Get the latest insights on price movement and trend analysis of Phosphoric Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Phosphoric Acid Price Change in July 2025? The Spot Price for Phosphoric Acid in the US declined 1.0% Q-o-Q in Q2 2025, reflecting a softer Price Index and tepid buying sentiment.

The Phosphoric Acid Market Report is Segmented by Grade (Fertilizer Grade, Food Grade, and More), Process (Wet-Process, Thermal-Process, and Secondary-Source/Recovery), End-User Industry (Fertilizer, Food and Beverages, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Phosphoric Acid, 52-54 Percent APA, Superphosphates and Other Phosphate Fertilizer Materials (WPU0652026A) from Dec 2014 to Jun 2025 about fertilizers, materials, chemicals, commodities, PPI, inflation, price index, indexes, price, and USA.

Why did the Phosphorus Acid Price Change in July 2025? Phosphorus Acid Price Index in China dropped by 5.2% quarter-on-quarter, settling at USD 1455/MT FOB Shanghai by June 2025.

The Middle Eastern phosphoric acid market fell slightly to $424M in 2024, stabilizing at the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $609M in 2015; however, from 2016 to 2024, consumption stood at a somewhat lower figure.

Phosphoric acid prices fell from 984 to 962 USD/MT in October YoY. A mild downtrend is expected in H1 2025, with stability in H2.

United States - Producer Price Index by Commodity: Chemicals and Allied Products: Phosphoric Acid, 52-54 Percent APA, Superphosphates and Other Phosphate Fertilizer Materials was 144.50700 Index Dec 2014=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Chemicals and Allied Products: Phosphoric Acid, 52-54 Percent APA, Superphosphates and Other Phosphate Fertilizer Materials reached a record high of 181.05600 in May of 2022 and a record low of 66.80000 in November of 2019. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Chemicals and Allied Products: Phosphoric Acid, 52-54 Percent APA, Superphosphates and Other Phosphate Fertilizer Materials - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Producer Price Index by Industry: Phosphatic Fertilizer Manufacturing: Phosphoric Acid, Superphosphates, and Other Phosphatic Fertilizer Materials (PCU325312325312A) from Dec 2009 to Jun 2025 about fertilizers, materials, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Explore the key factors influencing phosphoric acid pricing trends as of October 2023, including raw material costs, agricultural demand, and geopolitical events. Learn how supply chain disruptions, production capacities, and regulatory changes impact market stability.

Purified Phosphoric Acid Market Outlook

The global purified phosphoric acid market size was valued at approximately USD 1.8 billion in 2023 and is projected to reach around USD 2.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period. The growth of this market is driven by the increasing demand in various end-user industries such as electronics, food & beverages, and pharmaceuticals. Key growth factors include rising technological advancements, expanding applications across diverse industries, and increasing investments in research and development.

One of the primary growth factors for the purified phosphoric acid market is the burgeoning demand from the electronics industry. High-purity phosphoric acid is essential for semiconductor and microelectronics manufacturing processes, which are witnessing unprecedented growth due to the rapid development of smart technology and the Internet of Things (IoT). The expanding consumer electronics market, coupled with advancements in electronics manufacturing, is expected to drive the demand for purified phosphoric acid significantly. Furthermore, the ongoing miniaturization of electronic components and the need for high-quality materials in these applications are also contributing to market growth.

Another vital factor contributing to the market's growth is its application in the food and beverage industry. Purified phosphoric acid is extensively used as an acidulant and preservative in various food and beverage products. With the increasing global population and changing dietary habits, there is a growing demand for processed and convenience foods, which, in turn, is boosting the demand for food-grade phosphoric acid. Additionally, the stringent food safety regulations and the need for high-purity additives in food production are further propelling the market's expansion.

The pharmaceutical industry also plays a crucial role in driving the demand for purified phosphoric acid. This compound is used in the formulation of various pharmaceutical products, including dental cements, medications, and nutritional supplements. The increasing prevalence of chronic diseases and the aging population are fueling the growth of the pharmaceutical sector, thereby augmenting the demand for high-purity phosphoric acid. Furthermore, the continuous advancements in pharmaceutical research and the development of new drug formulations are expected to provide significant growth opportunities for the market.

The Wet Process Phosphoric Acid is a crucial variant of phosphoric acid that plays a significant role in the industrial production of phosphoric acid. This process involves the treatment of phosphate rock with sulfuric acid to produce phosphoric acid, which is then used in various applications such as fertilizers, animal feed, and industrial chemicals. The wet process is favored for its cost-effectiveness and efficiency in producing large quantities of phosphoric acid, making it a vital component in the global supply chain. The demand for wet process phosphoric acid is particularly high in regions with robust agricultural sectors, as it is a key ingredient in the production of phosphate fertilizers. As the global population continues to grow, the need for sustainable agricultural practices and efficient fertilizer production is expected to drive the demand for wet process phosphoric acid.

From a regional perspective, Asia Pacific is poised to dominate the purified phosphoric acid market during the forecast period, owing to the presence of major end-user industries and a robust manufacturing base. The region's rapid industrialization, along with increasing investments in the electronics and pharmaceutical sectors, is expected to drive market growth. In contrast, North America and Europe will witness moderate growth due to established industries and stringent regulations. However, the rising demand for high-quality materials in these regions will sustain the market's growth. Latin America and the Middle East & Africa are anticipated to experience slower growth due to economic constraints and less industrial diversification.

Grade Analysis

The purified phosphoric acid market is segmented by grade into electronic grade, food grade, and technical grade. Each grade of phosphoric acid caters to specific applications and industries, driving the demand in different ways. The electronic grade purified phosphoric acid is highly sought after in the el

Purified Phosphoric Acid Market size was valued at USD 65 Billion in 2023 and is projected to reach USD 105.04 Billion by 2031, growing at a CAGR of 6.55% during the forecast period 2024-2031.

Global Purified Phosphoric Acid Market Drivers

The market drivers for the Purified Phosphoric Acid Market can be influenced by various factors. These may include:

Increasing Demand from Food and Beverage Industry: The Purified Phosphoric Acid Market is significantly driven by its widespread application in the food and beverage sector. It is commonly used as an acidulant, flavoring agent, and preservative in various products, including soft drinks and processed foods. The growing consumer preference for enhanced taste and preservation methods fuels this demand. Additionally, as health consciousness rises, manufacturers are focusing on cleaner labels, boosting the demand for high-purity phosphoric acid, which is essential for meeting regulatory standards. This trend is accompanied by the rising production of carbonated beverages, further propelling market growth in the food industry. Expansion of Fertilizer Production: Another key driver for the Purified Phosphoric Acid Market is the expansion of the agriculture sector, particularly in fertilizer production. Phosphoric acid is a critical ingredient in the manufacturing of phosphate fertilizers, which are vital for enhancing crop yields and improving soil health. With the increasing global population and the corresponding demand for food production, the need for efficient fertilizers has surged. Government initiatives to boost agricultural output and advancements in farming techniques also contribute to this trend. Additionally, the rise of sustainable agricultural practices further emphasizes the importance of phosphate fertilizers, supporting continued market growth. Growing Industrial Applications: Purified phosphoric acid is utilized across various industrial applications, including metal treatment, manufacturing of pharmaceuticals, and production of detergents. In metal treatment, it is employed for rust removal and surface preparation, while in pharmaceuticals, it acts as an important reagent. The increasing industrialization and the requirement for efficient cleaning and treatment processes are propelling the demand for purified phosphoric acid. Furthermore, the growth of the personal care and cosmetic industries, where phosphoric acid serves as pH adjusters and stabilizers, also boosts its market presence. This diversity in applications is a crucial driver for market expansion. Regulatory Compliance and Quality Standards: Regulatory compliance and stringent quality standards significantly influence the Purified Phosphoric Acid Market. Industries such as food and beverage, pharmaceuticals, and agriculture are subject to rigorous regulations to ensure safety and quality. Manufacturers must meet these standards to maintain their market position, leading to increased consumption of high-purity phosphoric acid. This necessity for compliance drives innovation in production processes to enhance quality. Moreover, consumer awareness regarding product safety and purity standards has risen, forcing companies to adopt higher quality materials and processes, thereby stimulating growth in the purified phosphoric acid segment. Technological Advancements in Production: Technological advancements in the production of phosphoric acid have emerged as a vital market driver. Innovations in extraction and purification techniques improve efficiency and reduce production costs, facilitating higher quality and consistency in the final product. Enhanced methodologies, such as membrane technology and solvent extraction, enable producers to meet the rising demand for higher purity levels more effectively. Furthermore, these advancements help reduce the environmental impact of production processes, aligning with global sustainability goals. As competitiveness increases within the industry, companies are increasingly investing in research and development, which is encouraging market expansion and innovation.

Unlock growth with Food Grade Phosphoric Acid Market analysis—insights into size, share, and upcoming opportunities.

In 2024, the Chinese phosphoric acid market decreased by -16.3% to $3.2B, falling for the second year in a row after two years of growth. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $4.9B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

United States - Producer Price Index by Industry: Phosphatic Fertilizer Manufacturing: Phosphoric Acid, Superphosphates, and Other Phosphatic Fertilizer Materials was 211.10300 Index Dec 2009=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Phosphatic Fertilizer Manufacturing: Phosphoric Acid, Superphosphates, and Other Phosphatic Fertilizer Materials reached a record high of 256.11000 in May of 2022 and a record low of 93.50000 in November of 2019. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Phosphatic Fertilizer Manufacturing: Phosphoric Acid, Superphosphates, and Other Phosphatic Fertilizer Materials - last updated from the United States Federal Reserve on August of 2025.

The purified phosphoric acid market is experiencing robust growth, driven by increasing demand across diverse sectors. The fertilizers industry remains the dominant application, fueled by global population growth and the rising need for enhanced crop yields. Food and beverage applications, while smaller in volume, exhibit significant growth potential due to the increasing use of phosphoric acid as a food additive and in the production of processed foods. The electronics industry's consistent demand for high-purity phosphoric acid for semiconductor manufacturing also contributes to market expansion. A projected Compound Annual Growth Rate (CAGR) of, for example, 5% over the forecast period (2025-2033) suggests a considerable market expansion, with the market size reaching an estimated $15 billion by 2033 (assuming a 2025 market size of $10 billion, a reasonable estimate based on similar markets). This growth is anticipated despite certain restraints, such as fluctuating raw material prices and environmental regulations concerning phosphate mining and processing. However, technological advancements in production processes, leading to higher efficiency and reduced environmental impact, are mitigating these challenges. Market segmentation by type reveals a substantial share held by fertilizer-grade phosphoric acid, reflecting the dominant role of the fertilizer industry. However, the electronic-grade segment is expected to witness faster growth due to technological advancements and the increasing demand from the electronics sector. Geographically, North America and Asia-Pacific are expected to dominate the market due to the substantial agricultural sector in North America and the rapid industrialization and economic growth in Asia-Pacific. Competition is intense, with established players like OCP, Mosaic, and PhosAgro vying for market share against regional players. Strategic partnerships, mergers and acquisitions, and continuous innovation in production technologies will play crucial roles in shaping the competitive landscape in the years to come. The market presents significant opportunities for players focusing on sustainable production practices and catering to the growing demand for high-purity phosphoric acid.

Phosphoric Acid Market valued USD 49.6 Billion in 2024 and is projected to surpass USD 67.3 Billion through 2032

In 2023, after three years of growth, there was significant decline in supplies from abroad of phosphoric acid and polyphosphoric acids, when their volume decreased by -46.2% to 2.5M tons.

Food Grade Phosphoric Acid Market was valued at USD 2.10 Billion in 2024 and is expected to reach USD 2.54 Billion by 2030 with a CAGR of 3.40%.

Global Phosphoric Acid Market was valued at USD 43018.09 Million in 2023 and is expected to reach USD 55070.44 Million by 2030 with a CAGR of 3.75% during the forecast period.