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. It’s applicability in washing & cleaning products, polymers and textile treatment products. Thus, owing to its wide applicability, the demand for ammonium phosphate has been raised.
Highlights from Ammonium Phosphate Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
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.
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). Ammonium Phosphate Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Agriculture, Food & Beverages, Consumer Goods, Automotive, Healthcare and Others |
Type | Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP) |
Form | Solid {Crystalline, Pallet},Liquid |
Distribution Channel | Direct,Indirect |
Packaging Type | HPDE Bags,Plastic Bags,Bottle,Others |
Grade | Industrial,Chemical,Fertilizer,Bio-Tech,Technical |
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.
Influencing Trend:
Growing Preference for Bio-Tech Grade of Ammonium Phosphate
Market Growth Drivers:
Rising Demand for Ammonium Phosphate in Consumer Goods & Food and Beverages Industry, Increasing Agricultural Industrial Investments for Fertilizers Production and Enhanced Focus on Water Treatments for Providing Safe and Clean Water for Industrial and Routinely Activities
Challenges:
Availability of Alternatives, Strengthen Government Regulations and Supply Chain Disruption Owing to Pandemic
Restraints:
Excessive Use of Ammonium Phosphate in Fertilizers leads to Soil Pollution
Opportunities:
Rising Agricultural, Automotive and Pharmaceutical Industrial Infrastructure of Asia Pacific Region and Ease in Reforms for the Use of Fertilizers has created Growth Opportunity
Key Target Audience
Ammonium Phosphate Manufacturers, Ammonium Phosphate Suppliers/Distributor, Raw Material Suppliers, Research Laboratories, New Entrants/Investors, Governments and End Use Industry
Market Leaders & Development Strategies
In June 2022, announced plans to invest 300m euro to expand its capacity in Tavaux, France to 35,000 tonnes/year which would be its largest production site in Europe. This strengthened the companys presence in ammonium phosphate market
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. Company’s monoammonium phosphate is enhanced with sulphur. This new launch is expected to witnessing huge demand for Biotech grade.