Phosphorus acid contains two hydrogen atoms, one phosphorus atom, and three oxygen atoms. Phosphorus acid is a colorless, crystalline solid at room temperature. It is soluble in water and has a relatively low melting point.  

The agriculture sector is a significant consumer of phosphorus acid due to its use in fertilizers. As global food demand continues to rise, there will likely be a sustained demand for fertilizers, which could drive the growth of the Phosphorus Acid Market. The chemical industry's growth, particularly in areas like flame retardants and pharmaceuticals, could lead to increased demand for phosphorus acid as a raw material.   

The report “Phosphorus Acid Market, By Grade (Technical Grade, Agriculture Grade, and Others), By Form (Solid, Liquid, and Others), By Application (Fertilizers, Reducing Agent, Stabilizer, Water Treatment Chemical, Other), By End-user (Textiles, Oil & Gas, Agriculture, Power Industry, Construction, Automotive, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

• In August 2020, OCP Group and its German and Belgian partners, Budenheim and Prayon, launched the building of a new plant for the production of purified phosphoric acid, through their subsidiary Euro Maroc Phosphore (EMAPHOS). Their partners will be able to maintain their dominance in the manufacturing of purified wet process phosphoric acid thanks to the new plant. The purpose of this capacity increase is to adapt to shifts in the global market for refined phosphoric acid.

Analyst View:

Strict environmental restrictions could promote the creation of more environmentally friendly phosphoric acid-using goods and procedures, opening up new market prospects. Innovations that increase the market for phosphorous acid may result from research and development projects focused at enhancing the production procedures and applications of the chemical.  

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Phosphorus Acid Market, By Grade (Technical Grade, Agriculture Grade, and Others), By Form (Solid, Liquid, and Others), By Application (Fertilizers, Reducing Agent, Stabilizer, Water Treatment Chemical, Other), By End-user (Textiles, Oil & Gas, Agriculture, Power Industry, Construction, Automotive, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Phosphorus Acid Market accounted for US$ 25.9 billion in 2022 and is estimated to be US$ 37.9 billion by 2032 and is anticipated to register a CAGR of 3.9%. Phosphorus Acid Market is segmented based on Grade, Form, Application, End-user and Region.

• Based on Grade, Phosphorus Acid Market is segmented into Technical Grade, Agriculture Grade, and Others.
• Based on Form, Phosphorus Acid Market is segmented into Solid, Liquid, and Others.
• Based on Application, Phosphorus Acid Market is segmented into Fertilizers, Reducing Agent, Stabilizer, Water Treatment Chemical, Other.
• Based on End-user, Phosphorus Acid Market is segmented into Textiles, Oil & Gas, Agriculture, Power Industry, Construction, Automotive, and Others.
• By Region, the Phosphorus Acid Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Phosphorus Acid Market:

The prominent players operating in the Phosphorus Acid Market includes, Sure Chemical Co. ltd, Rudong Huayun Chemical, Chemfine International Co. Ltd, Futong Chemical, Hebei Mojin Biotechnology Co. Ltd, Nanjing Jiayi Sunway Chemical Co. Ltd, Linyi Chunming Chemical, Mudangjiang Fengda Chemicals, Zibo TianDan Chemical, and Ningbo Samreal Chemical Co. Ltd.

To know more

Contact Us:

Sales

Prophecy Market Insights

U.S: 1 860 531 2574

RoW: 91 7775049802

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com

Blog- www.prophecyjournals.com