Global Superphosphoric Acid (SPA) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Superphosphoric Acid (SPA) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

There is a eutectic between orthophosphoric acid (H3PO4) and pyrophosphoric acid (H4P207), which is composed of 75.4% P205, which is equivalent to 105% H3PO4. It is industrially called superphosphoric acid. Superphosphoric acid is usually used in the production of ammonium polyphosphate, polyphosphoric acid, and liquid fertilizers. The characteristics of superphosphoric acid are high content of phosphorus pentoxide, less corrosive than orthophosphoric acid, low freezing point, liquid at room temperature, significant supercooling characteristics, and the strong chelating ability for metal impurity ions.

Market Overview:

The latest research study on the global Superphosphoric Acid (SPA) market finds that the global Superphosphoric Acid (SPA) market reached a value of USD 513.11 million in 2022. It’s expected that the market will achieve USD 795.86 million by 2028, exhibiting a CAGR of 7.59% during the forecast period.

Fast urbanization leads to a shortage of cultivated land, and efficient fertilizer demand will drive the growth of the superphosphoric acid market

Due to the fast-paced urban development, global arable land availability is decreasing. The accelerated industrialization process, population growth, and high demand for energy have led to a gradually decreased area of cultivated land. High-efficiency fertilizers can be used to increase the cultivated area of cultivated land. Making fertilizers made of Superphosphoric Acid provides necessary nutrition for crops. Phosphorus fertilizers such as MAP, DAP, and TSP are used globally to improve agricultural productivity. Therefore, the shortage of cultivated land increases the demand for phosphate fertilizer to increase agricultural output. As the world's population gathers towards cities, the per capita arable land area is decreasing. However, it is expected to produce more food per acre of farmland. South Asia consumes 94%of the world's arable land. Only 22% of theoretical cultivation can be cultivated in the southern Sahara. Due to the decrease in the area of cultivated land, farmers are forced to increase productivity to meet the growing grain needs. Only more fertile soil can achieve a higher yield, which will increase the demand for phosphate fertilizer. It is expected to increase the demand for superphosphoric acid.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (97.56% in 2021).

Company Overview:

Conda is a vertical integration of phosphate fertilizer, located in Edaho, the United States. Conda is owned by the company 100%and has been operating for more than 30 years. Conda provides a variety of P2O5 value choices for the North American fertilizer market with its strategic location and operation flexibility. In addition, Kangda is one of the three major SPA manufacturers in the United States.

Segmentation Overview:

By type, 68% Superphosphoric Acid segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Agriculture segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Superphosphoric Acid (SPA) market covered in Chapter 3:

Novaphos
JR Simplot
Nutrien
Itafos Conda

In Chapter 4 and Chapter 14.2, on the basis of types, the Superphosphoric Acid (SPA) market from 2018 to 2029 is primarily split into:

68% Superphosphoric Acid
69% Superphosphoric Acid
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Superphosphoric Acid (SPA) market from 2018 to 2029 covers:

Chemical Industry
Agriculture

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)