Market Size in 2020 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 39.5 Billion | USD 52.6 Billion | 3.6% | 2020 |
The global Ammonium Phosphate market size accounted for USD 39.5 Billion in 2020 and is expected to reach USD 52.6 Billion by 2028, growing at a CAGR of around 3.6% between 2021 and 2028.
Ammonium Phosphate is comprised of the phosphate salt and ammonium. It has the molecular formula (NH4)3PO4. Ammonium phosphate is often used as a feed additive and in a variety of applications, including metal finishing chemicals, water treatment chemicals, food and beverage, and detergents and soaps. It's a very unstable compound that's usually made in long-chain molecules to make it more stable. Ammonium phosphates are divided into two types: di-ammonium phosphate (DAP) and mono-ammonium phosphate (MAP). The fertiliser di-ammonium phosphate (DAP) is a great source of phosphorus (P) and nitrogen (N) for agricultural nutrition. Since DAP is highly soluble, it dissolves readily in the soil, releasing phosphate and ammonium. It also acts as a fire retardant.
To keep a forest from burning, a mixture of Di-ammonium phosphate and other ingredients should be sprayed ahead of time. Dry chemical fire extinguishers widely used in schools, hospitals, and homes use Mono-Ammonium Phosphate (MAP). Powdered MAP is dispersed by these sprays, which coats the fuel and quickly extinguishes the flames. Mono-ammonium phosphate is used in cheese starter cultures, distilled spirits, beer and wine, yeast, and bread, among other things. MAP is used as a food additive and emulsifier in the food and beverage industry.
The increased use of ammonium phosphates in end-user industries such as water treatment chemicals, detergents and soaps, metal finishing chemicals, and food and beverage is fueling demand and growth of the market.
Due to government-imposed lockdowns to prevent the spreading of COVID, the global Ammonium Phosphate industry has seen a small decrease in revenues in the short term. Because of the pandemic, the production and global supply chain of various industries stopped operating around the world. This impacted on Ammonium Phosphate market growth negatively. However, the global markets are slowly opening to their full potential and theirs a surge in demand of Ammonium Phosphate as the demand in fertilizer industry is increasing continuously. The market would remain bullish in upcoming year.
The significant decrease in the global Ammonium Phosphate market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.
The growing need for higher yields from small agricultural land to feed the world's growing population is projected to drive the global ammonium phosphate market forward. Furthermore, the demand for the substance as a flame retardant in various industries for safety purposes is expected to fuel market expansion. Because of the increasing demand for paints and coatings, the ammonium polyphosphates market is expected to expand steadily over the forecast period. Its use as a flame retardant in paints should boost demand because of its stable and non-volatile properties.
Excessive ammonium phosphate use causes soil unsuitable for cultivation, and a shortage of nutrients promotes soil toxicity, leaving important microorganisms uninhabitable. It also causes groundwater contamination, which can impact negatively on product demand and, as a result, industry profitability.
Ammonium phosphates are inorganic salts of phosphoric acid & ammonium. Ammonium phosphates are produced as ortho-forms and/or polyphosphate forms by a reaction between phosphoric acid & ammonia. The majority of ammonium phosphate products are consumed and produced as solid materials. They are highly unstable and are generally produced in long chain molecules to increase its stability. Ammonium phosphates are commercially available as di-ammonium phosphate (DAP), ammonium polyphosphate and mono-ammonium phosphate (MAP). Mono-ammonium phosphate (MAP) and di-ammonium phosphate (DAP) are the frequently used product types. It is used as a stabilizer in animal feed and is used in several end-user industries such as water treatment, detergent and soaps, metal finishing chemicals, and food & beverage. High demand from these end-user industries is expected to drive the market growth within the forecast period.
Global ammonium phosphate market is primarily driven by increasing use in animal feed and industrial applications. Rising agriculture industry in the developing countries is expected to have a positive impact towards market growth. The rising demand for food industry coupled with growing population is anticipated to boost the growth of farming industry, which in turn is expected to fuel the growth of the ammonium phosphate market within the forecast period. However, strict guidelines against the use of chemical fertilizers may hamper the market in forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Ammonium Phosphates Market Size Report |
Market Size in 2020 | USD 39.5 Billion |
Market Forecast in 2028 | USD 52.6 Billion |
Growth Rate | CAGR of 3.6% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Lanxess AG, Solvay S.A., CF Industries Holdings, Inc., Ma’aden-Saudi Arabian Mining Company, OCP SA, Prayon SA, Yidu Xingfa Chemicals Company Limited, Jordan Phosphate Mines Company, Chemische Fabrik Budenheim KG, Yuntianhua Group Company Limited, Hubei Xingfa Chemicals Group Co., Ltd., Wengfu Group, and Vale S.A. and among others. |
Segments Covered | By Products,By Application,and By Region |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Product type segment includes Mono-ammonium phosphate (MAP), Di-ammonium phosphate (DAP) and Ammonium polyphosphate. In the global ammonium phosphates market in 2020, DAP was a leading segment among the other products. DAP is widely used to help regulate pH levels in soil, thus improving soil quality and the crop yield.
On the basis of application ammonium phosphates market is segmented into fertilizer, food and beverages, water treatment chemicals flame retardant, and others. The fertilizer segment is dominating the market and during the forecast period and is expected to grow at a rapid rate. The flame retardant segment is expected to expand rapidly in the coming years, due to increased global understanding of safety and regulatory authorities enforcing strict guidelines.
Geographically, Asia Pacific was the largest producer as well as consumer of ammonium phosphate in 2015. In 2015, China accounted for the largest market share for ammonium phosphate followed by India in the region. Ammonium phosphate demand in North America is expected to increase in years to come due to improved changes by the government on the use of fertilizers in agriculture. Middle East & Africa is expected to boost demand for ammonium phosphates products over the coming years due to high demand from agriculture industry in the region.
By Product
By Application
By Region
FrequentlyAsked Questions
The global Ammonium Phosphate Market was valued at USD 39.5 billion in 2020.
The global Ammonium Phosphate Market is expected to reach USD 52.6 billion by 2028, growing at a CAGR of 3.6% between 2021 to 2028.
The growing need for higher yields from small agricultural land to feed the world's growing population is projected to drive the global ammonium phosphate market forward. The demand for the Ammonium Phosphate as a flame retardant in various industries for safety purposes is expected to fuel market expansion.
In 2020, the Asia-Pacific region accounted for the highest regional demand for ammonium phosphates. In 2020, it had a market share of about 47% of the overall market. In Asia Pacific, high demand for ammonium phosphates is primarily driven by the agriculture industry. North America, on the other hand, is expected to see a rise in demand for ammonium phosphates as a result of the government's reformation of fertiliser regulations in agriculture.
Some of the major players of global Ammonium Phosphate market includes Lanxess AG, Solvay S.A., CF Industries Holdings, Inc., Ma’aden-Saudi Arabian Mining Company, OCP SA, Prayon SA, Yidu Xingfa Chemicals Company Limited, Jordan Phosphate Mines Company, Chemische Fabrik Budenheim KG, Yuntianhua Group Company Limited, Hubei Xingfa Chemicals Group Co., Ltd., Wengfu Group, and Vale S.A. among others.
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