The global diammonium hydrogen phosphate market is expected to show appreciable growth over the forecast period. Growing agriculture sector leading to increase in demand for fertilizers is expected to fuel the diammonium hydrogen phosphate (DAP) market. Increasing dependence on fertilizers due to the shrinking cultivable land and requirement for higher production yield of crops for the ever-growing population is likely to aid market growth. Increasing demand for firefighting products due to numerous policies aimed at maintaining environment, health & safety in the commercial, industrial and residential buildings, and surroundings are also expected to assist market growth. However, development of bio-based and eco-friendly fertilizers is expected to be a key restraining factor to the growth of the DAP market. Growth of the wine industry due to increasing awareness among consumers regarding the health benefits of wine consumption and increasing disposable incomes of the middle class is also expected to present growth opportunities for the DAP market.
DAP is a salt which is soluble in water. DAP is manufactured by a chemical reaction between phosphoric acid and ammonia. It majorly finds utility in the agriculture sector as a fertilizer which temporarily increases the pH level of the soil. However, the soil becomes more acidic at a later stage due to nitrification of ammonium.
DAP majorly being used as a fertilizer, is also utilized as a nutrient for yeast in fermentation. This property makes it useful in mead brewing and wine industry. It also finds use in firefighting products as a fire retardant due to its characteristic of increasing char formation and lowering pyrolysis temperature. Apart from the abovementioned, it finds use in purification of sugar, in control of precipitation of acid-insoluble and alkali soluble colloidal dyes on wool, afterglow prevention in matches, in enhancing nicotine in cigarettes and as a soldering flux for zinc, copper, tin & brass.
DAP demand was highest in Asia Pacific in 2013 and the region is expected to continue being a major market in the upcoming years due to the presence of a large agriculture sector in the region. India and China were the major consumers of DAP in the region. Latin American countries such as Brazil, Argentina and Mexico are also expected to witness substantial growth in the DAP market owing to increasing food requirements coupled with growth in agriculture and its allied sectors. U.S., Canada, and the European Union are limiting the use of DAP due to its adverse impact on the soil. Moreover, these regions are focusing on developing eco-friendly alternatives, which is expected to hamper DAP market growth. Africa is expected to witness high demand for fertilizers owing to presence of large arable land in the region.
The diammonium hydrogen phosphate market is fragmented in nature, with good potential for growth in the emerging economies such as India, China and South Africa. Key players in the DAP market include China Blue Chemicals Ltd., Sichuan Chuanxi Xingda Chemical Co., Bunge, PhosAgro AG, SABIC, Mosaic Co., JR Simplot, and Gujarat Narmada Valley.
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The current pandemic situation has created disruption in the manufacturing of agrochemicals by virtue of raw material availability. Furthermore, this continual trend shall have a cascading effect on food productivity and crop yields on economies that are predominantly agrarian, during a time when demand for Agri produce shall register a spike over the medium term. Governments across the developing world are vying to incrementally ease restrictions on the manufacturing of fertilizers and maintain seasonal agricultural activities in order to reduce concerns regarding food security, which is a critical indicator for determining the course of a supply gap in the industry. The report will account for Covid19 as a key market contributor.