South Africa Phosphoric Acid Market Size & Outlook
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South Africa phosphoric acid market highlights
- The South Africa phosphoric acid market generated a revenue of USD 326.3 million in 2022 and is expected to reach USD 615.3 million by 2040.
- The South Africa 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 326.3 million |
| Market revenue in 2040 | USD 615.3 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, South Africa accounted for 0.8% 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 Middle East & Africa, Morocco phosphoric acid market is projected to lead the regional market in terms of revenue in 2040.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3,209.9 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 |
South Africa 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 30.95% in 2022. Horizon Databook has segmented the South Africa 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 is the dominant export segment of South Africa and contributed around 10% to the total export earnings amounting to USD 10.2 billion in 2020. According to AgriSETA, 80% of the land in the country is used for agriculture.
According to the International Trade Administration, there are around 32,000 commercial farms in the country, of which, 5 to 7,000 produces around 80% of the agricultural output.
Factors such as increased government subsidies for farm machinery, integration of digital technologies with agriculture, and adoption of precision farming are predicted to boost agricultural activities which are likely to foster the demand for phosphate fertilizers and phosphoric acid over the forecast period.
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Target buyers of South Africa 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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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 South Africa phosphoric acid market, including forecasts for subscribers. This country databook contains high-level insights into South Africa phosphoric acid market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa Application - Phosphoric Acid Market, 2022 - 2040 (US$M)
South Africa Phosphoric Acid Market Share, 2022 & 2040 (US$M)
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