Asia Pacific Phosphoric Acid Market Size, Share & Industry Trends Analysis Report By Source Type (Wet Process, and Thermal Process), By Application, By Country and Growth Forecast, 2023 - 2030

The Asia Pacific Phosphoric Acid Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 19,978.4 Kilo Tonnes, showcasing a growth of 3.5% (2019-2022).

In the food and beverage industry, phosphoric acid is used as an acidulant and flavor enhancer. It is a fundamental ingredient in carbonated beverages, particularly cola drinks, where it contributes to their characteristic tangy taste. Additionally, it serves as a preservative in various food products and enhances the texture and quality of processed foods.

Additionally, it is employed in water treatment processes to adjust pH levels and reduce alkalinity. Its effectiveness in preventing scale formation and corrosion in water distribution systems and industrial equipment makes it an essential component in water treatment chemicals. In various industrial applications, phosphoric acid finds utility as a chemical reagent. It is utilized to produce detergents, metal surface treatment, and remove rust and mineral deposits. Additionally, it catalyzes certain chemical reactions, contributing to the synthesis of numerous industrial chemicals.

China is one of the leading agriculture producers in the Asia Pacific region. According to the International Trade Administration, China's agricultural imports, exports, and production have expanded greatly since acceding to the WTO in 2001. China was the largest export market for U.S. agricultural products in 2021 at $35.9 billion. China has heavily invested in modernizing its agriculture sector by introducing advanced machinery and technology. Additionally, China has diversified its crop production beyond staple grains like rice and wheat. It now produces a wide range of crops, including corn, soybeans, vegetables, fruits, and oilseeds, to meet the dietary demands of its large population. China has embraced biotechnology in agriculture, including cultivating genetically modified (GM) crops like insect-resistant cotton and virus-resistant papaya. Biotechnology has helped increase crop yields and reduce losses due to pests and diseases.

The China market dominated the Asia Pacific Phosphoric Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,581.8 million by 2030. The India market is registering a CAGR of 4.3% during (2023 - 2030). Additionally, The Thailand market would showcase a CAGR of 3.4% during (2023 - 2030).

Based on Source Type, the market is segmented into Wet Process, and Thermal Process. Based on Application, the market is segmented into Fertilizers, Feed & Food Additives, Water Treatment Chemicals, Detergents, Metal Treatment, Industrial Use, and Others. Based on countries, the market is segmented into China, India, Thailand, Japan, South Korea, Australia, and Rest of Asia Pacific.

Free Valuable Insights: The Global Phosphoric Acid Market is Predict to reach $63.1 Billion by 2030, at a CAGR of 4.4%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Mosaic Company, PJSC "PhosAgro", Nutrien Limited, IFFCO, EuroChem Group AG (AIM Capital Ltd.), OCP SA, ICL Group Ltd. (Israel Corp.), Yara International ASA, Innophos Holdings, Inc. (One Rock Capital Partners, LLC), and Gujarat State Fertilizers & Chemicals Limited.

Scope of the Study

Market Segments Covered in the Report:

By Source Type (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Wet Process
• Thermal Process

By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Fertilizers
• Feed & Food Additives
• Water Treatment Chemicals
• Detergents
• Metal Treatment
• Industrial Use
• Others

By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)

• China
• India
• Thailand
• Japan
• South Korea
• Australia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• The Mosaic Company
• PJSC "PhosAgro"
• Nutrien Limited
• IFFCO
• EuroChem Group AG (AIM Capital Ltd.)
• OCP SA
• ICL Group Ltd. (Israel Corp.)
• Yara International ASA
• Innophos Holdings, Inc. (One Rock Capital Partners, LLC)
• Gujarat State Fertilizers & Chemicals Limited

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Phosphoric Acid Market, by Source Type
1.4.2 Asia Pacific Phosphoric Acid Market, by Application
1.4.3 Asia Pacific Phosphoric Acid Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis

Chapter 4. Asia Pacific Phosphoric Acid Market by Source Type
4.1 Asia Pacific Wet Process Market by Country
4.2 Asia Pacific Thermal Process Market by Country

Chapter 5. Asia Pacific Phosphoric Acid Market by Application
5.1 Asia Pacific Fertilizers Market by Country
5.2 Asia Pacific Feed & Food Additives Market by Country
5.3 Asia Pacific Water Treatment Chemicals Market by Country
5.4 Asia Pacific Detergents Market by Country
5.5 Asia Pacific Metal Treatment Market by Country
5.6 Asia Pacific Industrial Use Market by Country
5.7 Asia Pacific Others Market by Country

Chapter 6. Asia Pacific Phosphoric Acid Market by Country
6.1 China Phosphoric Acid Market
6.1.1 China Phosphoric Acid Market by Source Type
6.1.2 China Phosphoric Acid Market by Application
6.2 India Phosphoric Acid Market
6.2.1 India Phosphoric Acid Market by Source Type
6.2.2 India Phosphoric Acid Market by Application
6.3 Thailand Phosphoric Acid Market
6.3.1 Thailand Phosphoric Acid Market by Source Type
6.3.2 Thailand Phosphoric Acid Market by Application
6.4 Japan Phosphoric Acid Market
6.4.1 Japan Phosphoric Acid Market by Source Type
6.4.2 Japan Phosphoric Acid Market by Application
6.5 South Korea Phosphoric Acid Market
6.5.1 South Korea Phosphoric Acid Market by Source Type
6.5.2 South Korea Phosphoric Acid Market by Application
6.6 Australia Phosphoric Acid Market
6.6.1 Australia Phosphoric Acid Market by Source Type
6.6.2 Australia Phosphoric Acid Market by Application
6.7 Rest of Asia Pacific Phosphoric Acid Market
6.7.1 Rest of Asia Pacific Phosphoric Acid Market by Source Type
6.7.2 Rest of Asia Pacific Phosphoric Acid Market by Application

Chapter 7. Company Profiles
7.1 PJSC "PhosAgro"
7.1.1 Company Overview
7.1.2 Financial Analysis
7.2 IFFCO (Cooperative Societies of India)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.3 EuroChem Group AG (AIM Capital Ltd.)
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Acquisition and Mergers:
7.3.3 SWOT Analysis
7.4 OCP SA
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Acquisition and Mergers:
7.4.5 SWOT Analysis
7.5 ICL Group Ltd. (Israel Corp.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 Innophos Holdings, Inc. (One Rock Capital Partners, LLC)
7.6.1 Company Overview
7.7 Gujarat State Fertilizers & Chemicals Limited
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.8 Yara International ASA
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.9 The Mosaic Company
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Partnerships, Collaborations, and Agreements:
7.9.5 SWOT Analysis
7.10. Nutrien Limited
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 SWOT Analysis

TABLE 1 Asia Pacific Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Wet Process Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Wet Process Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Wet Process Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Wet Process Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Thermal Process Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Thermal Process Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Thermal Process Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Thermal Process Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Fertilizers Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Fertilizers Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Fertilizers Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Fertilizers Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Feed & Food Additives Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Feed & Food Additives Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Feed & Food Additives Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Feed & Food Additives Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Water Treatment Chemicals Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Water Treatment Chemicals Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Water Treatment Chemicals Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Water Treatment Chemicals Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Detergents Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Detergents Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Detergents Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Detergents Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 Asia Pacific Metal Treatment Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Metal Treatment Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Metal Treatment Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Asia Pacific Metal Treatment Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Asia Pacific Industrial Use Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Industrial Use Market by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Industrial Use Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 Asia Pacific Industrial Use Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 47 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 Asia Pacific Phosphoric Acid Market by Country, 2019 - 2022, USD Million
TABLE 50 Asia Pacific Phosphoric Acid Market by Country, 2023 - 2030, USD Million
TABLE 51 Asia Pacific Phosphoric Acid Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 Asia Pacific Phosphoric Acid Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 China Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 54 China Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 55 China Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 56 China Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 57 China Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 58 China Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 59 China Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 60 China Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 61 China Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 62 China Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 63 China Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 China Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 India Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 66 India Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 67 India Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 68 India Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 69 India Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 70 India Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 71 India Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 72 India Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 73 India Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 74 India Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 75 India Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 India Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Thailand Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 78 Thailand Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 79 Thailand Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Thailand Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Thailand Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 82 Thailand Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 83 Thailand Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 84 Thailand Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 85 Thailand Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 86 Thailand Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 87 Thailand Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Thailand Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Japan Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 90 Japan Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 91 Japan Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 92 Japan Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 93 Japan Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 94 Japan Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 95 Japan Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 96 Japan Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 97 Japan Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 98 Japan Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 99 Japan Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 Japan Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 South Korea Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 102 South Korea Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 103 South Korea Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 104 South Korea Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 105 South Korea Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 106 South Korea Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 107 South Korea Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 108 South Korea Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 109 South Korea Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 110 South Korea Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 111 South Korea Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 112 South Korea Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 113 Australia Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 114 Australia Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 115 Australia Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 116 Australia Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 117 Australia Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 118 Australia Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 119 Australia Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 120 Australia Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 121 Australia Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 122 Australia Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 123 Australia Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 124 Australia Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 125 Rest of Asia Pacific Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 126 Rest of Asia Pacific Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 127 Rest of Asia Pacific Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 128 Rest of Asia Pacific Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 129 Rest of Asia Pacific Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 130 Rest of Asia Pacific Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 131 Rest of Asia Pacific Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 132 Rest of Asia Pacific Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 133 Rest of Asia Pacific Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 134 Rest of Asia Pacific Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 135 Rest of Asia Pacific Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 136 Rest of Asia Pacific Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 137 Key Information – PJSC "PhosAgro"
TABLE 138 Key Information – IFFCO
TABLE 139 Key Information – EuroChem Group AG
TABLE 140 Key Information – OCP SA
TABLE 141 Key Information – ICL Group Ltd.
TABLE 142 Key Information – Innophos Holdings, Inc.
TABLE 143 Key Information – Gujarat State Fertilizers & Chemicals Limited
TABLE 144 Key Information – Yara International ASA
TABLE 145 Key Information – The Mosaic Company
TABLE 146 Key Information – Nutrien Limited

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Phosphoric Acid Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting phosphoric acid market
FIG 4 Porter’s Five Forces Analysis – Phosphoric Acid Market
FIG 5 Asia Pacific Phosphoric Acid Market share by Source Type, 2022
FIG 6 Asia Pacific Phosphoric Acid Market share by Source Type, 2030
FIG 7 Asia Pacific Phosphoric Acid Market by Source Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific Phosphoric Acid Market share by Application, 2022
FIG 9 Asia Pacific Phosphoric Acid Market share by Application, 2030
FIG 10 Asia Pacific Phosphoric Acid Market by Application, 2019 - 2030, USD Million
FIG 11 Asia Pacific Phosphoric Acid Market share by Country, 2022
FIG 12 Asia Pacific Phosphoric Acid Market share by Country, 2030
FIG 13 Asia Pacific Phosphoric Acid Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: EuroChem Group AG
FIG 15 SWOT Analysis: OCP SA
FIG 16 SWOT Analysis: ICL Group Ltd.
FIG 17 SWOT Analysis: The Mosaic Company
FIG 18 SWOT Analysis: Nutrien Limited