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Super Phosphoric Acid Market

Global Super Phosphoric Acid Market Share, Size, Report, Growth, Analysis, Trends, Forecast: By Application: Fertilisers, Feed and Food Additives, Chemical Industry, Pharmaceuticals, Industrial Use, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Super Phosphoric Acid Market Outlook

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.

 

Key Trends in the Market

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.

 

  • The key trends propelling the growth of the super phosphoric acid market include growing food demand, as increasing food and nutrition requirements to sustain large populations has boosted the demand for super phosphoric acid. Over the forecast period, the market is expected to witness exponential growth due to the upsurge in agricultural activities.
  • Another crucial trend aiding the growth of the market includes the growing popularity of processed foods and beverages. Super phosphoric acids are used as food additives in order to enhance the taste and shelf life of processed foods and beverages. Rising consumption of such products is anticipated to fuel the growth of the super phosphoric acid market.
  • Increased utilisation of phosphorus rich fertilisers to enhance growth of crops is another key trend fuelling the growth of the market for super phosphoric acid. The rising propensity of farmers towards enhancing the quality and the quantity of produce has led to increased usage of phosphorus rich fertilisers.

 

super phosphoric acid market

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Market Analysis

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.

 

  • Nutrien Ltd.
  • Itafos Conda
  • J.R. Simplot Company
  • Advantis Crop Science Pvt. Ltd.
  • Novaphos Corporation
  • Others

 

super phosphoric acid market by segments

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Market Share by Application

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.

 

Market Share by Region

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.

 

super phosphoric acid market by region

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Competitive Landscape

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.

 

Key Highlights of the Report

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:

  • Application
  • Region
Breakup by Application
  • Fertilisers
  • Feed and Food Additives
  • Chemical Industry
  • Pharmaceuticals
  • Industrial Use
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nutrien Ltd.
  • Itafos Conda
  • J.R. Simplot Company
  • Advantis Crop Science Pvt. Ltd.
  • Novaphos Corporation
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Super Phosphoric Acid Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Super Phosphoric Acid Historical Market (2018-2023) 
    8.3    Global Super Phosphoric Acid Market Forecast (2024-2032)
    8.4    Global Super Phosphoric Acid Market by Application
        8.4.1    Fertilisers
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Feed and Food Additives
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
        8.4.3    Chemical Industry
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
        8.4.4    Pharmaceuticals
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2023)
            8.4.4.3    Forecast Trend (2024-2032)
        8.4.5    Industrial Use
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2023)
            8.4.5.3    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Super Phosphoric Acid Market by Region
        8.5.1    North America
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023) 
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Europe
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023) 
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Asia Pacific
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023) 
            8.5.3.3    Forecast Trend (2024-2032)
        8.5.4    Latin America
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2023) 
            8.5.4.3    Forecast Trend (2024-2032)
        8.5.5    Middle East and Africa
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2023) 
            8.5.5.3    Forecast Trend (2024-2032)
9    North America Super Phosphoric Acid Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023) 
        9.1.3    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023) 
        9.2.3    Forecast Trend (2024-2032)
10    Europe Super Phosphoric Acid Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023) 
        10.1.3    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023) 
        10.2.3    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023) 
        10.3.3    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023) 
        10.4.3    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Super Phosphoric Acid Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023) 
        11.1.3    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023) 
        11.2.3    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023) 
        11.3.3    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023) 
        11.4.3    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2023) 
        11.5.3    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Super Phosphoric Acid Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023) 
        12.1.3    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023) 
        12.2.3    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2023) 
        12.3.3    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Super Phosphoric Acid Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2023) 
        13.1.3    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2023) 
        13.2.3    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2023) 
        13.3.3    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2023) 
        13.4.3    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Nutrien Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Itafos Conda
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    J.R. Simplot Company
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Advantis Crop Science Pvt. Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Novaphos Corporation
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Super Phosphoric Acid Market: Key Industry Highlights, 2018 and 2032
2.    Global Super Phosphoric Acid Historical Market: Breakup by Application (USD Million), 2018-2023
3.    Global Super Phosphoric Acid Market Forecast: Breakup by Application (USD Million), 2024-2032
4.    Global Super Phosphoric Acid Historical Market: Breakup by Region (USD Million), 2018-2023
5.    Global Super Phosphoric Acid Market Forecast: Breakup by Region (USD Million), 2024-2032
6.    North America Super Phosphoric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
7.    North America Super Phosphoric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
8.    Europe Super Phosphoric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
9.    Europe Super Phosphoric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Asia Pacific Super Phosphoric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Asia Pacific Super Phosphoric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Latin America Super Phosphoric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Latin America Super Phosphoric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Middle East and Africa Super Phosphoric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Middle East and Africa Super Phosphoric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Global Super Phosphoric Acid Market Structure

Key Questions Answered in the Report

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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