Market Forecast By Process Type (Wet Process, Thermal Process, Others), By Application (Home Cleaning Agents, Fertilizer Chemicals), By Fertilizer Type (Mono-Ammonium Phosphate (MAP), Diammonium Phosphate (DAP), Triple Superphosphate (TSP)), By End-Users (Electronics, Beverage, Medical, Food, Fertilizer, Others), By Grade (Food-Grade, Technical Grade) And Competitive Landscape
Product Code: ETC129536 | Publication Date: Jun 2021 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Oman Phosphoric Acid Market report thoroughly covers the market by process type, by application, by fertilizer type, by end users, and by grade. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Oman is one of the most prolific phosphate-producing countries in the world. Oman's phosphoric acid industry has been augmented underpinned by various drivers such as a stable government and a competitive workforce. The demand for phosphoric acid is increasing with the growing demand for fertilizers to meet the increasing food requirements. In addition, the growing use of phosphoric acid in the animal feed industry as an essential mineral supplement for livestock, contributing to the market growth.
According to 6Wresearch, the Oman Phosphoric Acid Market size is projected to grow at a CAGR of 4.5% during the forecast period 2025-2031. Oman's abundant natural phosphate reserves, low-cost labour expenses, and proximity to high-demand markets are the primary growing aspects of growth in the country's phosphoric acid industry. The rapidly increasing global population and the growing demand for food have created immense opportunities for market, and the government is constantly working towards attracting foreign investments in this sector. On the other hand, some challenges that may impact Oman Phosphoric Acid Market growth. One such is the rising operational costs involved in the extraction and processing of phosphate reserves. The transportation of raw materials, along with other energy and labor costs.
However, several trends in recent years are shaping the market growth, such as an increasing emphasis on expanding downstream capabilities in the industry. Oman is also actively leveraging smart technology, including Artificial intelligence and the Internet of Things, to streamline the country's mining ecosystem, which offer a more innovative and efficient process to the industry. The government of Oman has also been initiating various initiatives such as ramping up public-private partnerships and prioritizing human development to attract investment in the industry.
The government of the country is taking several measures to promote the phosphoric acid market in the country. The government is encouraging a holistic approach to the industry, including developing the domestic phosphoric acid production chain and encouraging foreign investment in the sector. Oman is also advancing towards creating a hub for fertilizers and petrochemicals in the region, providing a relevant operational environment to several phosphoric acid producers and distributors.
The Oman phosphoric acid market is highly competitive with the presence of several manufacturers operating in the industry. Some of the leading players in the market include The OCP Group, The Mosaic Company, Phosphate Development Corporation (PHOSPHATECORP), Gulf Mining Group, Indo Maroc Phosphore S.A. (IMACID), Golden Energy and Resources Limited, etc.
According to Dhaval, Research Manager, 6Wresearch, the wet process is the fastest-growing segment of the market. It is environmentally friendly, produces high-purity phosphoric acid, and is more economical than other production methods.
Based on the application, home cleaning agents is driving the increase in phosporic acid usage in Oman's home cleaning agents market. Factors including changing consumer behaviors, increased hygiene and cleaning requirements, decreased use of phosphate fertilizer chemicals, and investment in innovation
The report offers a comprehensive study of the subsequent market segments:
Oman Phosphoric Acid |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Oman Phosphoric Acid Market Overview |
3.1 Oman Country Macro Economic Indicators |
3.2 Oman Phosphoric Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Oman Phosphoric Acid Market - Industry Life Cycle |
3.4 Oman Phosphoric Acid Market - Porter's Five Forces |
3.5 Oman Phosphoric Acid Market Revenues & Volume Share, By Process Type, 2021 & 2031F |
3.6 Oman Phosphoric Acid Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Oman Phosphoric Acid Market Revenues & Volume Share, By Fertilizer Type, 2021 & 2031F |
3.8 Oman Phosphoric Acid Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.9 Oman Phosphoric Acid Market Revenues & Volume Share, By Grade, 2021 & 2031F |
4 Oman Phosphoric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Oman Phosphoric Acid Market Trends |
6 Oman Phosphoric Acid Market, By Types |
6.1 Oman Phosphoric Acid Market, By Process Type |
6.1.1 Overview and Analysis |
6.1.2 Oman Phosphoric Acid Market Revenues & Volume, By Process Type, 2021 - 2031F |
6.1.3 Oman Phosphoric Acid Market Revenues & Volume, By Wet Process, 2021 - 2031F |
6.1.4 Oman Phosphoric Acid Market Revenues & Volume, By Thermal Process, 2021 - 2031F |
6.1.5 Oman Phosphoric Acid Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Oman Phosphoric Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Oman Phosphoric Acid Market Revenues & Volume, By Home Cleaning Agents, 2021 - 2031F |
6.2.3 Oman Phosphoric Acid Market Revenues & Volume, By Fertilizer Chemicals, 2021 - 2031F |
6.3 Oman Phosphoric Acid Market, By Fertilizer Type |
6.3.1 Overview and Analysis |
6.3.2 Oman Phosphoric Acid Market Revenues & Volume, By Mono-Ammonium Phosphate (MAP), 2021 - 2031F |
6.3.3 Oman Phosphoric Acid Market Revenues & Volume, By Diammonium Phosphate (DAP), 2021 - 2031F |
6.3.4 Oman Phosphoric Acid Market Revenues & Volume, By Triple Superphosphate (TSP), 2021 - 2031F |
6.4 Oman Phosphoric Acid Market, By End-Users |
6.4.1 Overview and Analysis |
6.4.2 Oman Phosphoric Acid Market Revenues & Volume, By Electronics, 2021 - 2031F |
6.4.3 Oman Phosphoric Acid Market Revenues & Volume, By Beverage, 2021 - 2031F |
6.4.4 Oman Phosphoric Acid Market Revenues & Volume, By Medical, 2021 - 2031F |
6.4.5 Oman Phosphoric Acid Market Revenues & Volume, By Food, 2021 - 2031F |
6.4.6 Oman Phosphoric Acid Market Revenues & Volume, By Fertilizer, 2021 - 2031F |
6.4.7 Oman Phosphoric Acid Market Revenues & Volume, By Others, 2021 - 2031F |
6.5 Oman Phosphoric Acid Market, By Grade |
6.5.1 Overview and Analysis |
6.5.2 Oman Phosphoric Acid Market Revenues & Volume, By Food-Grade, 2021 - 2031F |
6.5.3 Oman Phosphoric Acid Market Revenues & Volume, By Technical Grade, 2021 - 2031F |
7 Oman Phosphoric Acid Market Import-Export Trade Statistics |
7.1 Oman Phosphoric Acid Market Export to Major Countries |
7.2 Oman Phosphoric Acid Market Imports from Major Countries |
8 Oman Phosphoric Acid Market Key Performance Indicators |
9 Oman Phosphoric Acid Market - Opportunity Assessment |
9.1 Oman Phosphoric Acid Market Opportunity Assessment, By Process Type, 2021 & 2031F |
9.2 Oman Phosphoric Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Oman Phosphoric Acid Market Opportunity Assessment, By Fertilizer Type, 2021 & 2031F |
9.4 Oman Phosphoric Acid Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.5 Oman Phosphoric Acid Market Opportunity Assessment, By Grade, 2021 & 2031F |
10 Oman Phosphoric Acid Market - Competitive Landscape |
10.1 Oman Phosphoric Acid Market Revenue Share, By Companies, 2024 |
10.2 Oman Phosphoric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |