The Global Ammonium Phosphate Market is projected to grow from USD 105 Billion in 2023 to USD 166.8 Billion by 2031, at a CAGR of 5.96%. This in-depth report covers key market segments, including Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP), with insights on their applications in fertilizers, fire retardants, and water treatment. The report analyzes market trends, key drivers, challenges, regional opportunities, and profiles of leading companies like Yara International, OCP Group, and SABIC. Understand the global dynamics driving growth in the ammonium phosphate sector.
Ammonium phosphate is a term used to describe a group of chemical compounds that are primarily used as fertilizers and fire retardants. These compounds are formed by reacting ammonia with phosphoric acid. The two main types of ammonium phosphate are monoammonium phosphate (MAP) and diammonium phosphate (DAP).
Here are some types of Ammonium Phosphate:
- Monoammonium Phosphate (MAP)
- Chemical Formula: NH₄H₂PO₄
- Properties:
- Contains 11% nitrogen and 52% phosphorus (P2O5).
- Water-soluble and can be absorbed quickly by plants.
- Uses:
- Primarily used as a high-phosphorus fertilizer.
- Helps in the early development of roots and flowering in plants.
- Sometimes used in fire extinguishers and flame retardants.
- Diammonium Phosphate (DAP)
- Chemical Formula: (NH₄)₂HPO₄
- Properties:
- Contains 18% nitrogen and 46% phosphorus (P2O5).
- More alkaline compared to MAP.
- Also water-soluble and used for quick nutrient delivery.
- Uses:
- Widely used as a fertilizer in agriculture.
- Balances soil pH and provides essential nutrients for plant growth.
- Used as a fire retardant and in some industrial processes.
Market Overview
The Global Ammonium Phosphate Market was valued at USD 105 Billion in 2023 and is estimated to reach at USD 166.8 Billion in 2031 growing at a CAGR of 5.96% over the forecast period from 2024-2031. The report would provide you with market size estimates both in terms of revenue (USD Million) and volume (Million Units) for the time period from 2022 to 2031. The report would provide various factors responsible for growth of the market across various geographies considered under the scope of the study. The report covers in-depth global and regional level analysis of various market segmentations based on Type, Application, End-use Industry, and Region.
Market Dynamics:
Below are the factors impacting the growth of Ammonium Phosphate Market:
- Agricultural Demand
- Global Food Demand: The increasing global population drives the need for higher agricultural productivity, leading to greater demand for fertilizers like ammonium phosphate, which provide essential nutrients such as nitrogen and phosphorus.
- Soil Fertility: In regions where soils are deficient in phosphorus, the demand for ammonium phosphate fertilizers is higher to improve crop yields.
- Industrial Applications
- Fire Safety Regulations: Ammonium phosphate is used in fire retardants, and stricter fire safety regulations globally are increasing its demand in both industrial and residential applications.
- Water Treatment and Food Processing: The use of ammonium phosphate in water treatment plants and as a food additive also contributes to market growth.
- Environmental and Regulatory Factors
- Environmental Concerns: The overuse of ammonium phosphate fertilizers can lead to environmental issues such as soil degradation and water pollution due to phosphorus runoff. This has led to stricter regulations on fertilizer use in many regions.
- Sustainability Initiatives: Growing emphasis on sustainable agricultural practices and reducing chemical runoff may lead to decreased reliance on traditional fertilizers and a shift towards more environmentally friendly alternatives.
Regional Analysis
Based on region, Global Ammonium Phosphate Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is divided into United States, Canada, and Mexico. Europe is bifurcated into Germany, U.K., France, Italy, Spain and Rest of Europe. The key country covered under Asia Pacific region includes China, Japan, India, South East Asia and Rest of Asia Pacific. Middle East & Africa is bifurcated into UAE, Saudi Arabia, South Africa and Rest of MEA. Finally, Latin America is divided into Brazil, Argentina and Rest of Latin America.
Competition Landscape
The report covers company profiles and competition analysis of major players operating under Global Ammonium Phosphate Market. The company profile section includes Company Overview, Financials, Business Overview, Recent Developments, Key Strategies, Product Mapping, Regional Presence, etc. Further, the competition analysis provides you with details about Competitor Overview, Market Share Analysis, Company Performance based on Various Parameters, etc. The major players operating in Global Ammonium Phosphate Market are Yara International ASA, The OCP Group, SABIC, Coromandel International Limited, Nutrien Ltd., Solvay S.A., Wengfu Group, Jordan Phosphate Mines Company, Prayon S.A., and The Mosaic Company.
Market Segmentation
The Global Ammonium Phosphate Market can be segmented on the basis of Type, Application, End-use Industry, and Region. Further, the report would provide a detailed analysis based on below mentioned market segmentation at the global as well regional levels.
Global Ammonium Phosphate Market Scope:
Global Ammonium Phosphate Market | |||
Base Year | 2023 | Historical Year | 2022 |
Forecast Period | 2024-2031 | CAGR (2024-2031) | 5.96% |
Market Size in 2023 | USD 105 Billion | Market Size in 2031 | USD 166.8 Billion |
Segments Covered | By Type | • Mono-ammonium Phosphate | |
• Di-ammonium Phosphate | |||
• Others | |||
By Application | • Water treatment | ||
• Animal feed | |||
• Flame retardant | |||
• Fertilizer | |||
• Others | |||
By End-use Industry | • Chemical & Petrochemical | ||
• Oil and Gas | |||
• Energy and Power | |||
• Consumer Storage Industry | |||
• Automotive | |||
• Food and Beverages | |||
• Healthcare | |||
• Others |
Global Ammonium Phosphate Market, By Region and Countries:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South East Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Rest of South America
Reason to Purchase the Report:
- Latest trends in the market
- In depth market segmentation and cross regional / country analysis
- Market dynamics analysis including drivers, restraints and opportunities in the market
- Market sizing and segment analysis
- Competition Analysis including profiling of key market players
- Market share analysis and key strategies adopted by key players
- Recent developments and technological advancement by key players in the market
- Key takeaways from the research findings to take strategic decision in business needs