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Potassium Dihydrogen Phosphate Market

Global Potassium Dihydrogen Phosphate Market Size, Share: By Application: Fungicide, Buffering Agent, Food Additive, Photo-Optic, Nutrition, Others; By End Use: Agriculture, Food and Beverages, Chemicals, Pharmaceuticals, Opto-Electronics Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

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 2024-2032.

 

Potassium Dihydrogen Phosphate Market

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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.

 

Potassium Dihydrogen Phosphate Market by Application

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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.

 

Potassium Dihydrogen Phosphate Market by Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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    Opportunities and Challenges in the Market
8    Global Potassium Dihydrogen Phosphate Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Potassium Dihydrogen Phosphate Historical Market (2018-2023) 
    8.3    Global Potassium Dihydrogen Phosphate Market Forecast (2024-2032)
    8.4    Global Potassium Dihydrogen Phosphate Market by Application
        8.4.1    Fungicide
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Buffering Agent
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Food Additive
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Photo-Optic
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Nutrition
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Potassium Dihydrogen Phosphate Market by End Use
        8.5.1    Agriculture
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Food and Beverages
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Chemicals
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Pharmaceuticals
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Opto-Electronics
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Potassium Dihydrogen Phosphate Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Potassium Dihydrogen Phosphate Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Potassium Dihydrogen Phosphate Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Potassium Dihydrogen Phosphate Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Potassium Dihydrogen Phosphate Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Potassium Dihydrogen Phosphate Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis

    16.1    North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.2    Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.3    Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.4    Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.5    Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Haifa Group
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Sichuan Shucan Chemical Co., Ltd.
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Annexe Chem Pvt. Ltd.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    M.M.Arochem Pvt Ltd
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Changsha Green Mountain Chemical Co., Ltd.
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market

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 2032
2.    Global Potassium Dihydrogen Phosphate Historical Market: Breakup by Application (USD Billion), 2018-2023
3.    Global Potassium Dihydrogen Phosphate Market Forecast: Breakup by Application (USD Billion), 2024-2032
4.    Global Potassium Dihydrogen Phosphate Historical Market: Breakup by End Use (USD Billion), 2018-2023
5.    Global Potassium Dihydrogen Phosphate Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6.    Global Potassium Dihydrogen Phosphate Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Potassium Dihydrogen Phosphate Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Potassium Dihydrogen Phosphate Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Potassium Dihydrogen Phosphate Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Potassium Dihydrogen Phosphate Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Potassium Dihydrogen Phosphate Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Potassium Dihydrogen Phosphate Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Potassium Dihydrogen Phosphate Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Potassium Dihydrogen Phosphate Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Potassium Dihydrogen Phosphate Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Potassium Dihydrogen Phosphate Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Potassium Dihydrogen Phosphate Market Forecast: Breakup by Country (USD Billion), 2024-2032
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 2024 and 2032.

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 2024-2032, 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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