Rising Demand for the Phosphoric Acid Market Industry
Phosphoric Acid Market Leaders
The global phosphoric acid market will grow to USD 56.8 Billion by 2027, at a CAGR of 4.1% from USD 46.4 Billion in 2022. Phosphoric acid market is mainly driven by increasing demand from fertilizer industry, food and beverages industry, and growing use of phosphoric acid in the fuel cells. The environmental concerns and increasing regulatory pressure hamper the...
Phosphorus & Derivatives Market Driven by Increasing Crop Production
Phosphorus and its derivatives have the dominant application as fertilizers in the field of agriculture and crop production. Phosphorus is the essential nutrient present in the plants, which is utilized in its various forms like phosphoric acid. Rapidly increasing population and demand for more crops is driving the fertilizer industries like phosphorus & derivatives market. Economic growth within...