Phosphoric Acid Market Key Strategies, Historical Analysis, Application, Technology, Trends and Opportunities

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Phosphoric Acid Market Key Strategies, Historical
Analysis, Application, Technology, Trends and
Opportunities
Phosphoric Acid Market, By Process Type (Wet
Process and Thermal Process), Form (Solid and
Liquid), Grade (Technical Grade, Food Grade and
Feed Grade), Application (Food and Beverages,
Animal Feed, Personal Care, Chemical
Manufacturing, Leather and Textile, Cleaning
Agents, Ceramics and Refractories, Agricultural
Fertilizers, Metallurgy, Water Treatment,
Construction, Mining, Semiconductors, Oral and
Dental Care, Pharmaceuticals and Others),
Industry Trends and Forecast to 2028
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t
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Market Analysis and Insights
The global market is expected to grow in the
forecast period of 2021 to 2028. Data Bridge
Market Research analyses that the market is
growing with a CAGR of 4.2 in the forecast
period of 2021 to 2028 and is expected to reach
USD 47,718.13 million by 2028. Increased demand
for phosphoric acid in food and beverage and
pharmaceutical industries, thus driving the
global phosphoric acid market growth. Phosphoric
acid refers to a crystalline acid that is
generally weak, colourless, and odourless. These
inorganic materials are corrosive to the ferrous
metal alloys and possess good solubility in
water. These tend to get decomposed in high
temperature. These may form toxic fumes when
combined with alcohol. Thermal process, dry kiln
process and Wet process used for the production
of the phosphoric acid. It gives soft drinks a
tangy flavour and prevents the growth of mould
and bacteria, which can multiply easily in a
sugary solution. Most of sodas acidity also
comes from phosphoric acid.
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Major Key Players

• Some of the major players operating in this
  market are
• Nutrien Ltd
• OCP, J.R
• Simplot Company.
• Brenntag North America, Inc.
• Arkema, ICL
• Innophos, Spectrum Chemical
• Solvay
• Merck KGaA, Prayon  S.A.
• YPH
• Clariant AG,

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phosphoric-acid-market
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Market Segmentation

• By Process Type (Wet Process and Thermal Process)
• By Application (Food and Beverages, Animal Feed,
  Personal Care, Chemical Manufacturing, Leather
  and Textile, Oral and Dental Care,
  Pharmaceuticals and Others)
• By Form (Solid and Liquid)

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Regional Analysis

• Based on geography, the market is segmented into
  five geographical regions
• North America
• Europe
• Asia-Pacific
• South America
• Middle East
• Africa

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