The phosphoric acid market size is USD 6.2 Bn in 2026.
The phosphoric acid market is projected to grow at a CAGR of 4% by 2033.
The phosphoric acid market growth drivers include rising demand for phosphate fertilizers (MAP and DAP), increasing agricultural output, and growing use in fuel cells and food applications.
Asia Pacific is the dominating region for phosphoric acid market.
OCP Group, The Mosaic Company, Nutrien Ltd., Yara International ASA, and Saudi Basic Industries Corporation (SABIC) are some leading industry players in the phosphoric acid market.