What is Ammonium Phosphate Market?
Ammonium phosphate ((NH4)3PO4) is inorganic compound. It is ammonium salt of orthophosphoric acid. It is huge source of elemental nitrogen. Thus it is widely used as functional ingredient in several fertilizers. In addition, it is used in thermoplastic formulations. It is essential for plant growth. It has good solubility hence it helps plant to build their nutrient block. Thus, fertilizers containing ammonium phosphate is mostly preferred to maintain plant health. In addition, it is broadly used as leavening agent in baking and other confectionary products. Itís applicability in washing & cleaning products, polymers and textile treatment products. Thus, owing to its wide applicability, the demand for ammonium phosphate has been raised.
The market study is being classified by Type (Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP)) and major geographies with country level break-up.
Solvay (United States), Itafos (United States), Jost Chemical Co. (United States), Hydrite Chemical Co. (United States), NOAH Technologies Corporation (United States), Brenntag UK Limited (United Kingdom), Plater Group (United Kingdom), BASF SE (Germany), Merck KGaA (Germany), Shanghai Chemex Group (China), Haihang Industry (China) and Hubei Xingfa Chemicals Group Co.,Ltd (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Haifa Group (Japan) and Cotexchem Pvt.Ltd (India).
The market of ammonium phosphate is anticipated to grow with increasing demand from multiple industrial sectors. Several companies are operating in the market to provide ammonium phosphate. The market is highly fragmented with the presence of number of market players. Rising profitability owing to preference for fertilizers, many new entries has created competitive rivalry.
Analyst at AMA have segmented the market study of Global Ammonium Phosphate market by Type, Application and Region.
On the basis of geography, the market of Ammonium Phosphate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Ammonium Phosphate in Consumer Goods & Food and Beverages Industry
- Increasing Agricultural Industrial Investments for Fertilizers Production
- Enhanced Focus on Water Treatments for Providing Safe and Clean Water for Industrial and Routinely Activities
- Growing Preference for Bio-Tech Grade of Ammonium Phosphate
- Excessive Use of Ammonium Phosphate in Fertilizers leads to Soil Pollution
- Rising Agricultural, Automotive and Pharmaceutical Industrial Infrastructure of Asia Pacific Region
- Ease in Reforms for the Use of Fertilizers has created Growth Opportunity
- Availability of Alternatives
- Strengthen Government Regulations
- Supply Chain Disruption Owing to Pandemic
In September 2019, Itafos has launched its first product of new product line of microcronutrient enhanced compound products. Company has completed initial production monoammonium phosphate. Companyís monoammonium phosphate is enhanced with sulphur. This new launch is expected to witnessing huge demand for Biotech grade.
Key Target AudienceAmmonium Phosphate Manufacturers, Ammonium Phosphate Suppliers/Distributor, Raw Material Suppliers, Research Laboratories, New Entrants/Investors, Governments and End Use Industry
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Ammonium Phosphate Market?
"Rising Demand for Ammonium Phosphate in Consumer Goods & Food and Beverages Industry
" is seen as one of major growth factors of Ammonium Phosphate Market in years to come.
2. Can we have customized study for Ammonium Phosphate Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.