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Pharmacy benefit management market
Ammonium Polyphosphate Market Report Overview
The global ammonium polyphosphate market size was USD 1912.6 million in 2022 and market is projected to touch USD 3286.4 million by 2031, at a compound annual growth rate (CAGR) of 6.2% during the forecast period.
The chains of ammonium polyphosphate (APP) contain polyphosphoric acid and ammonia which is basically an inorganic flame retardant. APP is a polymeric molecule that can be linear or branched and has different levels of polymerization (n). While APP with longer chains (n > 1000, crystalline form II) exhibits very poor aqueous solubility (0.1 g/100 mL), it is typically water-soluble or water-responsive (n 100, crystalline form I). The degree to which components are processed has a significant impact on the use of APP as a flame retardant. The char may occur when APP is introduced to a polymeric substance that contains oxygen and/or nitrogen components.
APP finds wide use as a flame retardant in a wide range of products, including paints and coatings as well as a number of polymers with long chains with a distinctive crystallinity (Form II). Polyolefins, in specific polypropylene, are among the most significant of these, and APP is a component of intumescent systems. In, it is explained how to combine polypropylene with APP-based flame retardants. Additional applications for APP include thermosets, including unsaturated polyesters and gel coatings (where it combines with synergists), epoxies, and polyurethane castings (intumescent systems). Such broader uses for ammonium polyphosphate are expected to boost the market.
COVID-19 Impact: Market Growth Hampered Due To Supply Chain Constraints
The unprecedented nature of the pandemic altered the rhythm of the society. Businesses were shut, production activities were stopped to a large extent. Countries closed their economy and borders, lockdowns were imposed, mobility was restricted. In such extreme times, the market for ammonium polyphosphate too was hampered. As the economies were closed, the global supply chain was severely restricted, as a result this harmed the market growth of ammonium polyphosphate.
Latest Trends
"Rising Demand For Ammonium Polyphosphate To Contribute In The Market Growth"
A non-reactive, thermally stable inorganic salt of polyphosphoric acid and ammonia is characterized as ammonium polyphosphate (Phase II). It possesses a non-volatile nature and is stable up to a temperature of around 3000 C, unlike ammonium polyphosphate (Phase I). Due to its efficacy, it is one of the most often used non-halogen fire retardants for commercial purposes. When subjected to fire or heat, it breaks down into non-hazardous polymeric acid and ammonia. The expandable fireproof coating is a popular application for it. A significant factor driving the expansion of the ammonium polyphosphate market share during the forecast period is the rising demand from the chemical industry globally.
Ammonium Polyphosphate Market Segmentation
- By Type Analysis
According to type, the market can be segmented into APPI, APP II and others. [mention the leading segment from the link provided]. Note: don’t disclose the % share of the region.
- By Application Analysis
Based on application, the market can be divided into Liquid Fertilizer Industry, Flame Retardant Industry and others. [mention dominating segment from the link provided]. Note: don’t disclose the % share of the region.
Driving Factors
"Growing Need For Fertilizers To Increase The Market Demand"
Ammonium polyphosphate is undertaken as a fertilizer and as an emulsifier in food additives. Farmers still favour chemical substances for increased yield and plant development that is steady and healthy. The demand for agricultural products has increased significantly as a result of the Agri-based sector's tremendous growth, which has encouraged farmers to increase the productivity of their farms and produce higher-quality yields. Application of ammonium polyphosphate in agriculture is crucial toward achieving this objective and is intended to increase the market for ammonium polyphosphate.
"Widespread Use As Flame Retardant To Rise The Market Size"
Ammonium polyphosphate's wide application as a flame retardant is the main factor driving the global demand for this salt. The usage of ammonium polyphosphate on an industrial scale for safety reasons in case of an unintentional fire in a flammable environment because it is flame retardant is expected to increase demand for ammonium polyphosphate on a global scale. The industry's increased acceptance of ammonium polyphosphate as a flame retardant is anticipated to boost its market.
Restraining Factors
"Toxicity Of The Ammonium Polyphosphate To Harm The Market Growth"
Ammonium polyphosphate is becoming extensively used as fertilizer in agricultural economies around the world, including India. This is expected to lead to more regular direct contact with it, which is detrimental to the human body. Public aversion to inorganic chemicals is expanding as a result of rising consumer understanding of their toxicity. Thereby resulting in a decrease in ammonium polyphosphate demand which will have a detrimental impact on the industry's expansion.
Ammonium Polyphosphate Market Regional Insights
"Asia Pacific To Dominate Due To Its Large Chemical Industries"
The global market is divided into the regions of North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa for ammonium polyphosphate. Among these regions, the Asia Pacific is the largest manufacturer of industrial chemicals. As a result, the region is the top producer of ammonium polyphosphate, and it is predicted that it will continue to dominate the ammonium polyphosphate market. During the forecast period, it is anticipated after the Asia Pacific, the North America region would expand above the average rate.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Clariant (Switzerland)
- Perimeter Solutions (U.S.)
- Nutrien (Canada)
- JLS Chemical (Russia)
- Budenheim (Germany)
- Plant Food Company (U.S.)
- Sanwa Flame Retardant Technology (China)
- Jingdong Chemical (China)
- Kingssun Group (China)
- Lanyang Chemical (China)
- Zhejiang Longyou GD Chemical (China)
- Shian Chem (China)
- Chuanhong Phosphorus Chemical (China)
- Changfeng Chemical (China)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1912.6 Million in 2022 |
Market Size Value By |
US$ 3286.4 Million by 2031 |
Growth Rate |
CAGR of 6.2% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
global |
Segments Covered |
Type & Application |
Frequently Asked Questions
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What value is the global ammonium polyphosphate market expected to touch by 2031?
The global ammonium polyphosphate market is expected to touch USD 3286.4 million by 2031.
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What CAGR is the ammonium polyphosphate market expected to exhibit during 2031?
The ammonium polyphosphate market is expected to exhibit a CAGR of 6.2% over 2031.
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Which are the driving factors of the ammonium polyphosphate market?
The driving factors of the market are its growing need for fertilizers and its widespread use as flame retardant.
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Which are the top companies operating in the ammonium polyphosphate market?
Some of the top companies operating in the market are Clariant (Switzerland), Perimeter Solutions (U.S.), Nutrien (Canada), JLS Chemical (Russia), and Budenheim (Germany)