17-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Diammonium Hydrogen Phosphate Market By Application (Fertilizers, Brewing, Metal industry, Fire retardant, and Food industry): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Diammonium Hydrogen Phosphate market in 2019 was approximately USD 900 Million. The market is expected to grow at a CAGR of 12% and is anticipated to reach around USD 990 Million by 2026.
The reliance on fertilizers due to diminishing cropland and demand for higher crop yields for the ever-growing population is likely to help market growth. The global market for hydrogen diammonium phosphate is projected to have substantial growth in the forthcoming time. The growing agriculture sector is projected to spur the diammonium hydrogen phosphate market which leads to increased demand for fertilizers. On the other hand, a leading restraining factor for the growth of the diammonium hydrogen phosphate market is expected to be the development of eco-friendly and bio-based fertilizers. Development in the wine industry is also expected to present growth opportunities for the hydrogen diammonium phosphate market due to augmented consciousness among customers regarding the advantages of wine consumption and improved middle-class disposable income.
Browse the full “Diammonium Hydrogen Phosphate Market By Application (Fertilizers, Brewing, Metal industry, Fire retardant, and Food industry): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/diammonium-hydrogen-phosphate-market-by-application-fertilizers-brewing-747
The market is bifurcated according to the applications. The diammonium hydrogen phosphate has its application in fertilizers, brewing, metal industry, fire retardant, and food industry. The fertilizer sector is expected to the consumer the largest market share in the forthcoming time owing to a rise in demand for improved productivity of the agriculture industry.
The increasing population in China and India has contributed significantly to increasing food demand which has encouraged the dependence on fertilizers. Recently, fertilizers are used extensively for high productivity and enhanced quality, this helps to earn a good amount over the product's sales. In recent times,
Asia Pacific is experiencing an unparalleled boom and is gaining traction shortly. The agricultural sector, which is rapidly growing due to the presence of high arable land and the implementation of agriculture as an occupation especially in India, assists market growth in this area. This aspect will propel this region's demand for diammonium hydrogen phosphate. Also, rapid industrialization in emerging economies such as India, China, and Japan is helping to expand the Asia Pacific demand for diammonium hydrogen phosphate.
Europe's diammonium hydrogen phosphate market is showing stable growth. This is due to the regulated use of diammonium hydrogen phosphate as it can cause harmful effects to the soil. It has been noted that long-term use of diammonium hydrogen phosphate due to ammonium nitrification will make the soil more acidic. The demand in North America remains competitive with the availability of a large number of fertilizers and thus North America is expected to see slowing growth in forthcoming time for the market in diammonium hydrogen phosphate.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 900 Million |
Projected Market Size in 2026 |
USD 990 Million |
CAGR Growth Rate |
12% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
PhosAgro AG, SABIC, Sichuan Chuanxi, Gujarat Narmada Valley, Bunge, Acron, Technip, Mosaic Co., Yara, China Blue Chemicals Ltd, and JR Simplot., and Others |
Key Segment |
By Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
PhosAgro AG, SABIC, Sichuan Chuanxi, Gujarat Narmada Valley, Bunge, Acron, Technip, Mosaic Co., Yara, China Blue Chemicals Ltd, and JR Simplot.
This report segments the Diammonium Hydrogen Phosphate market as follows:
By Application Segmentation Analysis
- Fertilizers
- Brewing
- Metal industry
- Fire retardant
- Food industry
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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