.1.5. Metal Treatments

9.1.5.1. Market Revenue and Volume Forecast (2021-2034)

9.1.5. Others

9.1.5.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 10. Global Phosphoric Acid Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.1.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.1.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.1.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.2.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.2.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.2.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.2.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.2.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.3.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.3.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.3.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.3.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.4.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.4.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.4.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.4.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.5.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Process Type (2021-2034)

10.5.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)

Chapter 11. Company Profiles

11.1. The Mosaic Company

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. OCP Group

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Innophos Holdings, Inc.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Nutrien Ltd.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Israel Chemicals Ltd.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Prayon Group

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Solvay S.A.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. EuroChem Group AG

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. PotashCorp (Potash Corporation of Saskatchewan Inc.)

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Jordan Phosphate Mines Company PLC

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global phosphoric acid market size is expected to increase USD 81.26 billion by 2034 from USD 51.83 billion in 2024.

The global phosphoric acid market will register growth rate of 4.6% between 2024 and 2034.

The major players operating in the phosphoric acid market are The Mosaic Company, OCP Group, Innophos Holdings, Inc., Nutrien Ltd., Israel Chemicals Ltd., Prayon Group, Solvay S.A., EuroChem Group AG, PotashCorp (Potash Corporation of Saskatchewan Inc.), Jordan Phosphate Mines Company PLC, Chemische Fabrik Budenheim KG, Wengfu Group, Yuntianhua Group Co., Ltd., Reade Advanced Materials, and Others.

The driving factors of the phosphoric acid market are the agricultural demand propels market demand in the phosphoric acid market and and increasing beverage industry.

Asia Pacific region will lead the global phosphoric acid market during the forecast period 2024 to 2034.

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