India Phosphoric Acid Market to Grow with a CAGR of 3.07% through 2029

According to TechSci Research report, India Phosphoric Acid Market –By Region, Competition, Forecast and Opportunities, 2019-2029”, the India Phosphoric Acid Market stood at USD 2.6 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 3.07% through 2029. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.

Phosphoric acid, an essential chemical compound derived from phosphate rock, plays a pivotal role in various industries due to its versatile properties. One significant sector where phosphoric acid is extensively utilized is the food and beverage industry. Phosphoric acid is commonly employed in the food and beverage industry as an acidulant and flavor enhancer. Its tart and tangy taste imparts a distinctive flavor profile to carbonated soft drinks, fruit juices, and other beverages. The acid’s capacity to provide a well-balanced level of acidity is essential for creating consistent taste experiences, enhancing product appeal, and maintaining consumer preferences. Phosphoric acid’s acidic properties also make it an effective preservative. It aids in extending the shelf life of various food products by inhibiting the growth of microorganisms that can cause spoilage. This is particularly crucial in the production of canned and bottled foods, condiments, and dressings, where maintaining quality and safety over extended periods is of utmost importance.

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In the food industry, phosphoric acid acts as an emulsifying agent, facilitating the mixing of ingredients that would otherwise separate. This property is particularly valuable in the production of processed foods, dairy products, and salad dressings. Phosphoric acid helps stabilize emulsions, ensuring products maintain their desired texture and appearance. Phosphoric acid also serves as a source of phosphorus, an essential nutrient for human health. As a result, it is sometimes utilized as a nutrient enhancer in fortified food products, contributing to the nutritional value of items such as fortified breakfast cereals and beverages. This application aligns with the increasing consumer demand for healthier and more nutritious food options. Furthermore, phosphoric acid finds applications in the bakery and confectionery sector. It plays a role in leavening agents used in baking, contributing to the rise and texture of baked goods such as bread and cakes. Additionally, in the confectionery industry, phosphoric acid can influence the texture and consistency of products such as gummy candies. Passivation, a process that creates a protective layer on metal surfaces, preventing further corrosion, also benefits from phosphoric acid-based solutions. These solutions are employed in passivation treatments, promoting the formation of a passive oxide layer that acts as a barrier against corrosive agents. Phosphoric acid’s ability to react with metal surfaces makes it useful in etching and cleaning applications. It is utilized to create microtextures on metal surfaces, enhancing paint adhesion and improving lubrication characteristics in mechanical components. Moreover, phosphoric acid is used in acid pickling processes to remove surface impurities and scale from metals, preparing them for further treatments or manufacturing processes. Collaborations offer significant advantages, including access to new markets and regions. By partnering with local players or established industry leaders, companies can leverage their partners’ customer base, distribution networks, and market insights. This is particularly relevant in diverse markets like India, where regional nuances and preferences can impact success. Collaborative efforts enable companies to navigate these complexities effectively and achieve greater market penetration. A recent collaboration in India involving phosphoric acid is the joint venture project between Jordan Phosphate Mines Company (JPMC) and Indian Farmers Fertilisers Cooperative (IFFCO), valued at $860 million. The focus is on supplying Jordanian raw phosphate and DAP fertilizer to India, aiming to enhance fertilizer production by ensuring a stable phosphoric acid supply.However, disruption in supply of phosphates and growing environmental concerns are expected to slow down the growth of the market in the coming years.The India Phosphoric Acid Market segmentation is based on Grade, Application, By Company, and Region.

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Some of the major companies operating in the India Phosphoric Acid Market include:

  • Budenheim India Pvt. Ltd.
  • Grasim Industries Limited
  • Gujarat Alkalies and Chemicals Ltd.
  • Indo Maroc Phosphore S.A (IMACID)
  • Jordan India Fertilizer Company (JIFCO)
  • Punjab Chemicals & Crop Protection Limited
  • United Phosphorus Limited

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“Certain regions, particularly the West India, are projected to exert significant demand for phosphoric acid in India. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their phosphoric acid productivity each year, are expected to contribute to a remarkable growth of the India Phosphoric Acid Market in the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

India Phosphoric Acid Market By Grade (Technical, Fertilizer), By Application (Fertilizers, Pharmaceutical, Food & Beverage, Detergent, Metal Treatment, Water Treatment, Others), By Region, Competition, Forecast and Opportunities, 2019-2029F has evaluated the future growth potential of India Phosphoric Acid Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Phosphoric Acid Market.


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