Global Ammonium Phosphate Market
Ammonium Phosphate Market Size And Forecast
According To Verified Market Research, Global Ammonium Phosphate Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2019 to 2026.
Global Ammonium Phosphate Market Outlook
Increasing demand for better yield from limited arable land to provide food for the growing population is the major factor expected to fuel the growth of the global ammonium phosphate market. Moreover, increasing demand for the product as a flame retardant in various industries for safety measurements is further expected to propel the market growth. Furthermore, the surging demand as a yeast nutrient in winemaking and brewing and for purifying sugar is also responsible to stimulate the market growth. However, the toxic effects of overfertilization with inorganic fertilizers containing ammonium phosphate that might hinder the market growth.
Global Ammonium Phosphate Market Competitive Landscape
The Global Ammonium Phosphate Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Lanxess AG, Jordan Phosphate Mines Company, Solvay S.A., Maaden-Saudi Arabian Mining Company, OCP SA, Yuntianhua Group Company Limited, Prayon SA, CF Industries Holdings, Inc., Yidu Xingfa Chemicals Company Limited, Chemische Fabrik Budenheim KG.
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