Phosphoric Acid Market Size | Industry Trends & Growth Insights 2025

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Code: MTA10310

Publication Date: Oct 2025

What is the size of Phosphoric Acid Market?

According to 6Wresearch internal database and industry insights, the global phosphoric acid market size was valued at approximately USD 45 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2025 to 2031.

The main drivers of this growth are the rising demand for phosphate-based fertilisers in agriculture, increasing use of acidulants in food and beverages, and growing industrial applications in metal treatment and water purification.

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Growth Factors for Phosphoric Acid Industry

Expansion of high-yield crop cultivation raises the need for phosphate fertilisers.
Increasing use of phosphoric acid as an acidulant in processed foods and soft drinks.
Rising industrial water-treatment and metal-finishing applications are demanding phosphoric acid.
Growing production of electronic-grade phosphoric acid for semiconductor and battery uses.
Innovations in the recovery and recycling of phosphate resources are reducing raw-material constraints.

Phosphoric Acid Market Trends

The Phosphoric Acid Market trends indicate a preference for higher-purity grades of phosphoric acid for food, feed, and speciality industrial applications, with the established fertiliser sector continuing to dominate the market. However, demand for sustainably sourced and reclaimed phosphates is rapidly increasing. Areas with large agricultural bases continue to lead in demand, while growth in electronics and energy storage applications is anticipated to grow, particularly for phosphoric acid derivatives.

Emerging Developments in the Phosphoric Acid Market

The developments in the Phosphoric Acid Market include the refinement of wet-process and thermal-process technologies to increase efficiency and sustainability. Producers are piloting new phosphoric acids from secondary sources like reclaimed phosphate rock and waste streams. There is continued interest among producers to form partnerships and increase expansion plans to meet the growing demand in fertiliser, food-grade, and high-purity industrial phosphoric acid segments.