Global Market Insights Inc. announces an ongoing comprehensive report on the ammonium phosphates market. This report provides an exhaustive account of the industry including: —
• Ammonium phosphates market size, historical from 2014 to 2018 and annual forecast from 2019 to 2025
• Major ammonium phosphates industry trends, technology evolution, economic indicators and business challenges
• Regulatory and geopolitical trends impacting the industry
• Business drivers and pitfalls impacting key regional markets
• Competitive landscape of the industry and detailed profiles of the major companies
Ammonium phosphates are inorganic salts derived from reaction between ammonia and phosphorus. It is obtained in form of dry powder, solid, liquid and pellet crystal. The compound is manufactured in long chain molecules to provide stability. This salt is classified into three types including mono-ammonium phosphate (MAP), di-ammonium phosphate (DAP), and ammonium polyphosphate. This salt offers superior water solubility and high dissolving characteristics which should stimulate product demand. Rising utilisation in fertilizers, flame retardant, water treatment and food & beverages industry should propel ammonium phosphates market demand.
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Increased use of ammonium phosphate in food processing applications will drive consumption for the substance over the coming years. Rapid growth in the food processing industry, particularly due to increasing demand for packaged food is one of the main factors fueling global ammonium phosphates market growth. The substance can be used as a suitable food additive during the production process. Convenience and long shelf life paired with a rising demand for ready-to-eat meals and frozen foods across dairy, bakery, and meat processing industries are expected to strengthen the industry position.
Ammonium polyphosphate market size will observe significant gains over the foreseeable years due to its extensive use in fertilizers. Polyphosphate-based fertilizers are used throughout the world and their impact on crop field is said to be more effective as opposed to other formulas. The demand for fertilizers will be upscaled by the progressively rising global food demand, eventually expanding the reach of ammonium polyphosphates market.
Diammonium phosphate (DAP) market may witness a steady demand over forecast period. Rising product demand from fire retardant, winemaking, mead making, and agricultural industries should accelerate industry growth. Increase in product usage to fight wildfires owing to beneficial attributes including lowering pyrolysis temperature should stimulate the ammonium phosphates market share.
Ammonium polyphosphates market may experience steady growth over the forecast period owing to rising paints & coatings demand. Its utilisation in paints as flame retardant owing to stable and non-volatile characteristics should stimulate product demand. Growing product usage as food additives and emulsifier should accelerate industry growth.
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Europe ammonium phosphate market is likely to gain momentum in the following years, owing to the upturn in meat demand, requiring larger supplies for feed to match the rise in production. Reportedly, the European Union had produced more than 45.2 million tons of meat in 2017, demonstrating the tremendous need for efficient and safe animal feed solutions in the region. Increase meat production for domestic consumption and exports will certainly fuel ammonium phosphates industry in the region.
EU countries are considered among the leading producers of milk and feeding livestock is a vital process in ensuring the quality and volume of output is maintained. According to the EU agricultural outlook 2018-2030, the region is estimated to supply nearly 35% of the global demand for dairy products. Europe’s flourishing dairy industry will drive the demand for animal feed, thereby boosting the Europe ammonium phosphates market.
Industry leaders operating in the market comprise of Yara International, Coromandel, Haifa Chemical, Israel Chemical Ltd (ICL), CF Industries Holdings, United Phosphorus Limited Potash Corp. of Saskatchewan Inc., and others. Inclusion of ammonium phosphate in the list of permitted food additives across several nations will further reinforce the industry stance. Adoption of cleaner manufacturing processes to lower the impact on the environment will outline future developments in the market.
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