Ammonium Phosphates Market worth USD 43.48 billion and CAGR 3.4% by 2021,Globally

Zion Research has published a new report titled “Ammonium Phosphates Market (Mono-Ammonium Phosphate (MAP), Di-Ammonium Phosphate (DAP) and Ammonium Polyphosphate) for Food and Beverages, Fertilizer, Flame Retardant, Water Treatment Chemicals, and Others - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021.” According to the report, global demand for ammonium phosphates market was valued at USD 35.58 billion in 2015, is expected to reach USD 43.48 billion in 2021 and is anticipated to grow at a CAGR of 3.4% between 2016 and 2021.

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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.

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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.

The global ammonium phosphate market is categorized on the basis of product, application and region. On the basis of product market is classified into mono-ammonium phosphate (MAP), di-ammonium phosphate (DAP) and ammonium polyphosphate. MAP and DAP are commonly used in fertilizers. The DAP segment accounted for the largest market share in the global ammonium phosphate market in 2015 owing to its widespread use in fertilizers. Based on application, the worldwide ammonium phosphate market has been classified into food and beverages, fertilizer, flame retardant, water treatment chemicals, and others. The fertilizer application segment accounted for the largest market share in the global ammonium phosphate market in 2015. The food & beverage application segment is expected to witness significant growth in the forecast period due to their growing demand worldwide.

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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.

Key companies in the ammonium phosphate market include 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.

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