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, Others), 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

Report Code: PMI516623 | Publish Date: March 2024 | No. of Pages: 170

Phosphorus Acid Market Overview

Phosphorus Acid Market was valued at US$ 27.8 Billion in 2024 and is projected to grow at a CAGR of 8.2% to reach US$ 57.1 Billion by 2034.

Phosphorus acid, also known as orthophosphorous acid, is a chemical compound composed of phosphorus, hydrogen, and oxygen. It is an inorganic acid and is considered one of the oxyacids of phosphorus. Phosphorus acid is widely used in various industrial applications, agriculture, and chemical processes.

Phosphorus Acid Market Dynamics

Agricultural Growth

Growing agriculture is a major factor in the market's demand for phosphoric acid. In particular, phosphite fertilisers, which are crucial for fostering plant development and raising agricultural yields, use phosphorus acid as a significant component. Phosphorus is one of the essential nutrients required for plant growth. Phosphorus acid, in the form of phosphite fertilizers, provides plants with the necessary phosphorus to support root development, flowering, and fruiting.

Chemical Industry Growth

The expansion of the chemical sector is a key factor in the market's demand for phosphoric acid. A versatile chemical, phosphoric acid is used in many different areas of the chemical industry. Phosphorus-containing compounds are used as flame retardants in a wide range of products, including textiles, plastics, and electronics. They help reduce the flammability of materials, contributing to fire safety.  

Restrains:

Phosphorus is a finite and non-renewable resource. It is primarily obtained from phosphate rock deposits. The availability of high-quality phosphate rock reserves is limited, and some regions with significant reserves have faced challenges related to depletion and extraction costs. Phosphate rock reserves are not evenly distributed globally. Some countries or regions have a dominant share of these reserves, and geopolitical factors, trade restrictions, or export bans can disrupt the supply chain and lead to supply shortages.    

Phosphorus Acid Market Segmentation

Phosphorus Acid Market is segmented based on Grade, Form, Application, End-user and Region.

  • Grade Insight

On the basis of Grade, Phosphorus Acid Market is segmented into Technical Grade, Agriculture Grade, and Others.

  • Form Insights

On the basis of Form, Phosphorus Acid Market is segmented into Solid, Liquid, and Others.

  • Application Insights

On the basis of Application, Phosphorus Acid Market is segmented into Fertilizers, Reducing Agent, Stabilizer, Water Treatment Chemical, Other.

  • End-user Insights

On the basis of End-user, Phosphorus Acid Market is segmented into Textiles, Oil & Gas, Agriculture, Power Industry, Construction, Automotive, and Others.

  • Phosphorus Acid Market Regional Insights:

On region the Phosphorus Acid Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. North America has a limited production capacity for phosphorus acid. The United States is a major producer and consumer of phosphorus acid, with some production facilities in states like Florida.
  • Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. Asia-Pacific, particularly China, is a major production hub for phosphorus acid. China's production capacity is substantial, and the country is a significant exporter of phosphorus acid.

Phosphorus Acid Market Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024– 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

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

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

Phosphorus Acid Market Key Players

The key players operating 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.   

Phosphorus Acid Market Key Issues Addressed

The New Launched Product News,

  • In July 2023, Jordan's JPMC announced new phosphorus acid plant in Al Shidiyah. Phosphorus pentoxide is scheduled to be produced at the plant in an annual capacity of 165,000 tons. Along with other industries, the initiative will bring about 250 direct jobs and at least 2,000 indirect jobs in the transportation and logistics sectors.

Strategic Acquisitions and Partnership News,

  • In January 2023, Prayon finalizes acquisition of Febex phosphoric acid business from Arkema. Prayon's position in phosphorous chemistry will be strengthened by this acquisition, which is a significant step. The Group joins the electronics sector, which is expected to grow rapidly in both Europe and the US.

Phosphorus Acid Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Grade
      • Market Snippet, By Form
      • Market Snippet, By Application
      • Market Snippet, By End-user
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Grade, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Technical Grade
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Agriculture Grade
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Form, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Solid
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Liquid
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Fertilizers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Reducing Agents
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Stabilizer
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Water Treatment Chemical
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By End-user, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Textiles
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Oil & Gas
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Agriculture
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Power Industry
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Construction
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Automotive
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-user, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-user, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-user, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Sure Chemical Co. ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Rudong Huayun Chemical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Chemfine International Co. Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Futong Chemical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hebei Mojin Biotechnology Co. Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nanjing Jiayi Sunway Chemical Co. Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Linyi Chunming Chemical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mudangjiang Fengda Chemicals
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Zibo TianDan Chemical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ningbo Samreal Chemical Co. Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Phosphorus Acid Market is segmented into Grade, Form, Application, End-user and Region.

Phosphorus Acid Market is driven by factors like agricultural growth and chemical industry growth.

The key players operating 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.

Phosphorus Acid Market was valued at US$ 27.8 Billion in 2024 and is projected to grow at a CAGR of 8.2% to reach US$ 57.1 Billion by 2034.