Ammonium Phosphates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

 

Ammonium phosphates are widely available as powder, pellet crystals, and liquids. They are a phosphoric acid and ammonium salt. Mono-ammonium phosphates, di-ammonium phosphates, and ammonium polyphosphate are common names for them. The chemical is used in fertilizers, food additives, flame retardants, and fire suppression, among other things.

China is the world's leading manufacturer, consumer, and exporter. Africa and the Middle East have seen the highest increases in Ammonium Phosphates Market production, consumption, and exports over the last five years, and this trend is expected to continue.

Growing consumption in fire control applications is driving the global ammonium phosphate market. Despite the environmental consequences, excessive use of ammonium phosphate in fertilisers will continue to be prevalent over the forecast period. Farmers are using Ammonium Phosphates Market -based fertilisers to increase yield.

Fire extinguishers are placed in high-traffic areas such as schools, offices, and homes. Monobasic ammonium phosphate, a key ingredient in dry chemical powder-based fire extinguishers, is used in flame retardant applications. Ammonium phosphate cuts off the oxygen supply and forms a coating over the source, suffocating the fire.

Mono-ammonium Phosphate (MAP) is a key component of granular fertiliser. MAP's pH regulation and water solubility are two of its most desired properties. Farmers continue to prefer ammonium phosphate for plant growth that is both sustained and healthy. The increased demand for MAP in high-pH soils is particularly driving the market.

Ammonium Phosphates Market powder is used in suspension fertilizers. Furthermore, MAP has good handling and storage properties, which are increasing its consumer demand. However, the ongoing debate over the potential environmental impact of ammonium phosphate-based fertilisers is limiting market growth.

Key Players

Yara International, Haifa Chemical, Coromandel, PotashCorp, Israel Chemical Ltd (ICL), Mosaic Co, United Phosphorus Limited Potash Corp. of Saskatchewan Inc., Yuntianhua Group Company Limited, Jordan Phosphate Mines Company, CF Industries Holdings, Lanxess AG, and others are among the market's key players.