Phosphoric Acid Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
Verfasser: riyasharma24mr on Thursday, 16 May 2019Phosphoric acid is a weak acid with the chemical formula H3PO4. It is widely used in fertilizer electronics, food and other industry.
Scope of the Report:
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.
The worldwide market for Phosphoric Acid is expected to grow at a CAGR of roughly 2.1% over the next five years, will reach 38140 million US$ in 2024, from 34390 million US$ in 2019, according to a new Research study.