Chile Phosphoric Acid Market Size & Outlook, 2022-2040
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Chile phosphoric acid market highlights
- The Chile phosphoric acid market generated a revenue of USD 18.9 million in 2022 and is expected to reach USD 36.8 million by 2040.
- The Chile market is expected to grow at a CAGR of 3.8% 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 18.9 million |
| Market revenue in 2040 | USD 36.8 million |
| Growth rate | 3.8% (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
- Country-wise, China is expected to lead the global market in terms of revenue in 2040.
- In Latin America, Brazil phosphoric acid market is projected to lead the regional market in terms of revenue in 2040.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,334.1 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 |
Chile 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 33.86% in 2022. Horizon Databook has segmented the Chile 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 International Trade Administration, the agriculture sector is a major hub for economic activities in Chile. It produces and exports key agricultural commodities such as cherries, grapes, berries, apples, etc. to other countries of the world.
According to the International Trade Association, Chile is among the top ten agricultural exporters in the world. The declining arable land in the country is generating a requirement of using fertilizers for generating high yields from limited land.
This is anticipated to contribute to the surged demand for phosphate fertilizers in Chile. This, in turn, is projected to have a positive impact on the demand for phosphoric acid in Chile in the coming years.
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Target buyers of Chile 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 Chile phosphoric acid market, including forecasts for subscribers. This country databook contains high-level insights into Chile phosphoric acid market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
Partial client list
Chile Application - Phosphoric Acid Market, 2022 - 2040 (US$M)
Chile Phosphoric Acid Market Share, 2022 & 2040 (US$M)
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