Phosphoric acid is an inorganic acid and is the largest produced and consumed acid in terms of value and second-largest in terms of volume after sulfuric acid. Phosphoric acid is used in the production of phosphate chemicals that typically find use in water treatment, detergent builders and fire control chemicals among others. Moreover, phosphoric acid is used in applications such as metal surface treatments, beverage acidulation and animal feed production. Fertilizer is the largest application segment of phosphoric acid followed by detergents, water treatment and metal treatment among several other application segments. The growing demand for all these applications from end-user industries such as agriculture, manufacturing and FMCG is expected to drive the global phosphoric acid market in the coming years.
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