Mexico Phosphoric Acid Market Size & Outlook, 2022-2040
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Mexico phosphoric acid market highlights
- The Mexico phosphoric acid market generated a revenue of USD 406.6 million in 2022 and is expected to reach USD 774.2 million by 2040.
- The Mexico market is expected to grow at a CAGR of 3.6% 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 406.6 million |
| Market revenue in 2040 | USD 774.2 million |
| Growth rate | 3.6% (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, Mexico accounted for 1.0% 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 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 |
Mexico 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 36.62% in 2022. Horizon Databook has segmented the Mexico 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.
Mexico is one of the three powerhouses of Latin America, along with Argentina and Brazil. Major crops cultivated in the country include sugarcane, corn, wheat, sorghum, etc. The country is one of the leading agri-food producers in the world.
Chemically synthesized fertilizers have widespread usage in Mexico. Factors such as the capitalization of indigenous raw material deposits and the rapidly expanding domestic fertilizer market in Mexico are anticipated to fuel the growth of phosphate fertilizer market in the country. This is anticipated to fuel the demand for phosphoric acid in Mexico over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico phosphoric acid market, including forecasts for subscribers. This country databook contains high-level insights into Mexico phosphoric acid market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico Application - Phosphoric Acid Market, 2022 - 2040 (US$M)
Mexico Phosphoric Acid Market Share, 2022 & 2040 (US$M)
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