Prof Research published a new report on the Phosphoric Acid market. It presents the largest 5 manufacturers in Phosphoric Acid Market. The report is a professional and in-depth study of the current state of the global Phosphoric Acid market. The report provides key statistics on the market of Phosphoric Acid. It is a valuable source of guidance and direction for companies and individuals interested in the Phosphoric Acid industry.

Phosphoric acid is a mineral acid with the chemical formula H₃PO₄. It is a clear, odorless liquid commonly used in various industries and applications. Phosphoric acid is primarily produced by treating phosphate rock with sulfuric acid. It has a wide range of uses, including as a food additive, rust remover, pH adjuster, and fertilizer ingredient. In the food and beverage industry, it is often found in carbonated drinks to provide a tangy flavor. Additionally, phosphoric acid is used in the production of detergents, pharmaceuticals, and water treatment chemicals.

The global Phosphoric Acid market was valued to be 53,564 million USD in 2022. The Phosphoric Acid production value is anticipated to have growth with a CAGR of -1.70% in the coming years to reach 49,161 million USD in 2028.