Diammonium Hydrogen Phosphate Market

Diammonium Hydrogen Phosphate Market Size & Growth(2022 - 2027):

Diammonium Hydrogen Phosphate Market is worth xx USD billion in 2021 and estimated to grow at a CAGR of xx%, to reach xx USD billion by 2026. The Diammonium Hydrogen Phosphate market is developing at an exceptionally quick pace.

Diammonium hydrogen phosphate (DAP) is one of the commonly used phosphorus fertilizers. It has appropriate physical properties and high nutrient content required for crop nurture. DAP fertilizer is extremely soluble and dissolves quickly in soil to discharge ammonium and phosphorus. Diammonium hydrogen phosphate has various types of applications such as fire retardants, corrosion inhibitors, chemical additives, and so on. Diammonium hydrogen phosphate is also used for a number of industrial processes, such as brewing, chemical manufacturing, metal finishing and many more. Diammonium hydrogen phosphate also helps in yeast fermentation in wine manufacturing.

Diammonium Hydrogen Phosphate Market Drivers:

The significant drivers for Diammonium Hydrogen Phosphate are rising dependence on fertilizers because of the shrinking cultivable land and necessity for higher production yield of crops for the increasing population. Also surge in demand for firefighting products aimed at maintaining environment, health & safety in the commercial, industrial and residential buildings, and surroundings in developing economies will boost this industry. However, the development of bio-based and eco-friendly fertilizers limits this industry.

DIAMMONIUM HYDROGEN PHOSPHATE MARKET REPORT COVERAGE:

Diammonium Hydrogen Phosphate Market Segmentation:

Diammonium Hydrogen Phosphate Market – By Application:

• Food Additive,

• Fertilizers,
• and Fire Retardants.

Diammonium Hydrogen Phosphate Market – By End-User:

• Fertilizer
• Chemical
• and Safety & Hazard.

Diammonium Hydrogen Phosphate fertilizer is mostly used for peanut, broomcorn, cotton, paddy, and vegetable crops; hence, the demand is dependent on the production of these crops. The next major application is seen in the wine industry and the yeast industry.

Diammonium Hydrogen Phosphate Market – By Regions:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East Asia

North America is estimated to constitute the largest share in this market, while the Asia Pacific region is expected to witness the fastest growth and overtake North America, being the second-largest shareholder for the market during the forecast period.

Key Players: 

Bunge, PhosAgro AG, SABIC, Mosaic Co., China Blue Chemicals Ltd., Sichuan Chuanxi Xingda Chemical Co., JR Simplot, and Gujarat Narmada Valley are the leaders in the global Diammonium Hydrogen Phosphate market.