Kenneth Research has evaluated the current market opportunities in Ammonium Phosphate Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Ammonium Phosphate Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
As per the latest report published by Variant Market Research, Global Ammonium Phosphate Market is estimated to reach $49.3 billion by 2024; growing at a CAGR of 3.8% from 2016 to 2024. Ammonium phosphates are having various uses such as additive to various animal feed and in various industries such as metal finishing chemicals, water treatment chemicals, food & beverage, fertilizer, and flame retardant. With rapidly growing these end-use industries, it is expected to witness the growth of the ammonium phosphates market over the forecasted period. These are produced by many manufacturing companies in several forms such as mono-ammonium phosphate (MAP), di-ammonium phosphate (DAP) & ammonium polyphosphate. Increasing investment by major key agriculture driven countries of the world and its increasing usage in animal feed & in several other industrial applications boost the growth of the market in coming years.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Major factors driving the global ammonium phosphate market are numerous industrial applications of ammonium phosphates, growing demand of flame retardants, growing demand of fertilizers in agriculture-driven countries of the world, and rising investment by key agriculture-driven countries. However, stringent guidelines against the usage of chemical fertilizers may hamper the market growth. Furthermore, advancement of formulations for effective techniques, and growing agriculture sector would unfold with numerous growth opportunities in the forecasted year.
Major segments of the global ammonium phosphate market are type, application, and geography. Type segment comprises mono-ammonium phosphate (MAP), di-ammonium phosphate (DAP), and ammonium polyphosphate. Moreover, by application, market is categorized as fertilizer, food & beverages, flame retardant, water treatment chemicals, and other applications
Geographically, global ammonium phosphate market is categorized into North America, Europe, Asia Pacific, Rest of the World (RoW) North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, Thailand, Australia, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key market players operating in the market are OCP SA, CF Industries Holdings, Inc., Lanxess AG, Solvay S.A., Prayon SA, Ma’aden-Saudi Arabian Mining Company, Jordan Phosphate Mines Company, United Phosphorus Limited Potash Corp. of Saskatchewan Inc., Innophos Holdings Inc., and Yara International ASA, among others.
The key takeaways from the report
The report will provide detailed analysis of Ammonium Phosphate Market with respect to major segments such as type, and application
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
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Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Ammonium Phosphate Market has been included in the report
Profile of the key players in the Ammonium Phosphate Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Ammonium Phosphate Market:
Type Segments
Mono-Ammonium Phosphate (MAP)
Di-Ammonium Phosphate (DAP)
Ammonium Polyphosphate
Application Segments
Fertilizer
Flame Retardant
Water Treatment Chemicals
Food & Beverages
Other Applications
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Thailand
Australia
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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