The regional market for phosphoric acid and its phosphate derivatives is mainly dominated by Asia Pacific and this trend is expected to
continue in the next six years. The establishment of Asian countries, especially China and India, as the manufacturing base for several raw
materials and application products is the main reason behind the growth of phosphoric acid and its phosphate derivatives market in the
Asia Pacific region. Apart from Asia Pacific, markets in the regions such as the Middle East, Africa and Latin America are growing at an
astounding rate.
The phosphoric acid market in the countries in these regions such as Brazil, Argentina, South Africa, Algeria, Sudan, Nigeria, Jordan, Saudi
Arabia, Egypt, Iran, Yemen, Bahrain, Qatar, Kuwait and Israel are anticipated to grow at a rapid rate in the next few years. Moreover, the
North American and European markets are predicted to generate strong demand for phosphoric acid as these markets are gradually
recovering from the economy crisis. Owing to such positive prospects, the global phosphoric acid market is expected to maintain an
excellent growth rate in the future.
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Some of the major companies operating in the global phosphoric acid market are Acron OAO, Agr