According to ChemAnalyst report, “Global Phosphoric Acid (Pharmaceutical Grade) Market Analysis: Plant Capacity, Production, Process, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, The Phosphoric Acid (Pharmaceutical Grade) market has shown considerable growth in the historical period and is expected to experience an expansion at a CAGR of 5.16% during the forecast period. Growing demand for Phosphoric Acid (Pharmaceutical Grade) by industries like Oral Care, OTC Medication, Personal Care Products, and Others is anticipated to boost the global Phosphoric Acid (Pharmaceutical Grade) market in the upcoming years.
Phosphoric acid is also known as orthophosphoric acid in inorganic chemistry. It is an inorganic chemical molecule with the formula H3PO4 synthesized by reacting phosphorus oxide (V) and water combined. It is a water-soluble compound that has no color or smell. The chemical, food, pharmaceutical, and agricultural industries employ phosphoric acid. Phosphoric acid with an H3PO4 has a wide range of uses as a raw material. It is employed as an agent in the chemical industry, including use in laboratories, as a metal surface treatment agent, a cleaning agent, and as a component of mixtures, including packaging and distribution. Phosphoric acid occurs in two grades- industrial grade and pharmaceutical grade.
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The primary market driving factor of Phosphoric Acid (Pharmaceutical Grade) is the Oral Care industry. Phosphoric Acid (Pharmaceutical Grade) is used to etch enamel and dentin surfaces during dental bonding procedures. To facilitate bonding to enamel, the acid-etch method is widely employed in dentistry. To create a porous retentive surface, phosphoric acid is used to etch the enamel’s topmost layer. Phosphoric acid is a chemical utilized in total parenteral nutrition (TPN) therapy, the replenishment of electrolytes, and treating nausea-related digestive problems. In the forecast period, the demand for Phosphoric Acid by the dentistry and medicinal industry is anticipated to play a significant role in the growth of Phosphoric Acid (Pharmaceutical Grade).
The global Phosphoric Acid (Pharmaceutical Grade) market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Phosphoric Acid (Pharmaceutical Grade) market is segregated into Oral Care, OTC Medication, Personal Care Products, and Other end-use industries. Oral Care is the leading segment and is expected to create massive demand for Phosphoric Acid (Pharmaceutical Grade) owing to its application as an etching solution in the forecast period.
Region-wise, the Asia Pacific region holds the largest market share of the global demand for Phosphoric Acid (Pharmaceutical Grade), followed by North America. However, due to rising health concerns about oral hygiene and dental care in countries like India and Japan, the demand for Phosphoric Acid (Pharmaceutical Grade) market in the forecast period. Although, in North America, Phosphoric Acid (Pharmaceutical Grade) is anticipated to face sluggish growth due to stringent government regulations. Moreover, Asia Pacific is also the leading producer of this chemical, with China and Taiwan as the key producers.
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“Global Phosphoric Acid (Pharmaceutical Grade) Market Analysis: Plant Capacity, Production, Process, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, the significant players active in Phosphoric Acid (Pharmaceutical Grade) market are Prayon Group S.A, Stauffer Chemical Company, Duc Giang- Lao Cai Chemical Limited Company, Solvay, Hubei Xingfa Chemicals Group, Euro Maroc Phosphore (EMAPHOS), Hydrite Chemical Company, Yunnan Malong Industry Group, FMC Corporation, Mobil Chemical Company, Monsanto Company, Indo-Jordan Chemicals Company limited, Core Chemical Inc., and Sino-Linchem International, Inc.
“Phosphoric Acid (Pharmaceutical Grade) is employed is employed as an etching solution to clean and roughen the tooth surfaces where dental implants or fillings will be adhered, which is majorly driving the Phosphoric Acid (Pharmaceutical Grade). Furthermore, its demand from the drug formulation sector due to the acidifying nature is also an additional factor which further drives the Phosphoric Acid (Pharmaceutical Grade) in the forecast period till 2030.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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