Future Scope Of Global Ammonium Phosphates Market 2025 By Top Key Players Profiled: Nutrien Ltd, Yara, S.A. OCP, Haifa Chemicals, Coromandel
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By Ammonium Phosphates Market Product, 2014-2025 (Tons) (USD Million)
1. Mono-ammonium phosphate (MAP)
2. Di-ammonium phosphate (DAP)
3. Ammonium polyphosphate
By Application, 2014-2025 (Tons) (USD Million)
2. Flame retardants
3. Food additives
The global consumer electronics market may surpass USD 1.5 trillion by 2024 owing to the rising adoption of smartphones. Rising product demand in electronics owing to piezoelectric property should stimulate industry growth. Wide utilization of ammonium phosphates as an alternative to quartz and Rochelle salt crystals due to easy workability should favor industry growth.
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Excessive ammonium phosphates utilization makes soil unsuitable for farming and lack of nutrients resulting in soil toxicity making inhabitable for essential microorganisms. It also leads to groundwater poisoning which may challenge product demand, thus limiting industry profitability.
North America, led by Mexico, Canada, and the U.S. ammonium phosphates market size, is anticipated to rise significantly in the projected period. Large cultivation of corn and soybean crops should increase inorganic fertilizer demand, thus driving regional industry growth.
Europe, driven by UK, Spain, Italy, France, and Germany ammonium phosphates market may observe steady gains due to rising wine industry supported by a business-friendly economic environment. Growing product utilization as a fermentation nutrient in winemaking should propel product demand. Rising French wine demand owing to superior product quality and heritage should accelerate regional market growth.
Asia Pacific, led by Australia, South Korea, Japan, China, and India ammonium phosphates market is anticipated to experience significant growth in the agricultural and water treatment industry. Rising production and exports of agrochemicals should propel market growth. Moreover, supportive government initiatives including the 12th Five Year Plan aiming to provide safe drinking water to the household should increase water treatment demand, thus driving ammonium phosphates regional industry growth.
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Global ammonium phosphates market share is moderately fragmented. The key players operating in the market includes Nutrien Ltd, Yara, S.A. OCP, Haifa Chemicals, Coromandel, Jordan Phosphate Mines Company, Eurochem Group, Prayon, Yidu Xingfa Chemical Co, Chemische Fabrik Budenheim, Yunnan Yuntianhua International Chemical, Innophos, Inc., Forbes Pharmaceuticals, Maaden-Saudi Arabian Mining Company, and Vinipul Inorganics Pvt ltd.
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