1 Global Superphosphoric Acid (SPA) Market Size (Value) and CAGR (2024-2033)
In 2024, the global Superphosphoric Acid (SPA) market was valued at USD 577.19 million, with a CAGR of 7.73% from 2024 to 2033.
There is a eutectic between orthophosphoric acid (H3PO4) and pyrophosphoric acid (H4P207), which is composed of 75.4% P205, which is equivalent to 105% H3PO4. It is industrially called superphosphoric acid. Superphosphoric acid is usually used in the production of ammonium polyphosphate, polyphosphoric acid, and liquid fertilizers. The characteristics of superphosphoric acid are high content of phosphorus pentoxide, less corrosive than orthophosphoric acid, low freezing point, liquid at room temperature, significant supercooling characteristics, and the strong chelating ability for metal impurity ions.
Figure Global Superphosphoric Acid (SPA) Market Size (M USD) and CAGR 2024-2033
2 Superphosphoric Acid (SPA) Market Drivers
The growth of the global Superphosphoric Acid (SPA) market is propelled by several key drivers that reflect its essential role in both the agricultural and chemical industries. The primary driver is the increasing demand for high-efficiency fertilizers, which is a direct consequence of rapid urbanization and the consequent reduction in arable land. As urban areas expand, the availability of cultivable land diminishes, necessitating the use of more efficient fertilizers to maintain agricultural productivity. Superphosphoric Acid (SPA) serves as a crucial component in the production of phosphate fertilizers such as MAP (Monoammonium Phosphate), DAP (Diammonium Phosphate), and TSP (Triple Super Phosphate), which are widely used to enhance soil fertility and crop yields.
Another significant driver is the expanding chemical industry, particularly the production of ammonium polyphosphate (APP). APP is an important inorganic phosphorus flame retardant with applications in various industries, including electronics, home appliances, plastics, and coatings. The increasing demand for fire-resistant materials, driven by stricter environmental regulations and safety standards, has boosted the market for APP, thereby driving the demand for its key raw material—Superphosphoric Acid (SPA).
3 Superphosphoric Acid (SPA) Market Challenges
Despite its growth potential, the Superphosphoric Acid (SPA) market faces several challenges that could impact its expansion and sustainability. One of the primary challenges is the fluctuation in raw material prices. The production of SPA relies heavily on phosphoric acid, which is derived from phosphate rock. The prices of these raw materials are influenced by various factors, including supply and demand dynamics, geopolitical tensions, and environmental regulations. For instance, the increasing demand for phosphate rock in the production of lithium iron phosphate batteries for electric vehicles has put additional pressure on the supply of phosphate resources, leading to price volatility. This instability can directly affect the production costs and profitability of SPA manufacturers.
Another significant challenge is the stringent environmental regulations governing the production and use of phosphorus-based chemicals. The SPA industry is energy-intensive and generates greenhouse gas emissions, which are subject to increasing regulatory scrutiny. Governments worldwide are implementing stricter regulations to limit the environmental impact of phosphate mining and processing, as well as the use of fertilizers. These regulations can impose additional costs on manufacturers and limit the market’s growth potential.
The market channel barrier also poses a significant challenge for new entrants. Establishing a comprehensive distribution network is crucial for reaching a wide customer base, but it requires substantial financial investment and marketing capabilities. Existing players have long-standing relationships with distributors and customers, making it difficult for new companies to penetrate the market and gain a foothold. This barrier to entry can limit competition and innovation within the industry.
4 Global Superphosphoric Acid (SPA) Market Size by Type in 2024
68% Superphosphoric Acid: This type is expected to generate a revenue of 402.65 M USD in 2024. It accounts for the largest share of the SPA market, primarily due to its widespread use in agricultural applications. The 68% concentration refers to the percentage of phosphorus pentoxide (P2O5) in the acid, making it highly effective for producing high-analysis phosphate fertilizers. Its lower corrosiveness compared to orthophosphoric acid and its ability to remain liquid at room temperature make it a preferred choice for many industrial processes.
69% Superphosphoric Acid: This type is projected to generate a revenue of 149.79 M USD in 2024. The 69% concentration indicates a slightly higher P2O5 content compared to the 68% variant. This type is often used in specialized applications where a higher phosphorus content is required. It is particularly useful in the production of ammonium polyphosphate (APP) and other high-phosphorus compounds, which are essential in the chemical industry for flame retardants and other specialty chemicals.
Table Global Superphosphoric Acid (SPA) Market Size by Type in 2024
Type |
| Market Size (M USD) 2024 | Market Share 2024 |
68% Superphosphoric Acid |
| 402.65 | 69.76% |
69% Superphosphoric Acid |
| 149.79 | 25.95% |
Others |
| 24.75 | 4.29% |
5 Global Superphosphoric Acid (SPA) Market Consumption (K Tons) by Application in 2024
Agriculture: This is the largest application segment for SPA, with a projected consumption of 366.8 K Tons in 2024. Superphosphoric Acid is a crucial component in the production of high-efficiency fertilizers such as Monoammonium Phosphate (MAP), Diammonium Phosphate (DAP), and Triple Super Phosphate (TSP). These fertilizers are essential for enhancing soil fertility and increasing crop yields, particularly in regions facing arable land shortages due to rapid urbanization. The increasing global population and the need for sustainable agricultural practices further drive the demand for SPA in this sector.
Chemical Industry: This segment is expected to consume 43.2 K Tons of SPA in 2024. SPA is used in the production of ammonium polyphosphate (APP), which is a key ingredient in flame retardants. The chemical industry also utilizes SPA in the production of various specialty chemicals, liquid fertilizers, and other industrial applications. The growth of industries such as electronics, plastics, and coatings, which require fire-resistant materials, has increased the demand for APP and, consequently, SPA.
Table Global Superphosphoric Acid (SPA) Market Consumption (K Tons) by Application in 2024
Application |
| Market Consumption (K Tons) 2024 | Market Share 2024 |
Chemical Industry |
| 43.2 | 10.54% |
Agriculture |
| 366.8 | 89.46% |
6 Global Superphosphoric Acid (SPA) Market Demand (K Tons) by Region in 2024
North America: This region is expected to have the highest demand for SPA in 2024, with a projected consumption of 355.8 K Tons. The United States and Canada are the primary markets within this region. The demand is driven by the well-established agricultural and chemical industries, which rely heavily on SPA for producing fertilizers and specialty chemicals. The presence of major SPA manufacturers and the advanced technological infrastructure further support the market growth in this region.
Europe: The European market is projected to consume 19.9 K Tons of SPA in 2024. Key markets within Europe include Germany, the UK, France, Italy, and Russia. The demand in this region is driven by the chemical industry’s need for high-quality fertilizers and flame retardants. Stringent environmental regulations and a focus on sustainable agricultural practices also influence the market dynamics in Europe.
Asia-Pacific: This region is expected to consume 10.6 K Tons of SPA in 2024. China, Japan, South Korea, and Southeast Asia are the primary markets. The demand in Asia-Pacific is driven by the growing agricultural sector and the increasing demand for high-efficiency fertilizers. Additionally, the expanding chemical industry in countries like China and Japan further boosts the demand for SPA.
Figure Global Superphosphoric Acid (SPA) Market Demand (K Tons) by Region in 2024
7 Major Players in Global Superphosphoric Acid (SPA) Market
7.1 Itafos Conda
Company Profile: Itafos Conda is a leading producer of phosphate-based fertilizers and specialty chemicals, with a strong focus on Superphosphoric Acid (SPA). Established in 1999 and headquartered in the United States, Itafos Conda operates globally, serving customers in various regions. The company is known for its vertical integration in the phosphate fertilizer industry, providing a wide range of products and solutions to meet diverse market needs.
Business Overview: Itafos Conda’s business is centered around the production and distribution of phosphate-based products, including Monoammonium Phosphate (MAP), Superphosphoric Acid, and other specialty fertilizers. The company’s strategic location in Idaho, USA, allows it to serve the North American market effectively. Itafos Conda is committed to sustainable practices and continuous improvement in its operations, ensuring high-quality products and services.
Product Portfolio: Itafos Conda offers a comprehensive range of phosphate-based products, including:
Monoammonium Phosphate (MAP): A high-analysis fertilizer used in various agricultural applications.
Superphosphoric Acid (SPA): Used in the production of liquid fertilizers and specialty chemicals.
Ammonium Polyphosphate: A key ingredient in flame retardants and other specialty products.
Recent Financial Data: In 2022, Itafos Conda reported a revenue of 189.17 million USD from its SPA operations.
7.2 Nutrien
Company Profile: Nutrien is the world’s largest provider of crop inputs and services, with a significant presence in the Superphosphoric Acid (SPA) market. Established in 2018 and headquartered in the United States, Nutrien operates globally, offering a wide range of products and services to support sustainable agriculture. The company is known for its extensive retail network and commitment to innovation.
Business Overview: Nutrien’s business encompasses the production and distribution of fertilizers, crop protection products, seeds, and other agricultural inputs. The company’s extensive retail network, with over 2,000 locations worldwide, allows it to serve farmers and other customers effectively. Nutrien is committed to providing comprehensive solutions to support sustainable agriculture and enhance crop yields.
Product Portfolio: Nutrien offers a diverse range of products, including:
Superphosphoric Acid (SPA): Used in the production of high-efficiency fertilizers.
Monoammonium Phosphate (MAP): A key fertilizer component.
Diammonium Phosphate (DAP): Another essential fertilizer product.
Specialty Fertilizers: Tailored to meet specific agricultural needs.
Recent Financial Data: In 2022, Nutrien reported a revenue of 145.80 M USD from its SPA operations.
7.3 JR Simplot
Company Profile: JR Simplot is a leading food and agricultural company with a significant presence in the Superphosphoric Acid (SPA) market. Established in 1929 and headquartered in the United States, JR Simplot operates globally, offering a wide range of products and services. The company is known for its extensive investment portfolio, which includes agriculture, food processing, phosphate mining, and fertilizer manufacturing.
Business Overview: JR Simplot’s business is centered around the production and distribution of phosphate-based products, including Superphosphoric Acid (SPA). The company operates over 230 Simplot Grower Solutions stores in the U.S. and Canada, providing agronomic advice, products, and services to growers. JR Simplot is committed to sustainable practices and continuous improvement in its operations, ensuring high-quality products and services.
Product Portfolio: JR Simplot offers a comprehensive range of phosphate-based products, including:
Superphosphoric Acid (SPA): Used in the production of high-efficiency fertilizers.
Monoammonium Phosphate (MAP): A key fertilizer component.
Diammonium Phosphate (DAP): Another essential fertilizer product.
Specialty Fertilizers: Tailored to meet specific agricultural needs.
Recent Financial Data: In 2022, JR Simplot reported a revenue of 143.01 M USD from its SPA operations.