Ammonium Phosphates Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, Italy, France, Spain, China, India, Japan, South Korea, Malaysia, Brazil, Argentina, South Africa, Saudi Arabia), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3593
Ammonium Phosphates Market size is likely to witness a significant upsurge in the coming years owing to growing demand for agricultural fertilizers. It is majorly utilized to deliver nutrients including nitrogen and phosphorus for higher yield in arable lands to cater food for rising population which will accelerate the market demand.
Ammonium phosphates are inorganic salts derived from reaction between ammonia and phosphorus. It is obtained in form of dry powder, solid, liquid and pellet crystal. The compound is manufactured in long chain molecules to provide stability. This salt is classified into three types including mono-ammonium phosphate (MAP), di-ammonium phosphate (DAP), and ammonium polyphosphate. This salt offers superior water solubility and high dissolving characteristics which should stimulate product demand. Rising utilisation in fertilizers, flame retardant, water treatment and food & beverages industry should propel ammonium phosphates market demand.
Mono-ammonium phosphate (MAP) market size is anticipated to rise significantly in projected timeframe owing growing demand from fertilizers, fire extinguisher, optics, electronics and toys industries. Rising usage of MAP fertilizers due to its moderately acidic characteristics making it suitable for neutral and high pH soils should accelerate industry growth. Wide utilisation of high purity MAP as animal feed ingredient resulting superior metabolic functions in animals should propel ammonium phosphates market growth.
Diammonium phosphate (DAP) market may witness a steady demand over forecast period. Rising product demand from fire retardant, winemaking, mead making, and agricultural industries should accelerate industry growth. Increase in product usage to fight wildfires owing to beneficial attributes including lowering pyrolysis temperature should stimulate the ammonium phosphates market share.
Ammonium polyphosphates market may experience steady growth over the forecast period owing to rising paints & coatings demand. Its utilisation in paints as flame retardant owing to stable and non-volatile characteristics should stimulate product demand. Growing product usage as food additives and emulsifier should accelerate industry growth.
Global consumer electronics market may surpass USD 1.5 trillion by 2024 owing to rising adoption of smartphones. Rising product demand in electronics owing to piezoelectric property should stimulate industry growth. Wide utilisation of ammonium phosphates as an alternative to quartz and Rochelle salt crystals due to easy workability should favour industry growth.
Excessive ammonium phosphates utilisation makes soil unsuitable for farming and lack of nutrients resulting soil toxicity making inhabitable for essential microorganisms. It also leads to ground water poisoning which may challenge product demand, thus limiting industry profitability.
North America, led by Mexico, Canada and the U.S. ammonium phosphates market size, is anticipated to rise significantly in the projected time period. Large cultivation of corn and soybean crops should increase inorganic fertilizers demand, thus driving regional industry growth.
Europe, driven by UK, Spain, Italy, France and Germany ammonium phosphates market may observe steady gains due to rising wine industry supported by business-friendly economic environment. Growing product utilisation as a fermentation nutrient in wine making should propel product demand. Rising French wine demand owing to superior product quality and heritage should accelerate regional market growth.
Asia pacific, led by Australia, South Korea, Japan, China and India ammonium phosphates market is anticipated to experience significant growth in agricultural and water treatment industry. Rising production and exports of agrochemicals should propel the market growth. Moreover, supportive government initiatives including 12th Five Year Plan aiming to provide safe drinking water to household should increase water treatment demand, thus driving ammonium phosphates regional industry growth.
Global ammonium phosphates market share is moderately fragmented. The key players operating in the market includes Nutrien Ltd, Yara, S.A. OCP , Haifa Chemicals, Coromandel, Jordan Phosphate Mines Company, Eurochem Group, Prayon, Yidu Xingfa Chemical Co, Chemische Fabrik Budenheim, Yunnan Yuntianhua International Chemical, Innophos, Inc., Forbes Pharmaceuticals, Maaden-Saudi Arabian Mining Company, and Vinipul Inorganics Pvt ltd.
Companies are majorly focusing on innovation, increasing production capacities, acquisitions and mergers to cater worldwide product demand. In 2018, India state owned company National Fertilizers Limited (NFL) has announced to set up di-ammonium phosphate (DAP) plant in Algeria through joint venture and under buyback agreement. Through this expansion, NFL will be able to cater rising worldwide product demand.
Initiatives along with competitive pricing may support market share increase over projected time frame. Manufacturers are extensively investing in new production techniques to produce sustainably and reduce environmental degradation.
Tata chemicals has launched its new product named Tata Paras 20:20:0:13. This product is an ammonium phosphate sulphate fertiliser which is designed to address need for constant nutritional change in soil along with enabling improved soil properties and crop productivity. This product is majorly launched to address nationwide issue of excessive micronutrients depletion due to indiscriminate usage of fertilizers, thus driving regional ammonium phosphates market growth.
By Product, 2014-2025 (Tons) (USD Million)
- Mono-ammonium phosphate (MAP)
- Di-ammonium phosphate (DAP)
- Ammonium polyphosphate
By Application, 2014-2025 (Tons) (USD Million)
- Flame retardants
- Food additives
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Nutrien Ltd
- S.A. OCP
- Haifa Chemicals
- Jordan Phosphate Mines Company
- Eurochem Group
- Yidu Xingfa Chemical Co
- Chemische Fabrik Budenheim
- Yunnan Yuntianhua International Chemical
- Innophos, Inc.
- Forbes Pharmaceuticals
- Maaden-Saudi Arabian Mining Company
- Vinipul Inorganics Pvt ltd
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