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Global Phosphoric Acid Market 2017-2021

Global Phosphoric Acid Market 2017-2021

About Phosphoric Acid

Phosphoric acid is a colorless and odorless phosphorous-containing inorganic mineral acid. It is used in medicine, dentistry, fertilizer manufacturing, and many other applications. It belongs to a class of non-metal phosphates and acts as a sequestering agent that binds many divalent cations. The molecules of phosphoric acid combine with themselves and form various compounds. Phosphoric acid is available as a clear-colorless liquid and transparent crystalline solid. It is commonly known as orthophosphoric acid or phosphoric(V) acid.

Technavio’s analysts forecast the global phosphoric acid market to grow at a CAGR of 2.21% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global phosphoric acid market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • North America
  • APAC
  • Europe
  • ROW
Technavio's report, Global Phosphoric Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • The Mosaic Company
  • OCP
  • PhosAgro
  • PotashCorp
  • Sinofert Holdings
Other prominent vendors
  • Acron
  • Agrium
  • Arkema
  • CF Industries Holdings
  • EUROCHEM
  • GCT
  • Guizhou Kailin
  • IFFCO
  • ICL
  • Jordan Phosphates Mines Company
  • Maaden
  • URALCHEM
  • Vale
  • WengFu Group
  • Yara
Market driver
  • Subsidies for sale of fertilizers in developing economies
  • For a full, detailed list, view our report
Market challenge
  • Increased adoption of genetically modified (GM) seeds
  • For a full, detailed list, view our report
Market trend
  • Increased foreign investments and joint ventures
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Phosphoric Acid Market 2017-2021

Technavio recognizes the following companies as the key players in the global phosphoric acid market: The Mosaic Company, OCP, PhosAgro, PotashCorp, and Sinofert Holdings.

Other Prominent Vendors in the market are: Acron, Agrium, Arkema, CF Industries Holdings, EUROCHEM, GCT, Guizhou Kailin, IFFCO, ICL, Jordan Phosphates Mines Company, Maaden, URALCHEM, Vale, WengFu Group, and Yara.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased foreign investments and joint ventures. Key players attract foreign investments and enter joint ventures to remain competitive. The key vendors are mostly vertically integrated and find the sources for the raw materials. JVs help vendors procure raw materials. Many countries are scaling up their investments in phosphate mining and phosphate-based fertilizer manufacturing plants. Governments of various nations and vendors across regions collaborate and set up plants for manufacturing fertilizers or obtaining phosphate rock supplies for the production of phosphoric acid which is the intermediate product between phosphate rocks and phosphate fertilizers.”

According to the report, one of the major drivers for this market is Subsidies for sale of fertilizers in developing economies. In most of the countries in sub-Saharan Africa and Southeast Asia, the market prices of fertilizers are strictly regulated by import duties and subsidies. Agrarian economies, for instance, India and Bangladesh are deficient in potash reserves and phosphate rocks. Therefore, these countries import fertilizers and feedstocks. This results in huge price disruptions in the market and affects the purchase of fertilizers by farmers.

Further, the report states that one of the major factors hindering the growth of this market is Increased adoption of genetically modified (GM) seeds. GM seeds are modified at the DNA level using genetic engineering. GM crops produce high yield and are pest resistant. These super variant crops have reduced the consumption of pesticides and fertilizers. Currently, around 440 million acres of land are cultivated using GM seeds, and the agricultural lands that use GM seeds are increasing by 4% (YoY). Generally, the cultivated crops using GM seeds include soybean, cotton, canola, and maize. With the rising trend in the use of GM seeds for agriculture, the demand for fertilizers would decrease by 15% in 2020.

Companies Mentioned

The Mosaic Company, OCP, PhosAgro, PotashCorp, Sinofert Holdings, Acron, Agrium, Arkema, CF Industries Holdings, EUROCHEM, GCT, Guizhou Kailin, IFFCO, ICL, Jordan Phosphates Mines Company, Maaden, URALCHEM, Vale, WengFu Group, and Yara.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Applications of phosphoric acid and its derivatives
      • Table Value chain of phosphoric acid
      • Table Wet acid production process
      • Table Thermal acid production process
  • Market landscape
    • Market overview
      • Table Global phosphoric acid market: An overview
    • Market size and forecast
      • Table Global phosphoric acid market 2016 and 2021 (million tons)
      • Table Global phosphoric acid market 2016-2021
      • Table Global phosphoric acid market 2016 and 2021 ($ billions)
      • Table Global phosphoric acid market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global phosphoric acid market by application
      • Table Global phosphoric acid market by application 2016 (% share of volume)
      • Table Global phosphoric acid market by application 2021 (% share of volume)
    • Global phosphoric acid market in the fertilizers segment
      • Table Global phosphoric acid market in the fertilizers segment 2016 and 2021 (milliontons)
      • Table Global phosphoric acid market in the fertilizers segment 2016-2021
      • Table Applications of fertilizers in agriculture
    • Global phosphoric acid market in the food additives segment
      • Table Global phosphoric acid market in the food additives segment 2016 and 2021 (milliontons)
      • Table Global phosphoric acid market in the food additives segment 2016-2021
      • Table Applications of food grade phosphates
    • Global phosphoric acid market in the animal feed segment
      • Table Global phosphoric acid market in the animal feed segment 2016 and 2021 (milliontons)
      • Table Global phosphoric acid market in the animal feed segment 2016-2021
    • Global phosphoric acid market in the others segment
      • Table Global phosphoric acid market in the others segment 2016 and 2021 (million tons)
      • Table Global phosphoric acid market in the others segment 2016-2021
      • Table Applications of technical grade phosphates
  • Geographical segmentation
    • Global phosphoric acid market by geography
      • Table Global phosphoric acid market by geography 2016 (% share of volume)
      • Table Global phosphoric acid market by geography 2021 (% share of volume)
      • Table Global phosphoric acid market by geography 2017-2021 (% share of volume)
    • Phosphoric acid market in APAC
      • Table Phosphoric acid market in APAC 2016 and 2021 (million tons)
      • Table Phosphoric acid market in APAC 2016-2021
    • Phosphoric acid market in Europe
      • Table Phosphoric acid market in Europe 2016 and 2021 (million tons)
      • Table Phosphoric acid market in Europe 2016-2021
    • Phosphoric acid market in North America
      • Table Phosphoric acid market in North America 2016 and 2021 (million tons)
      • Table Phosphoric acid market in North America 2016-2021
    • Phosphoric acid market in ROW
      • Table Phosphoric acid market in ROW 2016 and 2021 (million tons)
      • Table Phosphoric acid market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global demand for phosphate fertilizers 2015-2017 (thousand tons)
      • Table Global phosphate fertilizer consumption 2016 (% share by type)
      • Table Agricultural land 2004-2016 (% of land area)
      • Table Global distribution of phosphate rock reserves 2016 (% share)
    • Market challenges
  • Market trends
    • Increased foreign investments and joint ventures
    • Increasing production capacity of fertilizer manufacturers through expansion
    • Liberalization and gradual phasing out of subsidy schemes
    • Introduction of organic phosphate fertilizers
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key market vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • The Mosaic Company
      • Table The Mosaic Company: Business segmentation by revenue 2016 (% share)
      • Table The Mosaic Company: Geographical segmentation by revenue 2016 (% share)
    • OCP
      • Table OCP: Business segmentation by revenue 2016 (% share)
      • Table OCP: Geographical segmentation by revenue 2016 (% share)
    • PhosAgro
      • Table PhosAgro: Business segmentation by revenue 2016
      • Table PhosAgro: Geographical segmentation by revenue 2016 (% share)
    • PotashCorp
      • Table PotashCorp: Business segmentation by revenue 2016 (% share)
      • Table PotashCorp: Geographical segmentation by revenue 2016
    • Sinofert Holdings
      • Table Sinofert Holdings: Business segmentation by revenue 2016 (% share)
      • Table Sinofert Holdings: Geographical segmentation by revenue 2016 (% share)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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