Market Overview:
The global potassium diformate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for potassium diformate from various applications such as pig feed, aquatic feed, beef cattle feed, and other applications. In terms of type, 98% potassium diformate is expected to dominate the market during the forecast period owing to its high purity and better performance as compared with 95% potassium diformate. North America is estimated to account for the largest share of the global potassium diformate market in 2018 followed by Europe and Asia Pacific.
Product Definition:
Potassium Diformate is a potassium salt of diformic acid. It is used as an agricultural fungicide and as a flame retardant.
98% Potassium Diformate:
Potassium Diformate is a potassium salt of difluoromethane. It has 98% of the chemical composition and is a clear, colorless liquid with an odor similar to that of garlic or rotten eggs. It has a strong tendency to form explosive mixtures with air. This can be dangerous in case it gets into the wrong hands and/or finds its way into environments where there are inflammable substances present (fuel, oil, etc.).
95% Potassium Diformate:
Potassium diformate is a potassium salt which has the formula K2O(sulfate)2. It is a white crystalline solid and very soluble in water, but quite insoluble in organic solvents. Potassium diformate has been traditionally used as an anti-caking agent for food products such as flour, sugar, and others where uniformity of product is important.
Application Insights:
Pig feed was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The product improves pig performance by increasing weight gain, decreasing mortality rate and improving feed efficiency. It also helps maintain a constant blood pH level which plays a major role in regulating metabolic processes within piglets.
The aquatic feed segment is expected to register the fastest CAGR of XX% from 2018 to 2030 owing to rising demand for potassium diformate-based products as they help promote fish growth through enhancing metabolism, reducing water hardness and increasing oxygen uptake by water bodies.
Regional Analysis:
North America was the largest market for potassium diformate and accounted for a revenue share of over 35.0% in 2017 owing to high demand from the pharmaceutical, food & beverage, and other industries. The U.S., in particular, is one of the major consumers as it is one of the top exporters of these products coupled with high product demand due to rising consumption patterns among individuals across age groups in this region are expected to drive growth during the forecast period.
Europe also held a significant market share followed by Asia Pacific on account that Europe’s GDP has been declining continuously since 2015 while APAC’s GDP has been growing steadily at around 6% per annum which makes APAC an attractive destination for investment especially when compared with developed regions such as Europe and North America; hence driving regional growth at a faster pace than global average over past few years.
Growth Factors:
- Increasing demand from end-use industries such as textiles, pulp and paper, and leather due to its excellent performance as a textile auxiliaries, sizing agent, and finishing agent.
- Rising demand for potassium diformate in water treatment applications owing to its ability to reduce hardness levels in water and improve the overall quality of water.
- Growing popularity of potassium diformate as a flocculant in wastewater treatment plants due to its high efficiency in sedimentation process.
- Increasing use of potassium diformate as an additive for concrete production owing to its ability to improve workability, strength, and durability of concrete products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Diformate Market Research Report
By Type
98% Potassium Diformate, 95% Potassium Diformate
By Application
Pig Feed, Aquatic Feed, Beef Cattle Feed, Other
By Companies
Sichuan Duking Biotech, Henan Botai, Chongqing Chuandong Chemical, Shandong E.FINE Pharmacy, Vishnupriya Chemicals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Diformate Market Report Segments:
The global Potassium Diformate market is segmented on the basis of:
Types
98% Potassium Diformate, 95% Potassium Diformate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pig Feed, Aquatic Feed, Beef Cattle Feed, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sichuan Duking Biotech
- Henan Botai
- Chongqing Chuandong Chemical
- Shandong E.FINE Pharmacy
- Vishnupriya Chemicals
Highlights of The Potassium Diformate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 98% Potassium Diformate
- 95% Potassium Diformate
- By Application:
- Pig Feed
- Aquatic Feed
- Beef Cattle Feed
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Potassium Diformate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Potassium diformate is a white, crystalline salt with the chemical formula K[(NH4)2]3O8. It is an alkaline earth metal compound that has been used in pharmaceuticals and as a food additive.
Some of the key players operating in the potassium diformate market are Sichuan Duking Biotech, Henan Botai, Chongqing Chuandong Chemical, Shandong E.FINE Pharmacy, Vishnupriya Chemicals.
The potassium diformate market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Potassium Diformate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Potassium Diformate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Potassium Diformate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Potassium Diformate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Potassium Diformate Market Size & Forecast, 2020-2028
4.5.1 Potassium Diformate Market Size and Y-o-Y Growth
4.5.2 Potassium Diformate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 98% Potassium Diformate
5.2.2 95% Potassium Diformate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pig Feed
6.2.2 Aquatic Feed
6.2.3 Beef Cattle Feed
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Potassium Diformate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Potassium Diformate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 98% Potassium Diformate
9.6.2 95% Potassium Diformate
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pig Feed
9.10.2 Aquatic Feed
9.10.3 Beef Cattle Feed
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 98% Potassium Diformate
10.6.2 95% Potassium Diformate
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pig Feed
10.10.2 Aquatic Feed
10.10.3 Beef Cattle Feed
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 98% Potassium Diformate
11.6.2 95% Potassium Diformate
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pig Feed
11.10.2 Aquatic Feed
11.10.3 Beef Cattle Feed
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 98% Potassium Diformate
12.6.2 95% Potassium Diformate
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pig Feed
12.10.2 Aquatic Feed
12.10.3 Beef Cattle Feed
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 98% Potassium Diformate
13.6.2 95% Potassium Diformate
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pig Feed
13.10.2 Aquatic Feed
13.10.3 Beef Cattle Feed
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Potassium Diformate Market: Competitive Dashboard
14.2 Global Potassium Diformate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sichuan Duking Biotech
14.3.2 Henan Botai
14.3.3 Chongqing Chuandong Chemical
14.3.4 Shandong E.FINE Pharmacy
14.3.5 Vishnupriya Chemicals
