"India's phosphoric acid market is projected to grow at a CAGR of more than 7% during 2016-2021. Fertilizers grade dominates India phosphoric acid market, with the segment accounting for a share of more than 90% in 2015.
Production of DAP and SSP fertilizers grew from 3.53 million tons and 3.14 million tons in 2010 to 3.61 million tons and 4.22 million tons, respectively in 2014. Anticipated growth in consumption and production of SSP and DAP fertilizers in the coming years is expected to propel growth in India phosphoric acid market through 2021.
Fertilizer grade phosphoric acid is expected to continue its dominance in the coming years on account of growing demand for phosphatic fertilizers such as DAP, MAP, SSP, etc. Indo Maroc Phosphore was the leading company in the country's phosphoric acid market in 2015. The company is anticipated to further increase its market penetration during the forecast period by setting up joint ventures with domestic players.
"India Phosphoric Acid Market By Type, By Application, Competition Market Forecast & Opportunities, 2011-2021" report elaborates following aspects related to phosphoric acid market in India:
India Phosphoric Acid Market Size, Share & Forecast
Segmental Analysis - By Type (Fertilizer Grade & Technical Grade), By Application (Fertilizer, Sugar Refining, Oil Refining, & Others)