Global Phosphoric Acid Market Growth 2019-2024 –

Research By Markets adds Market Research Report - Global Phosphoric Acid Market Growth 2019-2024 –

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Phosphoric acid is a weak acid with the chemical formula H3PO4. It is widely used in fertilizer electronics, food and other industry.
Phosphoric acid is an inorganic mineral acid and can be referred to as phosphoric (V) acid or orthophosphoric acid. In addition to being a chemical reagent, phosphoric acid acts as rust inhibitor, dental and orthopedic etchant, flux, electrolyte, industrial etchant, dispersing agent, home cleaning product and fertilizer feedstock. Phosphate fertilizer is a major application of phosphoric acid which consumes approximately 90% of the production.
Phosphoric Acid can be mainly divided into Electronic Grade, Food Grade and Tech Grade. which Tech Grade captures about 88% of Phosphoric Acid market in 2018. According to our research.
Technical grade consumption is concentrated in the fertilizer industry in China. The consumption of the most value-added electronic grade phosphoric acid is mainly concentrated in the electronics industry in China, especially in China’s display panel industry.

According to this study, over the next five years the Phosphoric Acid market will register a 2.3% CAGR in terms of revenue, the global market size will reach US$ 36580 million by 2024, from US$ 32690 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Phosphoric Acid business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Phosphoric Acid market by product type, application, key manufacturers and key regions and countries.

This study considers the Phosphoric Acid value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Electronic Grade
Food Grade
Tech Grade
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Food & Beverages

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
PotashCorp (Nutrien)
Tunisian Chemical Group (GCT)
ICL Performance Products
Hubei Xingfa Chemicals Group
Chengxing Group
Wengfu Group
Tongling Chemical Industry Group
Kailin Group
Hubei Xinyangfeng Fertilizer

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Phosphoric Acid consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Phosphoric Acid market by identifying its various subsegments.
Focuses on the key global Phosphoric Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Phosphoric Acid with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Phosphoric Acid submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Ritesh Tiwari is the Founder of Research By Markets, a leading Market Research Reports Reseller trusted by Fortune listed companies for their requirements of Syndicated and Custom Market Research Reports. Ritesh has an overall experience of 18+ years in Recruitments, Sales and Operations. He has been associated with the Market Research industry for the past 7 years. He is an avid foodie as well as a huge football fan being a supporter of Manchester United (EPL) and FC Barcelona (La Liga). Get in touch with him via *Market Research News is a part of Research By Markets.