Diammonium Hydrogen Phosphate Market Trends

Segmentation Analysis:

The Diammonium Hydrogen Phosphate Market is segmented by Type, Application. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

• Based on Type the market is segmented as, The powder segment is estimated to hold a sizeable share of diammonium hydrogen phosphate market by 2032. Powdered DAP is an inorganic phosphate salt of phosphoric acid which is highly soluble in water. This type of DAP can be stored in cool, dry, and well-ventilated spaces. These properties are expected to make them a popular fertilizer as the product can improve plant nutrition.
• Based on Application the market is segmented as, Diammonium hydrogen phosphate market value from the fire-retardant segment might record a commendable increase by 2032. Fire accidents and wildfires are growing at a considerable rate across the world. According to a report by the U.S. National Fire Protection Association (NFPA), in 2021, the death rate from fire accidents hit a 14-year high. The report further states that the local fire departments responded to 1.35 million fires in that year alone. DAP can be useful in such cases as the compound is known to lower the combustion temperature of the material, reducing the maximum weight loss rate, and assists in increasing the production of char. DAP is also the largest component in some of the most popular commercial firefighting products and is one of the main ingredients in fire retardant cigarettes. These factors will accelerate DAP market progress. Asia Pacific diammonium hydrogen phosphate market share is expected to increase substantially during the analysis timeframe. One of the major factors contributing to the regional market development is the growing expenditure on the agriculture sector across countries, such as India and China and the wide availability of large cultivable land. Reports suggest that sowing during the Rabi season of 2021-22 covered 68.9 million hectares of agricultural land in India. This has caused a steady rise in the adoption of DAP fertilizers as they are used to improve crop health and overall yield rate. High prevalence of wildfires and fire accidents across the region are also expected to stimulate the regional market growth in the forthcoming years. For instance, in March 2021, Mosaic Co. and Sound Agriculture signed a partnership agreement to develop a high-quality nutrient efficiency product that boosts the yield rate of major crops and enhances soil health. These developments will improve the usage of DAP to make fertilizers. The Russia-Ukraine war had a severe effect on diammonium hydrogen phosphate market trends as agricultural production and supply decreased significantly. This slowed the demand and manufacturing of fertilizers as well, further hampering the industry development.