According to the [185+ Pages PDF] research report, global Phosphoric Acid market was estimated at USD 45 Billion in 2019 and is expected to reach USD 60 Billion by 2026. The global Phosphoric Acid market is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2020 to 2027.

New York, NY, Nov. 08, 2020 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Phosphoric Acid Market By Process Type (Wet Process, Thermal Process, and Others), By Grade (Food Grade, and Technical Grade), By Fertilizer Type (Mono-Ammonium Phosphate (MAP), Diammonium Phosphate (DAP), and Triple Superphosphate (TSP)) By Application (Home Cleaning Agents, and Fertilizer Chemicals), and End User (Electronics, Beverage, Medical, Food, Fertilizer, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.

According to the research study, the global Phosphoric Acid market was estimated at USD 45 Billion in 2019 and is expected to reach USD 60 Billion by 2026. The global Phosphoric Acid market is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2020 to 2027.

Phosphoric acid is predominantly obtained by the phosphate rocks. Phosphate rocks can be obtained to form colorless Phosphoric acid.

The rise in the global population is driving demand for food which is anticipated to propel the growth of the fertilizer industry. The growth of the fertilizer market is boosting the demand for phosphoric acid.

Browse through 91 Tables & 174 Figures spread over 185+ Pages and in-depth TOC on “Global Phosphoric Acid Market Size & Share 2020 by Type, Applications, Demand, Analysis and Forecast to 2026”.

Request Free Sample Report of Global Phosphoric Acid Market @ https://www.fnfresearch.com/sample/phosphoric-acid-market

The phosphoric acid market is segmented based on process type, grade, application, fertilizer type, and end-user. Based on process type segmentation, the market is classified into a wet process, thermal process, and others. The wet process is the most common method of producing phosphoric acid and the acid produced from the wet process can be directly utilized by the fertilizer industry. Based on the grade market is split into a food-grade and technical grade. Food grade phosphoric acid is estimated to gain traction in the coming period. The demand from the agriculture industry is fueling the demand for food-grade acid. In terms of Application segmentation, the market is divided into home cleaning agents, and fertilizer chemicals.  

Fertilizer chemicals may generate significant demand for phosphoric acid. The growing population across the globe is surging demand for food which is estimated to create a bolstering demand for fertilizers. Further, on the basis of Fertilizer type Market is segmented into mono-ammonium phosphate (MAP), diammonium phosphate (DAP), and triple superphosphate (TSP). Based on the end-user industry market is split into electronics, beverage, medical, food, fertilizer, and others.

Inquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/phosphoric-acid-market

The Phosphoric Acid market research report delivers an acute valuation and taxonomy of the Phosphoric Acid industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

The Phosphoric Acid market is segmented based on process type, grade, application, fertilizer type, and end-user.  On the basis of process type segmentation, the market is classified into a wet process, thermal process, and others. Based on the grade market is split into the food-grade and technical grade. In terms of Application segmentation, the market is divided into home cleaning agents, and fertilizer chemicals. Further, on the basis of Fertilizer type Market is segmented into mono-ammonium phosphate (MAP), diammonium phosphate (DAP), and triple superphosphate (TSP). Based on the end-user industry market is split into electronics, beverage, medical, food, fertilizer, and others.

Regional Analysis: Asia Pacific market is estimated to dominate the market

Based on the regional segmentation market is split into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Asia Pacific market is estimated to dominate the market with around 50% of the market share. The growth of the agriculture industry within a region along with the availability of the raw materials in the region is propelling production as well as consumption in the market. On the other hand, due to the strict regulations for the fertilizer industry market may witness slower growth.

Browse the full “Phosphoric Acid Market By Process Type (Wet Process, Thermal Process, and Others), By Grade (Food Grade, and Technical Grade), By Fertilizer Type (Mono-Ammonium Phosphate (MAP), Diammonium Phosphate (DAP), and Triple Superphosphate (TSP)) By Application (Home Cleaning Agents, and Fertilizer Chemicals), and End User (Electronics, Beverage, Medical, Food, Fertilizer, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/phosphoric-acid-market

Top Market Manufacturers

Some of the essential players operating in the Phosphoric Acid market, but not restricted to include Kazphosphate LIC, Prayon, PJSC PhosAgro, Acron OAO, Yara International, Israel Chemical, Eurochem, OJSC Phosagro, Argium, Nutrien, Potash Corp., CF Industries, OCP, Innophos Holdings, IFFCO, Laxness, Yuntianhua Group, Foskor, Solvay-Rhodia, Italmatch Chemicals, Jordan Phosphate Mines, Chemische Fabric Budenheim, Saudi-Arabian Mining Company, Vale, United Phosphorus, and The Mosaic Company. The Phosphoric acid market is fragmented in nature. The large number of players operating in the market making the market competitive. In terms of buying power, the buyers are having a hold on the market. The higher buying power is dominating the supplier power of the market. The leading players of the phosphoric acid are focused on mergers and acquisitions to increase their market share.

Request Customized Copy of Report @ https://www.fnfresearch.com/customization/phosphoric-acid-market

(We customize your report according to your research need. Ask our sales team for report customization.)

This report segments the Phosphoric Acid market as follows:

Global Phosphoric Acid Market: By Process Type Segmentation Analysis

• Wet Process
• Thermal Process
• Others

Global Phosphoric Acid Market: By Grade Segmentation Analysis

• Food Grade
• Technical Grade

Global Phosphoric Acid Market: By Application Segmentation Analysis

• Mono-Ammonium Phosphate (MAP)
• Diammonium Phosphate (DAP)
• Triple Superphosphate (TSP)

Global Phosphoric Acid Market: By Fertilizer Type Segmentation Analysis

• Mono-Ammonium Phosphate (MAP)
• Diammonium Phosphate (DAP)
• Triple Superphosphate (TSP)

Global Phosphoric Acid Market: By End User Segmentation Analysis

• Electronics
• Beverage
• Medical
• Food
• Fertilizer
• Others

Global Phosphoric Acid Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa

Rest of Middle East & Africa

Key Insights from Primary Research

• From the primary research conducted by our analysts, fertilizer and food are the prominent end-user industries to tap.
• In line with the response collected from the primary respondent, the global phosphoric acid market is estimated to grow at a CAGR of around 4 percent.
• The market was at around USD 45 billion in 2019 and it is estimated to cross approximately USD 60 billion by 2026.
• However, the growth of the fertilizer is estimated to be followed by the food, medical, and beverage industry
• The Asia Pacific is projected to acquire a major contribution to the market with a market share of more than 50 percent.

Browse More Related Reports:

• Magnesium Oxide Market, 2020-2026: https://www.fnfresearch.com/magnesium-oxide-market
• Agricultural Biologicals Market, 2020-2026: https://www.fnfresearch.com/agricultural-biologicals-market-by-product-type-biopesticides-biostimulants-1323
• Cosmetic Ingredients Market, 2020-2026: https://www.fnfresearch.com/cosmetic-ingredients-market-by-type-surfactants-conditioning-polymers-1305
• C9 Solvent Market, 2020-2026: https://www.fnfresearch.com/c9-solvent-market-by-type-benzene-124-trimethyl-1298
• Isoparaffin Market, 2020-2026: https://www.fnfresearch.com/isoparaffin-market-by-type-c10-isoparaffin-c11-isoparaffin-1291

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Follow Us LinkedIn https://www.linkedin.com/company/fnfresearch

Follow Us Twitter: https://twitter.com/fnfresearch

Contact Us:

Facts & Factors

A 2108, Sargam,

Nanded City,

Sinhagad Road,

Pune 411041, India

USA: +1-347-989-3985

Email: sales@fnfresearch.com

Web: https://www.fnfresearch.com

Blog: http://fnfnewsblog.com