인산 시장 규모, 점유율, 성장 및 세계 업계 분석 : 유형 및 용도별, 지역별 인사이트 및 예측(2026-2034년)

Growth Factors of phosphoric acid Market

The global phosphoric acid market was valued at USD 38.91 billion in 2025 and is projected to grow to USD 40.94 billion in 2026, reaching USD 59.37 billion by 2034, exhibiting a CAGR of 4.70% during 2026-2034. The market demonstrates steady expansion due to rising demand from fertilizers, food processing, and industrial applications.

Phosphoric acid (H3PO4) plays a crucial role in the production of phosphate salts such as DAP (diammonium phosphate), MAP (monoammonium phosphate), and TSP (triple superphosphate). These are essential for improving soil fertility and agricultural productivity. Beyond fertilizers, it is widely used in animal feed, food additives, dental products, textiles, and water treatment, making it one of the most versatile inorganic acids globally.

Despite temporary disruptions caused by the COVID-19 pandemic, including reduced fertilizer consumption in 2020, the market has regained momentum due to recovery in agriculture and industrial sectors.

Market Share Insights

Asia Pacific dominated the global phosphoric acid market with a 55.30% share in 2025, driven by strong agricultural demand and chemical production capacity in countries such as China and India.

• Fertilizers segment remains the dominant application
• Growing reliance on phosphate fertilizers to enhance crop yields supports long-term demand
• Expanding agricultural activities and food security initiatives further strengthen market growth

Market Trends

Declining Arable Land Driving Fertilizer Demand

A key trend shaping the market is the decline in per capita arable land. With increasing urbanization, farmland availability per person is decreasing, creating pressure to increase agricultural output.

• Farmers are focusing on high-efficiency fertilizers
• Demand for phosphoric acid is rising as it enhances soil fertility
• Increased use of phosphate-based fertilizers is becoming essential for food security

This trend is expected to significantly boost phosphoric acid consumption globally.

Market Growth Drivers

Rising Demand for Phosphate Fertilizers

Phosphoric acid is a critical raw material for fertilizers such as DAP and MAP, which are widely used across the agricultural sector.

• DAP is one of the most commonly used fertilizers globally
• Provides essential nutrients like phosphorus and nitrogen
• Improves crop yield, quality, and soil productivity

Growing global population and rising food demand are accelerating fertilizer usage, thereby driving phosphoric acid market growth.

Expanding Agricultural and Food Industries

The increasing consumption of food and agricultural products has boosted demand for efficient fertilizers and feed additives. Additionally:

• Animal feed demand is rising due to increased meat consumption
• Food-grade phosphoric acid is widely used in beverages and processed food

These factors collectively support steady market expansion.

Market Restraining Factors

Environmental Regulations and Sustainability Concerns

Strict environmental regulations regarding fertilizer production and usage pose challenges to market growth.

• Emission control policies increase production costs
• Waste management and phosphogypsum disposal regulations impact manufacturers
• Global sustainability initiatives limit excessive fertilizer usage

These factors may restrain market expansion, particularly in developed regions.

Segmentation Analysis

By Application

The market is segmented into fertilizers, animal feed, food additives, and others.

• Fertilizers segment dominated with 84.66% share in 2026
• Increasing need for soil nutrient management drives dominance
• Animal feed segment is also growing due to rising protein consumption

Phosphorus remains essential for plant and animal health, ensuring continued demand across segments.

Regional Insights

Asia Pacific

Asia Pacific led the market with a value of USD 21.51 billion in 2025, rising to USD 22.77 billion in 2026.

• China accounts for over 40% of regional demand
• India shows strong growth due to expanding agriculture and chemical industries
• Increasing government support for food production boosts demand

North America

The market reached USD 4.88 billion in 2025 and USD 5.09 billion in 2026.

• Growth driven by food additives and animal feed applications
• Stable demand supported by advanced agricultural practices

Europe

Europe generated USD 4.04 billion in 2025, growing to USD 4.21 billion in 2026.

• Strong regulatory environment
• Demand focused on high-value applications like food and feed

Latin America & Middle East & Africa

• Latin America: USD 6.24 billion (2025) -> USD 6.56 billion (2026)
• Middle East & Africa: USD 2.24 billion (2025) -> USD 2.31 billion (2026)

Growth is driven by expanding agriculture and improving infrastructure.

Key Industry Players

Major companies operating in the phosphoric acid market include:

• Nutrien
• The Mosaic Company
• OCP Group
• Ma'aden
• EuroChem Group AG
• Solvay S.A.
• Arkema

These players focus on capacity expansion, mergers, and R&D investments to strengthen their market position.

Key Industry Developments

• February 2024: Coromandel International announced capacity expansion in India
• December 2023: PhosAgro planned to increase agrochemical production by 1.4 million tons by 2026
• Strategic partnerships and acquisitions continue to shape competitive dynamics

Conclusion

The global phosphoric acid market is set for steady and sustained growth, rising from USD 38.91 billion in 2025 to USD 59.37 billion by 2034. This growth is primarily driven by increasing demand for phosphate fertilizers, rising food production needs, and expanding applications in animal feed and food processing industries. While environmental regulations and sustainability concerns pose challenges, ongoing technological advancements and efficient fertilizer usage practices are expected to balance these constraints. Overall, the market presents strong long-term opportunities, particularly in emerging economies where agricultural expansion and food security remain top priorities.

Segmentation By Application

• Fertilizers
• Animal Feed
• Food Additives
• Others

By Geography

• North America (By Application, By Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Application, By Country)
  • Germany (By Application)
  • U.K. (By Application)
  • France (By Application)
  • Italy (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Application, By Country)
  • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • ASEAN (By Application)
  • Rest of Asia Pacific (By Application)
• Latin America (By Application, By Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
• Middle East & Africa (By Application, By Country)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of Middle East & Africa (By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Regions
• 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
• 4.3. Latest Technological Advancement
• 4.4. Insights on Regulatory Scenario
• 4.5. Porters Five Forces Analysis
• 4.6. Impact of COVID-19 on the Market

5. Global Phosphoric Acid Market Analysis, Insights and Forecast, 2021-2034

• 5.1. Key Findings / Summary
• 5.2. By Application (Volume/Value)
  • 5.2.1. Fertilizers
    • 5.2.1.1. Diammonium Phosphate (DAP)
    • 5.2.1.2. Monoammonium Phosphate (MAP)
    • 5.2.1.3. Trisodium Phosphate (TSP)
    • 5.2.1.4. Others
  • 5.2.2. Animal Feed
  • 5.2.3. Food Additives
  • 5.2.4. Others
• 5.3. By Region (Volume/Value)
  • 5.3.1. North America
  • 5.3.2. Europe
  • 5.3.3. Asia Pacific
  • 5.3.4. Latin America
  • 5.3.5. Middle East & Africa

6. North America Phosphoric Acid Market Analysis, Insights and Forecast, 2021-2034

• 6.1. Key Findings / Summary
• 6.2. By Application (Volume/Value)
  • 6.2.1. Fertilizers
    • 6.2.1.1. Diammonium Phosphate (DAP)
    • 6.2.1.2. Monoammonium Phosphate (MAP)
    • 6.2.1.3. Trisodium Phosphate (TSP)
    • 6.2.1.4. Others
  • 6.2.2. Animal Feed
  • 6.2.3. Food Additives
  • 6.2.4. Others
• 6.3. By Country (Volume/Value)
  • 6.3.1. U.S.
    • 6.3.1.1. By Application (Volume/Value)
      • 6.3.1.1.1. Fertilizers
        • 6.3.1.1.1.1. Diammonium Phosphate (DAP)
        • 6.3.1.1.1.2. Monoammonium Phosphate (MAP)
        • 6.3.1.1.1.3. Trisodium Phosphate (TSP)
        • 6.3.1.1.1.4. Others
      • 6.3.1.1.2. Animal Feed
      • 6.3.1.1.3. Food Additives
      • 6.3.1.1.4. Others
  • 6.3.2. Canada
    • 6.3.2.1. By Application (Volume/Value)
      • 6.3.2.1.1. Fertilizers
        • 6.3.2.1.1.1. Diammonium Phosphate (DAP)
        • 6.3.2.1.1.2. Monoammonium Phosphate (MAP)
        • 6.3.2.1.1.3. Trisodium Phosphate (TSP)
        • 6.3.2.1.1.4. Others
      • 6.3.2.1.2. Animal Feed
      • 6.3.2.1.3. Food Additives
      • 6.3.2.1.4. Others

7. Europe Phosphoric Acid Market Analysis, Insights and Forecast, 2021-2034

• 7.1. Key Findings / Summary
• 7.2. By Application (Volume/Value)
  • 7.2.1. Fertilizers
    • 7.2.1.1. Diammonium Phosphate (DAP)
    • 7.2.1.2. Monoammonium Phosphate (MAP)
    • 7.2.1.3. Trisodium Phosphate (TSP)
    • 7.2.1.4. Others
  • 7.2.2. Animal Feed
  • 7.2.3. Food Additives
  • 7.2.4. Others
• 7.3. By Country (Volume/Value)
  • 7.3.1. Germany
    • 7.3.1.1. By Application (Volume/Value)
      • 7.3.1.1.1. Fertilizers
        • 7.3.1.1.1.1. Diammonium Phosphate (DAP)
        • 7.3.1.1.1.2. Monoammonium Phosphate (MAP)
        • 7.3.1.1.1.3. Trisodium Phosphate (TSP)
        • 7.3.1.1.1.4. Others
      • 7.3.1.1.2. Animal Feed
      • 7.3.1.1.3. Food Additives
      • 7.3.1.1.4. Others
  • 7.3.2. U.K.
    • 7.3.2.1. By Application (Volume/Value)
      • 7.3.2.1.1. Fertilizers
        • 7.3.2.1.1.1. Diammonium Phosphate (DAP)
        • 7.3.2.1.1.2. Monoammonium Phosphate (MAP)
        • 7.3.2.1.1.3. Trisodium Phosphate (TSP)
        • 7.3.2.1.1.4. Others
      • 7.3.2.1.2. Animal Feed
      • 7.3.2.1.3. Food Additives
      • 7.3.2.1.4. Others
  • 7.3.3. France
    • 7.3.3.1. By Application (Volume/Value)
      • 7.3.3.1.1. Fertilizers
        • 7.3.3.1.1.1. Diammonium Phosphate (DAP)
        • 7.3.3.1.1.2. Monoammonium Phosphate (MAP)
        • 7.3.3.1.1.3. Trisodium Phosphate (TSP)
        • 7.3.3.1.1.4. Others
      • 7.3.3.1.2. Animal Feed
      • 7.3.3.1.3. Food Additives
      • 7.3.3.1.4. Others
  • 7.3.4. Italy
    • 7.3.4.1. By Application (Volume/Value)
      • 7.3.4.1.1. Fertilizers
        • 7.3.4.1.1.1. Diammonium Phosphate (DAP)
        • 7.3.4.1.1.2. Monoammonium Phosphate (MAP)
        • 7.3.4.1.1.3. Trisodium Phosphate (TSP)
        • 7.3.4.1.1.4. Others
      • 7.3.4.1.2. Animal Feed
      • 7.3.4.1.3. Food Additives
      • 7.3.4.1.4. Others
  • 7.3.5. Rest of Europe
    • 7.3.5.1. By Application (Volume/Value)
      • 7.3.5.1.1. Fertilizers
        • 7.3.5.1.1.1. Diammonium Phosphate (DAP)
        • 7.3.5.1.1.2. Monoammonium Phosphate (MAP)
        • 7.3.5.1.1.3. Trisodium Phosphate (TSP)
        • 7.3.5.1.1.4. Others
      • 7.3.5.1.2. Animal Feed
      • 7.3.5.1.3. Food Additives
      • 7.3.5.1.4. Others

8. Asia-Pacific Phosphoric Acid Market Analysis, Insights and Forecast, 2021-2034

• 8.1. Key Findings / Summary
• 8.2. By Application (Volume/Value)
  • 8.2.1. Fertilizers
    • 8.2.1.1. Diammonium Phosphate (DAP)
    • 8.2.1.2. Monoammonium Phosphate (MAP)
    • 8.2.1.3. Trisodium Phosphate (TSP)
    • 8.2.1.4. Others
  • 8.2.2. Animal Feed
  • 8.2.3. Food Additives
  • 8.2.4. Others
• 8.3. By Country (Volume/Value)
  • 8.3.1. China
    • 8.3.1.1. By Application (Volume/Value)
      • 8.3.1.1.1. Fertilizers
        • 8.3.1.1.1.1. Diammonium Phosphate (DAP)
        • 8.3.1.1.1.2. Monoammonium Phosphate (MAP)
        • 8.3.1.1.1.3. Trisodium Phosphate (TSP)
        • 8.3.1.1.1.4. Others
      • 8.3.1.1.2. Animal Feed
      • 8.3.1.1.3. Food Additives
      • 8.3.1.1.4. Others
  • 8.3.2. Japan
    • 8.3.2.1. By Application (Volume/Value)
      • 8.3.2.1.1. Fertilizers
        • 8.3.2.1.1.1. Diammonium Phosphate (DAP)
        • 8.3.2.1.1.2. Monoammonium Phosphate (MAP)
        • 8.3.2.1.1.3. Trisodium Phosphate (TSP)
        • 8.3.2.1.1.4. Others
      • 8.3.2.1.2. Animal Feed
      • 8.3.2.1.3. Food Additives
      • 8.3.2.1.4. Others
  • 8.3.3. India
    • 8.3.3.1. By Application (Volume/Value)
      • 8.3.3.1.1. Fertilizers
        • 8.3.3.1.1.1. Diammonium Phosphate (DAP)
        • 8.3.3.1.1.2. Monoammonium Phosphate (MAP)
        • 8.3.3.1.1.3. Trisodium Phosphate (TSP)
        • 8.3.3.1.1.4. Others
      • 8.3.3.1.2. Animal Feed
      • 8.3.3.1.3. Food Additives
      • 8.3.3.1.4. Others
  • 8.3.4. ASEAN
    • 8.3.4.1. By Application (Volume/Value)
      • 8.3.4.1.1. Fertilizers
        • 8.3.4.1.1.1. Diammonium Phosphate (DAP)
        • 8.3.4.1.1.2. Monoammonium Phosphate (MAP)
        • 8.3.4.1.1.3. Trisodium Phosphate (TSP)
        • 8.3.4.1.1.4. Others
      • 8.3.4.1.2. Animal Feed
      • 8.3.4.1.3. Food Additives
      • 8.3.4.1.4. Others
  • 8.3.5. Rest of Asia Pacific
    • 8.3.5.1. By Application (Volume/Value)
      • 8.3.5.1.1. Fertilizers
        • 8.3.5.1.1.1. Diammonium Phosphate (DAP)
        • 8.3.5.1.1.2. Monoammonium Phosphate (MAP)
        • 8.3.5.1.1.3. Trisodium Phosphate (TSP)
        • 8.3.5.1.1.4. Others
      • 8.3.5.1.2. Animal Feed
      • 8.3.5.1.3. Food Additives
      • 8.3.5.1.4. Others

9. Latin America Phosphoric Acid Market Analysis, Insights and Forecast, 2021-2034

• 9.1. Key Findings / Summary
• 9.2. By Application (Volume/Value)
  • 9.2.1. Fertilizers
    • 9.2.1.1. Diammonium Phosphate (DAP)
    • 9.2.1.2. Monoammonium Phosphate (MAP)
    • 9.2.1.3. Trisodium Phosphate (TSP)
    • 9.2.1.4. Others
  • 9.2.2. Animal Feed
  • 9.2.3. Food Additives
  • 9.2.4. Others
• 9.3. By Country (Volume/Value)
  • 9.3.1. Brazil
    • 9.3.1.1. By Application (Volume/Value)
      • 9.3.1.1.1. Fertilizers
        • 9.3.1.1.1.1. Diammonium Phosphate (DAP)
        • 9.3.1.1.1.2. Monoammonium Phosphate (MAP)
        • 9.3.1.1.1.3. Trisodium Phosphate (TSP)
        • 9.3.1.1.1.4. Others
      • 9.3.1.1.2. Animal Feed
      • 9.3.1.1.3. Food Additives
      • 9.3.1.1.4. Others
  • 9.3.2. Mexico
    • 9.3.2.1. By Application (Volume/Value)
      • 9.3.2.1.1. Fertilizers
        • 9.3.2.1.1.1. Diammonium Phosphate (DAP)
        • 9.3.2.1.1.2. Monoammonium Phosphate (MAP)
        • 9.3.2.1.1.3. Trisodium Phosphate (TSP)
        • 9.3.2.1.1.4. Others
      • 9.3.2.1.2. Animal Feed
      • 9.3.2.1.3. Food Additives
      • 9.3.2.1.4. Others
  • 9.3.3. Rest of Latin America
    • 9.3.3.1. By Application (Volume/Value)
      • 9.3.3.1.1. Fertilizers
        • 9.3.3.1.1.1. Diammonium Phosphate (DAP)
        • 9.3.3.1.1.2. Monoammonium Phosphate (MAP)
        • 9.3.3.1.1.3. Trisodium Phosphate (TSP)
        • 9.3.3.1.1.4. Others
      • 9.3.3.1.2. Animal Feed
      • 9.3.3.1.3. Food Additives
      • 9.3.3.1.4. Others

10. Middle East & Africa Phosphoric Acid Market Analysis, Insights and Forecast, 2021-2034

• 10.1. Key Findings / Summary
• 10.2. By Application (Volume/Value)
  • 10.2.1. Fertilizers
    • 10.2.1.1. Diammonium Phosphate (DAP)
    • 10.2.1.2. Monoammonium Phosphate (MAP)
    • 10.2.1.3. Trisodium Phosphate (TSP)
    • 10.2.1.4. Others
  • 10.2.2. Animal Feed
  • 10.2.3. Food Additives
  • 10.2.4. Others
• 10.3. By Country (Volume/Value)
  • 10.3.1. GCC
    • 10.3.1.1. By Application (Volume/Value)
      • 10.3.1.1.1. Fertilizers
        • 10.3.1.1.1.1. Diammonium Phosphate (DAP)
        • 10.3.1.1.1.2. Monoammonium Phosphate (MAP)
        • 10.3.1.1.1.3. Trisodium Phosphate (TSP)
        • 10.3.1.1.1.4. Others
      • 10.3.1.1.2. Animal Feed
      • 10.3.1.1.3. Food Additives
      • 10.3.1.1.4. Others
  • 10.3.2. South Africa
    • 10.3.2.1. By Application (Volume/Value)
      • 10.3.2.1.1. Fertilizers
        • 10.3.2.1.1.1. Diammonium Phosphate (DAP)
        • 10.3.2.1.1.2. Monoammonium Phosphate (MAP)
        • 10.3.2.1.1.3. Trisodium Phosphate (TSP)
        • 10.3.2.1.1.4. Others
      • 10.3.2.1.2. Animal Feed
      • 10.3.2.1.3. Food Additives
      • 10.3.2.1.4. Others
  • 10.3.3. Rest of Middle East & Africa
    • 10.3.3.1. By Application (Volume/Value)
      • 10.3.3.1.1. Fertilizers
        • 10.3.3.1.1.1. Diammonium Phosphate (DAP)
        • 10.3.3.1.1.2. Monoammonium Phosphate (MAP)
        • 10.3.3.1.1.3. Trisodium Phosphate (TSP)
        • 10.3.3.1.1.4. Others
      • 10.3.3.1.2. Animal Feed
      • 10.3.3.1.3. Food Additives
      • 10.3.3.1.4. Others

11. Competitive Analysis

• 11.1. Market Share/Ranking Analysis, By Key Manufacturer
• 11.2. Company Profiles
  • 11.2.1. Nutrien
    • 11.2.1.1. Overview
    • 11.2.1.2. Description
    • 11.2.1.3. Product Portfolio
    • 11.2.1.4. Financials (As per Availaibity)
    • 11.2.1.5. Recent Developments
  • 11.2.2. The Mosaic Company
    • 11.2.2.1. Overview
    • 11.2.2.2. Description
    • 11.2.2.3. Product Portfolio
    • 11.2.2.4. Financials (As per Availaibity)
    • 11.2.2.5. Recent Developments
  • 11.2.3. OCP
    • 11.2.3.1. Overview
    • 11.2.3.2. Description
    • 11.2.3.3. Product Portfolio
    • 11.2.3.4. Financials (As per Availaibity)
    • 11.2.3.5. Recent Developments
  • 11.2.4. Ma'aden
    • 11.2.4.1. Overview
    • 11.2.4.2. Description
    • 11.2.4.3. Product Portfolio
    • 11.2.4.4. Financials (As per Availaibity)
    • 11.2.4.5. Recent Developments
  • 11.2.5. EuroChem Group AG
    • 11.2.5.1. Overview
    • 11.2.5.2. Description
    • 11.2.5.3. Product Portfolio
    • 11.2.5.4. Financials (As per Availaibity)
    • 11.2.5.5. Recent Developments
  • 11.2.6. Solvay S.A.
    • 11.2.6.1. Overview
    • 11.2.6.2. Description
    • 11.2.6.3. Product Portfolio
    • 11.2.6.4. Financials (As per Availaibity)
    • 11.2.6.5. Recent Developments
  • 11.2.7. Arkema
    • 11.2.7.1. Overview
    • 11.2.7.2. Description
    • 11.2.7.3. Product Portfolio
    • 11.2.7.4. Financials (As per Availaibity)
    • 11.2.7.5. Recent Developments

12. Strategic Recommendations