Tuesday, 17 October 2017

Global Ammonium Phosphate Market Growth And Demand Forecast To 2022

Ammonium phosphate is the salt of phosphoric acid and ammonium. Upon reaction between phosphoric acid and ammonium, ortho (solid) form and polyphosphate (fluid) form are produced. The solid form is the dominant type. Ammonium phosphate is a highly unstable compound and is manufactured in long chain molecules to increase the stability. Ammonium phosphate is used as an additive in animal feed and finds application in several industries such as fertilizer, water treatment chemicals, food and beverages and flame retardant.

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The global ammonium phosphate market is categorized into monoammonium phosphate (MAP), diammonium phosphate (DAP) and ammonium polyphosphate. MAP is used for the manufacturing of phosphorous and nitrogen. Equal ratio of ammonia and phosphoric acid is made to react with each other to produce MAP. It is widely used in agricultural sector. It is water soluble and dissolves rapidly in soil if adequate moisture is present.
DAP is used as phosphate fertilizer. It is manufactured by reacting phosphoric acid and ammonia. In alkaline soil conditions, one of the ammonia molecules in DAP will revert to ammonia, making it an excellent fit for low pH or alkaline soil. Besides its applications in the agricultural sector, DAP is used to impregnate matches as a flame-retardant.
The global ammonium phosphate market is expected to grow significantly during the forecast period (2016-2022) owing to the growing agricultural industry in emerging economies and increasing demand for water treatment. Based on type, the MAP segment held the largest share in the global ammonium phosphate market in 2015 and is expected to witness highest growth during the forecast period. 
ncreasing demand for organic products is expected to hamper the growth of the global ammonium phosphate market during the forecast period. The consumers around the globe are becoming highly health conscious, which is resulting in change in their preferences and tastes thereby, propelling the growth of the global market for ammonium phosphate. 
Some of the major competitors operating in the global market for ammonium phosphate include Lanxess AG, Jordan Phosphate Mines Co. Plc, EuroChem Group AG, Solvay S.A., Saudi Arabian Mining Company (Ma’aden), Prayon SA, Italmatch Chemicals S.p.A, Israel Chemicals Ltd., United Phosphorus Limited and Potash Corp. of Saskatchewan Inc.
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