Diammonium Hydrogen Phosphate Market Size, Share, Trends, Growth 2032

Diammonium Hydrogen Phosphate Industry Prospective:

The global diammonium hydrogen phosphate market size was evaluated at $628 million in 2023 and is slated to hit $1,619.60 million by the end of 2032 with a CAGR of nearly 11.10% between 2024 and 2032.

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The study provides the market drivers and restraints along with their impacts on the market demand over the forecast period. In addition, the report also consists of the study of accessible opportunities of the market on a global and regional level.

Diammonium Hydrogen Phosphate Market: Growth Factors

Diammonium hydrogen phosphate, commonly called DAP, is a type of salt that is soluble in water. It is mainly produced by the chemical reaction where ammonia reacts with phosphoric acid. DAP is widely used in phosphorus fertilizers, due to its various physical properties and nutrient contents. Diammonium phosphate is mainly used as fertilizers for the cultivation of paddy, vegetable crops, peanut, and cotton.

The ever-growing population and shrinkage of plowable land have led to an increased dependency on fertilizers for higher productivity and improved quality of crops. This is likely to fuel the global diammonium hydrogen phosphate market in the future.

Moreover, the rapidly developing agricultural sector results in the suffice use of fertilizers, which is another growth factor for this market. The sudden rise in wine consumption due to its health benefits is also assisting with the global diammonium hydrogen phosphate market development. Furthermore, diammonium hydrogen phosphate is highly recommended as a fire retardant in various industries and buildings, as it can form high amounts of char. This is another factor expected to aid this market.

However, the availability of various bio-based and eco-friendly fertilizers in the market may inhibit this market. Nevertheless, forthcoming technologies and untapped applications of diammonium hydrogen phosphate are projected to propel the diammonium hydrogen phosphate market over the forecast time period.

In order to present the users with an inclusive view of the diammonium hydrogen phosphate market, the report comprises a detailed competitive scenario, strategic development, and product portfolio of the key players in diammonium hydrogen phosphate market. To comprehend the market’s competitive landscape, an analysis of Porter’s Five Forces Model for the diammonium hydrogen phosphate market has also been included. The study includes market attractiveness analysis, in which the application and regional segments are analyzed based on market size, growth rate, and attractiveness is been given.

Diammonium Hydrogen Phosphate Market: Segmentation

By application, the global diammonium hydrogen phosphate market includes fertilizers, brewing, metal industry, food industry, and fire retardant. Fertilizers are the most likely to show good growth in the future, as they use huge amounts of diammonium hydrogen phosphate for obtaining an increased pH level. In brewing, diammonium hydrogen phosphate provides nutrition to yeast for fermentation. Additionally, diammonium hydrogen phosphate is used for extinguishing fires, as DAP produces low pyrolysis temperature with high char formation.

Diammonium Hydrogen Phosphate Market : Report Scope

Diammonium Hydrogen Phosphate Market: Regional Insights

The regional segment contains the present and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Asia Pacific is considered to be the most prominent market for the diammonium hydrogen phosphate market and is expected to gain traction in the future. This can be majorly attributed to the rapidly growing agricultural sector due to the huge availability of arable land. The increased use of fertilizers for higher productivity and improved quality has led to the growing demand for diammonium hydrogen phosphate in this region. Latin America is anticipated to experience sustainable market growth in the upcoming years, due to substantial developments witnessed in Brazil along with the region’s growing wine industry, which is due to rising disposable income and improving living standards of the regional population.

Diammonium Hydrogen Phosphate Market: Competitive Space

The global diammonium hydrogen phosphate market profiles key players such as:

• PhosAgro
• Mosaic
• China Blue Chemicals
• Bunge
• Acron
• Sichuan Chuanxi Xingda Chemical
• Technip
• Yara
• JR Simplot
• Gujarat Narmada Valley
• SABIC

This report segments the global diammonium hydrogen phosphate market as into:

Diammonium Hydrogen Phosphate Market: Application Analysis

• Fertilizers
• Brewing
• Metal Industry
• Fire Retardant
• Food Industry

Diammonium Hydrogen Phosphate Market: Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa