AMMONIUM PHOSPHATES MARKET ANALYSIS

Regional Analysis

Regional Outlook

Asia Pacific is anticipated to hold the major share in the ammonium phosphates market during the forecast period, owing to the rising demand for ammonium phosphates from China, Pakistan, India, and South East Asian countries for its application in agriculture as fertilizers. The economies are the major consumers of the ammonium phosphates. According to the Ministry of Chemicals and Fertilizers, in India, the demand for NP/NPKs fertilizers including urea ammonium phosphates, ammonium phosphates sulphate and others in 2016, increased to 11420 tons from 10577 tons in 2013.

North America is expected to witness significant share in the market over the forecast period, owing to prominent utilization of ammonium phosphates in the crops such as corns and soybean, particularly in the U.S. Corns and soybean are the highest produced crops in the U.S. Ammonium phosphates facilitates phosphorus and nitrogen, which are considered vital for the proper growth of the crops. According to the United States Department of Agriculture, in 2017, Corn yield in the U.S. was estimated at a record high 176.6 bushels per acre and soybean production was recorded at 4.39 billion bushels in 2017.

Geographies Covered:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa