Press release
Ammonium Phosphate Market Size, Global Industry Report 2023 - Nutrien Ltd., Yara, S.A. OCP, Haifa Chemicals Ltd., Jordan Phosphate Mines Company Limited, Yidu Xingfa Chemical Co., Ltd., Chemische Fabrik Budenheim KG, Innophos, FORBES PHARMACEUTICALS
Ammonium Phosphate Market to Accrue Exponentially by 2023 Registering a Moderate CAGR
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.
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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.
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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