The global diammonium hydrogen phosphate market size was evaluated at $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.
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DAP, or diammonium hydrogen phosphate, is a salt that is soluble in water. It is primarily generated through the chemical reaction between phosphoric acid and ammonia. The diverse physical properties and nutrient contents of DAP make it a popular choice for phosphorus fertilizers. Diammonium phosphate is primarily employed as fertilizer in the cultivation of paddy, vegetable crops, peanuts, and cotton.
The increased reliance on fertilizers for enhanced crop quality and increased productivity has resulted from the shrinkage of plowable land and the ever-growing population. This is expected to stimulate the global diammonium hydrogen phosphate market in the future.
Additionally, this market is bolstered by the ample utilization of fertilizers, which is a direct consequence of the agricultural sector’s accelerated expansion. The global diammonium hydrogen phosphate market is also benefiting from the abrupt increase in wine consumption, which is attributed to its health benefits. Furthermore, diammonium hydrogen phosphate is highly recommended as a fire retardant in a variety of industries and buildings due to its ability to generate substantial quantities of char. This is an additional factor that is anticipated to support this market.
Nevertheless, the market may be impeded by the availability of a variety of bio-based and eco-friendly fertilizers. Conversely, the diammonium hydrogen phosphate market is anticipated to experience growth during the forecast period due to the potential of untapped applications and emerging technologies.
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The Global Diammonium Hydrogen Phosphate Market is segmented based on product, application and region
Global Diammonium Hydrogen Phosphate Market: Product Segment Analysis
● Food Grade
● Industry Grade
Global Diammonium Hydrogen Phosphate Market: Application Segment Analysis
● Fertilizers
● Brewing
● Metal Industry
● Fire Retardant
● Food Industry
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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
Regional Perspectives on the Diammonium Hydrogen Phosphate Market
the present and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa is contained within the regional segment.
The diammonium hydrogen phosphate market is anticipated to expand in the future, with Asia Pacific being the most prominent market. This is primarily due to the extensive availability of arable land, which has resulted in a rapidly expanding agricultural sector. The demand for diammonium hydrogen phosphate in this region is on the rise as a result of the increased use of fertilizers to enhance quality and productivity. The region’s wine industry is expected to expand in the coming years, as a result of the increasing disposable income and improved living standards of the regional population, as well as the significant developments that have been observed in Brazil. Latin America is expected to experience sustainable market growth.
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