An Incisive, In-depth Analysis on the Ammonium Phosphates Market
This study offers a comprehensive, 360 degree analysis on the Ammonium Phosphates market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Ammonium Phosphates market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Ammonium Phosphate Market Crossed Valuation of US$ 40 Bn in 2018; Fire Retardant Will Provide Thrust to Growth
Global ammonium phosphate market is invigorated by growing consumption in fire control applications. Despite environmental implications, inordinate utilization of ammonium phosphate in fertilizers will remain prevalent over the forecast period. Farmers are using ammonium phosphate based fertilizers on account of rising need for enhanced yield.
Having exceeded revenues of US$ 40 Bn in 2018, the market is projected to witness the upward growth trend during 2019-2029. Role of ammonium phosphate as firming agent and acidity regulator is driving the market growth. The global ammonium phosphate market is set to exhibit moderate growth at approximately 3.3% CAGR over the projection period.
Use of Ammonium Phosphate in Flame Retardant Applications to Gain Traction through 2029
Fire extinguishers are deployed in most frequented areas such as schools, offices, and homes. Flame retardant applications utilize monobasic ammonium phosphate which is a crucial ingredient in fire extinguishers based on dry chemical powder. Ammonium phosphate breaks off the oxygen supply and forms a coating over the source thereby smothering the fire.
Monobasic ammonium phosphate is present in pressurized form inside the fire extinguishers. These are also the most commonly used fire extinguishers, particularly in homes. Ammonium phosphate based fire extinguishers are increasingly being used to control electrical fires or fires generated from grease, gasoline or combustible substances such as wood.
Demand for Mono-ammonium Phosphate to Remain Rampant in Fertilizers
Mono-ammonium Phosphate (MAP) is a chief component of granular fertilizer. The pH regulation and water solubility are two most sought-after attributes of MAP. Farmers continue to prefer ammonium phosphate for sustained and healthy growth of plants. The augmented demand for MAP in high-pH soils is particularly fuelling the market.
In suspension fertilizers, ammonium phosphate is used in powdered form. Moreover, MAP has good handling and storage properties which are boosting its demand among consumers. However, the ongoing debate over the potential environmental impact of ammonium phosphate based fertilizers is limiting the market growth.
Asia Pacific to Lead Ammonium Phosphate Market through 2029
Rising population in Asia Pacific has led to an upheaval in demand for fertilizers in the region. Majority of the demand for ammonium phosphate will be generated from countries such as India and China. Moreover, proliferation of fertilizer plants in the region is supplementing the growth of ammonium phosphate market.
The ammonium phosphate market in Europe and North America is projected to witness relatively moderate growth during the forecast period. Stringent regulatory norms regarding the use of inorganic fertilizers are hindering the growth of ammonium phosphate market in the region. The primary focus of manufacturers in these two regions is on the use of organic fertilizers.
Forming Joint Ventures Remain Predominant Strategy of Market Leaders
Some of the market players featured in this report are Lanxess AG, Solvay S.A., OCP SA, Jordan Phosphate Mines Company, Wengfu Group, Yara International ASA, Coromandel International Ltd., Nutrien Ltd., Haifa Group, Innophos, Forbes Pharmaceuticals, Jordan Phosphate Mines Company, Israel Chemicals Ltd., and Prayon SA.
Most forward-thinking companies continue to form joint ventures for global operational expansion. For instance, National Fertilizers, a state-owned fertilizer firm of India, announced joint venture with a company in Algeria to build a Di-ammonium Phosphate plant in the country. Market players must shift their focus towards Asia Pacific region in view of enormous demand for ammonium phosphate.
A recent market study published by Future Market Insights on the ammonium phosphate market includes global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
Ammonium Phosphate Market: Segmentation
The global ammonium phosphate market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Chapter 01 - Executive Summary
The report begins with an executive summary of the ammonium phosphate market, which includes key findings and statistical analysis of the market.
Chapter 02 - Market Overview
Readers can find the definition and detailed taxonomy of the market in this chapter, which will help them understand the basic information about the market.
Chapter 03 - Demand Analysis 2014-2018 and Forecast, 2019-2029
This section explains the global market value analysis and forecast for the market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical market, along with opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029).
Chapter 04- Pricing Analysis
This section covers pricing analysis of the ammonium phosphate market at the regional level.
Chapter 05 - Market Background
This section explains the global market value analysis and forecast for the market during the forecast period of 2019-2029 and the key macroeconomic factors that are expected to influence growth of the ammonium phosphate market during the forecast period. This section also highlights the opportunity analysis for the market. This chapter also provides key market dynamics, which include drivers and restraints. Moreover, readers will understand key trends followed by leading manufacturers in the market.
Chapter 06 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Region
This chapter explains how the market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, Asia Pacific, Middle East and Africa (MEA).
Chapter 07 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Product Type
This chapter provides details about the market based on product type, and has been classified into mono-ammonium phosphate (MAP), di-ammonium phosphate (DAP), and ammonium polyphosphate. Through this chapter, readers can understand market attractiveness analysis based on product type.
Chapter 08 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Applicationmut the market based on application, and has been classified into fertilizers, food & beverages, fire extinguishers, detergents & soaps, and water treatment chemicals. Through this chapter, readers can understand market attractiveness analysis based on application.
Chapter 9 - North America Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter includes detailed analysis of the growth of the North America market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find pricing analysis, regional trends, and market growth based on application, product type and countries in North America.
Chapter 10 - Latin America Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides the growth scenario of the market in countries in Latin American such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.
Chapter 11 - Europe Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Important growth prospects of the market in several countries such as Germany, the U.K., France, Spain, Italy, Russia, and the rest of Europe are included in this chapter.
Chapter 12 - MEA Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides information about how the market is anticipated to grow in major countries in the MEA region such as GCC countries, South Africa, Turkey, Northern Africa, and the rest of MEA during the forecast period.
Chapter 13 - Asia Pacific Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Leading countries in the Asia Pacific region are prime subjects of assessment to obtain growth prospects of the Asia Pacific market in this chapter. Readers can find detailed information about growth parameters of the Asia Pacific market during the forecast period.
Chapter 14 - Emerging Countries Market Analysis 2014-2018 and Forecast 2019-2029
This chapter explains how the ammonium phosphate market is anticipated to grow across various emerging countries such as China, and India.
Chapter 15 - Market Structure Analysis
In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the market, along with their market presence analysis by region and product portfolio.
Chapter 16 - Competition Analysis
In this chapter, readers can find detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in this report are Lanxess AG, Solvay S.A., OCP SA, Jordan Phosphate Mines Company, Yara International ASA, Israel Chemicals Ltd., Nutrien Ltd., Haifa Group, Coromandel International Ltd., Innophos, Forbes Pharmaceuticals, Wengfu Group, Jordan Phosphate Mines Company, and Prayon SA.
Chapter 17 - Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the ammonium phosphate market report.
Chapter 18 - Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the market. The report focuses on ammonium phosphate consumed in the Chemicals & Materials industry.