NEW YORK, June 9, 2016 /PRNewswire/ --
According to market research "Global Ammonium Phosphate Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Type (Monoammonium Phosphate, Diammonium Phosphate, Ammonium Polyphosphate) and by Application (Fertilizer, Flame Retardant, Water Treatment Chemicals, Food and Beverages, Others)" by P&S Market Research, the global ammonium phosphate market was valued at $35,696.3 million in 2015, and it is expected to grow at a CAGR of 3.6% during 2016 - 2022.
The major factors driving the growth of the market globally include its increasing use in animal feed and industrial applications, and growing agriculture industry in the emerging nations. Asia-Pacific is anticipated to create significant growth opportunities for the growth of the global ammonium phosphate market. The significant growth of the end-user industries, such as food and beverages, and agriculture in the region is catalyzing the demand of ammonium phosphate. The continuous investment in these industries is also expected to drive the demand for ammonium phosphate in Asia-Pacific. The growing demand for food and food products, along with increasing population is expected to augment the growth of the agricultural industry, which in turn is expected to boost the growth of the ammonium phosphate market during the forecast period.
Explore Full Market Research Report on "Global Ammonium Phosphate Market" at: https://www.psmarketresearch.com/market-analysis/ammonium-phosphate-market
Based on product type, the global ammonium phosphate market is segmented into monoammonium phosphate (MAP), diammonium phosphate (DAP) and ammonium polyphosphate. The diammonium phosphate (DAP) segment accounted for the largest market share among the various products in the global ammonium phosphate market in 2015. The major factors driving the growth of the DAP segment is its widespread use in fertilizers. DAP commonly helps in regulating pH levels in soil, thereby enhancing the quality of soil and boosting crop yield. MAP is mostly utilized as a food additive and emulsifier in the food and beverages industry.
Explore Related Research: https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy
Some of the major competitors in the ammonium phosphate market include Lanxess AG, Jordan Phosphate Mines Company, EuroChem MCC, Solvay S.A., Ma'aden-Saudi Arabian Mining Company, Prayon SA, Italmatch Chemicals S.p.A, Israel Chemicals Ltd., UPL Limited, and Potash Corp. of Saskatchewan Inc.
GLOBAL AMMONIUM PHOSPHATE MARKET SEGMENTATION
- Monoammonium phosphate (MAP)
- Diammonium phosphate (DAP)
- Ammonium polyphosphate
- Flame retardant
- Water treatment chemicals
- Food and beverages
- North America
- Rest of North America
- Rest Of Europe
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
Explore Other Report by P&S Market Research
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Ammonium Chloride Market - https://www.psmarketresearch.com/market-analysis/ammonium-chloride-market
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SOURCE P&S Market Research