Global Phosphoric Acid Market (2020 to 2025) - Growth, Trends and Forecast - ResearchAndMarkets.com
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Thursday, August 27, 2020
Fertilizers like Monoammonium Phosphate (MAP), Diammonium Phosphate (DAP) and Trisodium Phosphate (TSP) are produced from phosphoric acid.
Key Points:
- Fertilizers like Monoammonium Phosphate (MAP), Diammonium Phosphate (DAP) and Trisodium Phosphate (TSP) are produced from phosphoric acid.
- The fertilizer industry is expected to dominate the global phosphoric acid market over the forecast period.
- Owing to the above-mentioned factors, the application of phosphoric acid from fertilizer industry is likely to dominate during the forecast period.
- Thus, rising demands from the aforementioned end-user industries is expected to drive the growth of phosphoric acid market in the Asia-Pacific region.