|Product Name||Phosphoric Acid|
|Currency||US$ (Data can also be provided in local currency)|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Request for Real Time Phosphoric Acid Prices:https://www.procurementresource.com/resource-center/phosphoric-acid-price-trends/pricerequest
Phosphoric acid, which is also referred to as orthophosphoric acid is a non-toxic compound. It is a weak acid, which appears colourless in its purest form. The chemical formula of phosphoric acid is H3O4P, and its molecular weight is 97.995 g/mol.
In the dihydrate method, tricalcium phosphate and concentrated sulfuric acid are combined under high-temperature conditions to make phosphoric acid. As a byproduct, calcium sulphate in dihydrate form is produced. Filtration is used to remove dihydrate calcium sulphate, leaving phosphoric acid behind.
The top phosphoric acid-producing countries are Morocco, China, Jordan, Israel, and Senegal.
Key Details About the Phosphoric Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Phosphoric Acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Phosphoric Acid Price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Phosphoric Acid Price Trend:
Phosphoric acid is extensively used as a food additive and works as an acidity regulator in food products like jams, cereal bars, processed meats, cheese, etc. It is also utilised as an acidulant in the beverage industry as well.
Phosphoric acid is one of the many types of acids that are frequently used to remove rust from metals like iron, steel, etc. Normally, when this acid is used, it combines with the rust and changes the reddish-brown iron, which is typically ferric oxide (iron oxide), into a black substance known as ferric phosphate. It is simple to eliminate this dark ferric phosphate material.
For the synthesis of a vast array of personal care products, phosphoric acid is absolutely important. Some of them consist of skincare items, makeup, nail care products, fragrances, bath products, and cleansing goods. However, phosphoric acid is also utilised to regulate the PH level of these goods.
In animal or poultry feed, phosphoric acid is also utilised as an additive and flavouring ingredient.
Key Market Players:
- Jordan Phosphate Mines Company Plc,
- Ma’aden Wa’ad Al Shamal Phosphate Company (MWSPC),
- OCP Group,
- Yara International ASA,
- The Mosaic Company
News and Events:
- October 03, 2022: Fertilizer companies imported phosphoric acid of more than USD 1,000–1,050 per tonne, which was about 40% less than the price stated by international suppliers. This is due to the decline in global prices. Phosphoric acid, a crucial raw material for producing DAP (di-ammonium phosphate) and other NPK fertilisers, was negotiated by Indian enterprises with international suppliers.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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