Global and china Diammonium Phosphate (DAP) Market is expected to witness rapid growth in the near future owing to high demand from fertilizer industry coupled with several favorable properties. Huge demand for fruits & vegetables and for other crop is estimated to drive the DAP market over the forecast period. Diammonium phosphate (DAP) also named as diammonium hydrogen phosphate is series of water-soluble ammonium phosphate salts which are produced by ammonia and phosphoric acid reaction. Solid diammonium phosphate shows some dissociation ammonia pressure.
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Huge food requirement from region such as India and China is estimated to drive the market over the forecast period. Several advantageous properties such as it increase the soil PH for shorter duration makes the usage of the Diammonium Phosphate (DAP) beneficial. However, stringent regulations are expected to hamper the growth over the eight year period. The industry is segmented based on product type as several phosphorus chemicals. Based on applications the market is segmented as Grains & oilseeds, Fruits & Vegetable and Other crops. Moreover it has application in fire retardant industry.
Major regional markets include Central & South America, Middle East and Africa, Asia Pacific, Europe, and North America. Among the developing region China had dominated the regional market in the recent past and had highest penetration followed by India. China is presumed to witness similar trend and dominate the market over the forecast period owing to huge demand for food & vegetables in order to fulfill the need of the large population. The demand for crops is expected to witness rapid growth to fulfill the daily nutrition requirement. Thus demand for crops is expected to have positive impact on the growth of the Diammonium Phosphate (DAP) market over the forecast period. Developed region such as Europe and North America is projected to witness positive growth owing to rising demand form application segment such as vegetable & fruits, Grains & oilseeds and other crops. The product innovation and development of new usage of the DAP market is expected to propel the industry demand over the eight year period.
The industry players are investing on R&D to produce ideal quality product and achieve competitive advantage over other industry players. Companies are presumed to take strong measures in an aim to gain more market share and to deliver varied range of product demand. Prominent industry participants include Potash Corp. Phosphate, EuroChem Phosphates, Coromandel Fertilizers, Office Cherifien des phosphates, ICL Fertilizers, Agrium Phosphate, Yara Downstream, CF Phosphate, Mosaic phosphate crop nutrients, PhosAgro Phosphate based products, Bayer AG, E.I. du Pont de Nemours and Company (DuPont), NUFARM LIMITED, SumitomoHealth & Crop Sciences, Indian Farmers Fertiliser Cooperative, BASF SE, Dow Agrosciences LLC, Monsanto Company, SociedadQuimica y Minera de Chile SA, Syngenta AG, Uralkali JSC and MakhteskimAgan Group.
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This research report on the global Diammonium Phosphate (DAP) market projects restraints, drivers, opportunities, growth figures and trends that are projected to be seen in this industry between 2016 and 2024. For this purpose, our research understands the overall Diammonium Phosphate (DAP) market by segmenting it based on region, raw materials and application industry. The industry structure is studied and the future growth is estimated over the forecast period. The research is based on an extensive primary & secondary research obtained from secondary and primary sources. The primary and secondary data are used to estimate the quantitative growth figure of the DAP market. Each segment growth is estimated in terms of volume and price in USD. This report will provide detail about the application segment which is expected to have highest penetration over the forecast.
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