Ammonium Phosphates Market Share, Size: 2022, Future Demand, Global Research, Competitive Analysis, Developing Trends

Posted by Pearl Smith on November 17th, 2022

The significant amount of elemental nitrogen found in ammonium phosphate makes it a common ingredient in fertilisers. In TP formulations, it is also used as a flame retardant. The salt derivative of ammonia and phosphoric acid is ammonium phosphate. A significant source of elemental nitrogen utilised as a component in some fertilisers is ammonium phosphate. This serves as a flame retardant in thermoplastic compositions as well.

Key players involved in the Ammonium Phosphates market are United Phosphorus Limited Potash Corp. of Saskatchewan Inc., Jordan Phosphate Mines Company, Mosaic Co, Yara International, Yuntianhua Group Company Limited, Haifa Chemical, Coromandel, CF Industries Holdings, PotashCorp, Israel Chemical Ltd (ICL), Lanxess AG, and others.

The global market for ammonium phosphates is anticipated to expand as a result of rising demand for fertilisers and animal feed. For instance, one billion tonnes of feed are produced annually worldwide, according to IFIF. Global demand for food and food products, as well as an ageing population, are predicted to drive market expansion for ammonium phosphates. For instance, it is predicted that there will be 8 billion people on the planet.

https://chemicalindustryworld.blogspot.com/2022/11/increasing-demand-for-animal-feed-and.html

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Pearl Smith

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Pearl Smith
Joined: September 27th, 2022
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