AMMONIUM PHOSPHATES MARKET ANALYSIS
Market Dynamics
Rising demand from fertilizers and animal feed industry across the globe is driving ammonium phosphates market growth. According to the Food and Agriculture Organization of the United States, in 2017, the demand for fertilizer nutrient use including nitrogen, phosphates, and Potash raised to 190850 tons from 184017 tons in 2015, globally. As per the FAO, the estimated demand by 2020, is expected to be around 201663 tons at the global level. Furthermore, ammonium phosphates are used in fire control and flam-retardant in the industrial sector, which is expected to propel the ammonium phosphates market growth in near future.
Market- Trends
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