Jordan Phosphoric Acid Market Size & Outlook, 2022-2040
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Jordan phosphoric acid market highlights
- The Jordan phosphoric acid market generated a revenue of USD 230.3 million in 2022 and is expected to reach USD 428.1 million by 2040.
- The Jordan market is expected to grow at a CAGR of 3.5% 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 230.3 million |
| Market revenue in 2040 | USD 428.1 million |
| Growth rate | 3.5% (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, Jordan accounted for 0.6% 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 Middle East & Africa, Morocco phosphoric acid market is projected to lead the regional market in terms of revenue in 2040.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3,209.9 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 |
Jordan 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 31.83% in 2022. Horizon Databook has segmented the Jordan 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 has one of the lowest levels of water availability per capita across the globe. Agriculture is the largest consumer of water accounting for around 60% of withdrawals. The agricultural sector accounts for 3 to 4% of the total GDP and is the main source of income for approximately 15% of the population. Jordan is one of the highly populated countries of the Middle East.
Urbanization is leading to the conversion of agricultural land owing to a growing population in the country. Thus, the shrinkage of arable land is generating the need to use fertilizers to yield higher agricultural output in a limited space. This is predicted to fuel the demand for phosphate fertilizers and subsequently phosphoric acid over the forecast period.
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Target buyers of Jordan 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 country-level data and insights on the Jordan phosphoric acid market, including forecasts for subscribers. This country databook contains high-level insights into Jordan phosphoric acid market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
Partial client list
Jordan Application - Phosphoric Acid Market, 2022 - 2040 (US$M)
Jordan Phosphoric Acid Market Share, 2022 & 2040 (US$M)
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