Diammonium hydrogen phosphate (DAP)
is a type of water-soluble chemical salt that releases ammonia and phosphoric
acid and thus acts as a source of nitrogen and phosphates. This ammonia and
phosphate released on reaction with water can temporarily increase the pH and
make the solution alkaline. Due to this property and the release of
nitrogen and phosphates, DAP finds utility in the fertilizers industry. These
released chemicals are also the additives that provide necessary nutrients to
yeast for its sustained fermentation. Therefore, DAP is also an important
additive in the wine making and brewing industry. However, a majority of the
demand arises from the fertilizer sector.
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DAP as a chemical salt is used in
many industries and the market for DAP can be segmented according to its
applications into fertilizers, wine making or brewing, fire retardant, metal
industry (as flux), and in the food industry (yeast nutrient). However, the
most important one of all these applications is in the fertilizers industry
which forms the major chunk of the phosphate fertilizers market.
DAP fertilizer is mostly used for
cotton, paddy, peanut, broomcorn, and vegetable crops; hence, the demand is
dependent on the production of these crops. The next major application is seen
in the wine industry and yeast industry. DAP is required in small amounts
along with yeast, however, the volume of wine production globally and its
increasing demand make the application significant. Africa is the largest
producer of wine; however, France is the biggest consumer and the top 10
countries account for 85% of the production.
According to geography, the DAP
fertilizer industry can be segmented into East Asia, North America, Latin
America, South Asia, Europe and Central Asia, Africa, and the Rest of the
World. DAP fertilizer production is highest in the East Asian region due to
high growth of agricultural and allied sectors in China. It is followed by
North America, South Asia, and Africa. Exports are also in line with the
production. However, demand is high in the South Asian region and hence they
are the major importers. The global market for DAP fertilizers is driven by
high consumption in developing countries of South Asia and Latin America, such
as, India, Sri Lanka, Brazil, and Mexico due to greater food
requirements.
The consumption is declining in
North America and other developed regions due to the development of
ecologically better substitutes and agricultural practices. However, leading
importer countries are seeking to cut down their import and increase local
capacities. Nevertheless, South Asia and Latin America represent potentially
the most attractive markets driven by a high development rate in China, India,
Vietnam, Sri Lanka, and Brazil. Similarly, the wine market will also see growth
during the period driven by increasing consumption owing to rising purchasing
power of middle class and health benefit considerations. However, specific
government regulations on alcoholic manufacture or trade may potentially pose a
challenge to the growth in the region.
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Some of the major players in this
industry are: Bunge Ltd., Saudi Basic industries, corporation, China Blue
Chemicals Ltd., CJSC PhosAgro AG, and Chuanxi Xingda Chemical Co. Ltd. while
the wine making market leaders include E&J Gallo winery, Concha y Toro,
Casella Wines, and Constellation Wines among others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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