Mono Ammonium Phosphate Market Outlook
According to the report by Expert Market Research (EMR), the global mono ammonium phosphate market size reached a volume of 27.06 million metric tons in 2023. Aided by the increasing demand from various end-use industries such as agriculture, food processing, and chemical manufacturing, the market is projected to further grow at a CAGR of 1.7% between 2024 and 2032 to reach 31.71 million metric tons by 2032.
Mono ammonium phosphate, chemically represented as NH4H2PO4, is a widely used fertilizer and industrial chemical known for its high phosphorus and nitrogen content. It is commonly used in agricultural applications as a source of nutrients for crops, promoting healthy growth and increasing yield. Additionally, MAP finds extensive use in food processing as a leavening agent and pH regulator, as well as in the production of flame retardants, water treatment chemicals, and animal feed additives.
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The growing global population and increasing food demand are driving the demand for fertilisers such as mono ammonium phosphate and fuelling the mono ammonium phosphate market growth. With limited arable land and the need to improve agricultural productivity, farmers are increasingly adopting modern farming techniques and utilizing fertilisers to enhance soil fertility and crop yields. MAP, with its balanced nutrient composition and efficient nutrient uptake by plants, is preferred by farmers for various crops, including cereals, fruits, and vegetables.
In the food processing sector, mono ammonium phosphate is widely used as a leavening agent in baked goods such as bread, cakes, and pastries. As per the mono ammonium phosphate market analysis, it helps in the release of carbon dioxide gas during baking, resulting in the expansion and lightening of dough, thereby imparting desirable texture and volume to baked products. Moreover, MAP serves as a buffering agent, controlling pH levels in food products and enhancing their shelf life and stability.
The chemical manufacturing sector is another significant consumer of mono ammonium phosphate, which it is used in the production of flame retardants for plastics, textiles, and wood products. MAP-based flame retardants act as additives that inhibit or suppress the combustion process, reducing the risk of fire and limiting the spread of flames. As per the mono ammonium phosphate market outlook, mono ammonium phosphate is employed in water treatment applications for its ability to precipitate heavy metals and control algae growth in water bodies.
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The global agriculture sector is under pressure to increase productivity and feed a growing population. As a result, there is a rising demand for fertilizers such as mono ammonium phosphate, which provide essential nutrients to crops and improve soil fertility. Farmers are adopting precision agriculture practices and utilising advanced fertilisers to optimise nutrient management and achieve higher crop yields, which aids the mono ammonium phosphate market expansion.
The shift towards urbanisation, changing consumer lifestyles, and increasing disposable incomes are driving the demand for processed and convenience foods worldwide. Mono ammonium phosphate plays a crucial role in the food processing sector as a leavening agent and pH regulator, enabling the production of a wide range of bakery and snack products with desired texture, taste, and shelf stability, further boosting the mono ammonium phosphate market share.
The chemical sector is experiencing growth due to rising industrialisation, infrastructure development, and technological advancements. Mono ammonium phosphate is used in the chemical manufacturing sector for the production of flame retardants, which are essential for enhancing fire safety in various applications. The increasing focus on building safety standards and regulations is driving the demand for flame retardant materials, thereby boosting the consumption of MAP.
With growing concerns about water pollution and environmental degradation, there is a heightened focus on water treatment and remediation solutions in the mono ammonium phosphate market worldwide. Mono ammonium phosphate is utilised in water treatment processes for its ability to remove heavy metals, control algae growth, and improve water quality.
Mono Ammonium Phosphate Market Segmentation
The market can be divided based on application and region.
Market Breakup by Application
- Fertilizers
- Industrial
- Feed
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global mono ammonium phosphate market. Some of the major players explored in the report by Expert Market Research are as follows:
- Haifa Group
- ICL Group Ltd.
- Nutrien Ltd.
- Prayon S.A
- Sichuan Blue Sword Chemical (Group) Co. Ltd
- Wuhan Waking Lion Chemicals Co., Ltd
- Others
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