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.

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.

Global phosphoric acid market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent ecofriendly product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, Agrium Inc. merged with Potash Corporation. And formed a new company named Nutrien Ltd. In January 2018. The new company formed strengthened its position in global phosphoric acid market.

Key player’s profiles in the report are

• Nutrien (Canada)

• Phosagro (Russia)

• Hanwha Corporation, (South Korea)

• Innophos Holdings, Inc. (U.S.)

• The Mosaic Company (U.S.)

• Sinofert Holdings. (China)

• Israel Chemical Ltd. (Israel)

• Solvay (Canada)

• Agrium Inc. (France)

• Jordan Phosphate Mines Company PLC. (Jordan)

Detailed Segmentation

By Process Type

• Wet process

• Thermal process

• Others

By Application

• Phosphate chemicals,

• Other industrial Applications,

• Home cleaning agents

• Others

By Grade

• Technical grade,

• Food Grade

By end user

• Fertilizer,

• Medical,

• Food & beverage,

• Electronics,

• Others

Geography

• North America

• U.S

• Canada

• Europe

• Germany

• France

• U.K

• Italy

• Spain

• Russia

• Poland

• Rest of Europe

• Asia-Pacific

• Japan

• China

• India

• Australia & New Zealand

• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)

• South Korea

• Rest of Asia-Pacific

• Latin America

• Brazil

• Mexico

• Argentina

• Venezuela

• Rest of Latin America

• Middle East and Africa (MEA)

• Gulf Cooperation Council (GCC) Countries

• Israel

• South Africa

• Rest of MEA

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