Diammonium Hydrogen Phosphate Market by Application (Fertilizers, Brewing, Metal Industry, Food Industry, and Fire Retardant): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global diammonium hydrogen phosphate market expected to reach around USD 2,367 million by 2025, at a CAGR of slightly above 12% between 2019 and 2025. The ever-growing population and shrinkage of plowable land have led to an increased dependency on fertilizers for higher productivity and improved quality of crops.

14-May-2019 | Number of pages: 110 | Report Code: ZMR-4114 | Report Format : | Status : Published

Analysis

Diammonium hydrogen phosphate, commonly called DAP, is a type of salt that is soluble in water. It is mainly produced by the chemical reaction where ammonia reacts with phosphoric acid. DAP is widely used in phosphorus fertilizers, due to its various physical properties and nutrient contents. Diammonium phosphate is mainly used as fertilizers for the cultivation of paddy, vegetable crops, peanut, and cotton.

The ever-growing population and shrinkage of plowable land have led to an increased dependency on fertilizers for higher productivity and improved quality of crops. This is likely to fuel the global diammonium hydrogen phosphate market in the future. Moreover, the rapidly developing agricultural sector results in the suffice use of fertilizers, which is another growth factor for this market. The sudden rise in wine consumption due to its health benefits is also assisting with the global diammonium hydrogen phosphate market development. Furthermore, diammonium hydrogen phosphate is highly recommended as a fire retardant in various industries and buildings, as it can form high amounts of char. This is another factor expected to aid this market. However, the availability of various bio-based and eco-friendly fertilizers in the market may inhibit this market. Nevertheless, forthcoming technologies and untapped applications of diammonium hydrogen phosphate are projected to propel the diammonium hydrogen phosphate market over the forecast time period.

Global Diammonium Hydrogen Phosphate Market

By application, the global diammonium hydrogen phosphate market includes fertilizers, brewing, metal industry, food industry, and fire retardant. Fertilizers are the most likely to show good growth in the future, as they use huge amounts of diammonium hydrogen phosphate for obtaining an increased pH level. In brewing, diammonium hydrogen phosphate provides nutrition to yeast for fermentation. Additionally, diammonium hydrogen phosphate is used for extinguishing fires, as DAP produces low pyrolysis temperature with high char formation.

By region, Asia Pacific is considered to be the most prominent market for the diammonium hydrogen phosphate market and is expected to gain traction in the future. This can be majorly attributed to the rapidly growing agricultural sector due to the huge availability of arable land. The increased use of fertilizers for higher productivity and improved quality has led to the growing demand for diammonium hydrogen phosphate in this region. Latin America is anticipated to experience sustainable market growth in the upcoming years, due to substantial developments witnessed in Brazil along with the region’s growing wine industry, which is due to rising disposable income and improving living standards of the regional population.

Some major players operating in the global diammonium hydrogen phosphate market are PhosAgro, Mosaic, China Blue Chemicals, Bunge, Acron, Sichuan Chuanxi Xingda Chemical, Technip, Yara, JR Simplot, Gujarat Narmada Valley, and SABIC.


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