Diammonium Hydrogen Phosphate (DAP) Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4081
Diammonium Hydrogen Phosphate (DAP) Market size is anticipated to attain significant growth in future supported by increasing product demand from agriculture sector.
Diammonium hydrogen phosphate is a water-soluble chemical salt which release phosphoric acid and ammonia and act as an important source of phosphates and nitrogen. During reaction with water, released phosphates and ammonia result in increasing pH of the solution and make it alkaline. Owing to this unique property, the product has found its application in fertilizer industry. The chemicals released during the process are also used as an additive which provide nutrients necessary for yeast fermentation. Hence DAP can also be used as an additive in wine making as well as in brewing industry.
Increasing investment in agriculture sector in countries like India where economy is largely dependent on agriculture sector has been witnessing significant rise in fertilizers demand which will have positive influence on diammonium hydrogen phosphate market size in the coming years. Increasing dependency on fertilizers caused by shrinking of cultivated lands and strong need for high production yield crops is expected to aid the overall product demand by 2025. Furthermore, DAP is increasingly used in fire retarding application in many industries. Therefore, growing demand for firefighting products as a result of several government policies regarding environment safety, health and safety concerns in commercial, residential and industrial buildings will drive the global diammonium hydrogen phosphate (DAP) market size in the forecast timeframe. Also, a rapid rise in wine owing to its health benefits is assisting the development of market.
Increasing use of environment friendly and bio-based fertilizers is expected to remain as the key restraint to diammonium hydrogen phosphate market growth in the near future. Increasing government policies to promote environment friendly fertilizers is acting as a major hindrance to the overall market growth in the coming years. Although, untapped applications and forthcoming technologies can provide ample opportunities to the overall market growth by 2025.
Based on application, diammonium hydrogen phosphate (DAP) market size is segmented into wine making, fertilizers, fire retardant, food industry and metal industry. The major application segment of the market is fertilizers industry. A high growth rate is expected from this segment in the near future as DAP is increasingly being used to obtain an improved PH level of soil. Adding further, the product is gaining its importance in fire extinguishing applications which is attributed to its ability to produce a low pyrolysis temperature and a strong char formation. Furthermore, it is also used in sugar purification to control acid-insoluble and soluble alkali colloidal dyes precipitation, improving nicotine in cigarette, preventing afterglow in matches and in soldering of flux for copper, zinc, brass and tin.
DAP fertilizers are majorly used in paddy, cotton, peanut, vegetable crops and in broomcorn. The demand for the product, hence, relies on these crop productions. Other segment that has registered a remarkable growth is wine and yeast industry. The product is required in a small amount with yeast in wine production process. The increasing demand of wines due to changing lifestyles and rising incomes is highly influencing market growth. Africa being the largest producer of wine will witness the largest demand for DAP fertilizers in the coming years.
Asia Pacific diammonium hydrogen phosphate market size possesses the highest growth potential and is expected to follow a positive trend in future as well. China and India accounts to hold the major share in the region as a result of having a well-established agriculture sector. Latin America is also anticipated to achieve a high growth rate as a result of increasing product demand from food industry. Also, the region is experiencing agricultural sector growth.
Diammonium hydrogen phosphate market is quite fragmented and is expected to drive the overall growth potential as a result of increasing demand from countries like South Africa, India and China. Key players in the market are China Blue Chemicals Ltd., Gujarat Narmada Valley, Mosaic Co., PhosAgro AG, Sichuan Chuanxi Xingda Chemical Co., China Blue Chemicals Ltd. etc.
Diammonium Hydrogen Phosphate (DAP) Market, By Application, 2014-2025 (USD Million)
- Metal Industry
- Fire Retardant
- Food Industry
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- China Blue Chemicals
- Sichuan Chuanxi Xingda Chemical
- JR Simplot
- Gujarat Narmada Valley
- CF Industries Holdings, Inc.
- Israel Chemicals Ltd.
- Agrium Inc.
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