Spain Phosphoric Acid Market Size & Outlook, 2022-2040
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Spain phosphoric acid market highlights
- The Spain phosphoric acid market generated a revenue of USD 139.7 million in 2022 and is expected to reach USD 242.3 million by 2040.
- The Spain market is expected to grow at a CAGR of 3.1% from 2023 to 2040.
- In terms of segment, diamonium hydrogenphosphate (dap) was the largest revenue generating application in 2022.
- Other Applications 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 139.7 million |
| Market revenue in 2040 | USD 242.3 million |
| Growth rate | 3.1% (CAGR from 2023 to 2040) |
| Largest segment | Diamonium hydrogenphosphate (dap) |
| Fastest growing segment | Other Applications |
| 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, Spain accounted for 0.3% 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 |
Spain 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 36.65% in 2022. Horizon Databook has segmented the Spain 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.
Agriculture, food security, and rural development are among the key priorities of Spain’s official development assistance. As per Organization for Economic Co-operation and Development, the country possesses 7,256.00 thousand hectares of agricultural land.
Fruits, vegetables, and cereals are the principal crops that account for three-fourth of the agricultural produce of Spain. Wheat and barley are grown on the plains of Andalusia and Mancha. Corn, which is a key fodder crop, is grown in the northern part of Spain.
Adequate phosphorous for crop results in greater stalk strength, increased root growth, higher grain production, and improved crop quality. This is predicted to bolster the demand for phosphate fertilizers in the country, which is likely to influence the demand for phosphoric acid over the forecast period.
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Target buyers of Spain 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 Spain phosphoric acid market, including forecasts for subscribers. This country databook contains high-level insights into Spain phosphoric acid market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
Partial client list
Spain Application - Phosphoric Acid Market, 2022 - 2040 (US$M)
Spain Phosphoric Acid Market Share, 2022 & 2040 (US$M)
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