Peru Phosphoric Acid Market Size & Outlook, 2022-2040
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Peru phosphoric acid market highlights
- The Peru phosphoric acid market generated a revenue of USD 120.6 million in 2022 and is expected to reach USD 235.5 million by 2040.
- The Peru 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 120.6 million |
| Market revenue in 2040 | USD 235.5 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
- In terms of revenue, Peru 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 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 |
Peru 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 35.24% in 2022. Horizon Databook has segmented the Peru 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.
The agriculture sector has consistently been among the major contributors to the economic growth of Peru. The agricultural exports from Peru to the U.K. and the European Union increased by more than 21.0% in the first four months of 2021.
Factors such as the easy availability of arable land and the large-scale exports of agricultural commodities are expected to increase agricultural production in Peru. This is expected to drive the demand for phosphate fertilizers in the country, thereby fueling the growth of phosphoric acid market in Peru during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Peru phosphoric acid market, including forecasts for subscribers. This country databook contains high-level insights into Peru phosphoric acid market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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Peru Application - Phosphoric Acid Market, 2022 - 2040 (US$M)
Peru Phosphoric Acid Market Share, 2022 & 2040 (US$M)
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