Market overview
The global phosphoric acid market is worth USD 57.2 bn in 2026 and is forecast to reach USD 83.1 bn by 2036, growing at a 3.8% CAGR. China is the largest country market and Wet process (technical grade) is the largest by process segment.
| Scope | Phosphoric acid produced by the wet and thermal processes for fertiliser, food, feed, detergent, water treatment and battery-grade chemical use, counted as P2O5 content. |
|---|---|
| Industry | Food and Beverage |
| Value 2025 | USD 55.0 bn |
| Value 2026 | USD 57.2 bn |
| Value 2036 | USD 83.1 bn |
| CAGR 2026-2036 | 3.8% |
| Volume 2026 | 56.8 million tonnes |
| Volume 2036 | 76.1 million tonnes |
| Average price 2026 | USD 1,008 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Phosphoric Acid market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 57.2 bn |
| 2027 | USD 59.4 bn |
| 2028 | USD 61.6 bn |
| 2029 | USD 64.0 bn |
| 2030 | USD 66.4 bn |
| 2031 | USD 68.9 bn |
| 2032 | USD 71.5 bn |
| 2033 | USD 74.3 bn |
| 2034 | USD 77.1 bn |
| 2035 | USD 80.0 bn |
| 2036 | USD 83.1 bn |
Phosphoric Acid market segmentation
By process
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Wet process (technical grade) | 86.0% | 84.9% | USD 49.2 bn | 3.7% |
| Purified wet-process grades | 8.0% | 9.5% | USD 4.6 bn | 5.6% |
| Thermal process | 6.0% | 5.6% | USD 3.4 bn | 3.1% |
By application
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Fertilisers | 82.0% | 73.3% | USD 46.9 bn | 2.6% |
| Food and beverage | 5.0% | 5.0% | USD 2.9 bn | 3.8% |
| Industrial chemicals and detergents | 6.0% | 5.5% | USD 3.4 bn | 2.8% |
| Battery-grade (LFP) | 4.0% | 13.5% | USD 2.3 bn | 17.2% |
| Feed and others | 3.0% | 2.7% | USD 1.7 bn | 2.8% |
By acid strength
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Merchant grade (52 to 54 percent P2O5) | 54.0% | 50.0% | USD 30.9 bn | 3.0% |
| Purified (75 to 85 percent) | 30.0% | 31.0% | USD 17.2 bn | 4.1% |
| Superphosphoric (68 to 72 percent) | 16.0% | 19.0% | USD 9.2 bn | 5.6% |
By delivery mode
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Bulk tanker and rail | 58.0% | 55.0% | USD 33.2 bn | 3.2% |
| ISO tank and IBC | 24.0% | 26.0% | USD 13.7 bn | 4.6% |
| Drum and packaged | 18.0% | 19.0% | USD 10.3 bn | 4.4% |
By rock source
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Sedimentary rock | 70.0% | 67.0% | USD 40.0 bn | 3.4% |
| Igneous rock | 20.0% | 20.0% | USD 11.4 bn | 3.8% |
| Secondary and recycled sources | 10.0% | 13.0% | USD 5.7 bn | 6.6% |
Top 25 countries for phosphoric acid by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 72.5% of 2026 revenue and the 25 countries below together hold 93.6%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 13.7 bn | 24.0% | USD 18.4 bn | 3.0% |
| 2 | India | USD 9.2 bn | 16.0% | USD 14.2 bn | 4.5% |
| 3 | Brazil | USD 5.1 bn | 9.0% | USD 8.0 bn | 4.5% |
| 4 | United States | USD 4.6 bn | 8.0% | USD 5.9 bn | 2.6% |
| 5 | Morocco | USD 2.0 bn | 3.5% | USD 3.2 bn | 4.9% |
| 6 | Indonesia | USD 1.7 bn | 3.0% | USD 2.8 bn | 5.1% |
| 7 | Pakistan | USD 1.7 bn | 3.0% | USD 2.6 bn | 4.1% |
| 8 | Australia | USD 1.1 bn | 2.0% | USD 1.6 bn | 3.3% |
| 9 | Vietnam | USD 1.1 bn | 2.0% | USD 1.7 bn | 4.3% |
| 10 | Argentina | USD 1.1 bn | 2.0% | USD 1.7 bn | 3.8% |
| 11 | Russia | USD 1.1 bn | 2.0% | USD 3.5 bn | 11.7% |
| 12 | Egypt | USD 1.1 bn | 2.0% | USD 2.3 bn | 7.3% |
| 13 | Jordan | USD 1.1 bn | 2.0% | USD 1.8 bn | 4.5% |
| 14 | Saudi Arabia | USD 1.1 bn | 2.0% | USD 1.5 bn | 2.5% |
| 15 | Tunisia | USD 1.0 bn | 1.8% | USD 1.3 bn | 1.9% |
| 16 | Mexico | USD 915 mn | 1.6% | USD 1.1 bn | 1.9% |
| 17 | Turkey | USD 824 mn | 1.4% | USD 988 mn | 1.8% |
| 18 | Thailand | USD 749 mn | 1.3% | USD 905 mn | 1.9% |
| 19 | Bangladesh | USD 686 mn | 1.2% | USD 947 mn | 3.3% |
| 20 | South Africa | USD 635 mn | 1.1% | USD 764 mn | 1.9% |
| 21 | Canada | USD 595 mn | 1.0% | USD 714 mn | 1.9% |
| 22 | Philippines | USD 561 mn | 1.0% | USD 673 mn | 1.8% |
| 23 | Germany | USD 526 mn | 0.9% | USD 548 mn | 0.4% |
| 24 | South Korea | USD 498 mn | 0.9% | USD 598 mn | 1.9% |
| 25 | Japan | USD 475 mn | 0.8% | USD 490 mn | 0.3% |
| Rest of world | USD 3.6 bn | 6.4% | USD 4.9 bn | 3.1% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- OCP Group
- Mosaic
- Ma'aden
- PhosAgro
- Yuntianhua
- ICL
- Hubei Xingfa Chemicals
Group 2: Regional and specialist players
- Prayon
- Nutrien
- Jordan Phosphate Mines
- Coromandel International
- Paradeep Phosphates
- Foskor
- Lomon Billions
- Hubei Yihua
Group 3: Emerging and niche players
- Innophos
- Sichuan Hongda
- Guizhou Phosphate Chemical Group
- Ecophos
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the phosphoric acid market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 3.8% is calculated from the resulting values.
The market is divided by process, by application, by acid strength, by delivery mode, by rock source. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the phosphoric acid market?
The global phosphoric acid market is estimated at USD 55.0 bn in 2025 and USD 57.2 bn in 2026.
How fast will the phosphoric acid market grow?
It is forecast to reach USD 83.1 bn by 2036, a compound annual growth rate of 3.8% from 2026, an increase of USD 25.9 bn.
Which country is the largest market for phosphoric acid?
China is the largest market by revenue at USD 13.7 bn in 2026, 24.0% of the global total. The three largest countries together hold 49.0%.
Which country is growing fastest?
Among the ten largest markets, Indonesia is growing fastest at 5.1% a year from 2026 to 2036.
Which phosphoric acid segment is largest?
In the by process split, Wet process (technical grade) is the largest segment with 86.0% of 2026 revenue.
Who are the leading phosphoric acid companies?
Global leaders include OCP Group, Mosaic, Ma'aden, PhosAgro.
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