Phosphoric Acid Market

18 May

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Phosphoric Acid Market Poised to Grow at a CAGR of 3.5% by 2024: Infinium Global Research

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Phosphoric Acid Market. The report presents an analysis of global as well as regional markets of a phosphoric acid market over the period of 2016 to 2024.


The Phosphoric acid is a crystalline corrosive inorganic acid with chemical formula H3PO4. It is produced by two industrial methods, wet and thermal. The phosphoric acid is also known as Orthophosphoric acid or o-Phosphoric acid. The phosphoric acid is the non-toxic, colorless acid and generally available in the solid form at room temperature. The Phosphoric acid is the second most used inorganic acid after sulfuric acid. The phosphoric acid produced from the wet process is used in fertilizer production whereas, thermally produced phosphoric acid is used in the formation of high-grade chemicals, pharmaceuticals, food and beverages, and other non-fertilizer products. Triple superphosphate (TSP), diammonium hydrogen phosphate (DAP) and monoammonium dihydrogen phosphate (MAP) are three types of fertilizers that can be derived from the phosphoric acid


The rapidly growing demand of phosphoric acid to form the phosphate fertilizers and government subsidies on fertilizers are the primary factors driving the growth of Phosphoric acid market. Fertilizers play an important role in crop production. As the population is increasing worldwide, the demand for food will also increase, which in turn creates the demand for fertilizers. However, the harmful impact of Phosphoric acid on the environment and the human body is restraining the market growth of Phosphoric acid as the usage of Phosphoric acid affects the water system and the human body. Alternatively, the ongoing awareness about the use of Phosphoric acid to improve the quality of crops among the farmers is anticipated to create several opportunities in Phosphoric acid market in upcoming years.


Among the regions, Asia Pacific dominates the market of Phosphoric acid. In the Asia-pacific region, the use of Phosphoric acid to manufacture various products including fertilizers, food additives chemicals and so on is rising rapidly among countries like China and India. In addition, strong favorable agricultural conditions in Asian countries to create a huge demand for phosphoric acid in this region. The Middle East and Latin American countries are expected to grow at a fast pace during the forecast period


Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global phosphoric acid market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for the forecast period of 2018-2024.

 

Get 15% discount for early purchase of global phosphoric acid market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1351

 

The recent report identified that dominated the global phosphoric acid market over the last couple of years while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the phosphoric acid market worldwide.

 

The report segments the global phosphoric acid market on the basis of Applications.

 

Global Phosphoric Acid Market by Applications

·         Fertilizers

·         Food Additives

·         Animal Feed

·         Other

 

Companies Profiled in the Report

·         PhosAgro

·         PotashCorp

·         The Mosaic Company

·         Sinofert Holdings

·         OCP

·         Argium inc.

·         Israel Chemical Ltd.

·         United Phosphorus Ltd.

·         Innophos Holdings Inc.

·         Mosaic Company,

·         Prayon S.A.

·         Solvay


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.