The global Phosphoric Acid (Pharmaceutical Grade) market has expanded to reach approximately 2000 thousand tonnes in 2021 and is expected to grow at an impressive CAGR of 5.16% during the forecast period until 2030. Phosphoric acid is frequently used as an intra- and extra-oral cleaning agent for dental tissues and procedures.
Phosphoric acid is a type of inorganic acid called is mainly synthesized from phosphate rocks. This acid is transparent, odorless, and has non-toxic properties. Phosphoric acid is a dense liquid that is non-volatile and syrupy. Phosphoric acid has a wide variety of functions, including the production of fertilizer, as an additive in food and drinks, as well as some utilization in pharmaceutical applications. Along with the expanding global market for processed foods and drinks, the widespread use of phosphoric acid as an ingredient to enhance flavor in these goods is another important aspect that substantially impacts the phosphoric acid market. The pharmaceutical grade of this acid is employed mainly in the dentistry and medicinal sector.
The primary market driving factor of Phosphoric Acid (Pharmaceutical Grade) is the Oral Care industry. Phosphoric Acid (Pharmaceutical Grade) is used to etch enamel and dentin surfaces during dental bonding procedures. To facilitate bonding to enamel, the acid-etch method is widely employed in dentistry. To create a porous retentive surface, phosphoric acid is used to etch the enamel's topmost layer. Phosphoric acid is a chemical utilized in total parenteral nutrition (TPN) therapy, the replenishment of electrolytes, and the treatment of nausea-related digestive problems. In the forecast period, the demand for Phosphoric Acid by the dentistry and medicinal industry is anticipated to play a significant role in the growth of Phosphoric Acid (Pharmaceutical Grade). The global Phosphoric Acid (Pharmaceutical Grade) market will most likely reach 3000 thousand tonnes by 2030.
Based on demand by region, the Asia Pacific region dominates the Phosphoric Acid (Pharmaceutical Grade) market. In 2021, this region accounted for consumption of approximately 45% of the market share. APAC is anticipated to retain this position owing to the demand from the healthcare sector with a rapidly increasing population. Moreover, APAC is also the leading producer of this chemical, with China and Taiwan as the key producers.
Based on the end-user industry, the global Phosphoric Acid (Pharmaceutical Grade) market is segmented into Oral Care, OTC Medication, Personal Care Products, and Other end-use industries. Phosphoric Acid (Pharmaceutical Grade) is primarily consumed by the Oral Care industry. This industry accounted for approximately 40% of global consumption in 2021. OTC Medication is also a significant segment of phosphoric acid.
Major players in the production of Global Phosphoric Acid (Pharmaceutical Grade) are Prayon Group S.A, Stauffer Chemical Company, Duc Giang- Lao Cai Chemical Limited Company, Solvay, Hubei Xingfa Chemicals Group, Euro Maroc Phosphore (EMAPHOS), Hydrite Chemical Company, Yunnan Malong Industry Group, FMC Corporation, Mobil Chemical Company, Monsanto Company, Indo-Jordan Chemicals Company limited, Core Chemical Inc., and Sino-Linchem International, Inc..
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2030
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Objective of the Study:
• To assess the demand-supply scenario of Phosphoric Acid (Pharmaceutical Grade) which covers production, demand and supply of Phosphoric Acid (Pharmaceutical Grade) market in the globe.
• To analyse and forecast the market size of Phosphoric Acid (Pharmaceutical Grade)
• To classify and forecast Global Phosphoric Acid (Pharmaceutical Grade) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Phosphoric Acid (Pharmaceutical Grade) market in the globe.
To extract data for Global Phosphoric Acid (Pharmaceutical Grade) market, primary research surveys were conducted with Phosphoric Acid (Pharmaceutical Grade) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Phosphoric Acid (Pharmaceutical Grade) market over the coming years.
ChemAnalyst calculated Phosphoric Acid (Pharmaceutical Grade) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Phosphoric Acid (Pharmaceutical Grade) across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Phosphoric Acid (Pharmaceutical Grade) manufacturers and other stakeholders
• Organizations, forums and alliances related to Phosphoric Acid (Pharmaceutical Grade) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Phosphoric Acid (Pharmaceutical Grade) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Phosphoric Acid (Pharmaceutical Grade) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2021
2000 thousand tonnes
Market size Volume by 2030
3000 thousand tonnes
Growth Rate
CAGR of 5.16% from 2022 to 2030
Base year for estimation
2022
Historic Data
2015 – 2021
Forecast period
2023 – 2030
Quantitative units
Demand in thousand tonnes and CAGR from 2022 to 2030
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Capacity by Process, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share
Segments covered
By End-Use: (Oral Care, OTC Medication, Personal Care Products, and Other)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Phosphoric Acid (Pharmaceutical Grade).
2. Capacity By Location
To better understand the regional supply of Phosphoric Acid (Pharmaceutical Grade) by analyzing its manufacturers' location-based capacity.
3. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
4. Capacity By Process
To evaluate the demand of various methods and their capacities while looking for the future growth of each process.
5. Production By Company [Quarterly Update]
Study the historical annual production of Phosphoric Acid (Pharmaceutical Grade) by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Oral Care, OTC Medication, Personal Care Products, and Other) are creating a market and the forecast for the growth of the Phosphoric Acid (Pharmaceutical Grade) market.
7. Demand by Region
Analyzing the change in demand of Phosphoric Acid (Pharmaceutical Grade) in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Phosphoric Acid (Pharmaceutical Grade). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Phosphoric Acid (Pharmaceutical Grade).
10. Company Share
Figure out what proportion of the market share of Phosphoric Acid (Pharmaceutical Grade) is currently held by leading players across the globe.
11. Country-wise Export
Get details about quantity of Phosphoric Acid (Pharmaceutical Grade) exported by major countries.
12. Country-wise Import
Get details about quantity of Phosphoric Acid (Pharmaceutical Grade) imported by major countries.
13. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of phosphoric acid (Pharmaceutical Grade) market in terms of value and volume.
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What is the expected global market size of Phosphoric Acid (Pharmaceutical Grade) in terms of volume for 2030?
Ans:
The global market size of Phosphoric Acid (Pharmaceutical Grade) is expected to reach approximately 3000 thousand tonnes by 2030.
Q2.
Which end-use industry is dominating the Global Phosphoric Acid (Pharmaceutical Grade) market?
Ans:
The Oral Care industry is dominating the Phosphoric Acid (Pharmaceutical Grade) market with a market share of 45% in 2021.
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