As per the ChemAnalyst report titled “Global Di Ammonium Phosphate (DAP) Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032,” the Di Ammonium Phosphate (DAP) market is poised for a substantial increase, reaching 48 million tonnes by 2032. This growth is expected to occur at a CAGR of 3.10% throughout the forecast period. The heightened demand for Di Ammonium Phosphate (DAP) from various industries such as Fertilizers, Food Additives, Metal Finishing, and Fire Retardants is projected to drive the market forward.
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Di Ammonium Phosphate (DAP) is an inorganic salt with the chemical formula (NH4)2(HPO4). It is produced through the reaction between phosphoric acid and ammonia. Notably, its solubility in water and release of ammonium and phosphorus make it a crucial component in fertilizers. In agriculture, DAP is frequently employed to enhance soil pH, particularly for crops like cotton, rice, vegetables, and peanuts.
The global Di Ammonium Phosphate (DAP) market is primarily propelled by its role as a fertilizer, fulfilling the phosphorus needs of crops, especially in the early stages of growth and cell reproduction. With the global population expected to rise, the demand for food and related products will increase, further boosting the Di Ammonium Phosphate market, particularly in developing nations like India and China. Additionally, the use of DAP in manufacturing fire repellent products is anticipated to contribute to its growing demand in the coming decade.
Segmented by end-use, sales channel, and region, the global Di Ammonium Phosphate (DAP) market features sectors such as Fertilizers, Food Additives, Metal Finishing, and Fire Retardants. The Fertilizer sector dominates the market, accounting for approximately 87% in 2022. This dominance is expected to persist due to the rising demand for crops. The Fire Retardant industry also plays a significant role in driving Di Ammonium Phosphate demand.
In terms of regional demand, Asia Pacific leads the global Di Ammonium Phosphate (DAP) market, with India being the top producer. This is attributed to the abundance of phosphorous mineral ores utilized in DAP manufacturing.
The key players in the Di Ammonium Phosphate (DAP) market, as highlighted in the report, include Ma’aden, Coromondal, MOSIAC, IFFCO, EuroChem Group AG, Phoshagro, The Philippine Phosphate Fertilizer Corporation, Jordan phosphate mines, OCP Group, Hubei Yihua Fertilizer Co., Ltd., Zuari Agro Chemicals Limited, and Guiyang Sinochem Kailin Fertilizer Co., Ltd.
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https://www.chemanalyst.com/industry-report/di-ammonium-phosphate-dap-market-714
According to Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm associated with ChemAnalyst worldwide, “Di Ammonium Phosphate (DAP) is expected to witness expansion in the forecast period, driven by its application in the fertilizer industry for crop cultivation. Its water-soluble nature, releasing essential nutrients like ammonium and phosphorous, contributes to its total demand in the global market. Additionally, demand from the Fire Retardant industry is a notable factor due to DAP’s ability to lower pyrolysis temperature during the forecast period.”
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