Diammonium Hydrogen Phosphate (DAP) Market 2021 Is Booming Across the Globe by Share, Size, Growth, Segments and Forecast to 2025

Latest released, the research study on Global Diammonium Hydrogen Phosphate (DAP) Market Report Forecast 2021 - 2025, offers a detailed overview of the factors influencing the global business scope. Diammonium Hydrogen Phosphate (DAP) Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Diammonium Hydrogen Phosphate (DAP). The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are:

The market for Diammonium Hydrogen Phosphate (DAP) is expected to grow at a CAGR of over 2% during the forecast period.

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Covid-19 Impact and Recovery Analysis:

The global Diammonium Hydrogen Phosphate (DAP) market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.

Key Market Trends

Increasing Demand from Fertilizers Segment

- Diammonium hydrogen phosphate is an inorganic phosphate and diammonium salt of phosphoric acid. It is soluble in water and manufactured by chemical reaction between phosphoric acid and ammonia.
- Diammonium hydrogen phosphate is widely used in agriculture sector to increase the ph level of the soil. Due to this, its demand is increasing in agriculture sector which is stimulating the diammonium phosphate market. However, after some time, the soil becomes more acidic due to nitrification of ammonium.
- Also, the demand of diammonium hydrogen phosphate is expected to increase due to shrinkage in arable land and stronger need for high quality and higher production yield of crops to feed the growing population.
- The global fertilizer market is expected to grow at a CAGR of over 3% during the forecast period. 

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region is expected to dominate the market for diammonium hydrogen phosphate during the forecast period. In countries like China and India, owing to the growing agriculture sector and availability of large cultivable land, the demand for diammonium hydrogen phosphate has been increasing in the region.
- Diammonium hydrogen phosphate fertilizers are used in crops such as paddy, cotton, vegetable crops, peanut, and broomcorn. Owing to this, the demand of diammonium hydrogen phosphate fertilizers is increasing in agriculture sector in the region.
- Apart from the application in fertilizers, diammonium hydrogen phosphate is also used as a nutrient for yeast in fermentation, which is further utilized in mead brewing and wine industry. The Asia-Pacific wine market is expected to grow at a CAGR of over 11% during the forecast period and is anticipated to further aid the diammonium hydrogen phosphate market.

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