LAMEA 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 Latin America, Middle East and Africa Phosphoric Acid Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 12,747.9 Kilo Tonnes, showcasing a growth of 3.8% (2023-2030).

Phosphoric acid, a colorless and odorless mineral acid, is a vital chemical compound with many applications across various industries. Its significance extends beyond its use as a chemical reagent; it plays a pivotal role in diverse industrial processes, agricultural practices, and the production of consumer goods. Phosphoric acid, with the chemical formula H?PO?, is derived primarily from phosphate rock, a finite natural resource. This acid is characterized by its exceptional versatility, manifesting in three primary forms: orthophosphoric acid (or, simply, phosphoric acid), pyrophosphoric acid, and metaphosphoric acid. Among these, orthophosphoric acid, denoted as H?PO?, holds the utmost significance in production volume and applications.

Additionally, phosphoric acid is typically produced through two main methods. The wet process method involves the digestion of phosphate rock with sulfuric acid, forming phosphoric acid. This is the most commonly used method in industrial production. In the thermal process approach, phosphate rock is heated to produce phosphoric acid. It is less commonly used than the wet process.

Some countries in the LAMEA region have significant phosphate rock reserves, and investments have been made in phosphate mining and processing facilities to meet the demand for phosphoric acid and phosphate fertilizers. For example, Morocco is one of the world's largest phosphate producers. Morocco also exports phosphoric acid and phosphate fertilizers to international markets, contributing to their economic growth. Several countries in the region, including Saudi Arabia and Egypt, have established or expanded phosphoric acid production facilities to meet domestic demand and potentially export to global markets. Therefore, the region presents lucrative growth prospects for the market.

The Brazil market dominated the LAMEA Phosphoric Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,989.9 million by 2030. The Argentina market is showcasing a CAGR of 3.8% during (2023 - 2030). Additionally, The South Africa market would register a CAGR of 5.2% 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 Brazil, Argentina, South Africa, Nigeria, Morocco, Chile, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Phosphoric Acid Market is Projected to reach USD 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)

• Brazil
• Argentina
• South Africa
• Nigeria
• Morocco
• Chile
• Rest of LAMEA

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 LAMEA Phosphoric Acid Market, by Source Type
1.4.2 LAMEA Phosphoric Acid Market, by Application
1.4.3 LAMEA 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. LAMEA Phosphoric Acid Market by Source Type
4.1 LAMEA Wet Process Market by Country
4.2 LAMEA Thermal Process Market by Country

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

Chapter 6. LAMEA Phosphoric Acid Market by Country
6.1 Brazil Phosphoric Acid Market
6.1.1 Brazil Phosphoric Acid Market by Source Type
6.1.2 Brazil Phosphoric Acid Market by Application
6.2 Argentina Phosphoric Acid Market
6.2.1 Argentina Phosphoric Acid Market by Source Type
6.2.2 Argentina Phosphoric Acid Market by Application
6.3 South Africa Phosphoric Acid Market
6.3.1 South Africa Phosphoric Acid Market by Source Type
6.3.2 South Africa Phosphoric Acid Market by Application
6.4 Nigeria Phosphoric Acid Market
6.4.1 Nigeria Phosphoric Acid Market by Source Type
6.4.2 Nigeria Phosphoric Acid Market by Application
6.5 Morocco Phosphoric Acid Market
6.5.1 Morocco Phosphoric Acid Market by Source Type
6.5.2 Morocco Phosphoric Acid Market by Application
6.6 Chile Phosphoric Acid Market
6.6.1 Chile Phosphoric Acid Market by Source Type
6.6.2 Chile Phosphoric Acid Market by Application
6.7 Rest of LAMEA Phosphoric Acid Market
6.7.1 Rest of LAMEA Phosphoric Acid Market by Source Type
6.7.2 Rest of LAMEA 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 LAMEA Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 4 LAMEA Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 5 LAMEA Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 6 LAMEA Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 7 LAMEA Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 8 LAMEA Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 9 LAMEA Wet Process Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Wet Process Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Wet Process Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 LAMEA Wet Process Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 LAMEA Thermal Process Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Thermal Process Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Thermal Process Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 LAMEA Thermal Process Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 LAMEA Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 18 LAMEA Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 19 LAMEA Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 20 LAMEA Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 21 LAMEA Fertilizers Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Fertilizers Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Fertilizers Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 LAMEA Fertilizers Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 LAMEA Feed & Food Additives Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Feed & Food Additives Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Feed & Food Additives Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 LAMEA Feed & Food Additives Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 LAMEA Water Treatment Chemicals Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Water Treatment Chemicals Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Water Treatment Chemicals Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 LAMEA Water Treatment Chemicals Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 LAMEA Detergents Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Detergents Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Detergents Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 LAMEA Detergents Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 LAMEA Metal Treatment Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Metal Treatment Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Metal Treatment Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 LAMEA Metal Treatment Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 LAMEA Industrial Use Market by Country, 2019 - 2022, USD Million
TABLE 42 LAMEA Industrial Use Market by Country, 2023 - 2030, USD Million
TABLE 43 LAMEA Industrial Use Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 LAMEA Industrial Use Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 46 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 47 LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 LAMEA Phosphoric Acid Market by Country, 2019 - 2022, USD Million
TABLE 50 LAMEA Phosphoric Acid Market by Country, 2023 - 2030, USD Million
TABLE 51 LAMEA Phosphoric Acid Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 LAMEA Phosphoric Acid Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 Brazil Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 54 Brazil Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 55 Brazil Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 56 Brazil Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 57 Brazil Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 58 Brazil Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 59 Brazil Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 60 Brazil Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 61 Brazil Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 62 Brazil Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 63 Brazil Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 Brazil Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 Argentina Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 66 Argentina Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 67 Argentina Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 68 Argentina Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 69 Argentina Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 70 Argentina Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 71 Argentina Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 72 Argentina Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 73 Argentina Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 74 Argentina Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 75 Argentina Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 Argentina Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 South Africa Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 78 South Africa Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 79 South Africa Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 80 South Africa Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 81 South Africa Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 82 South Africa Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 83 South Africa Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 84 South Africa Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 85 South Africa Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 86 South Africa Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 87 South Africa Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 South Africa Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Nigeria Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 90 Nigeria Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 91 Nigeria Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 92 Nigeria Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 93 Nigeria Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 94 Nigeria Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 95 Nigeria Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 96 Nigeria Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 97 Nigeria Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 98 Nigeria Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 99 Nigeria Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 Nigeria Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 Morocco Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 102 Morocco Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 103 Morocco Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 104 Morocco Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 105 Morocco Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 106 Morocco Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 107 Morocco Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 108 Morocco Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 109 Morocco Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 110 Morocco Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 111 Morocco Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 112 Morocco Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 113 Chile Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 114 Chile Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 115 Chile Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 116 Chile Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 117 Chile Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 118 Chile Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 119 Chile Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 120 Chile Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 121 Chile Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 122 Chile Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 123 Chile Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 124 Chile Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 125 Rest of LAMEA Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 126 Rest of LAMEA Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 127 Rest of LAMEA Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 128 Rest of LAMEA Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 129 Rest of LAMEA Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 130 Rest of LAMEA Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 131 Rest of LAMEA Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 132 Rest of LAMEA Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 133 Rest of LAMEA Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 134 Rest of LAMEA Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 135 Rest of LAMEA Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 136 Rest of LAMEA 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 LAMEA 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 LAMEA Phosphoric Acid Market shareby Source Type, 2022
FIG 6 LAMEA Phosphoric Acid Market share by Source Type, 2030
FIG 7 LAMEA Phosphoric Acid Market by Source Type, 2019 - 2030, USD Million
FIG 8 LAMEA Phosphoric Acid Market share by Application, 2022
FIG 9 LAMEA Phosphoric Acid Market share by Application, 2030
FIG 10 LAMEA Phosphoric Acid Market by Application, 2019 - 2030, USD Million
FIG 11 LAMEA Phosphoric Acid Market share by Country, 2022
FIG 12 LAMEA Phosphoric Acid Market share by Country, 2030
FIG 13 LAMEA 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