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全球磷酸二铵市场 2024-2031Global Diammonium Phosphate Market 2024-2031 |
磷酸二铵市场规模、份额及趋势分析报告(按应用划分)(肥料、灭火粉、乳化剂、食品添加剂、金属表面处理等),预测期(2024-2031)
预计在预测期内(2024-2031 年)磷酸二铵 (DAP) 市场将以 12.4% 的复合年增长率显着增长。市场成长归因于农业实践中磷含量高而对 DAP 的需求增加,以及提高农业生产力以满足全球粮食需求推动市场成长的需求不断增长。在酸性土壤上,DAP 有助于暂时提高肥料颗粒周围土壤溶液的 pH 值,从而改善肥料对磷的吸收。根据美国地质调查局《矿产商品摘要》,2024 年 1 月,预计 2023 年全球化肥中 P2O5 的消费量为 4,570 万吨,而 2022 年为 4,380 万吨。 2027 年,产量将达到5,000 万吨。
Diammonium Phosphate Market Size, Share & Trends Analysis Report by Application (Fertilizers, Fire Extinguishing Powders, Emulsifiers, Food Additives, Metal Finishing, and Others), Forecast Period (2024-2031)
Diammonium phosphate (DAP) market is anticipated to grow at a significant CAGR of 12.4% during the forecast period (2024-2031). The market growth is attributed to the increased demand for DAP owing to high phosphorus content for agriculture practices and growing demand to enhance agriculture productivity to meet the food demand globally driving the market growth. On acidic soils, DAP helps to temporarily raise the pH of the soil solution surrounding the fertilizer granule, improving phosphorus uptake from the fertilizers. According to the US Geological Survey, Mineral Commodity Summaries, in January 2024, global consumption of P2O5 contained in fertilizers was estimated to have been 45.7 million tons in 2023 compared with 43.8 million tons in 2022. Global consumption of P2O5 in fertilizers was projected to increase to 50 million tons by 2027. The leading regions for growth were expected to be Asia and South America.
Market Dynamics
Increasing Government Investment and Subsidies
The increasing investment and subsidies by the government related to fertilizer enhance the production and demand of diammonium phosphate in agriculture regions to provide farm productivity and food security a top priority. According to the US Department of Agriculture, in March 2022, the US Department of Agriculture (USDA) announced plans for a $250.0 million investment to support innovative American-made fertilizers to give US farmers more choices in the marketplace. Additionally, to address growing competition concerns in the agricultural supply chain, USDA launched a public inquiry seeking information regarding seeds and agricultural inputs, fertilizer, and retail markets.
Increasing Demand for High-Efficiency DAP Fertilizers
Farmers are looking for fertilizers with better nutritional content and release to improve crop yields while minimizing their environmental impact. This trend is driving demand for specialty blends, controlled-release fertilizers, and fertigation-the practice of delivering fertilizer through irrigation systems. DAP fertilizer encourages strong root growth to establish robust plants, boost yields, and accelerate ripening. For transplanting cuttings, flowers, trees, and shrubs, superphosphate is perfect. Fruit, root, and seed crops can be supported by it.
Market Segmentation
Fertilizers are Projected to Hold the Largest Segment
The fertilizers segment is expected to hold the largest share of the market. The primary factors supporting the growth include owing to increasing uses of DAP as plant nutrition, DAP fertilizer is an ideal source of P and nitrogen (N). As it dissolves quickly in soil owing to its high solubility, it releases ammonium and phosphate that are available to plants. The alkaline pH that surrounds the dissolving granule is one of DAP's distinctive features. According to the Fertilizer Association of India, Annual Review of Fertilizer Production and Consumption 2022-23, DAP fertilizer at 10.5 million metric tons (MT) during 2022-23 recorded an increase of 13.0%. In terms of products, the production of DAP was at 4.4 million MT during 2022-23. Import of DAP increased from 5.5 million MT during 2021-22 to 6.6 million MT during 2022-23, representing a growth of 20.5%. Total production of food grains is estimated to be 330.5 million MT, about 14.9 million MT (4.7%) higher than the previous year's level.
The global diammonium phosphate market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Growing Demand for Diammonium Phosphate in North America
Asia-Pacific Holds Major Market Share
Asia-Pacific holds a significant share owing to numerous prominent Deepak Fertilizers and Petrochemicals Corporation Ltd. (DFPCL), Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC), Indian Farmers Fertilizer Co., Ltd. (IFFCO), and Tianjin Crown Champion Industrial Co., Ltd. in the region. The main driver of the regional expansion is the rising demand for food in countries like India, China, Japan, and South Korea. As awareness of sustainable agricultural practices rises, DAP is growing increasingly in demand as a phosphorus fertilizer owing to its cost and efficiency. Technological advancements and innovations in DAP production techniques are increasing productivity and reducing adverse environmental effects. According to the International Food Policy Research Institute, in April 2023, China's DAP exports, rose 2023 over 2022, As China eased its export restrictions/licensing requirements in 2023, it had a 20.0% share of Brazil's DAP imports, up from 14.0% in 2022, yet below the 2021 of 27.0%. China also dramatically increased its share of Indian DAP imports from 19.0% in 2022 to 39.0% in 2023, surpassing the 37.0% share it held in 2021. India's DAP imports increased from 2% in 2021 to 10.0% in 2023.
The major companies serving the diammonium phosphate market include EuroChem Group, Koch Industries, Inc., Nutrien Ltd., OCP Group, and The Mosaic Company, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, and mergers and acquisitions to stay competitive in the market.
Recent Development