Global Phosphorous Acid Market was sized US$ 9.87 Bn in 2019 and is expected to reach US$ XX Bn by 2026 at a CAGR of about XX % during a forecast Period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Phosphorus Acid market is segmented by type, application and by region. In terms of type, Food Grade Phosphorus Acid, Technical Grade Phosphorus Acid and Medical Grade Phosphorus Acid. Fertilizers, Industrial application, Food Additive, Pharmaceutical and Other are application segment of Phosphorus Acid market. Geographically into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Phosphorus acid, also known as ortho-Phosphoric acid, is a mineral and weak acid with chemical formula H3PO4. In terms of production value, Phosphorus acid is the inorganic acid produced and consumed in the highest amount. The demand for Phosphorus acid is primarily driven by the increasing demand for the production of phosphate fertilizers, which is closely related to the growing population worldwide.
Based on application, the increasing population propels the demand for food, which is fulfilled by crops nourished with fertilizers. Developing countries and regions are using fertilizers at a much higher rate than developed countries. Fertilizers are used to compensate phosphorus deficiencies in the soil. Di-ammonium phosphate (DAP), mono-ammonium phosphate (MAP), and tri-sodium phosphate (TSP) are three important fertilizers derived from Phosphorus acid, which are used across the globe to increase the crop yield and satisfy the increasing demand for food.
From a geographical standpoint, Asia-Pacific is depicted to have maximum growth and will hold a substantial share of the Phosphorus acid market in production as well in consumption. Asia-Pacific accounted for a major 58% share of the global Phosphorus acid market in 2017. The large number of phosphate rock reserves in Asia-Pacific and Latin America promotes growth of the Phosphorus acid market in these regions. Rise in the use of phosphate fertilizers is anticipated to provide lucrative growth opportunities to manufacturers of Phosphorus acid in Asia Pacific in the next few years.
The Mosaic Company, Nutrien Ltd, Israel Chemicals Ltd., OCP Group, Yara International, Maaden, Eurochem Group AG, WengFu Group, Prayon S.A., J.R. Simplot Company, Solvay, CECA (Arkema Group), JDC Phosphate, Potash Corp., Hindalco (Aditya Birla Group), Spectrum Chemical MFG Corp, Innophos Holding Inc., Brenntag North America, Wengfu Group, Indian Farmer Fertilizer Cooperation Limited (IFFCO), ICL, Yara are key players included in the Phosphorus acid market.
The objective of the report is to present comprehensive analysis of Global Phosphorous Acid Market including all the stakeholders of the industry. The past and current status of the industry with forecasted Market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes Market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Phosphorous Acid Market dynamics, structure by analyzing the Market segments, and project the Global Phosphorous Acid Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Phosphorous Acid Market the report investor’s guide.
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Scope of Global Phosphorous Acid Market:
Global Phosphorous Acid Market, by Application:
• Food Grade Phosphorus Acid
• Technical Grade Phosphorus Acid
• Medical Grade Phosphorus Acid
Global Phosphorous Acid Market, by Application:
• Fertilizers
• Industrial application
• Food Additive
• Pharmaceutical
• Others
Global Phosphorous Acid Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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