Extract. Securing raw material supply to meet increased demand for batteries will continue to be a trend in coming years, with attention from automakers now turning to the phosphoric acid supply chain. The automotive sector currently represents about 5% of purified phosphoric acid (PPA) demand, but that number is expected to jump to 24% by 2030. This emerging demand will need to be satisfied by new sources of supply, according to Benchmark’s recently released Phosphoric Acid Market Outlook.
Extract. Securing raw material supply to meet increased demand...
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