The Ammonium Phosphate Market was valued at USD 30.1 Bn in 2021, at CAGR of 3.8% during the forecast period (2022-2030), and the market is projected to be worth USD 42.2 Bn by 2030.
The increased adoption of Ammonium Phosphate in the Organic Chemicals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Ammonium Phosphate also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Ammonium Phosphate in many sectors also boosts the market growth during the forecast period.
Ammonium phosphate is a phosphoric acid and ammonium salt. Upon interaction between phosphoric acid and ammonium, ortho (solid) form and polyphosphate (fluid) form are formed. The solid form is the most common. Because ammonium phosphate is a highly unstable chemical, it is produced in long chain molecules to boost its stability. Ammonium phosphate is utilized as an addition in animal feed and also finds usage in fertilizer, water treatment chemicals, food and drinks, and flame retardants.
Ammonium Phosphate Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product Type (Mono-ammonium Phosphate (MAP), Di-ammonium Phosphate (DAP), Ammonium Polyphosphate), application (Fertilizers, Fire Extinguishers, Food & Beverages, Water Treatment Chemicals, Detergents & Soaps), and companies (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), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 3.8%, over the forecast period of 2022–2030
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||42.2 Billion|
|By Product Type||Mono-ammonium Phosphate (MAP), Di-ammonium Phosphate (DAP), Ammonium Polyphosphate|
|By Application||Fertilizers, Fire Extinguishers, Food & Beverages, Water Treatment Chemicals, Detergents & Soaps|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||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|
The COVID-19 pandemic has had a substantial negative influence on the Ammonium Phosphate market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the 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
Market Segment Analysis:
By Product Type
- Mono-ammonium Phosphate (MAP)
- Di-ammonium Phosphate (DAP)
- Ammonium Polyphosphate
- Fire Extinguishers
- Food & Beverages
- Water Treatment Chemicals
- Detergents & Soaps
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Ammonium Phosphate industries in the region.
Key Ammonium Phosphate Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Ammonium Phosphate Market segments.
– Largest Market Share Held by Industry to Industry for Ammonium Phosphate
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Ammonium Phosphate Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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