H1 2023: The largest producers of Di Ammonium Phosphate (DAP) on a global scale in H1 2023 were Coromondal, Ma'aden, and IFFCO. In January 2023, OCP Group, one of the leading DAP producers on a global scale, signed an agreement with the fertilizer sector of India, to fulfill the fertilizer requirements of India and includes 1700 thousand tonnes of phosphate-based fertilizer. This included 100 thousand tonnes of DAP and Triple Super Phosphate (TSP). All the fertilizers were customized by OCP in order to improve crop yield, meet demand of farmers, and promote sustainable farming in India. In March 2023, IFFCO joined hands with Coromandel International Ltd (CIL) and revealed that both of them will produce Nano Di Ammonium Phosphate (DAP) for the coming three years. Furthermore, IFFCO aims at constructing a Nano DAP plant at Kalol unit located Gujarat with a nano DAP production capacity of 200 thousand bottles of 500 ml per day after being commissioned. Asia Pacific region witnessed a bearish Di Ammonium Phosphate market in H1 2023. The Chinese market witnessed a gradual decline in Di ammonium phosphate prices. The purchase rates of DAP by the fertilizer industry was hazy in the Asian nations. The market price trend was weak throughout H1 2023 in the Chinese market. Raw material cost was low due to low-cost support and stagnant ammonia prices in the Chinese market. The DAP prices remained low throughout H1 2023 in the Asia Pacific region until the end of June 2023.
H1 2022: The global Di Ammonium Phosphate (DAP) production during H1 2022 stood at approximately 17.4 million tonnes in H1 2022. During H1 2022, Ma'aden, Coromondal, MOSIAC, and IFFCO stood as the leading producers of Di Ammonium Phosphate. However, Ma'aden held the position of the biggest producer of Di Ammonium Phosphate across the globe in H1 2022. In May 2022, Gujarat State Fertilizers and Chemicals (GSFC), one of the leading chemical producers of India, had temporarily shut three diammonium phosphate (DAP) units located at GFSC’s Sikka complex. The reason was the high prices of raw materials (phosphoric acid and ammonia). Geographically, Asia Pacific held the position of being the largest consumer of Di Ammonium Phosphate and held a market share of approximately 47% in H1 2022. Di Ammonium phosphate prices surged rapidly in January 2022 due to severe shortages in the Asia-Pacific region. Diammonium phosphate (DAP) prices soon stabilized in February 2022 after hitting new all-time highs. The price of DAP again changed slightly due to the reduced availability of phosphate in China. The price of natural gas, which used for fertilizer production, also rose in the last weeks of February 2022 as a result of war between Russia and Ukraine. The DAP prices were rising steadily throughout H1 2022 in Asia Pacific region. DAP prices remained high, putting pressure on producers against a strong DAP market.
H2 2022: During H2 2022, the total production of DAP was comparatively higher than H1 2022 and had reached roughly 18.6 million tonnes across the globe. In H2 2022, Asia Pacific witnessed a sluggish DAP market throughout H2 2022. It was due to lack of demand from fertilizer market in the Asia Pacific region. The demand for diammonium phosphate fertilizers in India was expected to increase in October 2022. However, things did not go this manner and there was a shortage of new orders in October 2022. Demand for diammonium phosphate further decreased in the last week of October 2022. Demand was mainly supported by downstream phosphate fertilizers across India. Furthermore, in H2 2022, there were mixed segments about the price dynamics of diammonium phosphate in Europe. The price of diammonium phosphate surged in July 2022 due to higher raw material ammonia and phosphate prices across the region, Additional factors included high energy costs and uneven distribution of natural gas and electricity. Port congestion had occurred at many German ports during H2 2022, affecting the availability of imports from Asian nations and the United States. Inventory shortages continued across Europe as inventories decreased across Europe during the last months of H2 2022.
The global Di Ammonium Phosphate (DAP) market has grown remarkably to reach approximately 36 million tonnes in 2022 and is expected to grow at an impressive CAGR of 3.10% during the forecast period until 2032.
The most popular Phosphorus fertilizer used in today's world is Diammonium Phosphate (DAP). It has the chemical formula as (NH4)2(HPO4). A chemical reaction between phosphoric acid and ammonia synthesizes DAP. This is a water-soluble chemical that readily releases ammonium and phosphorous. DAP readily releases these nutrients in the soil and makes it fertile by increasing the soil's pH level. It is widely known for its strong, remarkable physical qualities and moderately high supplement content. DAP is rich in nutrients and possesses the physical attributes required to nourish crops.
The primary driver of the Di Ammonium Phosphate (DAP) global market is the Fertilizer Industry. In 2021, approximately 85% of global Di Ammonium Phosphate was utilized solely by this industry. Phosphorus is a part of plant cells and is necessary for cell reproduction and the growth of the plant's shoot apex. It is essential for young plants and seedlings for this reason. Di Ammonium Phosphate is an indispensable component for supplying phosphorous to the soil. Due to the growing use of Di Ammonium Phosphate to boost crop yield, the Fertilizer Industry is anticipated to dominate the market. Furthermore, Di Ammonium Phosphate's increasing use as a fire retardant is expected to create a chance of profitable market expansion in the forecast period. The global Di Ammonium Phosphate (DAP) market will most likely reach 48 million tonnes by 2032.
Based on demand by region, the Asia Pacific is dominating the Di Ammonium Phosphate (DAP) market. It is anticipated that the growth of the agricultural industry will fuel an increase in the demand for food and other goods owing to the growing population, which will ultimately increase the demand for ammonium phosphate in developing countries like India and China throughout the anticipated period. Based on production, India is leading in the production of DAP. The abundance of Phosphorous mineral ores and raw materials in India is driving the production of DAP in the country.
Based on the end-user industry, the global Di Ammonium Phosphate (DAP) market is segmented into Fertilizers, Food Additives, Metal Finishing, and Fire Retardant. Among these, the Fertilizer sector dominates the Di Ammonium Phosphate market globally. This sector consumed approximately 87% of the global DAP market in 2022.Due to the rising demand for crops, it is expected that the Fertilizer industry is expected to maintain its dominance in the forecast period. Fire retardant industry is also a prominent shareholder of Di Ammonium Phosphate.
Major players in the production of Global Di Ammonium Phosphate (DAP) are Ma'aden, Coromondal, MOSIAC, IFFCO, EuroChem Group AG, Phoshagro, OCP Group, The Philippine Phosphate Fertilizer Corporation, Jordan phosphate mines, Hubei Yihua Fertilizer Co., Ltd., Zuari Agro Chemicals Limited, Guiyang Sinochem Kailin Fertilizer Co., Ltd.,Nutrien ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Di Ammonium Phosphate (DAP) which covers production, demand and supply of Di Ammonium Phosphate (DAP) market in the globe.
• To analyse and forecast the market size of Di Ammonium Phosphate (DAP)
• To classify and forecast Global Di Ammonium Phosphate (DAP) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Di Ammonium Phosphate (DAP) market in the globe.
To extract data for Global Di Ammonium Phosphate (DAP) market, primary research surveys were conducted with Di Ammonium Phosphate (DAP) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Di Ammonium Phosphate (DAP) market over the coming years.
ChemAnalyst calculated Di Ammonium Phosphate (DAP) demand in the globe by analyzing the historical data and demand forecast which was carried out considering demand of Di Ammonium Phosphate (DAP) by the end-user industries across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Di Ammonium Phosphate (DAP) manufacturers and other stakeholders
• Organizations, forums and alliances related to Di Ammonium Phosphate (DAP) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Di Ammonium Phosphate (DAP) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Di Ammonium Phosphate (DAP) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
|
Attribute
|
Details
|
|
Market size Volume in 2022
|
36 million tonnes
|
|
Market size Volume by 2032
|
48 million tonnes
|
|
Growth Rate
|
CAGR of 3.10% from 2023 to 2032
|
|
Base year for estimation
|
2023
|
|
Historic Data
|
2015 – 2022
|
|
Forecast period
|
2024 – 2032
|
|
Quantitative units
|
Demand in million tonnes and CAGR from 2023 to 2032
|
|
Report coverage
|
Industry Market Size, Capacity By Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share
|
|
Segments covered
|
By End-Use: (Fertilizers, Food Additives, Metal Finishing, and Fire Retardant)
By Sales Channel: (Direct Sale and Indirect Sale)
|
|
Regional scope
|
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
|
|
Pricing and purchase options
|
|
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
