The North America Phosphoric Acid Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 4,788.2 Kilo Tonnes, showcasing a growth of 4.5% (2019-2022).
The adoption of phosphoric acid spans across industries and regions, driven by its indispensable role in various applications. Agriculture remains a primary driver of phosphoric acid demand, as it is instrumental in addressing the global need for increased food production. The adoption of intensive farming practices and the necessity to replenish nutrient-depleted soils have led to a continuous demand for phosphate fertilizers.
Furthermore, the popularity of carbonated soft drinks and processed foods sustains the demand for phosphoric acid in the food and beverage sector. Consumer preferences for these products ensure a steady adoption rate. Phosphoric acid's versatility in industrial processes, from metal surface treatment to semiconductor manufacturing, has established it as a valuable chemical agent. Industries recognize its importance in ensuring the efficiency and quality of their operations. The importance of clean and potable water is a universal concern. Phosphoric acid's role in water treatment, reducing scale and corrosion, has led to its widespread adoption in municipal and industrial applications.
Moreover, Canada's vast landmass and diverse climate zones allow for various agricultural activities. The country produces a variety of crops, including grains, oilseeds, pulses, fruits, vegetables, and specialty crops. The primary agricultural regions in Canada include the Prairie provinces (Manitoba, Saskatchewan, and Alberta), which are known for grain and oilseed production, and the provinces of Ontario and Quebec, which have a strong presence in dairy, poultry, and horticulture.
In addition, as one of the world's top exporters of food, Canada's agriculture sector strongly depends on its capacity to trade with other nations. The Canadian government estimated that in 2022, Canada exported agricultural and food goods worth $92.8 billion. In 2022, there were 189,874 farms with farms covering 62.2 million hectares or 6.2% of Canada's land area. Consolidation and technological advances have almost doubled the average farm size over the last 50 years. Due to these factors, the demand for phosphoric acid will increase in North America.
The US market dominated the North America Phosphoric Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,796.6 million by 2030. The Mexico market is exhibiting a CAGR of 5.7% during (2023 - 2030). Additionally, The Canada market would experience a CAGR of 5.5% 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 U.S., Canada, Mexico, and Rest of North America.
Free Valuable Insights: The 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)
- US
- Mexico
- Canada
- Rest of North America
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
TABLE 1 North America Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 2 North America Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 3 North America Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 6 North America Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 7 North America Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Wet Process Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Wet Process Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Wet Process Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Wet Process Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Thermal Process Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Thermal Process Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Thermal Process Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Thermal Process Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 18 North America Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 19 North America Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Fertilizers Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Fertilizers Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Fertilizers Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Fertilizers Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Feed & Food Additives Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Feed & Food Additives Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Feed & Food Additives Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Feed & Food Additives Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Water Treatment Chemicals Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Water Treatment Chemicals Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Water Treatment Chemicals Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Water Treatment Chemicals Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Detergents Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Detergents Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Detergents Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Detergents Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Metal Treatment Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Metal Treatment Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Metal Treatment Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Metal Treatment Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Industrial Use Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Industrial Use Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Industrial Use Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Industrial Use Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 47 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 North America Phosphoric Acid Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Phosphoric Acid Market by Country, 2023 - 2030, USD Million
TABLE 51 North America Phosphoric Acid Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 North America Phosphoric Acid Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 US Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 54 US Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 55 US Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 56 US Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 57 US Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 58 US Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 59 US Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 60 US Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 61 US Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 62 US Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 63 US Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 US Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 Mexico Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 66 Mexico Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 67 Mexico Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 68 Mexico Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 69 Mexico Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 70 Mexico Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 71 Mexico Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 72 Mexico Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 73 Mexico Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 74 Mexico Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 75 Mexico Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 Mexico Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Canada Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 78 Canada Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 79 Canada Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Canada Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Canada Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 82 Canada Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 83 Canada Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 84 Canada Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 85 Canada Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 86 Canada Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 87 Canada Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Canada Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Rest of North America Phosphoric Acid Market, 2019 - 2022, USD Million
TABLE 90 Rest of North America Phosphoric Acid Market, 2023 - 2030, USD Million
TABLE 91 Rest of North America Phosphoric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 92 Rest of North America Phosphoric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 93 Rest of North America Phosphoric Acid Market by Source Type, 2019 - 2022, USD Million
TABLE 94 Rest of North America Phosphoric Acid Market by Source Type, 2023 - 2030, USD Million
TABLE 95 Rest of North America Phosphoric Acid Market by Source Type, 2019 - 2022, Kilo Tonnes
TABLE 96 Rest of North America Phosphoric Acid Market by Source Type, 2023 - 2030, Kilo Tonnes
TABLE 97 Rest of North America Phosphoric Acid Market by Application, 2019 - 2022, USD Million
TABLE 98 Rest of North America Phosphoric Acid Market by Application, 2023 - 2030, USD Million
TABLE 99 Rest of North America Phosphoric Acid Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 Rest of North America Phosphoric Acid Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 Key Information – PJSC "PhosAgro"
TABLE 102 Key Information – IFFCO
TABLE 103 Key Information – EuroChem Group AG
TABLE 104 Key Information – OCP SA
TABLE 105 Key Information – ICL Group Ltd.
TABLE 106 Key Information – Innophos Holdings, Inc.
TABLE 107 Key Information – Gujarat State Fertilizers & Chemicals Limited
TABLE 108 Key Information – Yara International ASA
TABLE 109 Key Information – The Mosaic Company
TABLE 110 Key Information – Nutrien Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Phosphoric Acid Market share by Source Type, 2022
FIG 6 North America Phosphoric Acid Market share by Source Type, 2030
FIG 7 North America Phosphoric Acid Market by Source Type, 2019 - 2030, USD Million
FIG 8 North America Phosphoric Acid Market share by Application, 2022
FIG 9 North America Phosphoric Acid Market share by Application, 2030
FIG 10 North America Phosphoric Acid Market by Application, 2019 - 2030, USD Million
FIG 11 North America Phosphoric Acid Market share by Country, 2022
FIG 12 North America Phosphoric Acid Market share by Country, 2030
FIG 13 North America 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