Seattle, WA -- (SBWIRE) -- 11/07/2019 -- Ammonium Phosphates Market: Introduction
Ammonium phosphates is a salt of ammonium and phosphate with formula (NH4)3PO4 and it is a highly unstable chemical compound. It is widely available in solid forms such as powder, pellet crystal, and liquid form. The compound is commonly available in the name of mono-ammonium phosphates, di-ammonium phosphates, and ammonium polyphosphate. Ammonium phosphate is derived from the reaction between phosphoric acid and ammonia. It has applications across fertilizers, flame retardants, food additives, fire control, and industrial application.
Growing application of ammonium phosphates in fertilizers and animal feed industry is the prime factor fueling the market growth. According to the Food and Agriculture Organization of the United States, in 2017, the demand for fertilizer nutrient use including nitrogen, phosphates, and Potash raised to 190850 tons from 184017 tons in 2015, globally. As per the FAO, the estimated demand by 2020, is expected to be around 201663 tons at the global level. Furthermore, ammonium phosphates are used in fire control and flame-retardant in the industrial sector, which is expected to propel the ammonium phosphates market growth in the near future.
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On the other hand, increasing application of fertilizers for increasing the crop yield, however, excessive usage of fertilizers in the field may lead to increase the health issues to the population and affect the health of species in the ocean. For instance, the Gulf of Mexico has an ocean dead zone, which is an effect of leaching of fertilizers into the water bodies. Such factors may deter the ammonium phosphates market growth in the near future.
Asia Pacific market is projected to hold the major share in the overall market over the forecast period and this can be attributed to the growing demand for the product across the agricultural application as fertilizers from China, India, Pakistan, and Southeast countries because the economies are the major consumers of the ammonium phosphates. According to the Ministry of Chemicals and Fertilizers, in India, the demand for NP/NPKs fertilizers including urea ammonium phosphates, ammonium phosphates sulfate and others in 2016, increased to 11420 tons from 10577 tons in 2013.
North America is projected to exhibit significant share in the overall market over the forecast period because of high usage of ammonium phosphates in the crop production such as corns and soybean, particularly in the U.S. As the U.S. is accounted for the largest producers of corns and soybean and ammonium phosphates facilitates phosphorus and nitrogen, which are considered as important factor for the proper growth of the crops. According to the United States Department of Agriculture, in 2017, Corn yield in the U.S. was estimated at a record high 176.6 bushels per acre and soybean production was recorded at 4.39 billion bushels in 2017.
Key players operating in the market include 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.
Major players in the market are adopting strategies such as mergers & acquisitions, product launch & development, business expansion, partnerships & collaborations to gain a strong foothold in the global market. For instance, in 2013, CF Holdings announced its strategic collaboration with Mosaic Co. The collaboration aimed to sell phosphates mining and manufacturing business to Mosaic Company. Moreover, the company would be supplying 600000 to 800000 tons of ammonia per year up to 15 years to Mosaic Company.
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The Ammonium Phosphates Market Is Segmented Into:
By Product Type
- Mono-ammonium phosphate
- Di-ammonium phosphate
- Ammonium polyphosphate
- Food Additives
- Others (Water Treatment Chemicals)
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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