Germany Phosphoric Acid Market Size & Outlook, 2022-2040
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Germany phosphoric acid market highlights
- The Germany phosphoric acid market generated a revenue of USD 208.8 million in 2022 and is expected to reach USD 365.2 million by 2040.
- The Germany market is expected to grow at a CAGR of 3.2% 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 208.8 million |
| Market revenue in 2040 | USD 365.2 million |
| Growth rate | 3.2% (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, Germany accounted for 0.5% 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 |
Germany 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 Germany 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.
Germany has a strong agricultural sector with half of the national territory put to agricultural use. The country’s agricultural sector is among the four largest producers in Europe. It is the third-largest exporter of agricultural goods in the world exporting one-third of its products.
Around 50% of the total farmland is made into arable land and grassland. Grain is cultivated on one-third of the total agricultural land. Wheat is the leading product followed by barley and rye. Phosphorus improves the quality of grain crops and plays a vital role in seed formation.
DAP is an excellent source of nitrogen and phosphorus which provides a correct proportion of these minerals for the farming of barley, wheat, and other crops. This is expected to fuel the demand for phosphate fertilizers market and phosphoric acid in the country.
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Target buyers of Germany 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 Germany phosphoric acid market, including forecasts for subscribers. This country databook contains high-level insights into Germany phosphoric acid market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
Partial client list
Germany Application - Phosphoric Acid Market, 2022 - 2040 (US$M)
Germany Phosphoric Acid Market Share, 2022 & 2040 (US$M)
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