Comprehensive Analysis: Market Size, Supply Chain Structure, Core Production Technologies (Focus on Melt Crystallization), and Industry Trends & Challenges
Phosphoric acid (orthophosphoric acid, H3PO4, E338) is a foundational inorganic acid used predominantly in fertilizers, with critical roles in food, water treatment, and industrial chemicals.
Based on leading reports, the global phosphoric acid market in 2025 is estimated in the broad range of roughly USD 45–70+ billion, with mid-single-digit CAGR projected through 2034–2035, and Asia as the primary demand center.
The market is sizable and resilient, underpinned by global crop nutrition demand and stable industrial consumption in F&B, water, and metal processing.
The phosphoric acid industry supply chain spans rock mining, sulfur-based reagents, processing, conversion to derivatives, and end-use logistics.
Three core routes define technology choices: wet, thermal, and next-gen purification such as melt crystallization.
| Criterion | Wet Process | Thermal Process | Melt Crystallization (on Wet Acid) |
|---|---|---|---|
| Typical Purity | Merchant-grade; needs polishing for food/electronics | Very high; electronics-ready | Food/electronics-grade after crystallization |
| Energy Intensity | Moderate; evaporation-heavy | Very high (electric furnace) | Lower than solvent-extraction + deep evaporation chains |
| CAPEX | Lowest per tonne | Highest per tonne | Moderate; brownfield-friendly |
| OPEX Drivers | Sulfur, filtration, evaporation | Power, electrodes, maintenance | Cooling duty, filtration, minimal solvent |
| Environmental | Gypsum stacks, F control | High carbon intensity where grid is fossil | Reduced solvent waste, lower organics |
| Best Fit | Bulk fertilizers | High-purity niche | Upgrading wet acid to high-purity |