Increasing Demand For Animal Feed And Fertilizers To Boost Ammonium Phosphates Market Growth
Ammonium phosphate is utilized as a component in few fertilizers as a high source of elemental nitrogen. It is also utilized as a flame retardant in TP compositions. Ammonium phosphate is the salt derivative of ammonia and phosphoric acid. Ammonium phosphate is a high source of elemental nitrogen used as an ingredient in certain fertilizers. This is also used in thermoplastic formulations as a flame retardant. 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. Increasing demand for animal feed and fertilizers is expected to augment the growth of global Ammonium Phosphates market. For instance as per IFIF, one billion tonnes feed is produced yearly globally. Rising geriatric population and rising food and food