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Diammonium Phosphate Market Segmentation By Applications (Fertilizers, Fire Extinguishing Powders, Emulsifiers, Food Additives, Others); By End Use Industry (Agriculture, Food Industry, Chemical Industries and Others) – Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Diammonium Phosphate Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Diammonium Phosphate Market Overview

Diammonium phosphate (DAP) is one of the most broadly utilized phosphorus (P) fertilizer around the globe. It is produced with the help of two essential elements in the fertilizer industry i.e. ammonia and phosphoric acid. It is famous for its moderately high supplement substance and excellent physical properties. It is a granulated fertilizer with the granules that can be gray, black and white in color. It is mainly utilized as composts that can be used for vegetables and in plantations. It finds its applications in numerous additives and industries such as chemical manufacturing industries, sugar purification, wine and mead-making.

It should be stored in dry and clean areas with proper ventilation and should always be shipped with proper transportation that can protect it from direct sunlight, water, moisture and other forms of damage. In case of any irritation to skin, eyes or accidental ingestion while using it, consulting a doctor is recommended.

Market Size and Forecast

Various factors such as increase in income coupled with changing weather and soil conditions and increasing dependence on fertilizers owing to the shrinking cultivable land and requirement for higher production of crops for the ever-growing population is anticipated to aid the growth of the market. Furthermore, increasing demand for firefighting products owing to numerous policies aimed at maintaining environment, health & safety in the commercial, industrial and residential buildings and surroundings is estimated to boost the market revenue in upcoming years.

The diammonium phosphate market is anticipated to grow at a significant CAGR during the forecast period i.e. 2019-2027. The market is segmented by application, end use industry and by region. The end use industry segment is further bifurcated into agriculture, food industry, chemical industries and others, out of which, the agriculture segment is anticipated to witness significant growth on account of growing demand for fertilizers in the agriculture sector. CLICK TO DOWNLOAD FREE SAMPLE

Diammonium Phosphate Market Graph

Growth Drivers

Increasing Demand in the Agriculture Industry

There is an increasing demand for diammonium phosphate in the agriculture industry. Manufacturers are giving more preference to artificial agents as compared to organic in food and agriculture industry in order to attain cost efficiency. Additionally, there is an increase in investment for food and agriculture activities in the developing countries which is expected to boost the growth of the diammonium phosphate market.

Growing Demand for Fertilizers

Diammonium phosphate has wide range of applications in food and agriculture industry where it is used for food coloring, and flavoring. There are many developing countries whose economies are more dependent on agricultural activities in order to generate income, further resulting in raising the demand for fertilizers. Additionally, increase in income and changing environmental factors impacting soil conditions are some of the factors that are anticipated to boost the growth of the diammonium phosphate market.


Fluctuating Prices of Fertilizers

Diammonium phosphate comes with a limited lifespan as it should be utilized within 2 years of manufacturing. Additionally, the fluctuating prices of fertilizers are adversely affecting the demand for diammonium phosphate, further hampering the growth of the market. Moreover, growing environmental concerns are driving many countries to focus on producing bio-based and eco-friendly fertilizers. Collectively, these factors are anticipated to restrain the growth of the market during the forecast period.

Market Segmentation

Our in-depth analysis of the diammonium phosphate market includes the following segments:

By Application

  • Fertilizers
  • Fire Extinguishing Powders
  • Emulsifiers
  • Food Additives
  • Others

By End Use Industry

  • Agriculture
  • Food industry
  • Chemical Industries
  • Others

By Region

On the basis of regional analysis, the diammonium phosphate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Growing number of initiatives and authoritative policies to hone improvements in the agricultural activities is anticipated to drive notable demand for diammonium phosphate in the Middle East & Africa region. With leading shares in the diammonium phosphate market, North America is followed by Europe and Asia Pacific. Rising rate of population is increasing the demand for food in developing countries such as China and India. These factors are anticipated to contribute to the growth of the market in Asia Pacific region.

The diammonium phosphate market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Top Featured Companies Dominating the Market

  • Shangdong Lubei Chemical Corporation Ltd.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Wengfu Group
  • Jiangxi Guixi Fertilizer Co., Ltd.
  • Mississippi Phosphates Corporation
  • OCP Group
  • Pacific Chemicals Co. Ltd.
  • Sichuan Blue Sword Chemical (Group) Co. Ltd.
  • Vigyan Chemicals Private Ltd.
  • PhosAgro
  • Bunge Limited

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