India Phosphoric Acid Comprehensive Techno-Commercial Market Analysis and Forecast, 2013-2030
Phosphoric acid demand in India stood at 4,948 KTPA in 2018 and is projected to grow at a CAGR of 5.96% during 2019-2030 to reach 8,773 KTPA by 2030. Growing consumption of phosphoric acid can be attributed to rising demand for fertilizers to meet increasing food demand in the country. Moreover, use of phosphoric acid across various applications such as sugar industry and refining sector is increasing. Growing consumption of phosphoric acid by major fertilizer manufacturing units in states such as Gujarat and Maharashtra is stimulating demand for large quantities of phosphoric acid. Additionally, expanding fertilizer production capacity is further likely to fuel growth in India phosphoric acid market during forecast period.
Years Considered for this Report:
Historical Years: 2013 – 2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020 – 2030
Objective of the Study:
- The primary objective of the study was to evaluate and forecast phosphoric acid capacity, production, demand, inventory, and demand – supply gap in India.
- To categorize phosphoric acid demand based on type, grade, region and sales channel.
- To study trade dynamics and company share in India phosphoric acid market.
- To identify major customers of phosphoric acid in India.
- To evaluate and forecast phosphoric acid pricing by grade in India.
- To identify and profile major companies operating in India phosphoric acid market.
- To identify major developments, deals and expansion plans in India phosphoric acid market.
Some of the major players operating in India phosphoric acid market are Gujarat State Fertilizers & Chemical Limited, IFFCO, Pradeep Phosphates, etc.
To extract data for India phosphoric acid market, primary research surveys were conducted with phosphoric acid manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, TechSci Research analyzed various end user segments and projected a positive outlook for India phosphoric acid market over the coming years.
TechSci Research calculated phosphoric acid demand in India analyzing the historical data and demand forecast was carried out considering the development in end use industries. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by TechSci Research.
Key Target Audience:
- Phosphoric acid manufacturers and other stakeholders
- Organizations, forums and alliances related to phosphoric acid distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as phosphoric acid manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. Please Note:
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