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市場調查報告書
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1406102

磷酸-市場佔有率分析、產業趨勢與統計、2024年至2029年成長預測

Phosphoric Acid - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2024 - 2029

出版日期: | 出版商: Mordor Intelligence | 英文 120 Pages | 商品交期: 2-3個工作天內

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簡介目錄

預計2024年磷酸市場規模為9,298萬噸,預計2029年將達到1,1439萬噸,在預測期間(2024-2029年)複合年成長率為4.23%。

磷酸-市場-IMG1

市場受到了 COVID-19 大流行的負面影響,該流行病擾亂了關鍵的供應和生產線,導致嚴重的供不應求。磷酸的主要用途是生產肥料。這場流行病也導致作物產量下降,人口出現糧食和其他必需品短缺。疫情過後,市場回暖,主要產業復工復產,需求成長。

主要亮點

  • 由於大部分磷酸用作化肥原料,預計市場需求將受到化肥行業需求增加以及食品和飲料行業使用量增加的推動。
  • 磷酸造成的健康危害和化肥價格急劇上升預計將阻礙市場成長。
  • 儘管如此,從磷酸中回收稀土元素以及手性磷酸作為催化劑的商業化預計將為市場提供利潤豐厚的機會。
  • 亞太地區佔據了最高的市場佔有率,該地區很可能在預測期內主導市場。

磷酸市場趨勢

化肥產業主導市場

  • 磷酸基本上是生產肥料的中間體。磷酸一銨(MAP)、磷酸二銨(DAP)和磷酸三鈉(TSP)等肥料是由磷酸生產的。
  • 磷酸是許多肥料的主要成分,因為它是一種多功能劑,用於植物營養、調節 pH 值、清潔灌溉設備中的石灰沉澱等。磷酸是植物磷的豐富來源。
  • 磷肥對植物非常重要,比有機肥效果更好。磷促進植物成熟,促進根系發育。這在乾旱地區尤其重要。
  • 據Essential Chemical Industry稱,全球每年生產超過4,300萬噸磷酸,其中約90%用於化肥。
  • 據美國農業部對外農業服務局稱,中國、俄羅斯、美國、印度和加拿大生產的化肥養分佔全球總量的 60% 以上。俄羅斯和美國的化肥產量各佔世界總量的不到10%,中國的產量約為25%。
  • 2022 年 9 月,美國政府宣布了一項價值 5 億美元的計畫來提高國內化肥產量,並敦促歐盟 (EU) 也採取同樣的做法。加拿大已經是全球最大的鉀肥供應國,2022年11月宣布將每年增加20%的化肥出口,以填補其他國家停止出貨的缺口。
  • 根據國際肥料協會(IFA)的數據,中國是最大的化肥用戶,消耗了世界化肥供應量的近四分之一。 2022年,中國氮磷鉀肥料產量總合5,570萬噸。 2021年為5544萬噸,2020年為5496萬噸。
  • 因此,考慮到世界不同地區化肥的成長趨勢和產量,化肥產業可能會主導市場,預計將增加預測期內磷酸的需求。
磷酸-市場-IMG2

亞太地區主導市場

  • 亞太地區在 2022 年佔據磷酸市場的主導地位,佔有重要的銷售佔有率,預計在預測期內將保持其主導地位。
  • 這是因為中國是世界上最大的化肥生產國和消費國。中國、印度、東南亞國家等國家對磷酸的需求不斷增加。
  • 中國約佔全球農業總面積的7%,養活了全球22%的人口。該國是各種穀物的最大生產國,包括米、棉花、馬鈴薯等。因此,由於該國廣泛的農業活動,對肥料用磷酸的需求正在迅速增加。
  • 磷酸也廣泛用於磷酸鐵鋰電池的生產,中國是該領域的主導國家。到2022年,中國銷售的所有電動車中44%將使用磷酸鐵鋰電池,其次是歐洲的6%、美國和加拿大的3%。
  • 另一個化肥生產大國印度是第二大用戶。印度的大部分使用量都來自印度政府的大量化肥補貼。 22 會計年度,印度生產了超過 4,200 萬噸化肥。印度化肥產量在 2020 會計年度達到峰值,超過 4,600 萬噸。近年來,推出了鼓勵公共、合作和私部門投資的優惠政策。
  • 磷酸也用於食品和飲料行業,以酸化食品和飲料,例如各種可樂和果醬,以提供濃鬱或酸味。根據美國農業部(USDA)統計,印度食品工業位居世界第三大食品工業。該行業在過去幾年中穩步成長,印度有望成為世界上最大的食品生產國。到 2025 年,該國食品和雜貨 (F&G) 零售市場的銷售額預計將超過 8,500 億美元。
  • 因此,上述原因可能會推動亞太地區磷酸市場在預測期內的成長。

磷酸產業概況

磷酸市場已部分整合,多家公司在全球和區域層面開展業務。該市場的主要企業(排名不分先後)包括 OCP Group、Mosaic、PhosAgro Group of Companies、Nutrien Ltd 和 IFFCO。

其他福利:

  • Excel 格式的市場預測 (ME) 表
  • 3 個月的分析師支持

目錄

第1章簡介

  • 調查先決條件
  • 調查範圍

第2章調查方法

第3章執行摘要

第4章市場動態

  • 市場促進因素
    • 化肥產業需求旺盛
    • 食品和飲料行業的使用量增加
  • 市場抑制因素
    • 磷酸對健康的損害
  • 價值鏈分析
  • 產業吸引力-波特五力分析
    • 供應商的議價能力
    • 買方議價能力
    • 新進入者的威脅
    • 替代品的威脅
    • 競爭公司之間的敵對關係
  • 磷酸價格走勢分析(2018-2023年)
  • 技術簡介

第5章市場區隔(市場規模)

  • 依最終用戶產業
    • 肥料
    • 食品與飲品
    • 化學品
    • 藥品
    • 冶金
    • 其他最終用戶產業
  • 依地區
    • 亞太地區
      • 中國
      • 印度
      • 日本
      • 韓國
      • 其他亞太地區
    • 北美洲
      • 美國
      • 墨西哥
      • 加拿大
    • 歐洲
      • 德國
      • 英國
      • 義大利
      • 法國
      • 歐洲其他地區
    • 南美洲
      • 巴西
      • 阿根廷
      • 南美洲其他地區
    • 中東/非洲
      • 沙烏地阿拉伯
      • 南非
      • 其他中東/非洲

第6章 競爭形勢

  • 併購、合資、聯盟、協議
  • 市場排名分析
  • 主要企業策略
  • 公司簡介
    • Aditya Birla Chemicals
    • Agropolychim
    • EuroChem Group
    • ICL
    • IFFCO
    • Innophos
    • JR Simplot Company
    • Mosaic
    • Nutrien Ltd
    • Phosagro
    • Sterlite Copper(A Unit of Vedanta Limited)

第7章 市場機會及未來趨勢

  • 從磷酸回收稀土元素
  • 手性磷酸催化劑的商業化
簡介目錄
Product Code: 69519
Phosphoric Acid - Market - IMG1

The Phosphoric Acid Market size is estimated at 92.98 Million tons in 2024, and is expected to reach 114.39 Million tons by 2029, growing at a CAGR of 4.23% during the forecast period (2024-2029).

The market was negatively impacted by the COVID-19 pandemic as it disrupted the main supply and manufacturing lines, leading to acute shortages. The main use of phosphoric acid is for producing fertilizers. The pandemic also led to a decrease in crop production, accompanied by a shortage of food and other essentials among people. After the pandemic, the market picked up speed, and the demand grew as major industries got back to work.

Key Highlights

  • Since most phosphoric acid is used to make fertilizer, the rising demand from the fertilizer industry and increasing usage in the food and beverage industry are expected to drive market demand.
  • Health hazards caused by phosphoric acid and the high price of fertilizers are expected to hinder the market's growth.
  • Nevertheless, the recovery of rare earth elements from phosphoric acid and the commercialization of chiral phosphoric acid as a catalyst are expected to offer lucrative opportunities to the market.
  • Asia-Pacific accounted for the highest market share, and the region is likely to dominate the market during the forecast period.

Phosphoric Acid Market Trends

Fertilizer Industry to Dominate the Market

  • Phosphoric acid is basically an intermediate used to produce fertilizers. Fertilizers like monoammonium phosphate (MAP), diammonium phosphate (DAP), and trisodium phosphate (TSP) are produced from phosphoric acid.
  • Phosphoric acid forms a key component for many fertilizers as it is a multi-function agent used for plant nutrition, pH adjustment, and cleansing irrigation equipment from lime precipitation. It is a rich source of phosphorus for plants.
  • Phosphorus fertilizers are extremely important for the plant and provide better activities than organic fertilizers. Phosphorus accelerates the maturation of the plant and also provides the development of the roots. This is particularly important for dry areas.
  • According to the Essential Chemical Industry, annually, more than 43 million metric tons of phosphoric acid are produced worldwide, of which about 90% are used to make fertilizers.
  • According to the USDA Foreign Agricultural Service, China, Russia, the United States, India, and Canada produce more than 60% of the world's fertilizer nutrients combined. Russia and the United States each produce less than 10% of global fertilizers, while China produces approximately 25%.
  • In September 2022, the US government announced programs worth USD 500 million to boost domestic fertilizer production, and the European Union is being urged to take similar action. Canada, already the world's largest supplier of potash fertilizers, announced in November 2022 that it will boost its fertilizer exports by 20% annually, filling a gap left by blocked shipments from other countries.
  • According to the International Fertilizer Association (IFA), China is the largest user of fertilizer, consuming nearly one-quarter of global fertilizer supplies. In 2022, a total of 55.7 million tons of NPK fertilizer was produced in China. This was 55.44 million tons in 2021 and 54.96 million tons in 2020.
  • Therefore, considering the growth trends and production of fertilizers in different regions worldwide, the fertilizer industry is likely to dominate the market, which, in turn, is expected to enhance the demand for phosphoric acid during the forecast period.
Phosphoric Acid - Market - IMG2

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the phosphoric acid market in 2022 with a considerable volume share, and it is expected to maintain its dominance during the forecast period.
  • This is due to China being the world's largest producer and consumer of fertilizer. In countries like China, India, and Southeast Asian nations, the demand for phosphoric acid has been increasing continuously.
  • China accounts for approximately 7% of the overall agricultural acreage globally, thus feeding 22% of the world's population. The country is the largest producer of various crops, including rice, cotton, potatoes, and others. Hence, the demand for phosphoric acid, which is used in fertilizers, is rapidly increasing owing to the large-scale agricultural activities in the country.
  • Phosphoric acid is also used extensively in the production of lithium-iron-phosphate batteries, and China is the dominant country in this field. In 2022, 44% of the total electric vehicles sold in China used LFP batteries, followed by 6% in Europe and 3% in the United States and Canada.
  • India, another large fertilizer producer, is the second largest user. Much of India's usage is fueled by the Indian government's heavy subsidization of fertilizers. In the financial year 2022, over 42 million metric tons of fertilizers were produced in India. Fertilizer production in India peaked in the financial year 2020 at over 46 million metric tons. During the last few years, there has been a favorable policy facilitating investments in the public, cooperative, and private sectors.
  • Phosphoric acid is also used in the food and beverage industries to acidify foods and beverages, such as various colas and jams, providing a tangy or sour taste. According to the US Department of Agriculture (USDA), the Indian food industry ranks as the third-largest food industry globally. The industry has been experiencing steady growth over the past several years, with India anticipated to become the largest food producer in the world. The country's food and grocery (F&G) retail market is projected to surpass USD 850 billion in sales by 2025.
  • Hence, the reasons mentioned above are likely to fuel the growth of the phosphoric acid market in Asia-Pacific over the forecast period.

Phosphoric Acid Industry Overview

The phosphoric acid market is partially consolidated, with several companies operating on both global and regional levels. Some of the major players in the market (not in any particular order) include OCP Group, Mosaic, PhosAgro Group of Companies, Nutrien Ltd, and IFFCO, among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

  • 1.1 Study Assumptions
  • 1.2 Scope of Study

2 Research Methodology

3 Executive Summary

4 Market Dynamics

  • 4.1 Market Drivers
    • 4.1.1 High Demand for Fertilizer Industry
    • 4.1.2 Increasing Usage in the Food and Beverage Industry
  • 4.2 Market Restraints
    • 4.2.1 Health Hazards Caused by Phosphoric Acid
  • 4.3 Industry Value Chain Analysis
  • 4.4 Industry Attractiveness - Porters Five Forces Analysis
    • 4.4.1 Bargaining Power of Supplier
    • 4.4.2 Bargaining Power of Buyer
    • 4.4.3 Threat of New Entrant
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Price Trend Analysis of Phosphoric Acid (2018-2023)
  • 4.6 Technological Snapshot

5 Market Segmentation (Market Size in Volume)

  • 5.1 By End-user Industry
    • 5.1.1 Fertilizer
    • 5.1.2 Food and Beverages
    • 5.1.3 Chemicals
    • 5.1.4 Medicine
    • 5.1.5 Metallurgy
    • 5.1.6 Other End-user Industries
  • 5.2 By Geography
    • 5.2.1 Asia-Pacific
      • 5.2.1.1 China
      • 5.2.1.2 India
      • 5.2.1.3 Japan
      • 5.2.1.4 South Korea
      • 5.2.1.5 Rest of Asia-Pacific
    • 5.2.2 North America
      • 5.2.2.1 United States
      • 5.2.2.2 Mexico
      • 5.2.2.3 Canada
    • 5.2.3 Europe
      • 5.2.3.1 Germany
      • 5.2.3.2 United Kingdom
      • 5.2.3.3 Italy
      • 5.2.3.4 France
      • 5.2.3.5 Rest of Europe
    • 5.2.4 South America
      • 5.2.4.1 Brazil
      • 5.2.4.2 Argentina
      • 5.2.4.3 Rest of South America
    • 5.2.5 Middle East and Africa
      • 5.2.5.1 Saudi Arabia
      • 5.2.5.2 South Africa
      • 5.2.5.3 Rest of Middle East and Africa

6 Competitive Landscape

  • 6.1 Merger and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Aditya Birla Chemicals
    • 6.4.2 Agropolychim
    • 6.4.3 EuroChem Group
    • 6.4.4 ICL
    • 6.4.5 IFFCO
    • 6.4.6 Innophos
    • 6.4.7 J.R. Simplot Company
    • 6.4.8 Mosaic
    • 6.4.9 Nutrien Ltd
    • 6.4.10 Phosagro
    • 6.4.11 Sterlite Copper (A Unit of Vedanta Limited)

7 Market Opportunities and Future Trends

  • 7.1 Recovery of Rare Earth Elements from Phosphoric Acid
  • 7.2 Commercialization of Chiral Phosporic Acid as a Catalyst