China Phosphoric Acid Market Size & Outlook, 2022-2040
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China phosphoric acid market highlights
- The China phosphoric acid market generated a revenue of USD 8,727.2 million in 2022 and is expected to reach USD 18,842.2 million by 2040.
- The China market is expected to grow at a CAGR of 4.4% 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 8,727.2 million |
| Market revenue in 2040 | USD 18,842.2 million |
| Growth rate | 4.4% (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, China accounted for 21.1% 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 Asia Pacific, China phosphoric acid market is projected to lead the regional market in terms of revenue in 2040.
- India is the fastest growing regional market in Asia Pacific 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 |
China 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 33.62% in 2022. Horizon Databook has segmented the China 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.
According to the Food and Agriculture Organization, China accounts for a share of one-fourth of the grains produced in the world with less than 10% of the global arable land. The agricultural sector in China has been witnessing innovations and technological developments over the past few years.
Rice, wheat, millets, barley, soybeans, potatoes, tomatoes, peanuts, tea, and cotton are the key crops produced in the country. The expansion of fruit and vegetable acreage in China has a positive influence on the usage of phosphate fertilizers in the country as these crops tend to be more fertilizer intensive than grain crops.
Phosphorus is responsible for plant flowering, fruiting, and rooting. High-phosphorus formulas in combination with potassium, are also preferred during the cultivation of fruits and vegetables to yield high-quality fruits and vegetables of decent sizes.
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Target buyers of China 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China phosphoric acid market, including forecasts for subscribers. This country databook contains high-level insights into China phosphoric acid market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
Partial client list
China Application - Phosphoric Acid Market, 2022 - 2040 (US$M)
China Phosphoric Acid Market Share, 2022 & 2040 (US$M)
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