Ammonium Phosphate Market 2018 Development Trends, Competitive Landscape and Key Regions 2023

Industry/Innovation/Related News:

October 15, 2018 - ICIS (Independent Chemical Information Service), a business unit of Reed Business Information while reporting on the recent (24 September) increase in the US tariffs that imposes 10% hike on all fertilizer products and which is also due to increase up to 25% from 1 January 2019, assured that this increase is not likely to have any major impact on the China fertilizers market, even though the final list includes nearly all the crop nutrients produced in China.

The US tariffs list on Chinese goods include all fertilizers including diammonium phosphate (DAP) OR monoammonium phosphate (MAP), urea, ammonium sulphate (AS), ammonium nitrate (AN), urea ammonium nitrate (UAN).

October 11, 2018 - The Union Government of India increased the price of the di-ammonium phosphate (DAP) fertilizer by Rs 140 per bag, from Rs 1,250 to Rs 1,390. The DAP prices were Rs. 1,091 in January 2018, which have skyrocketed to Rs 1,390 and there are indications of the further increase in its price as well.

Global Ammonium Phosphate Market - Competitive Analysis

The key players operating in the Ammonium Phosphate Market compete based on pricing, Technology, and services they strive to deliver the best quality products based on innovative technologies, and best practices. Ammonium Phosphate Market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in intensified competition further.

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Key Players:

Some of the eminent leaders of the market include Yara (Norway), Nutrien Ltd. (Canada), S.A. OCP (Africa), Coromandel (India), Haifa Chemicals Ltd. (Israel), Jordan Phosphate Mines Company Limited (Jordan), Prayon S.A (Belgium), Eurochem Group AG (Switzerland), Yidu Xingfa Chemical Co., Ltd. (China), Yunnan Yuntianhua International Chemical Co., Ltd ( China), Chemische Fabrik Budenheim KG (Germany), Innophos, Inc. (U.S.), Maaden-Saudi Arabian Mining Company (Saudi Arabia), Vinipul Inorganics Private Limited (India), and Forbes Pharmaceuticals (India).

Global Ammonium Phosphate Market - Regional Analysis

The Asia Pacific region accounts for the leading market for Ammonium Phosphate owing to the expansion of various applications such as water treatment, food & beverages, and fertilizers. Some of the APAC countries such as China, Vietnam, Japan, Malaysia, and India is driven by agriculture industry account for the largest consumers of ammonium phosphate, generating the huge demand.

Simultaneously, the high production and exportation of agrochemicals in countries such as China, Indonesia, Malaysia, and India, are expected to impact the market growth positively, during the review period.

Simultaneously, the ever-increasing population along with the growing urbanization, and industrialization in the region are providing impetus to the market growth, prompting a greater demand for food and water. Also, the APAC region offers the cost-competitive land and labor force along with the ample availability of feedstock required for the production of the product which in turn, acts as a major driving force for the market growth in the region.

The North America market is emerging as a lucrative market for Ammonium Phosphate. The market is expected to witness an outstanding growth due to the extensive use of chemical fertilizers in the U.S. The US and Canada among the other North American countries account for the key contributors to the market growth in the region. Also, the constant expansion of the F&B and Water Treatment sector is one of the key drivers fostering the market growth.

On the other hand, the ammonium phosphate market in Europe is expected to witness restricted growth. The stringent regulatory framework is estimated to impede the market growth in the region during the assessment period. The joint proposal of ESPP for Fertilizer Regulation in EU which imposes stringent recovery rules for struvites, ashes, biochars, and pyrolysis products which is posing challenges to the market growth.

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Ammonium Phosphate Market 2018: Analysis, Growth, Top Key Players and Trends by Forecast to 2023

Market Overview
Ammonium Phosphate is a chemical salt of ammonia and phosphorus. It is highly unstable, non-combustible compound and thermally decomposes to emit fumes of phosphorus oxides, nitrogen oxides, and ammonia. Ammonium Phosphate is extensively used in fertilizer manufacturing and is holding a major share of the Global Ammonium Phosphate Market. The various available types of ammonium phosphates’ are mono-ammonium phosphate (MAP), di-ammonium phosphate (DAP), and Ammonium Polyphosphate.

Ammonium Phosphate is used for the production of the most concentrated fertilizers namely Meta, pyro, and orthophosphates of ammonia. The Global Ammonium Phosphate Market is mainly driven by its application as a fertilizer due to the increasing demand from major agricultural economies such as India, Brazil, Argentina, China, Indonesia, among others. Mono-Ammonium Phosphate is a primary choice for fertigation due to its ability to create a moderate acidic nature, which is favorable for soil fertility. Also, it finds its usage in ABC dry fire extinguishing agent. Di-ammonium is widely used as a fire extinguisher due to its property of reducing combustion temperature and increasing rate of char formation, which reduces the chances of a fire breakout. However, the extensive use of Di-Ammonium Phosphate as fertilizer makes the soil alkaline resulting in seed germination and root development problems. Besides being used as a fertilizer and fire retardant, Ammonium Phosphate is extensively used for water treatment. Wastewater is usually purified using biological processes, which require nutrients like phosphorus, nitrogen and ideal pH environment. The increasing demand for water treatment owing to growing industrialization is another factor driving the market growth. The considerable growth of food & beverage industries is driving the Ammonium Phosphate Market positively due to its application in the vine and wed brewing and in sugar purification.

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Market Segmentation
The Global Ammonium Phosphate Market is segmented on the basis of the type, applications, and region.

On the Basis of the Types, the Global Ammonium Phosphate Market is segmented into mono-ammonium phosphate (MAP), di-ammonium phosphate (DAP), and ammonium polyphosphate.

Based on the Application, the global market is categorized into fertilizers, flame retardant, water treatment chemicals, food & beverages, and others.

Regional Analysis
The Global Ammonium Phosphate Market is segmented into five major regions Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The Asia Pacific is the fastest growing region due to increasing demand for agrochemicals in major agricultural countries in this region. Economies such as China, India, Indonesia, and Malaysia are the major contributors on account of the high production and exportation of fertilizers. Additionally, the increasing rate of industrialization, urbanization, and infrastructural development fuelling the demand for the product in wastewater treatment, which may further propel the market growth.

The extensive use of fertilizers in the U.S. for crop production is the major driver of the market in the North American region.

Latin America is another substantial region in the market growth due to the high exportation of fertilizers by countries such as Mexico, followed by Brazil and Argentina.

Unlike the regions mentioned above, the market growth in the European region is expected to witness sluggish growth owing to the stringent “nutrient recovery rules” by EU Fertilizer Regulation may hamper the market growth in this region.

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