Phosphoric Acid Market business report includes strategic profiling of key players in the market, systematic analysis of their core competencies, and draws a competitive landscape for the market. It is the most appropriate, rational and admirable market research report provided with a devotion and comprehension of business needs.
The global phosphoric acid market is expected to reach USD 41.20 Billion by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the growing application of phosphoric acid among the end-user industries.
A significant portion of phosphoric acid produced worldwide is used in the production of fertilizers. It is primarily converted into three phosphate salts, namely diammonium hydrogen phosphate (DAP), monoammonium dihydrogen phosphate (MAP), and triple superphosphate (TSP), which are in high demand from the agriculture industry as fertilizers. Phosphorus is a vital plant nutrient and is absorbed by plant roots, generally as the dihydrogen phosphate ion derived from phosphoric acid.
Phosphoric acid in the food & beverage industry finds usage as a food additive. It is used to function as a preservative or to impart a strong flavor to food products. It is most commonly consumed through soft drinks. It is accountable for the peculiar taste of colas. Additionally, several bottled teas, punches, sports drinks, and fruit-flavored beverages comprise phosphoric acid. The salts of phosphoric acid find application in several dairy products to alter the proteins and modify the pH value to produce a higher-quality product.
Phosphoric acid is applied to prevent the after-effects of groundwater exposure to iron and manganese. On exposure to air, manganese, and iron oxidize and discolor the water, which in turn, forms brownish-black stains from the manganese, or rust stains from the iron, found around bathtub drains and laundry, among others. Moreover, phosphoric acid aids to prevent and hinder scale formation and corrosion in the water distribution system.
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Top Companies Profiled in the Report:
Innopho Holdings Inc., Eurochem, Mosaic Company, Argium Inc., United Phosphorous Ltd., Solvay-Rhodia, CF Industries Holdings Inc., Israel Chemical Ltd., Vale SA, and laxness AG, among others.
Queries Related to the Phosphoric Acid Market:
- Which application segments will perform better and achieve success in worldwide through the forecast years?
- What are the key factors driving the market growth?
- Who are the key vendors in this Industry?
- Which are the impressive business sectors where best players want their own expansion in future?
- What are the market dynamics?
- What are the limits ruining the development rate?
- What is the focused circumstance to advance development?
- What are the opportunities and threats faced by the performers in the global market?
- What are the development rates for this Industry?
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Global Phosphoric Acid Market Segmentation:
Production Method Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Wet Process
- Thermal Process
- Dry Kiln Process
Grade Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Electronic Grade
- Food grade
- Technical Grade
Regional Analysis covers:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Key Reasons to Purchase Phosphoric Acid Report:
- To gain insightful analyses of the market and have comprehensive understanding of the Global Phosphoric Acid and its commercial landscape.
- Assess the Phosphoric Acid production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the Phosphoric Acid and its impact in the Global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for Global Phosphoric Acid.
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