by
According to the Foreclaro Global Research, the
Global
Phosphorous Acid Market size was valued at USD 35120.2 million in 2024. The report “Global
Phosphorous Acid Market Segmentation By Form (Liquid Phosphorous
Acid, Solid Phosphorous Acid), By Grade (Technical Grade, Pharmaceutical Grade,
Food Grade), By Application (Agrochemicals, Water Treatment Chemicals,
Pharmaceuticals, Plastic and Polymer Additives, Food and Beverage, Other Industrial
Applications)- Industry
Trends and Forecast to 2033” gives a detailed insight into current market dynamics and provides
analysis on future market growth.
Phosphorous acid is one of the chemicals that
the global market is using and it is getting stabilized at every point along
the way. The major contributing factor to this stabilization is the list of
diverse applications in the industries of Agrochemical, Water Treatment,
Plastics, and Pharmaceuticals. Phosphorous acid (H₃PO₃) is the queen chemical
in the synthesis of phosphonates that are mostly used in agriculture as
fungicides, and taking the other industries like corrosion inhibition and
stabilization where they are also used. The demand for crop protection agents
that are efficient and industrial formulations with high-performance additives
are the key reasons for the market to expand. Moreover, agricultural activities
in the emerging economies and the advancements in chemical synthesis technology
are also playing a significant role in the market growth. The Asia-Pacific
region is the strongest region in terms of market share, as well as the
country's strong chemical manufacturing infrastructure of China and India.
Still, there are environmental and safety issues related to the storage and
handling, along with very strict regulations, that are posed as the main
obstacles to those who are in the business of dealing with these sectors.
Nevertheless, companies that are going to devote their resources to producing
high-purity phosphorous acid for specific applications and eco-friendly
production methods will be the ones to benefit from this situation in the years
to come as it will open promising doors for them.
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Global Phosphorous
Acid Market Report Highlights
· The
market for global phosphorous acid is growing steadily and it is mainly due to
the requirements of agrochemicals, water treatments, and industrial
applications.
· It
is mainly produced in the course of making phosphonates, which are the key raw
materials for pesticides, inhibitors of corrosion, and other substances used
for several industrial applications.
· The
Asia-Pacific region is the largest market due to China's and India's strong
chemical manufacturing bases, plus their growing agricultural sectors.
· The
continuous developments in eco-friendly synthesis and high purity phosphorous
acid production are making the processes more efficient and sustainable.
· On
the other hand, strict environmental regulations, dangers of handling and
changing prices of raw materials are the main factors inhibiting the growth of
the market.
· However,
the increasing investments in green chemistry, modernization of agriculture,
and production of specialty chemicals will create long-term market
opportunities.
Foreclaro
Global Research has segmented the Phosphorous Acid Market report based on Form,
Grade, Application and region:
Phosphorous
Acid Market, Form Outlook (Revenue - USD Million, 2020 - 2033)
Liquid
Phosphorous Acid
Solid
Phosphorous Acid
Phosphorous
Acid Market, Grade Outlook (Revenue - USD Million, 2020 - 2033)
Technical
Grade
Pharmaceutical
Grade
Food Grade
Phosphorous
Acid Market, Application Outlook (Revenue - USD Million, 2020 - 2033)
Agrochemicals
Water
Treatment Chemicals
Pharmaceuticals
Plastic and
Polymer Additives
Food and
Beverage
Other
Industrial Applications
Phosphorous
Acid Market, Regional Outlook (Revenue - USD Million, 2020 - 2033)
North
America
·
United
States
·
Canada
·
Mexico
Europe
·
United
Kingdom
·
Germany
·
France
·
Spain
·
Italy
·
Rest
of Europe
Asia
Pacific
·
China
·
India
·
Japan
·
Australia
·
South
Korea
·
Rest
of Asia Pacific
Latin
America
·
Brazil
·
Argentina
·
Rest
of Latin America
Middle East
& Africa
·
Saudi
Arabia
·
South
Africa
·
Rest
of MEA
Global Phosphorous Acid Market Key Players
·
The Mosaic Company
·
PJSC PhosAgro
·
Nutrien
·
IFFCO
·
EuroChem Group AG
·
Prayon Group
·
Israel Chemical Ltd.
·
Yara International
·
OCP S.A.
·
Aditya Birla Group
