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.

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

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.

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.

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.

The average import price for phosphoric acid in the EU reached $703 per ton in 2021.

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.

Explore the fluctuating market dynamics of phosphoric acid pricing, driven by raw material costs, energy prices, global demand, and geopolitical factors. Stay informed for strategic planning in industries relying on this essential chemical.

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.

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.

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.

The global production of phosphoric acid reached a volume of roughly 84.14 million metric tons in 2022, up from 62.8 million metric tons in 2009. Phosphoric acid is an inorganic chemical used extensively in fertilizers, food additives, and detergents, among others.

The CIS phosphoric acid market rose rapidly to $5.8B in 2024, with an increase of 9.9% against the previous year. In general, consumption enjoyed a resilient increase. As a result, consumption reached the peak level of $6B. From 2023 to 2024, the growth of the market failed to regain momentum.

Graph and download economic data for Producer Price Index by Industry: Phosphatic Fertilizer Manufacturing: Phosphoric Acid (DISCONTINUED) (PCU3253123253121Y) from Dec 1976 to Jan 1997 about fertilizers, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

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 Jordanian phosphoric acid market totaled $33M in 2024, almost unchanged from the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2024: its value increased at an average annual rate of +4.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -1.7% against 2022 indices.

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

The global high-purity phosphoric acid market is experiencing robust growth, driven by increasing demand from diverse sectors. Let's assume a 2025 market size of $5 billion USD (a reasonable estimate given the scale of the involved industries and the high value of specialized chemicals like high-purity phosphoric acid). Considering a CAGR of, let's say, 6% (a conservative estimate considering industry growth trends), the market is projected to reach approximately $7.5 billion USD by 2033. This growth is fueled primarily by the expansion of the fertilizer industry, particularly in developing economies experiencing agricultural intensification. The food and beverage sector's demand for high-purity phosphoric acid as a food additive and acidity regulator also contributes significantly to market expansion. Furthermore, the electronics industry's utilization of this chemical in specialized applications like semiconductor manufacturing represents a niche but rapidly growing segment. Several factors contribute to the market's positive outlook. These include advancements in production technologies leading to enhanced purity levels and cost-efficiency. The increasing stringency of food safety and environmental regulations are also driving adoption, with high-purity phosphoric acid offering a solution compliant with stricter standards. However, potential restraints include fluctuations in raw material prices (primarily phosphate rock) and the potential for environmental concerns related to phosphoric acid production and disposal. The market is segmented by purity level (2N, 3N, 4N) and application (fertilizers, food & beverages, electronics, others), with the fertilizer sector currently dominating market share, followed by the food and beverage industry. Competitive dynamics are shaped by a mix of large multinational corporations and regional players, with ongoing efforts focused on product innovation, geographic expansion, and strategic partnerships. This report provides a comprehensive analysis of the High Purity Phosphoric Acid market, projecting a market value exceeding $20 billion by 2030. It delves into key aspects influencing market growth, focusing on production capacities, technological advancements, and competitive landscapes.

Explore the Phosphoric Acid Manufacturing Plant Project Report 2025 by Procurement Resource. Stay updated on Phosphoric Acid manufacturing cost analysis, procurement insights, ROI, and market evaluation.