Home > Polymers, Specialty Chemicals & Advanced Materials > Diammonium Hydrogen Phosphate Market

Diammonium Hydrogen Phosphate Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI4081

Diammonium hydrogen phosphate market size is projected to expand at a significant rate during the forecast timeframe of 2023-2032 as the product is finding robust usage in fertilizers to boost the crop yield rate. The compound has high nutrient content which is important for enriching the nutritional value of crops. It is highly soluble in water and insoluble in alcohol. Moreover, DAP dissolves quickly in soil to release phosphorus and ammonium, which further enhances the overall soil and crop health.

Rapid urbanization has played an important role in scaling up the production of crops, thereby propelling the demand for fertilizers. As per estimates published by the FAO, urbanization is expected to grow at a substantial pace, and might account for 70% of the world population by the end of 2050. These trends will bolster diammonium hydrogen phosphate (DAP) industry growth.

However, the rising introduction of bio-based and eco-friendly fertilizers might hinder DAP market progress over the coming years. Nevertheless, customers are becoming more aware of the health benefits of wine, which has positively impacted its consumption. As per estimates, in 2022, around 281 million wine cases were predicted to be sold globally. Moreover, the rising disposable income levels of the middle-class population is another factor that will create several business opportunities for the market to grow.

Based on type, the powder segment is estimated to hold a sizeable share of diammonium hydrogen phosphate market by 2032. Powdered DAP is an inorganic phosphate salt of phosphoric acid which is highly soluble in water. This type of DAP can be stored in cool, dry, and well-ventilated spaces. These properties are expected to make them a popular fertilizer as the product can improve plant nutrition.

In terms of application, diammonium hydrogen phosphate market value from the fire-retardant segment might record a commendable increase by 2032. Fire accidents and wildfires are growing at a considerable rate across the world. According to a report by the U.S. National Fire Protection Association (NFPA), in 2021, the death rate from fire accidents hit a 14-year high. The report further states that the local fire departments responded to 1.35 million fires in that year alone.

DAP can be useful in such cases as the compound is known to lower the combustion temperature of the material, reducing the maximum weight loss rate, and assists in increasing the production of char. DAP is also the largest component in some of the most popular commercial firefighting products and is one of the main ingredients in fire retardant cigarettes. These factors will accelerate DAP market progress.

Asia Pacific diammonium hydrogen phosphate market share is expected to increase substantially during the analysis timeframe. One of the major factors contributing to the regional market development is the growing expenditure on the agriculture sector across countries, such as India and China and the wide availability of large cultivable land.

Reports suggest that sowing during the Rabi season of 2021-22 covered 68.9 million hectares of agricultural land in India. This has caused a steady rise in the adoption of DAP fertilizers as they are used to improve crop health and overall yield rate. High prevalence of wildfires and fire accidents across the region are also expected to stimulate the regional market growth in the forthcoming years.

Sichuan Chuanxi Xingda Chemical Co., Mosaic Co., China BlueChemical Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Ltd., and PhosAgro AG, among many others, are some of the prominent companies operating in diammonium hydrogen phosphate market. These organizations are striving to introduce novel innovations in the business space. They are also engaged in the implementation of various strategies, such as partnerships, mergers, acquisitions, and product launches.

For instance, in March 2021, Mosaic Co. and Sound Agriculture signed a partnership agreement to develop a high-quality nutrient efficiency product that boosts the yield rate of major crops and enhances soil health. These developments will improve the usage of DAP to make fertilizers.

The Russia-Ukraine war had a severe effect on diammonium hydrogen phosphate market trends as agricultural production and supply decreased significantly. This slowed the demand and manufacturing of fertilizers as well, further hampering the industry development.

What Information does this report contain?

Historical data coverage: 2018 to 2022; Growth Projections: 2023 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed

Access for 2 to 5 users only within same department of one company

Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Budget constraints? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Buy Now

Access to only 1 person; cannot be shared; cannot be printed

Access for 2 to 5 users only within same department of one company

Access to a company wide audience; includes subsidiary companies or other companies within a group of companies