Global Diammonium Hydrogen Phosphate Market Is Expected To Reach $1,619.60 Mn by 2032

Zion Market Research has published a new report titled “Diammonium Hydrogen Phosphate Market by Application (Fertilizers, Brewing, Metal Industry, Food Industry, and Fire Retardant), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032”. According to the report, the global diammonium hydrogen phosphate market was $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.

Diammonium hydrogen phosphate is a widely used salt, particularly as fertilizers, fire retardants, etc. It is manufactured using two components—ammonia and phosphoric acid. As a fertilizer, diammonium hydrogen phosphate is used for the cultivation of paddy, vegetable crops, peanut, and cotton.

Browse the full “Diammonium Hydrogen Phosphate Market by Application (Fertilizers, Brewing, Metal Industry, Food Industry, and Fire Retardant), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032” Report at https://www.zionmarketresearch.com/report/diammonium-hydrogen-phosphate-market

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. 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.

Based on application, the global diammonium hydrogen phosphate market is segmented into fertilizers, brewing, metal industry, fire retardant, and food industry. 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.

In 2018, the global diammonium hydrogen phosphate market was dominated by the Asia Pacific region. This regional dominance can be attributed to the growing advancements witnessed in the agricultural sector and the increasing wine consumption due to rising per capita income. 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.

The European diammonium hydrogen phosphate market is anticipated to grow at a slower pace, owing to the partial use of diammonium hydrogen phosphate, as it was observed that increased use of diammonium hydrogen phosphate negatively impacts the agricultural soil.

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

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