Russia Phosphoric Acid Market Size & Outlook, 2022-2040
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Russia phosphoric acid market highlights
- The Russia phosphoric acid market generated a revenue of USD 3,260.5 million in 2022 and is expected to reach USD 8,206.2 million by 2040.
- The Russia market is expected to grow at a CAGR of 5.3% 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 3,260.5 million |
| Market revenue in 2040 | USD 8,206.2 million |
| Growth rate | 5.3% (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, Russia accounted for 7.9% 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 Europe, Russia phosphoric acid market is projected to lead the regional market in terms of revenue in 2040.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 8,206.2 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 |
Russia 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 32.6% in 2022. Horizon Databook has segmented the Russia 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.
Russia is the largest country as per landmass across the globe and has a vast area under the agricultural activities. It had nearly 80 million hectares of planted farmland in 2020. The agricultural fields in Russia produce 10 to 13% of the total grain exports and 20 to 23% of the wheat globally.
Grain exports have strengthened the presence of Russia in developing countries. Agricultural output in the country is growing almost every year for the past decade. The grain harvests improved by 10% in 2020 to 133 million tons, out of which 43 million tons were exported.
Also, grain export is a significant contributor to the country’s budget which accounted for USD 25 billion in 2020. Large-scale grain production in Russia is expected to foster the demand for phosphate fertilizers and, in turn, phosphoric acid in the predicted years.
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Target buyers of Russia 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Russia phosphoric acid market, including forecasts for subscribers. This country databook contains high-level insights into Russia phosphoric acid market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
Partial client list
Russia Application - Phosphoric Acid Market, 2022 - 2040 (US$M)
Russia Phosphoric Acid Market Share, 2022 & 2040 (US$M)
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