Ammonium Polyphosphate Market Size

Ammonium Polyphosphate Market size is expected to reach USD 4.5 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of ammonium polyphosphate was USD 2 Billion. The main factors driving market expansion are the growing emphasis on safety requirements and the rising demand for fire-resistant materials. A total of 1,504,500 fires in 2022 caused 13,250 injuries and 3,790 civilian deaths.

In addition, the market is anticipated to rise as a result of emerging nations' fast urbanization and infrastructure development initiatives. Additionally, new product developments and creative uses should present market participants with profitable prospects, thereby increasing demand overall.