Market Overview:
The global potassium dihydrogen phosphate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for potassium dihydrogen phosphate from various applications such as fungicide, food additive, photo-optic, nutrition and others. In addition, the growing population and rising income levels are also contributing to the growth of this market. However, factors such as volatility in prices of raw materials and stringent regulatory norms may restrain the growth of this market during the forecast period. On the basis of type, technical grade accounted for a major share of the global potassium dihydrogen phosphate market in 2017. This can be attributed to its widespread use in various applications across different regions.
Product Definition:
Potassium Dihydrogen phosphate is a white, odorless, and slightly bitter-tasting powder. It is soluble in water and insoluble in alcohol. Potassium dihydrogen phosphate is used as a food additive to stabilize and thicken foods.
Technical Grade:
Technical grade is a high purity form of potassium dihydrogen phosphate which has been processed to remove impurities. It is used in various end-use industries such as food & beverage, animal feed and chemical industry. The growth factor for the product’s demand in different end-use industries depends on the quality and purity of technical grade.
The major raw materials required for manufacturing technical grade are sodium dihydrogen phosphate (SDP).
Food Grade:
Food grade is a term used for potassium dihydrogen phosphate which is produced from edible materials such as cereals, legumes and fruits. It has high purity level and meets the food standards of different countries. The major application of this product includes animal feed, fertilizers and pharmaceuticals industry.
Application Insights:
The global potassium dihydrogen phosphate market has been segmented on the basis of application into fungicide, food additive, photo- optic, nutrition and others. The fungicide application dominated the overall industry in terms of revenue share in 2017. This is attributed to increasing demand for effective pesticides from various industries worldwide.
Potassium hydrogenphosphate is used as a fertilizer and feedstock for producing numerous chemicals including polyphosphates (EPS), orthophosphates (OPS), carbonates (P2O5) and phosphoric acid (H3PO4). Fertilizer usage has increased rapidly over the past few years owing to its ability to enhance crop yield significantly.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for approximately 60% of global production owing to high product demand from various end-use industries, such as agriculture, food & beverage, pharmaceuticals and others. China is one of the major producers and exporters of potassium dihydrogen phosphate in this region. It also has a significant demand from other Asian countries due to growing population coupled with rising consumer awareness regarding health benefits associated with potassium products.
Europe accounted for more than 20% share of global revenue in 2017 on account of increasing R&D activities by major companies related to KHP usage across several sectors including agriculture, nutrition & dietetics along with photo- optics industry for producing color film etc.
Growth Factors:
- Increasing demand from the agricultural sector for potassium dihydrogen phosphate as a fertilizer is expected to be a key growth driver for the market over the next few years.
- Rising demand from the food and beverage industry for potassium dihydrogen phosphate as an additive is also anticipated to fuel market growth in the near future.
- Growing awareness about the benefits of using potassium dihydrogen phosphate as a food additive and fertilizer is projected to boost demand in this market in coming years.
- The increasing use of potassium dihydrogen phosphate in various end-use industries such as pharmaceuticals, cosmetics, and personal care products is likely to propel market growth over the forecast period. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Dihydrogen Phosphate Market Research Report
By Type
Technical Grade, Food Grade
By Application
Fungicide, Food Additive, Photo-Optic, Nutrition, Others
By Companies
Haifa, Guizhou Lvyin Biotech, Sichuan Shucan Chemical, Annexe Chem, Jena Bioscience, Xuzhou Tianchang Chemical, Gamdan Optics, Changsha Green Mountain Chemical, Wengfu Dazhou Chemical, Haifa
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Dihydrogen Phosphate Market Report Segments:
The global Potassium Dihydrogen Phosphate market is segmented on the basis of:
Types
Technical Grade, Food Grade
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
Fungicide, Food Additive, Photo-Optic, Nutrition, Others
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:
- Haifa
- Guizhou Lvyin Biotech
- Sichuan Shucan Chemical
- Annexe Chem
- Jena Bioscience
- Xuzhou Tianchang Chemical
- Gamdan Optics
- Changsha Green Mountain Chemical
- Wengfu Dazhou Chemical
- Haifa
Highlights of The Potassium Dihydrogen Phosphate 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:
- Technical Grade
- Food Grade
- By Application:
- Fungicide
- Food Additive
- Photo-Optic
- Nutrition
- Others
- 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 Dihydrogen Phosphate 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 dihydrogen phosphate is a salt that is made up of potassium and hydrogen atoms. It is used as a food additive and in manufacturing.
Some of the major players in the potassium dihydrogen phosphate market are Haifa, Guizhou Lvyin Biotech, Sichuan Shucan Chemical, Annexe Chem, Jena Bioscience, Xuzhou Tianchang Chemical, Gamdan Optics, Changsha Green Mountain Chemical, Wengfu Dazhou Chemical, Haifa.
The potassium dihydrogen phosphate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Potassium Dihydrogen Phosphate 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 Dihydrogen Phosphate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Potassium Dihydrogen Phosphate 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 Dihydrogen Phosphate 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 Dihydrogen Phosphate Market Size & Forecast, 2020-2028
4.5.1 Potassium Dihydrogen Phosphate Market Size and Y-o-Y Growth
4.5.2 Potassium Dihydrogen Phosphate 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 Technical Grade
5.2.2 Food Grade
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 Fungicide
6.2.2 Food Additive
6.2.3 Photo-Optic
6.2.4 Nutrition
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Potassium Dihydrogen Phosphate 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 Dihydrogen Phosphate 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 Technical Grade
9.6.2 Food Grade
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 Fungicide
9.10.2 Food Additive
9.10.3 Photo-Optic
9.10.4 Nutrition
9.10.5 Others
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 Technical Grade
10.6.2 Food Grade
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 Fungicide
10.10.2 Food Additive
10.10.3 Photo-Optic
10.10.4 Nutrition
10.10.5 Others
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 Technical Grade
11.6.2 Food Grade
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 Fungicide
11.10.2 Food Additive
11.10.3 Photo-Optic
11.10.4 Nutrition
11.10.5 Others
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 Technical Grade
12.6.2 Food Grade
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 Fungicide
12.10.2 Food Additive
12.10.3 Photo-Optic
12.10.4 Nutrition
12.10.5 Others
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 Technical Grade
13.6.2 Food Grade
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 Fungicide
13.10.2 Food Additive
13.10.3 Photo-Optic
13.10.4 Nutrition
13.10.5 Others
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 Dihydrogen Phosphate Market: Competitive Dashboard
14.2 Global Potassium Dihydrogen Phosphate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haifa
14.3.2 Guizhou Lvyin Biotech
14.3.3 Sichuan Shucan Chemical
14.3.4 Annexe Chem
14.3.5 Jena Bioscience
14.3.6 Xuzhou Tianchang Chemical
14.3.7 Gamdan Optics
14.3.8 Changsha Green Mountain Chemical
14.3.9 Wengfu Dazhou Chemical
14.3.10 Haifa
