Diammonium Hydrogen Phosphate (DAP) Market Size (2024 - 2029)

The diammonium hydrogen phosphate market is anticipated to experience growth driven by its increasing use in fertilizers and the brewing sector. Despite challenges such as the emergence of bio-based substitutes and the impact of the COVID-19 pandemic, the market's expansion is supported by opportunities in firefighting applications. The fertilizer segment is projected to lead the market due to its role in enhancing crop yield, with the Asia-Pacific region, particularly China and India, being the largest consumers.

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Market Size of Diammonium Hydrogen Phosphate (DAP) Industry

Diammonium Hydrogen Phosphate Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 2.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Diammonium Hydrogen Phosphate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Diammonium Hydrogen Phosphate Market Analysis

The market for Diammonium Hydrogen Phosphate (DAP) is expected to grow at a CAGR of over 2% during the forecast period. Major factors driving the market studied are increasing demand of diammonium hydrogen phosphate in fertilizers and rising demand from brewing segment. On the flipside, development of bio-based and eco-friendly substitutes and unfavourable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.

  • Growing demand for diammonium hydrogen phosphate in firefighting products as a fire retardant is expected to offer various lucrative opportunities for the growth of market.
  • By application, fertilizer segment is expected to dominate the market owing to the increase in the usage of diammonium hydrogen phosphate to increase the crop yield.
  • Asia-Pacific region dominated the diammonium hydrogen phosphate market across the globe with the largest consumption from countries such as China and India.

Diammonium Hydrogen Phosphate Industry Segmentation

The Diammonium Hydrogen Phosphate (DAP) market report includes:

Application
Fertilizer
Food & Beverages
Fire Retardant
Metals
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Diammonium Hydrogen Phosphate (DAP) Market Size Summary

The diammonium hydrogen phosphate (DAP) market is poised for growth, driven by its increasing application in fertilizers and the brewing industry. As an inorganic phosphate and diammonium salt of phosphoric acid, DAP is soluble in water and is primarily used to enhance soil pH levels, thereby boosting crop yields. The demand for DAP is further fueled by the need to address shrinking arable land and the necessity for higher quality and production yields to support a growing global population. Despite challenges such as the development of bio-based substitutes and the lingering effects of the COVID-19 pandemic, the market is expected to expand, with significant opportunities arising from its use as a fire retardant in firefighting products.

The Asia-Pacific region is anticipated to lead the DAP market, with China and India being major consumers due to their expansive agricultural sectors and cultivable land. The region's dominance is supported by the increasing use of DAP in various crops and its role as a nutrient in the fermentation process for the wine industry. Additionally, the growth of the fire retardant market in Asia-Pacific, driven by safety regulations, is expected to further bolster DAP demand. Key players in the market, such as The Mosaic Company, SABIC, and China BlueChemical Ltd., hold significant market shares, contributing to the consolidated nature of the industry. These factors, along with government support, are likely to sustain the market's growth trajectory over the forecast period.

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Diammonium Hydrogen Phosphate (DAP) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand of Diammonium Hydrogen Phosphate in Fertilizers

      2. 1.1.2 Rising Demand from Brewing

    2. 1.2 Restraints

      1. 1.2.1 Development of Bio-based and Eco-friendly Substitutes

      2. 1.2.2 Unfavourable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Fertilizer

      2. 2.1.2 Food & Beverages

      3. 2.1.3 Fire Retardant

      4. 2.1.4 Metals

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle-East and Africa

Diammonium Hydrogen Phosphate (DAP) Market Size FAQs

The Diammonium Hydrogen Phosphate (DAP) Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)

The Mosaic Company , GNFC. Limited. , PhosAgro Group of Companies , China BlueChemical Ltd. and SABIC are the major companies operating in the Diammonium Hydrogen Phosphate (DAP) Market.

Diammonium Hydrogen Phosphate Market Report Snapshots

Diammonium Hydrogen Phosphate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)