Diammonium Hydrogen Phosphate Market

Global Diammonium Hydrogen Phosphate Market Size (2024 to 2032)

The global diammonium hydrogen phosphate market was valued at USD 627 million in 2023 and is anticipated to reach USD 696.60 million by 2024 from USD 1616.94 million by 2032, growing at a CAGR of 11.10% during the forecast period from 2024 to 2032. The diammonium hydrogen phosphate market is developing at an exceptionally quick pace.

Diammonium hydrogen phosphate (DAP) is one of the commonly used phosphorus fertilizers. It has appropriate physical properties and high nutrient content required for crop nurture. DAP fertilizer is extremely soluble and dissolves quickly in soil to discharge ammonium and phosphorus. Diammonium hydrogen phosphate has various applications such as fire retardants, corrosion inhibitors, chemical additives, and so on. Diammonium hydrogen phosphate is also used for a number of industrial processes, such as brewing, chemical manufacturing, metal finishing and many more. Diammonium hydrogen phosphate also helps in yeast fermentation in wine manufacturing.

Market Drivers

The significant drivers for diammonium hydrogen phosphate are rising dependence on fertilizers because of the shrinking cultivable land and the necessity for higher production yield of crops for the increasing population. Also, a surge in demand for firefighting products aimed at maintaining the environment, health & safety in the commercial, industrial, and residential buildings and surroundings in developing economies will boost this industry. However, the development of bio-based and eco-friendly fertilizers limits this industry.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Diammonium Hydrogen Phosphate Market By End-User

Diammonium Hydrogen Phosphate fertilizer is mostly used for peanut, broomcorn, cotton, paddy, and vegetable crops; hence, the demand is dependent on the production of these crops. The next major application is seen in the wine industry and the yeast industry.

REGIONAL ANALYSIS

North America is estimated to constitute the largest share in this market, while the Asia Pacific region is expected to witness the fastest growth and overtake North America, being the second-largest shareholder for the market during the forecast period.

KEY MARKET PLAYERS

Bunge, PhosAgro AG, SABIC, Mosaic Co., China Blue Chemicals Ltd., Sichuan Chuanxi Xingda Chemical Co., JR Simplot, and Gujarat Narmada Valley are the leaders in the global Diammonium Hydrogen Phosphate market. These are some market players that dominate the global diammonium hydrogen market.

DETAILED SEGMENTATION OF THE GLOBAL DIAMMONIUM HYDROGEN PHOSPHATE MARKET INCLUDED IN THIS REPORT

This research report on the global diammonium hydrogen phosphate market is segmented and sub-segmented based on application, end-user, and region.

By Application

• Food Additive,
• Fertilizers,
• and Fire Retardants.

By End-User

• Fertilizer
• Chemical
• and Safety & Hazard.

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East Asia