The Global Battery Grade Phosphoric Acid Market was valued at USD 421.5 Million in 2023 and is projected to reach USD 782.3 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period (2024–2030). This remarkable growth is primarily driven by the explosive expansion of the electric vehicle (EV) industry and the accelerating global deployment of grid-scale energy storage systems, both of which rely heavily on lithium iron phosphate (LFP) batteries.
Battery grade phosphoric acid is a high-purity chemical essential for producing lithium iron phosphate (LiFePO4) cathode material, a safer, longer-lasting, and more cost-effective alternative to cobalt-based batteries. As the world pivots towards sustainable energy, the spotlight is on the key chemical producers who are ensuring a stable, high-quality supply chain for this critical component. In this blog, we profile the Top 10 Companies in the Battery Grade Phosphoric Acid Industry—a mix of established chemical giants and specialized phosphate producers shaping the future of energy storage.
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🔟 1. Arkema
Headquarters: Colombes, France
Key Offering: High-purity Phosphoric Acid, Specialty Additives for Batteries
Arkema is a global leader in specialty chemicals and advanced materials, with a growing portfolio focused on the energy transition. Their high-purity phosphoric acid is a critical raw material for the electronics and battery industries. Arkema leverages its deep expertise in fluorine and phosphorus chemistry to develop advanced solutions for next-generation battery technologies.
Innovation and Sustainability Initiatives:
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Development of advanced electrolyte additives to enhance LFP battery performance and lifespan.
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Commitment to sustainable sourcing and reducing the environmental footprint of its chemical processes.
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Strategic R&D partnerships with battery manufacturers and automotive OEMs.
9️⃣ 2. Prayon
Headquarters: Engis, Belgium
Key Offering: Purified Phosphoric Acid (PPA), Battery Grade Phosphoric Acid
Prayon, a world-renowned phosphate expert, is a key supplier of high-purity phosphoric acid for the lithium-ion battery market. With decades of experience in phosphate technology, the company produces battery-grade acid that meets the stringent purity requirements for LFP cathode active material, serving major battery producers globally.
Innovation and Sustainability Initiatives:
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Proprietary purification technologies to achieve ultra-low levels of metallic impurities.
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Focus on circular economy principles, including water recycling and by-product valorization in its production processes.
8️⃣ 3. Solvay
Headquarters: Brussels, Belgium
Key Offering: Ultra-Pure Phosphoric Acid, Battery Materials Portfolio
Solvay is a major player in the advanced materials sector, supplying critical components for the electrification of transport. Their ultra-pure phosphoric acid is engineered for the most demanding applications in the battery supply chain. Solvay’s comprehensive approach includes other battery materials, positioning it as a key enabler for the EV revolution.
Innovation and Sustainability Initiatives:
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Investment in R&D for next-generation battery chemistries beyond LFP.
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Sustainability roadmap targeting carbon neutrality across its operations.
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Collaborations across the value chain to optimize material performance and sustainability.
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7️⃣ 4. Wengfu Group
Headquarters: Guizhou, China
Key Offering: Battery Grade Phosphoric Acid, Feed-grade and Fertilizer-grade Phosphates
Wengfu Group is one of China’s largest phosphate chemical enterprises, with a significant and growing output of battery-grade phosphoric acid. Its vertical integration, from phosphate rock mining to high-value chemical production, gives it a strong competitive advantage in supplying the booming domestic and international battery markets.
Innovation and Sustainability Initiatives:
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Significant capital expenditure to expand production capacity for battery-grade products.
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Implementation of advanced environmental protection technologies in its mining and chemical operations.
6️⃣ 5. Yuntianhua
Headquarters: Kunming, China
Key Offering: High-Purity Phosphoric Acid, LFP Precursor Materials
Yuntianhua Group is a leading Chinese chemical company with a strong focus on phosphate fertilizers and fine chemicals. The company has strategically pivoted to capture value in the battery materials sector, becoming a key domestic supplier of high-purity phosphoric acid and other precursors for LFP cathode production.
Innovation and Sustainability Initiatives:
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Rapid scaling of battery materials production capacity to meet domestic demand.
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Exploration of partnerships with cathode and battery cell manufacturers.
5️⃣ 6. Mosaic
Headquarters: Tampa, Florida, USA
Key Offering: Phosphoric Acid, Purified Phosphoric Acid for Industrial Use
The Mosaic Company is one of the world’s largest producers of concentrated phosphate and potash. While traditionally focused on agriculture, Mosaic’s massive phosphoric acid production infrastructure provides a foundational base for potential expansion into the battery-grade market, especially as North America seeks to build a localized EV supply chain.
Innovation and Sustainability Initiatives:
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Ongoing evaluation of opportunities in the battery supply chain.
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Focus on sustainable phosphate mining and processing practices.
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Investment in technologies to reduce water and energy consumption.
4️⃣ 7. EuroChem
Headquarters: Zug, Switzerland
Key Offering: Fertilizers, Industrial Phosphates, High-Purity Acids
EuroChem is a leading global fertilizer producer with integrated mining and chemical production assets. The company produces high-quality phosphoric acid and has the technical capability to purify it for specialized industrial applications, including the nascent European battery materials market.
Innovation and Sustainability Initiatives:
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Development of value-added phosphate products beyond traditional fertilizers.
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Strategic focus on operational efficiency and environmental stewardship.
3️⃣ 8. Nippon Chemical Industrial
Headquarters: Tokyo, Japan
Key Offering: High-Purity Inorganic Chemicals, Battery Grade Phosphoric Acid
Nippon Chemical Industrial is a Japanese chemical company renowned for its high-purity inorganic materials, which are critical for the electronics and battery industries. The company supplies ultra-pure phosphoric acid that meets the exacting standards of Japan’s leading battery manufacturers, emphasizing quality and consistency.
Innovation and Sustainability Initiatives:
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Specialization in ultra-high-purity products for high-tech applications.
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Long-standing relationships with key players in the Asian electronics and automotive sectors.
2️⃣ 9. ICL
Headquarters: Tel Aviv, Israel
Key Offering: Phosphoric Acid, Battery Materials, Flame Retardants
ICL is a global specialty minerals and chemicals company with significant phosphate rock reserves and phosphoric acid production capacity. ICL is actively investing in its battery materials business, recognizing the strategic importance of phosphorus in the energy storage revolution. The company is well-positioned to become a major supplier to both European and North American markets.
Innovation and Sustainability Initiatives:
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Planned investments in LFP cathode active material production facilities.
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Commitment to sustainable lithium extraction and battery recycling technologies.
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Focus on creating a circular ecosystem for battery materials.
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Battery Grade Phosphoric Acid Market – View in Detailed Research Report
1️⃣ 10. RIN KAGAKU KOGYO CO.,LTD. (CHORI)
Headquarters: Tokyo, Japan
Key Offering: Electronic Grade Phosphoric Acid, High-Purity Chemicals
RIN KAGAKU KOGYO, often referred to as CHORI, is a specialist Japanese manufacturer of high-purity chemicals for the semiconductor and display industries. The company’s expertise in purification makes it a critical supplier of electronic and battery-grade phosphoric acid, where even trace impurities can significantly impact battery performance and longevity.
Innovation and Sustainability Initiatives:
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Focus on niche, high-value purification technologies.
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Stringent quality control processes tailored for the most demanding industrial applications.
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Battery Grade Phosphoric Acid Market – View in Detailed Research Report
🌍 Outlook: The Future of Battery Grade Phosphoric Acid Is Strategic and Scalable
The battery grade phosphoric acid market is at the heart of the global energy transition. As LFP batteries continue to gain market share due to their safety, cost, and longevity advantages, the demand for high-purity phosphoric acid will surge. The industry is responding with significant investments in production capacity and purification technologies.
📈 Key Trends Shaping the Market:
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Geographical Supply Chain Diversification: Efforts to build LFP and precursor production capacity in North America and Europe to reduce reliance on Asia.
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Vertical Integration: Battery and cathode manufacturers are forming strategic partnerships with phosphate producers to secure long-term, stable supplies.
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Purity and Performance: Continuous R&D to push purity limits further, enabling higher energy density and longer cycle life for LFP batteries.
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Sustainability Focus: Increasing scrutiny on the environmental and social governance (ESG) credentials of phosphate mining and processing.
Get Full Report Here:
Battery Grade Phosphoric Acid Market – View in Detailed Research Report
The companies listed above are not only supplying a critical chemical—they are empowering the clean energy transition by making sustainable energy storage more accessible and reliable for the world.
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