Global Diammonium Phosphate Market 2019-2023 | 2% CAGR Projection Through 2023 | Technavio




The global diammonium phosphate market is expected to post a CAGR of more than 2% during the period 2019-2023, according to the latest market research report by Technavio.
Rising global population has affected the balance between population and the available arable land, leading to food security concerns and agricultural development. The demand for food is compelling end-users in the agricultural sector to increase the use of phosphate fertilizers to enhance crop yield. These factors are crucial in driving the growth of the global diammonium phosphate market.
As per Technavio, the rising demand for fertilizers in biofuel production will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.
Download the free sample report @ https://bit.ly/3ac18IU

Global Diammonium Phosphate Market: Rising Demand for Fertilizers in Biofuel Production
Growing concerns over the environment and energy security have compelled the US and many European governments to implement stringent regulations pertaining to greenhouse gas emissions from conventional petrochemical-based fuels. Also, the declining number of fossil fuel reservoirs has increased the demand for biofuels. Phosphate fertilizers are considered as a potential feedstock for first-generation biofuel technologies. These factors are expected to drive the need for inorganic fertilizers, including diammonium phosphate during the forecast period.
“Developments in diammonium phosphate production and capacity expansions will further boost market growth during the forecast period,” says a senior analyst at Technavio.
Global Diammonium Phosphate Market: Segmentation Analysis
This market report segments the global diammonium phosphate market by application (fertilizers, flame retardants, food and beverage, and others) and geography (Americas, APAC, and EMEA).
The APAC region led the market in 2018, followed by the Americas and EMEA, respectively. During the forecast period, the APAC region is expected to maintain its dominance over the market. This is due to the rising demand for crops and the evolution of the fertilizer subsidy regimes.
The APAC region led the market in 2018, followed by the Americas and EMEA, respectively. During the forecast period, the APAC region is expected to maintain its dominance over the market. This is due to the rising demand for crops and the evolution of the fertilizer subsidy regimes.
Some of the key topics covered in the report include:
Market Landscape
·         Market ecosystem
·         Market characteristics
·         Market segmentation analysis
Market Sizing
·         Market definition
·         Market size and forecast
Five Forces Analysis
Market Segmentation
Customer Landscape
Geographical Segmentation
·         Geographic comparison
·         Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
·         Landscape disruption
·         Competitive scenario
Vendor Analysis
·         Vendors covered
·         Vendor classification
·         Market positioning of vendors

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Website: https://www.technavio.com/

Comments

Post a Comment

Popular posts from this blog

How Technology Will Continue to Shape the Trade Finance Market

Image
The global trade finance market size is expected to grow by USD 8.47 billion during 2018-2022. Technavio’s market research report offers a complete analysis of the market based on trade finance instrument (traditional trade finance instruments, supply chain finance, and structured trade finance) and geography (the Americas, APAC, and EMEA). The trade finance market research the report analyses the market’s competitive landscape and offers information on several companies including BNP Paribas, Citigroup, HSBC Group, JPMorgan Chase, and Wells Fargo. Download the Free Sample Report Because of the undergone changes in the trade finance market in the past few years direct results of several different factors, including changes in regulations, corporate behavior, and increased competition. The largest impact on the market has come from headways in technology. Technology integration into trade finance has streamlined processes, improve relationships between banks and financ...
Read more

Liquid Silicone Rubber Market – Latest Insights on Forecast and Analysis 2020-2024

Image
The liquid silicone rubber market size has the potential to grow by USD 715.78 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Market Competitive Analysis The market is concentrated, and the vendors in this marketspace mainly compete based on factors such as the cost of production, innovation in products, price, operational cost, R&D cost, and product quality. Focusing on increasing their product portfolio, liquid silicone rubber suppliers are increasingly investing in R&D activities. CHT Group, Elkem ASA, and KC Co. Ltd. are some of the major market participants. Although the rising demand for lightweight materials in the automotive industry will offer immense growth opportunities, the fluctuation in raw material prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth pro...
Read more

Scented Candles Market – Top Insights on The Latest Trends

Image
The  scented candles market  size has the potential to grow by USD 1816.06 mn during 2020-2024 Market Competitive Analysis The market is fragmented. Bolsius International BV, Diptyque SAS, Godrej Consumer Products Ltd., NEST Fragrances, Newell Brands Inc., Reckitt Benckiser Group Plc, S.C. Johnson & Son Inc., ScentAir Technologies LLC, The Bridgewater Candle Co., and The Procter & Gamble Co. are some of the major market participants. Factors such as increasing investment in household interiors, growing home décor market, and diversified product portfolio of key vendors will offer immense growth opportunities. However, stiff competition from the unorganized sector, emission of toxic fumes, and criticality of inventory management and product sourcing may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing ...
Read more