The Diammonium Phosphate (DAP) Market (2019-2026): Opportunities, Challenges, Strategies, & Forecasts
According to the report, the global Diammonium Phosphate (DAP) market is worth USD 36,799 million in 2019, and it is expected to generate USD 50,686 million in revenue by 2026, with a compound annual growth rate of roughly 4.68% from 2019 to 2026.
DAP is a salt which is soluble in water. DAP is manufactured by a chemical reaction between phosphoric acid and ammonia. It majorly finds utility in the agriculture sector as a fertilizer which temporarily increases the pH level of the soil. However, soil becomes more acidic at a later stage due to nitrification of ammonium.
DAP mainly being used as a fertilizer, is also used as a nutrient for yeast in fermentation. This property makes it very useful in the honey brewing and wine industry. It is also useful as a flame retardant in fire protection products due to its properties of increasing coke formation and lowering the pyrolysis temperature. In addition to the above, it can also be used for sugar purification, control of acid-insoluble and alkali-soluble colloidal dyes in wool, afterglow prevention in matches, enhancement of nicotine in cigarettes and flux as zinc, copper, tin and brass.
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Market Driver and Constraint
Growing agriculture sector leading to increase in demand for fertilizers is expected to fuel the market for diammonium hydrogen phosphate (DAP) in the forecast period. Increasing dependence on fertilizers due to the shrinking cultivable land and requirement for higher production yield of crops for the ever-growing population is also likely to aid the DAP market’s growth. Further, the increased demand for fire protection products is also expected to boost market growth owing to numerous policies aimed at maintaining environmental, health and safety in commercial, industrial and residential buildings as well as in the surrounding environment.
On the other side, development of bio-based and eco-friendly fertilizers is expected to be a key restraining factor to the growth of the DAP market. Additionally, stringent regulations are expected to hamper the growth over the following years.
Region-wise Analysis
The Asia-Pacific is the largest market with a proportion of 36.25%, followed by North America and Europe, accounting for 31.27% and 29.27% respectively. DAP demand was highest in Asia Pacific in 2018 and the region is expected to continue being a major market in the upcoming years due to the presence of a large agriculture sector in the region. China had dominated the regional market in the recent past and had highest penetration followed by India. Due to the huge demand for food and vegetables to meet the needs of a large population, China is considered to have witnessed similar trends and dominated the market during the analysis period. Region such as Europe and North America is projected to witness positive growth owing to rising demand form application segment such as vegetable & fruits, Grains & oilseeds and other crops.
On the other hand, Latin American countries such as Brazil, Argentina and Mexico are also expected to witness substantial growth in the DAP market owing to increasing food requirements coupled with growth in agriculture and its allied sectors. Furthermore, Africa is expected to witness high demand for fertilizers owing to presence of large arable land in the region.
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Competition Analysis
The industry participants are investing on R&D to produce the ideal quality products and gain competitive advantage over other industry players. The company is considered to take strong measures to gain more market share and provide various product requirements. Major enterprises in the global market of Diammonium Phosphate (DAP) include China Blue Chemicals Ltd., Sichuan Chuanxi Xingda Chemical Co., Bunge, PhosAgro AG, SABIC, Mosaic Co., JR Simplot, Gujarat Narmada Valley, and etc.
Worldwide Diammonium Phosphate (DAP) Market by Type
Mono-Ammonium Phosphate (MAP), Di-Ammonium Phosphate (DAP), Ammonium Polyphosphate, and Other.
Worldwide Diammonium Phosphate (DAP) Market by Application
Fertilizer, Flame Retardant, Water Treatment Chemicals, Food and Beverages, and Other.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Diammonium Phosphate (DAP) Market
2 Market Trends and Competitive Landscape
3 Segmentation of Diammonium Phosphate (DAP) Market by Types
4 Segmentation of Diammonium Phosphate (DAP) Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Diammonium Phosphate (DAP) Market in Major Countries
7 North America Diammonium Phosphate (DAP) Landscape Analysis
8 Europe Diammonium Phosphate (DAP) Landscape Analysis
9 Asia Pacific Diammonium Phosphate (DAP) Landscape Analysis
10 Latin America, Middle East & Africa Diammonium Phosphate (DAP) Landscape Analysis
11 Major Players Profile
11.1 China Blue Chemicals Ltd.
11.1.1 China Blue Chemicals Ltd. Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Sichuan Chuanxi Xingda Chemical Co.
11.3 Bunge
11.4 PhosAgro AG
11.5 SABIC
11.6 Mosaic Co.
11.7 JR Simplot
11.8 Gujarat Narmada Valley
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Target Audience:
Diammonium Phosphate (DAP) manufacturers
Diammonium Phosphate (DAP) end-user sectors
Distributors and resellers of Diammonium Phosphate (DAP)
Diammonium Phosphate (DAP) key stakeholders
Diammonium Phosphate (DAP) industry associations
Product managers, Diammonium Phosphate (DAP) industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
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