Global Phosphoric Acid (Pharmaceutical Grade) Market Analysis: Plant Capacity, Production, Process, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030

Global Phosphoric Acid (Pharmaceutical Grade) Market Analysis: Plant Capacity, Production, Process, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030

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

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:

• Market, by End-use: Oral Care, OTC Medication, Personal Care Products, and Other
• Market, by Sales Channel: Direct Sale and Indirect Sale
• Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.

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