The ammonium phosphate market in Europe and North America is projected to witness relatively moderate growth during the forecast period. Stringent regulatory norms regarding the use of inorganic fertilizers are hindering the growth of the ammonium phosphate market in the region. The primary focus of manufacturers in these two regions is on the use of organic fertilizers.

The rising population in Asia Pacific has led to an upheaval in demand for fertilizers in the region. The majority of the demand for ammonium phosphate will be generated from countries such as India and China. Moreover, the proliferation of fertilizer plants in the region is supplementing the growth of the ammonium phosphate market.

The projected growth rate of the ammonium phosphate market is approximately 3.3% over the course of the forecast period (2019-2029). The demand from the fertilizers segment remains steady and even surges in emerging economies. Other end-use industries such as electronics and optics are complementing the growth of the ammonium phosphate market.

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Geographic Expansion Remains the Chief Strategic Tenet of Global Players

The competitive landscape of the ammonium phosphate market is consolidated in nature at the global level. However, in certain regions, it remains fragmented with the proliferation of SMEs. Key manufacturers featured in this study include, but are not limited to, OCP SA, Wengfu Group, Yara International ASA, Solvay S.A., Coromandel International Ltd., Lanxess AG, Nutrien Ltd., Jordan Phosphate Mines Company, Haifa Group.

Premier companies in the ammonium phosphate market are focused on geographic and operational expansion for a greater market foothold. However, the demand for inorganic fertilizers continues to stagnate in developed economies. Manufacturers thus need to divert their resources toward the Asia Pacific market where the use of ammonium phosphate-based fertilizers is still prevalent.

Ammonium Phosphate Market: Segmentation

The global ammonium phosphate market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Product Type

  • Mono-ammonium Phosphate (MAP)
  • Di-ammonium Phosphate (DAP)
  • Ammonium Polyphosphate

Application

  • Fertilizers
  • Fire Extinguishers
  • Food & Beverages
  • Water Treatment Chemicals
  • Detergents & Soaps