Phosphoric Acid Market | Global Industry Report 2025 Phosphoric Acid Market | Industry Analysis 2025

Global Phosphoric acid Market was Valued at US$ XX Mn in 2017, Surge in demand for
agriculture.
Analyst Speak:
“ The Global Phosphoric acid Market was valued around US$ XX Mn by 2017 and growing at a
significant CAGR over seven years forecast period 2018-2024 owing to increase in the demand for
phosphate based fertilizers, food and beverage industries, rapid industrialization, increased water treatment
programs and increasing demand for phosphoric acid in different fields.
Precision Business Insights (PBI) in its report titled “Global Phosphoric acid Market: Market Estimation,
Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the
market performance over seven years forecast period over 2018-2024. The report analyses the market value
forecast and provides the strategic insights into the market driving factors, challenges that are hindering the
market revenue growth over forecast period.
The global phosphoric acid market was valued at US$ XX Mn in 2017 and increasing at a significant CAGR
over the forecast timeframe owing to surge in the agriculture, technological advancements in different fields
which utilizes phosphoric acid, government initiatives to prevent water pollution which causes damage to
the environment, and advanced services of top phosphoric acid companies are expected to drive the global
phosphoric acid market. However, the harmful effects of phosphoric acid on living beings and environment
high cost of preparation of phosphoric acid and development of genetically modified seeds and plants are
anticipated to hinder the revenue share of global phosphoric acid market.
Global phosphoric acid market segmented on the basis of process, application, grade, end user and region
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Fertilizer Industry Dominates the Global Phosphoric acid Market
Based on the end user, global phosphoric acid market segmented into fertilizer, medical, food & beverage,
electronics, and others. Fertilizer industry dominated the global phosphoric acid market in 2017 and
estimated to dominate over the forecast period owing to rise in demand for agricultural products, increased
focus on agriculture in most of the countries and increased government care towards farmers and agriculture
surge the market over the forecast years. However, a faster growth rate observed in food & beverages
industry because of increasing demand.
Asia Pacific leads the Global Phosphoric acid Market
PBI’s global phosphoric acid market report analyses the market in different regions such as North America,
Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, Asia
pacific accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024
owing to the population of farmers, high demand for agriculture, high demand for food & beverage industry,
increase in water treatment plants and programs initiated by the government propel the market. Middle East
and Latin America phosphoric acid market projected to exhibit significant growth due to increasing demand
of phosphoric acid in various industries like industrial, medical, and home cleaning. However, the effects
of phosphoric acid on human skin and environment is declining the global phosphoric acid market.