Market Forecast By Type (Mono-Ammonium Phosphate (MAP), Di-Ammonium Phosphate (DAP), Ammonium Polyphosphate), By Application (Fertilizer, Animal Feed, Flame-Retardant, Water Treatment, Food & Beverages, others) And Competitive Landscape
|Product Code: ETC095500||Publication Date: Sep 2022||Updated Date: Nov 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
China Ammonium Phosphate Market registered a growth of 1114.36% in value shipments in 2022 as compared to 2021 and a decrease of -64.77% CAGR in 2022 over a period of 2017. In Ammonium Phosphate Market China is becoming more competitive as the HHI index in 2022 was 9132 while in 2017 it was 9979. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
China has reportedly relied more on domestic production to meet its growing demand in Ammonium Phosphate Market. China is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Ammonium Phosphate Market in 2022 was 0 while in 2017 it was 0.01. Kazakhstan, Japan, Germany, Russian Federation and Italy were among the top players of the market in 2022, where Kazakhstan acquired the largest market share of 95.47% with a shipment value of 0.22 million USD in 2022 Kazakhstan also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Ammonium Phosphate Market. In 2017 Kazakhstan had the largest market share of 99.9% with the shipment value of 10.11 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Kazakhstan price is lower than the average price, it provided a significant edge among other competitor in 2017.
China is the largest producer of ammonium phosphate in the world. It is mainly used for fertilizers and as a raw material in the production of nitrogenous fertilizers. China's demand for fertilizer has been increasing, which has been a major driver for growth in China's ammonium phosphate market. Additionally, players are adopting innovative growth strategy in the market and are focusing on the evolving market dynamics to enhance their share in the China Ammonium Phosphate industry.
According to 6Wresearch, the China Ammonium Phosphate Market size is likely to witness growth during 2022-2028. The growth of the market is driven by factors such as the increasing demand for fertilizers in China, the growing population and the increasing disposable incomes. However, the high cost of production and strict environmental regulations acts as a hurdle towards the growth of the market. Additionally, the Chinese government has been investing heavily in the agricultural sector. This factor has led to an amplified use of fertilizers, including ammonium phosphate. Further, the government has also introduced policies to encourage the use of ammonium phosphate. For example, the government offers subsidies to farmers who use ammonium phosphate. The increased demand for ammonium phosphate has led to an increase in production.
|China Ammonium Phosphate Market|
In terms of end user, the country's agriculture sector is the largest end user of ammonium phosphate (AP), accounting for majority of the market share in China. AP is used as a fertilizer in agriculture, as it is a source of both nitrogen and phosphorus. Additionally, the construction sector is another major end user of AP, accounting for around 30% of total demand in 2018. AP is used in construction as a raw material for making phosphoric acid, which is a key ingredient in various construction materials such as concrete and mortar.
On the basis of type, the market is segmented into monoammonium phosphate (MAP), diammonium phosphate (DAP) and Ammonium Polyphosphate. Ammonium phosphate is a type of fertilizer that is made from ammonia and phosphate. It is used to improve the yield of crops.
The outbreak of Corona virus pandemic has resulted in a slowdown in the growth of the market. Lockdown were imposed throughout the country which resulted in halt in the production process. The entire supply chain was disrupted. However, the market growth has gained momentum in recent years and this development is likely to continue in upcoming years.
Major key players operating in the China ammonium phosphate market are:
The report provides a comprehensive study of the subsequent market segments:
|1 Executive Summary|
|2.1 Key Highlights of the Report|
|2.2 Report Description|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3 China Ammonium Phosphate Market Overview|
|3.1 China Country Macro Economic Indicators|
|3.2 China Ammonium Phosphate Market Revenues & Volume, 2021 & 2028F|
|3.3 China Ammonium Phosphate Market - Industry Life Cycle|
|3.4 China Ammonium Phosphate Market - Porter's Five Forces|
|3.5 China Ammonium Phosphate Market Revenues & Volume Share, By Type, 2021 & 2028F|
|3.6 China Ammonium Phosphate Market Revenues & Volume Share, By Application, 2021 & 2028F|
|4 China Ammonium Phosphate Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5 China Ammonium Phosphate Market Trends|
|6 China Ammonium Phosphate Market, By Types|
|6.1 China Ammonium Phosphate Market, By Type|
|6.1.1 Overview and Analysis|
|6.1.2 China Ammonium Phosphate Market Revenues & Volume, By Type, 2018-2028F|
|6.1.3 China Ammonium Phosphate Market Revenues & Volume, By Mono-Ammonium Phosphate (MAP), 2018-2028F|
|6.1.4 China Ammonium Phosphate Market Revenues & Volume, By Di-Ammonium Phosphate (DAP), 2018-2028F|
|6.1.5 China Ammonium Phosphate Market Revenues & Volume, By Ammonium Polyphosphate, 2018-2028F|
|6.2 China Ammonium Phosphate Market, By Application|
|6.2.1 Overview and Analysis|
|6.2.2 China Ammonium Phosphate Market Revenues & Volume, By Fertilizer, 2018-2028F|
|6.2.3 China Ammonium Phosphate Market Revenues & Volume, By Animal Feed, 2018-2028F|
|6.2.4 China Ammonium Phosphate Market Revenues & Volume, By Flame-Retardant, 2018-2028F|
|6.2.5 China Ammonium Phosphate Market Revenues & Volume, By Water Treatment, 2018-2028F|
|6.2.6 China Ammonium Phosphate Market Revenues & Volume, By Food & Beverages, 2018-2028F|
|6.2.7 China Ammonium Phosphate Market Revenues & Volume, By others, 2018-2028F|
|7 China Ammonium Phosphate Market Import-Export Trade Statistics|
|7.1 China Ammonium Phosphate Market Export to Major Countries|
|7.2 China Ammonium Phosphate Market Imports from Major Countries|
|8 China Ammonium Phosphate Market Key Performance Indicators|
|9 China Ammonium Phosphate Market - Opportunity Assessment|
|9.1 China Ammonium Phosphate Market Opportunity Assessment, By Type, 2021 & 2028F|
|9.2 China Ammonium Phosphate Market Opportunity Assessment, By Application, 2021 & 2028F|
|10 China Ammonium Phosphate Market - Competitive Landscape|
|10.1 China Ammonium Phosphate Market Revenue Share, By Companies, 2021|
|10.2 China Ammonium Phosphate Market Competitive Benchmarking, By Operating and Technical Parameters|
|11 Company Profiles|