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Potassium Dihydrogen Phosphate Market

Potassium Dihydrogen Phosphate Market: Global Industry Analysis and Forecast 2016 - 2024

Potassium Dihydrogen Phosphate Market Segmented By application industry such as Fungicide, Food additive, Photo-optic, Nutrition with grades such as Technical Grade and Food Grade

Potassium dihydrogen phosphate Marke: Overview

Potassium dihydrogen phosphate, also termed as Potassium phosphate monobasic is water soluble crystalline white powder obtained by treating potassium carbonate with phosphoric acid. Its molecular formula is KH2PO4.  One of the prominent areas of application for potassium dihydrogen phosphate is use as agrochemical - fertilizer wherein it acts as a source of vital elements such as potassium and phosphorus.

Some of the crops that are commonly treated with potassium dihydrogen phosphate based fertilizers include cotton, tobacco, corn, soy bean, and vegetables among others. It also finds application in K and P compound fertilizers that find a wide application across key geographies. Its relatively higher purity and its solubility in water render it ideal for use on a variety of crops across growth cycles.

Besides its use in agrochemicals related applications, potassium dihydrogen phosphate finds variety of applications in food & beverages industry. It is used as a buffer, chelating agent, yeast active agent, antioxidant & emulsifying agent and stabilizer, among others. Potassium dihydrogen phosphate helps stabilize, regulate the acidity and moisture in food. Owing to its optical properties, potassium dihydrogen phosphate crystals also finds application in opto-electronics. They are used as commercial non-linear optics materials because of strong UV Transmission ability.

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Potassium dihydrogen phosphate Market: Dynamics

A source of potassium and phosphorus is essential for a variety of crops across their growth cycles especially during the initial phase. Relatively lower acidity and versatility as regards application methods and growth cycles are some of the factors that are likely to drive growth of global potassium dihydrogen phosphate market during forecast period. Moreover, the ability of potassium dihydrogen phosphate based fertilizers to be used along with some of the other conventionally used fertilizers is another factor that is expected to drive the growth in demand over the forecast period.

Also, increasing demand from food industry is expected to help propel global potassium dihydrogen phosphate market during forecast period. Increasing demand for processed and preserved foods is expected to fuel the demand for food additive such as potassium dihydrogen phosphate over forecast period.

Use of potassium phosphate in treatment of dietary disorders associated with low phosphate level is expected to further fuel growth in consumption of potassium dihydrogen phosphate during the same period. On the other hand, relatively higher price as compared to that of some of the conventionally used fertilizers is in turn likely to act as an impediment to growth of global potassium dihydrogen phosphate market over forecast period.

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Potassium dihydrogen phosphate Market: Segmentation

basis of end-use industry
  • Agrochemical
  • Food & beverages
  • Chemicals
  • Opto-Electronics
  • Others
basis of application industry
  • Fungicide
  • Food additive
  • Photo-optic
  • Nutrition
  • Others
depending on the grades
  • Technical Grade
  • Food Grade
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Global Potassium dihydrogen phosphate Market: Region-wise Outlook

Global Potassium dihydrogen phosphate market is divided into seven key regions namely Asia-Pacific, Western Europe, Eastern Europe, Middle East & Africa, Japan, North America and Latin America. Consumption of dihydrogen phosphate in Asia-Pacific region, spearheaded by countries such as China and India, is expected to exhibit relatively faster growth over the forecast period as compared to that in North America and Europe. Efforts towards improving quality and yield are expected to gain momentum in the region.

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Potassium dihydrogen phosphate Market: Market Players

Some of the companies that operate in global Potassium dihydrogen phosphate Market include Haifa Group, Guizhou Lvyin Biotech Co., Ltd., Sichuan Shucan Chemical Co., Ltd., Annexe Chem Pvt. Ltd., Jena Bioscience GmbH, Xuzhou Tianchang Chemical Co., Ltd., Gamdan Optics., Changsha Green Mountain Chemical Co., Ltd. Wengfu Dazhou Chemical Co., Ltd., among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

Regional analysis includes:

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern Europe
  • Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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