Argentina Phosphoric Acid Market Size & Outlook, 2022-2040
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Argentina phosphoric acid market highlights
- The Argentina phosphoric acid market generated a revenue of USD 24.3 million in 2022 and is expected to reach USD 44.5 million by 2040.
- The Argentina market is expected to grow at a CAGR of 3.4% from 2023 to 2040.
- In terms of segment, diamonium hydrogenphosphate (dap) was the largest revenue generating application in 2022.
- Monoammonium Dihydrogenphosphate (MAP) is the most lucrative application segment registering the fastest growth during the forecast period.
Phosphoric acid market data book summary
| Market revenue in 2022 | USD 24.3 million |
| Market revenue in 2040 | USD 44.5 million |
| Growth rate | 3.4% (CAGR from 2023 to 2040) |
| Largest segment | Diamonium hydrogenphosphate (dap) |
| Fastest growing segment | Monoammonium Dihydrogenphosphate (MAP) |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2040 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diamonium Hydrogenphosphate (DAP), Monoammonium Dihydrogenphosphate (MAP), Triple Superphosphate (TSP), Other Fertilizers, Other Applications |
| Key market players worldwide | The Mosaic Co, Nutrien Ltd, Prayon, Inc, Yara International ASA, Banque Populaire du Maroc, Aditya Birla Group |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.1% of the global phosphoric acid market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2040.
- In Latin America, Brazil phosphoric acid market is projected to lead the regional market in terms of revenue in 2040.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,334.1 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 |
Argentina 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 33.33% in 2022. Horizon Databook has segmented the Argentina 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.
The country is one of the leading exporters of wheat and soybeans in the world. Argentina produced 120 million tons of legumes and cereals on 31 million hectares of land in 2020. The major crops produced in the country include wheat, maize, grapes, sunflower seeds, apples, and sugarcane.
According to the Food and Agriculture Organization, 75.0% of farms in Argentina are family farms and account for a share of 18.0% of the total agricultural land of the country. They hold a share of 27.0% of the total agricultural output.
The Food and Agriculture Organization (FAO) has warned that the soil in Argentina is not receiving sufficient care from the farmers. This is expected to fuel the demand for phosphate fertilizers in the country to increase the level of soil nutrients in Argentina. This is projected to have a positive impact on the demand for phosphoric acid in the country in the near future.
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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 country-level data and insights on the Argentina phosphoric acid market, including forecasts for subscribers. This country databook contains high-level insights into Argentina phosphoric acid market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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Argentina Application - Phosphoric Acid Market, 2022 - 2040 (US$M)
Argentina Phosphoric Acid Market Share, 2022 & 2040 (US$M)
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