Global Phosphoric Acid Market Size & Outlook, 2022-2040
Global phosphoric acid market, 2018-2040 (US$M)
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Global phosphoric acid market highlights
- The global phosphoric acid market generated a revenue of USD 41,263.9 million in 2022 and is expected to reach USD 87,062.1 million by 2040.
- The market is expected to grow at a CAGR (2023 - 2040) of 4.2% by 2040.
- In terms of segment, diamonium hydrogenphosphate (dap) accounted for a revenue of USD 13,832.3 million in 2022.
- Monoammonium Dihydrogenphosphate (MAP) is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2040.
Global data book summary
| Market revenue in 2022 | USD 41,263.9 million |
| Market revenue in 2040 | USD 87,062.1 million |
| Growth rate | 4.2% (CAGR from 2023 to 2040) |
| Largest segment | Diamonium hydrogenphosphate (dap) |
| Fastest growing segment | Monoammonium Dihydrogenphosphate (MAP) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2040 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diamonium Hydrogenphosphate (DAP), Monoammonium Dihydrogenphosphate (MAP), Triple Superphosphate (TSP), Other Fertilizers, Other Applications |
Other key industry trends
- In terms of revenue, the North America accounted for 10.4% of the global phosphoric acid market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2040.
- By country, India is the fastest growing regional market and is projected to reach USD 7,855.0 million by 2040.
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Phosphoric Acid Market Scope
Phosphoric Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aditya Birla Group | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | https://www.adityabirla.com/ |
| Banque Populaire du Maroc | View profile | 5001-10000 | Casablanca, Grand Casablanca, Morocco, Africa | https://www.groupebcp.com/fr/Pages/home.aspx |
| Prayon, Inc | View profile | 1001-5000 | Augusta, Georgia, United States, North America | http://www.prayon.com/fr/index.php |
| Yara International ASA | View profile | 18000 | Drammensveien 131, Oslo, Norway, 0277 | https://www.yara.com |
| The Mosaic Co | View profile | 14049 | 101 East Kennedy Boulevard, Suite 2500, Tampa, FL, United States, 33602 | https://www.mosaicco.com |
| Nutrien Ltd | View profile | 25900 | 211 19th Street East, Suite 1700, Saskatoon, SK, Canada, S7K 5R6 | https://www.nutrien.com |
Global phosphoric acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to phosphoric acid market will help companies and investors design strategic landscapes.
Diamonium hydrogenphosphate (dap) was the largest segment with a revenue share of 33.52% in 2022. Horizon Databook has segmented the Global phosphoric acid market based on diamonium hydrogenphosphate (dap), monoammonium dihydrogenphosphate (map), triple superphosphate (tsp), other fertilizers, other applications covering the revenue growth of each sub-segment from 2018 to 2040.
- Global Phosphoric Acid Application Outlook (Revenue, USD Million, 2018-2040)
- Diamonium Hydrogenphosphate (DAP)
- Monoammonium Dihydrogenphosphate (MAP)
- Triple Superphosphate (TSP)
- Other Fertilizers
- Other Applications
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Target buyers of Global phosphoric acid market databook
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Our clientele includes a mix of phosphoric acid market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global phosphoric acid market, including forecasts for subscribers. This global databook contains high-level insights into Global phosphoric acid market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
Partial client list
Global phosphoric acid market size, by regions, 2018-2040 (US$M)
Top 10 countries: Phosphoric acid market size, 2022 (US$M)
Global phosphoric acid market share, by application, 2022 & 2040 (%, US$M)
Phosphoric acid market: Opportunity assessment by country
Global phosphoric acid market, by region, 2022 (US$M)
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