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The global super phosphoric acid market size is expected to grow at a CAGR of 5.10% between 2024 and 2032, driven by increasing demand for phosphorus rich fertilisers and rising investments by towards research and development activities.
Super phosphoric acid or SPA is a liquid which has a 69-76% concentration of phosphorus pentoxide (P2O5). Rich in phosphorus and with applications across various industries, this multi-functioning agent is used for pH adjustments, fertiliser preparation, and cleansing and maintenance of industrial equipment. The high phosphorus content makes it suitable for open crop fields and greenhouse crops, among others.
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Based on application the market is segmented into fertilisers, feed and food additives, chemical industry, pharmaceuticals, and industrial use, among others. On the basis of region, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global super phosphoric acid market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
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On the basis of application, fertilisers are expected to account for a significant share of the super phosphoric acid market over the forecast period due to increasing fertiliser demand and production. The rising demand for food due to growing population levels is further fuelling the demand for fertilisers across the globe. Furthermore, increase in export of fertilisers is also anticipated to boost the growth of the segment over the forecast period. Fertiliser applications of super phosphoric acid are also expected to witness growth owing to growing popularity of phosphorus rich fertilisers among farmers as they aid in improving the quality as well as quantity of the produce.
In terms of regions, the Asia Pacific is anticipated to witness exponential growth over the forecast period owing to increasing agricultural activities in order to feed the highly populated countries in the region. Agriculture being the backbone of several emerging economies in the Asia Pacific region is expected to aid the growth of the super phosphoric acid market. Presence of large population base in the region along with increasing preference for processed foods and beverages is also expected to propel the growth of the market in Asia Pacific for food additive applications of super phosphoric acid. Rising pharmaceutical and industrial activities in the Asia Pacific region are also anticipated to positively contribute towards the growth of the market.
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Nutrien Ltd. is an agriculture chemical manufacturing company that was founded in 2018 and is headquartered in Saskatchewan, Canada. They are one of the largest producers of potash, nitrogen, and phosphate; key nutrients essential for healthy crops. They have over 1,500 locations across South America, North America, and Australia along with more than 3,300 crop advisors.
J.R. Simplot Company is an agribusiness company that was established in 1929 and is headquartered in Idaho, United States. The portfolio of the company includes fertiliser manufacturing, cattle production, phosphate mining, food processing, and farming, among others. The company continues seeking out new approaches and ideas so as to provide nutritious and safe food products.
Novaphos Corporation was founded in 2008 and is based in Maryland, United States. Their advanced technology produces high quality phosphoric acid while using low quality phosphate rock, in a resulting process which further reduces the production of gypsum. The expertise of Novaphos Corporation also lies in reprocessing existing phosphogypsum waste into useful products.
Other market players include Itafos Conda, and Advantis Crop Science Pvt. Ltd., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Region |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market for super phosphoric acid is expected to grow at a CAGR of 5.10% between 2024 and 2032.
The major market drivers include increasing demand for phosphorus rich fertilisers and rising investments by key market players towards research and development activities.
The key trends fuelling the growth of the market include growing food demand, increasing popularity of processed food and beverages, and rising applications of super phosphoric acid in the chemical industry.
The formula for super phosphoric acid is H3PO4.
Super phosphoric acid can be harmful if it comes into direct contact with skin or is swallowed. Upon coming into contact with skin, super phosphoric acid can case severe skin burns.
Super phosphoric acid encourages root growth which aids in easy absorption of nutrients from the soil.
The best time for using super phosphoric acid based fertilisers is during planting.
The various applications of super phosphoric acid include fertilisers, feed and food additives, chemical industry, pharmaceuticals, and industrial use, among others.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the global super phosphoric acid market are Nutrien Ltd., Itafos Conda, J.R. Simplot Company, Advantis Crop Science Pvt. Ltd., and Novaphos Corporation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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