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NewsFlash / Minor Metals / Global Magnesium Phosphoric Acid Market Projected to Grow to $2B by 2030
Global Magnesium Phosphoric Acid Market Projected to Grow to $2B by 2030
iconJun 10, 2025 13:30
[SMM Magnesium News] The global market size of magnesium phosphoric acid was $1.4 billion in 2021 and is expected to reach $2 billion by 2030, with a compound annual growth rate (CAGR) of 4.1%. Fertilizer applications account for over 60% of the market share, with the Asia-Pacific region contributing the largest revenue proportion and expected to maintain the highest growth rate of 4.8%.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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