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Global Potassium Dihydrogen Phosphate Market: By Application: Fungicide, Buffering Agent, Food Additive, Photo-Optic, Nutrition, Others; By End Use: Agriculture, Food and Beverages, Chemicals, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Potassium Dihydrogen Phosphate Market Outlook
The global potassium dihydrogen phosphate market is being aided by the fertilizer industry growth. The fertilizer market is expected to grow at a CAGR of 3% in the forecast period of 2023-2028.
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Growing Utilisation of Potassium Dihydrogen Phosphate in Various End-Use Sectors to Bolster the Market Growth
One of the major end-uses of potassium dihydrogen include the agricultural sector, wherein it is used as an agrochemical fertilizer. It can also be used with some other conventionally used fertilizers as it serves as a source of vital elements like potassium and phosphorus. Its increasing demand from the agricultural sector can be attributed to its relatively higher purity and its solubility in water, which makes it ideal for use across different growth cycles of a crop. Besides the agricultural sector, it finds various applications in the food and beverage industry. It is most commonly used as a buffering and chelating agent and stabiliser, among others, as it helps stabilise and regulate the acidity and moisture in food products. Further, it also finds applications in opto-electronics due to its optical properties.
Region-wise, the Asia Pacific is expected to witness a significant growth rate over the forecast period due to the introduction of favourable government initiatives to strengthen the agricultural sector in the region. Meanwhile, the growing demand for processed food products is also aiding the regional industry growth.
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Potassium Dihydrogen Phosphate: Market Segmentation
Potassium dihydrogen phosphate (KDP), also known as monopotassium phosphate (MKP), is a soluble salt of potassium and the dihydrogen phosphate ion. It is represented by the formula KH2PO4. It is commonly used in fertilizer mixtures as it is a good source of phosphorus and potassium. It is also used as a food additive and buffering agent together with dipotassium phosphate.
Based on application, the market is divided into:
- Fungicide
- Buffering Agent
- Food Additive
- Photo-Optic
- Nutrition
- Others
Based on end use, the industry can be segmented into:
- Agriculture
- Food and Beverages
- Chemicals
- Pharmaceuticals
- Opto-Electronics
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Thriving Food and Beverages Sector Coupled with the Growing Demand for Agrochemicals to Boost the Potassium Dihydrogen Phosphate Industry Growth
The growing global population is resulting in enhanced demand for food, thus, creating a need to strengthen the agricultural sector and improve crop yield. The adoption of modern farming methods and growing government initiatives to support the farmers are driving the demand for agrochemical products such as potassium dihydrogen phosphate, which is aiding the growth of the industry. The thriving food and beverage industry is expected to enhance the demand for potassium dihydrogen phosphate in the forecast period. The growing demand for processed and packaged food products among consumers is aiding the growth of the industry. This is further supported by the escalating disposable incomes, growing retail sector, and improving standards of living, particularly in the emerging nations. Owing to technological advancements, the opto-electronics sector is expected to witness new innovations and growth. This is expected to have a positive effect on the expansion of the global market for potassium dihydrogen phosphate.
Key Industry Players in the Global Potassium Dihydrogen Phosphate Market
The report gives a detailed analysis of the following key players in the global potassium dihydrogen phosphate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Haifa Group
- Sichuan Shucan Chemical Co., Ltd.
- Annexe Chem Pvt. Ltd.
- M.M.Arochem Pvt Ltd
- Changsha Green Mountain Chemical Co., Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, End Use, Region |
| Breakup by Application | Fungicide, Buffering Agent, Food Additive, Photo-Optic, Nutrition, Others |
| Breakup by End Use | Agriculture, Food and Beverages, Chemicals, Pharmaceuticals, Opto-Electronics, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Haifa Group, Sichuan Shucan Chemical Co., Ltd., Annexe Chem Pvt. Ltd., M.M.Arochem Pvt Ltd, Changsha Green Mountain Chemical Co., Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Potassium Dihydrogen Phosphate Market Analysis
8.1 Key Industry Highlights
8.2 Global Potassium Dihydrogen Phosphate Historical Market (2018-2022)
8.3 Global Potassium Dihydrogen Phosphate Market Forecast (2023-2028)
8.4 Global Potassium Dihydrogen Phosphate Market by Application
8.4.1 Fungicide
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Buffering Agent
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Food Additive
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Photo-Optic
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Nutrition
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Potassium Dihydrogen Phosphate Market by End Use
8.5.1 Agriculture
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Food and Beverages
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Chemicals
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Pharmaceuticals
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Opto-Electronics
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Potassium Dihydrogen Phosphate Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Haifa Group
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Sichuan Shucan Chemical Co., Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Annexe Chem Pvt. Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 M.M.Arochem Pvt Ltd
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Changsha Green Mountain Chemical Co., Ltd.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Potassium Dihydrogen Phosphate Market: Key Industry Highlights, 2018 and 2028
2. Global Potassium Dihydrogen Phosphate Historical Market: Breakup by Application (USD Billion), 2018-2022
3. Global Potassium Dihydrogen Phosphate Market Forecast: Breakup by Application (USD Billion), 2023-2028
4. Global Potassium Dihydrogen Phosphate Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Potassium Dihydrogen Phosphate Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Potassium Dihydrogen Phosphate Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Potassium Dihydrogen Phosphate Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Potassium Dihydrogen Phosphate Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Potassium Dihydrogen Phosphate Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Potassium Dihydrogen Phosphate Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Potassium Dihydrogen Phosphate Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Potassium Dihydrogen Phosphate Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Potassium Dihydrogen Phosphate Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Potassium Dihydrogen Phosphate Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Potassium Dihydrogen Phosphate Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Potassium Dihydrogen Phosphate Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Potassium Dihydrogen Phosphate Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Potassium Dihydrogen Phosphate Market Structure
Key Questions Answered in the Report
The global potassium dihydrogen phosphate market is being driven by the fertilizer industry, which is projected to grow at a CAGR of 3% between 2021 and 2026.
The major drivers of the industry, such as rising disposable incomes, increasing population, Rising applications of the product in the food and beverages industry, implementation of favourable government initiatives to promote the agricultural sector growth, and rising demand for processed food products, are expected to aid the market growth.
The key market trends guiding the growth of the market include the growing adoption of modern farming methods, favourable government initiatives, and rapid technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the market are fungicide, buffering agent, food additive, photo-optic, and nutrition, among others.
The significant end-use sectors in the industry are agriculture, food and beverages, chemicals, pharmaceuticals, and opto-electronics, among others.
The major players in the industry are Haifa Group, Sichuan Shucan Chemical Co., Ltd., Annexe Chem Pvt. Ltd., M.M.Arochem Pvt Ltd, and Changsha Green Mountain Chemical Co., Ltd., among others.
Analyst Review
The global potassium dihydrogen phosphate market is being driven by the rising food and fertilizer demand. The fertilizer market is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 3%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By application, the market is segmented into fungicide, buffering agent, food additive, photo-optic, and nutrition, among others. On the basis of end use, the industry is divided into agriculture, food and beverages, chemicals, pharmaceuticals, and opto-electronics, among others. The major regional markets for potassium dihydrogen phosphate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Haifa Group, Sichuan Shucan Chemical Co., Ltd., Annexe Chem Pvt. Ltd., M.M.Arochem Pvt Ltd, and Changsha Green Mountain Chemical Co., Ltd., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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