Wet Process Phosphoric Acid Market, Global Outlook and Forecast 2023-2029

Wet-process phosphoric acid (H3PO4) is produced by the decomposition of phosphate raw material (apatite concentrate) with sulfuric acid and by the filtration of prepared pulp. Wet-process phosphoric acid is the main raw material in the production of phosphoric and compound fertilizers, feed phosphates.
This report aims to provide a comprehensive presentation of the global market for Wet Process Phosphoric Acid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wet Process Phosphoric Acid. This report contains market size and forecasts of Wet Process Phosphoric Acid in global, including the following market information:
Global Wet Process Phosphoric Acid Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Wet Process Phosphoric Acid Market Sales, 2018-2023, 2024-2029, (MT)
Global top five Wet Process Phosphoric Acid companies in 2022 (%)
The global Wet Process Phosphoric Acid market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Nitric Acid Method Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Wet Process Phosphoric Acid include BBS, Prayon, WENGFU GROUP, Febex, Taixing Nanlin Chemical, Gujarat Alkalies, OCP, Aditya Birla Chemicals and BK Giulini, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Wet Process Phosphoric Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Wet Process Phosphoric Acid Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Wet Process Phosphoric Acid Market Segment Percentages, by Type, 2022 (%)
    Nitric Acid Method
    Hydrochloric Acid Method
    Sulfuric Acid Method
Global Wet Process Phosphoric Acid Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Wet Process Phosphoric Acid Market Segment Percentages, by Application, 2022 (%)
    Chemical
    Pharmatheutics
Global Wet Process Phosphoric Acid Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Wet Process Phosphoric Acid Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Wet Process Phosphoric Acid revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Wet Process Phosphoric Acid revenues share in global market, 2022 (%)
Key companies Wet Process Phosphoric Acid sales in global market, 2018-2023 (Estimated), (MT)
Key companies Wet Process Phosphoric Acid sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    BBS
    Prayon
    WENGFU GROUP
    Febex
    Taixing Nanlin Chemical
    Gujarat Alkalies
    OCP
    Aditya Birla Chemicals
    BK Giulini
Outline of Major Chapters:
Chapter 1: Introduces the definition of Wet Process Phosphoric Acid, market overview.
Chapter 2: Global Wet Process Phosphoric Acid market size in revenue and volume.
Chapter 3: Detailed analysis of Wet Process Phosphoric Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Wet Process Phosphoric Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Wet Process Phosphoric Acid capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.