Quick Summary:
In the world of fertilizers, Diammonium Phosphate (DAP) stands as the most widely utilized phosphorus fertilizer, characterized by its remarkable physical qualities and nutrient-rich content. Synthesized through a chemical reaction between phosphoric acid and ammonia, DAP enriches soil fertility by increasing its pH level and readily releasing vital nutrients such as ammonium and phosphorous.
A substantial driver of the global DAP market is the Fertilizer Industry, which utilizes approximately 85% of Di Ammonium Phosphate worldwide. It fulfills the crucial role of supplying phosphorous to nourish crops and stimulate plant growth, making it vital for the agricultural sector, especially in areas challenged by increasing food demands. As the Fertilizer Industry's contribution to DAP's market expansion remains compelling, other significant uses of diammonium hydrogen phosphate as a fire retardant open promising avenues for future market growth.
On the regional front, the Asian Pacific leads the DAP market dominance, extending to significant developing economies like India and China. Anticipated expansion in the agricultural sector paired with population surge is set to drive DAP demand in these regions. Additionally, segmentation based on end-user industries reveals Fertilizers as the dominant sector in the global DAP market, with other sectors including Food Additives, Metal Finishing, and Fire Retardants also making a significant contribution. Indian production of DAP, driven by the plentiful availability of phosphorous mineral ores and raw materials, further cements its market precedence.
The global Di Ammonium Phosphate (DAP) market has grown remarkably to reach approximately 35 million tonnes in 2021 and is expected to grow at an impressive CAGR of 4.32% during the forecast period until 2032.The Global Di Ammonium Phosphate (Dap) Market Has Grown Remarkably to Reach Approximately 35 Million Tonnes in 2021 and is Expected to Grow at an Impressive CAGR of 4.32% During the Forecast Period Until 2032
The most popular Phosphorus fertilizer used in today's world is Diammonium Phosphate (DAP). It has the chemical formula as (NH4)2(HPO4). A chemical reaction between phosphoric acid and ammonia synthesizes DAP. This is a water-soluble chemical that readily releases ammonium and phosphorous. DAP readily releases these nutrients in the soil and makes it fertile by increasing the soil's pH level. It is widely known for its strong, remarkable physical qualities and moderately high supplement content. DAP is rich in nutrients and possesses the physical attributes required to nourish crops.
The primary driver of the Di Ammonium Phosphate (DAP) global market is the Fertilizer Industry. In 2021, approximately 85% of global Di Ammonium Phosphate was utilized solely by this industry. Phosphorus is a part of plant cells and is necessary for cell reproduction and the growth of the plant's shoot apex. It is essential for young plants and seedlings for this reason. Di Ammonium Phosphate is an indispensable component for supplying phosphorous to the soil. Due to the growing use of diammonium hydrogen phosphate to boost crop yield, the Fertilizer Industry is anticipated to dominate the market. Furthermore, Diammonium hydrogen phosphate's increasing use as a fire retardant is expected to create a chance of profitable market expansion in the forecast period. The global Di Ammonium Phosphate (DAP) market will most likely reach 55 million tonnes by 2032.
Based on demand by region, the Asia Pacific is dominating the Di Ammonium Phosphate (DAP) market. It is anticipated that the growth of the agricultural industry will fuel an increase in the demand for food and other goods owing to the growing population, which will ultimately increase the demand for ammonium phosphate in developing countries like India and China throughout the anticipated period.
Based on the end-user industry, the global Di Ammonium Phosphate (DAP) market is segmented into Fertilizers, Food Additives, Metal Finishing, and Fire Retardant. Among these, the Fertilizer sector dominates the Di Ammonium Phosphate market globally. Due to the rising demand for crops, it is expected that the Fertilizer industry is expected to maintain its dominance in the forecast period. Fire retardant industry is also a prominent shareholder of Di Ammonium Phosphate. Based on production, India is leading in the production of DAP. The abundance of Phosphorous mineral ores and raw materials in India is driving the production of DAP in the country.
Major players in the production of Global Di Ammonium Phosphate (DAP) are Ma'aden, Coromondal, MOSIAC, IFFCO, EuroChem Group AG, Phoshagro, The Philippine Phosphate Fertilizer Corporation, Jordan phosphate mines, OCP Group, Hubei Yihua Fertilizer Co., Ltd., Zuari Agro Chemicals Limited, and Guiyang Sinochem Kailin Fertilizer Co., Ltd.
Years considered for this report:
- Historical Period: 2015- 2021
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2032
Objective of the Study:
- To assess the demand-supply scenario of Di Ammonium Phosphate (DAP) which covers production, demand and supply of Di Ammonium Phosphate (DAP) market in the globe.
- To analyse and forecast the market size of Di Ammonium Phosphate (DAP)
- To classify and forecast Global Di Ammonium Phosphate (DAP) market based on end-use and regional distribution.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., of Di Ammonium Phosphate (DAP) market in the globe.
The publisher calculated Di Ammonium Phosphate (DAP) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Di Ammonium Phosphate (DAP) across the globe. The publisher sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.
Key Target Audience:
- Di Ammonium Phosphate (DAP) manufacturers and other stakeholders
- Organizations, forums and alliances related to Di Ammonium Phosphate (DAP) distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Report Scope:
In this report, Global Di Ammonium Phosphate (DAP) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:- Market, by End-use: Fertilizers, Food Additives, Metal Finishing, and Fire Retardant
- Market, by Sales Channel: Direct Sale and Indirect Sale
- Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.Table of Contents
Methodology
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