Indonesia Phosphoric Acid Market Size & Outlook, 2022-2040
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Indonesia phosphoric acid market highlights
- The Indonesia phosphoric acid market generated a revenue of USD 813.9 million in 2022 and is expected to reach USD 1,756.0 million by 2040.
- The Indonesia 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 813.9 million |
| Market revenue in 2040 | USD 1,756.0 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, Indonesia accounted for 2.0% 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 |
Indonesia 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 34.12% in 2022. Horizon Databook has segmented the Indonesia 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.
Indonesia is one of the largest importers of fertilizers across the globe. The fertilizer industry of the country is largely driven by its public sector. The production of fertilizers in Indonesia has continuously increased in recent years.
The government of the country intends to improve its agricultural production to ensure that Indonesia is self-sufficient in terms of food. This requires increased usage of fertilizers as the agricultural productivity of the country is very low.
Thus, the demand for phosphate fertilizers is projected to increase in Indonesia during the forecast period, thereby driving the growth of phosphoric acid market in the country.
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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 Indonesia phosphoric acid market, including forecasts for subscribers. This country databook contains high-level insights into Indonesia phosphoric acid market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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Indonesia Application - Phosphoric Acid Market, 2022 - 2040 (US$M)
Indonesia Phosphoric Acid Market Share, 2022 & 2040 (US$M)
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