DELRAY BEACH, Fla., Sept. 6, 2025/ PRNewswire/– The report “ Phosphoric Acid Market by Process Type (Wet, Thermal), Application (Fertilizers, Feed & & Food Additives, Detergents, Water Treatment Chemicals, Metal Treatment, Industrial Usage), and Area – Worldwide Projection to 2030″, phosphoric acid market size was USD 112.03 billion in 2024 and is forecasted to reach USD 142.14 billion in 2030, at a CAGR of 4.06%, in between 2025 and 2030.
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280 – Tables
60 – Figures
259 – Pages
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Phosphoric acid remains in high need since of its tactical worth in the fertilizer sector, where it is an important feedstock for phosphate-based fertilizers that underpin international food yields and farm effectiveness. Its multi-industrial applications likewise make it an essential input into higher-value markets like food and beverage processing, pharmaceuticals, water treatment, and commercial production. With increasing population needs, the requirement for increased crop yields and commercial applications, need still surpasses supply, putting phosphoric acid on the high-value product list in farming and commercial supply chains.
The damp procedure type is forecasted to be the fastest-growing section of the international phosphoric acid market in regards to worth throughout the projection duration.
The damp procedure section is anticipated to accomplish the greatest CAGR in the international phosphoric acid market, in regards to worth, throughout the projection duration due to its cost-effectiveness, scalability, and supremacy in producing fertilizer-grade acid. This procedure, which includes responding phosphate rock with water down sulfuric acid, represent the majority of the world’s phosphoric acid production, generally for making diammonium phosphate (DAP) and monoammonium phosphate (MAP) fertilizers. The damp procedure is progressively utilized over the more pricey thermal procedure in emerging economies, which have growing need for farming items and need effective, massive production. Its capability to provide high-volume, price-sensitive markets makes it an essential motorist in the market’s development.
Feed & & food ingredients were the second-largest application section of the international phosphoric acid market, in regards to worth, in 2024.
Feed & & food ingredients represented the second-largest application of the international phosphoric acid market in regards to worth in 2024, and this can be credited to the increasing need for processed food, drinks, and animal feed which contain nutrients. Phosphoric acid matters as an acidulant, flavorant, and preservative in the food market, in animal nutrition, and as a source of calcium phosphates to assist support animal health and efficiency. The development in this section is supported by the increasing international meat intake market, dietary variations connected to the urbanization phenomenon, and the increased requirements of food security. The development of the customer market and the unavoidable practical existence of phosphoric acid in the market ensure the ongoing efficiency of this application in regards to ongoing sustainability as a significant source of profits to manufacturers.
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The United States And Canada was the third-largest area in the international phosphoric acid market in regards to worth in 2024.
The United States And Canada was the third-largest local market of phosphoric acid by worth in 2024 due to the recognized fertilizer market in the area, strong need for acidulants in the drink and food sector, along with lowly changing intake in commercial usages like water treatment and metal ending up. The area has high production facilities, robust circulation systems, and vertically incorporated manufacturers of phosphate items, specifically in the United States and Canada Nonetheless, the marketplace growth is cushioned versus maturity, stringent ecological laws, and the risk of more affordable manufacturers in the emerging markets that put The United States And Canada in a fairly steady, however rather steady, development pattern in the international phosphoric acid market.
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Secret Gamers
The crucial gamers profiled in the report consist of OCP Group ( Morocco), The Mosaic Business (United States), PJSC PhosAgro ( Russia), ICL Group Ltd ( Israel), Nutrien Ltd. ( Canada), EuroChem Group AG ( Switzerland), Innophos (United States), Solvay SA ( Belgium), Ma’aden ( Saudi Arabia), and IFFCO ( India).
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