Growing demand for phosphoric acid in the making of fertilizers is one of the significant factors influencing the market growth.
Reports and Data’s latest industry analysis report titled ‘Global Phosphoric Acid Market’ provides the reader with an exhaustive overview of the Phosphoric Acid industry. The report is inclusive of a concise market summary and contains market projections based on the present market situation, current market size, and revenue growth rate. The report elaborates on the key market dynamics including market growth drivers, opportunities, threats, and challenges. In this report, market analysts at Reports and Data have emphasized the ever-changing market growth patterns and the dynamic environment of the industry. Key attractions of the report include List of Tables and Figures, Research Methodology, Competitive Landscape, Regional Analysis, Technological Breakthroughs, and Future Market Developments.
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.
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Further key findings from the report suggest
- By production method, wet process contributed to the largest market share in 2018. The major portion of phosphoric acid is produced by deploying the wet-process method, and the phosphoric acid made from this process is utilized in fertilizer production.
- By grade, the food-grade phosphoric is likely to grow at a faster rate in the forecast period.
- By distribution channel, the online distribution channel is estimated to observe a faster growth rate of 4.1% in the period 2019-2027.
- By industry vertical, the agriculture industry dominated the market with around 90% of the market share in 2018 and is likely to experience a CAGR of 2.1% in the forecast period.
- The market in the Asia Pacific region held the largest market in 2018 and is projected to witness a growth rate of 2.8% in the forecast period. Growth of the agriculture industry in developing countries, including China and India, and a rise in the level of disposable income, among others, are the factors responsible for the growth of the market in the region.
- Key participants include 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.
Regional Outlook
The key regions covered in the report are as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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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
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Online
- Offline
Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Agriculture
- Food Beverage
- Pharmaceutical
- Electronics
- Water Treatment
- Others
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Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Phosphoric Acid market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Phosphoric Acid market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Phosphoric Acid market key players
3.2 Global Phosphoric Acid size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Phosphoric Acid market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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