Phosphoric Acid Market Key Strategies, Historical Analysis, Application, Technology, Trends and Opportunities
                     Phosphoric Acid Market Key Strategies, Historical 
Analysis, Application, Technology, Trends and 
Opportunities 
Phosphoric Acid Market, By Process Type (Wet Process and Thermal Process), Form 
(Solid and Liquid), Grade (Technical Grade, Food Grade and Feed Grade), Application 
(Food and Beverages, Animal Feed, Personal Care, Chemical Manufacturing, Leather 
and Textile, Cleaning Agents, Ceramics and Refractories, Agricultural Fertilizers, 
Metallurgy, Water Treatment, Construction, Mining, Semiconductors, Oral and Dental 
Care, Pharmaceuticals and Others), Industry Trends and Forecast to 2028
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Market Analysis and Insights 
The global market is expected to grow in the forecast period of 2021 to 2028. Data 
Bridge Market Research analyses that the market is growing with a CAGR of 4.2% in the 
forecast period of 2021 to 2028 and is expected to reach USD 47,718.13 million by 2028. 
Increased demand for phosphoric acid in food and beverage and pharmaceutical 
industries, thus driving the global phosphoric acid market growth.
Phosphoric acid refers to a crystalline acid that is generally weak, colourless, and 
odourless. These inorganic materials are corrosive to the ferrous metal & alloys and 
possess good solubility in water. These tend to get decomposed in high temperature. 
These may form toxic fumes when combined with alcohol. Thermal process, dry kiln 
process and Wet process used for the production of the phosphoric acid. It gives soft 
drinks a tangy flavour and prevents the growth of mould and bacteria, which can 
multiply easily in a sugary solution. Most of soda’s acidity also comes from phosphoric 
acid.
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Major Key Players
Some of the major players operating in this market are : 
• Nutrien Ltd
• OCP, J.R
• Simplot Company.
• Brenntag North America, Inc.
• Arkema, ICL
• Innophos, Spectrum Chemical
• Solvay
• Merck KGaA, Prayon  S.A.
• YPH
• Clariant AG,
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Market Segmentation
• By Process Type (Wet Process and Thermal Process)
• By Application (Food and Beverages, Animal Feed, Personal Care, Chemical 
Manufacturing, Leather and Textile, Oral and Dental Care, Pharmaceuticals 
and Others)
• By Form (Solid and Liquid)
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Regional Analysis
Based on geography, the market is segmented into five geographical 
regions
    North America
       Europe
       Asia-Pacific
       South America
       Middle East 
       Africa
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