Market Overview:
The global potassium phosphate monobasic 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 phosphate monobasic from various applications such as agriculture, chemical industry, food industry, medical industry and feed industry. 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 regulations may restrain the growth of this market during the forecast period. On the basis of type, the global potassium phosphate monobasic market can be segmented into industries grade, agriculture grade and food grade. The industries grade segment is expected to account for a major share of this market during the forecast period owing to its wide application in various industrial processes.
Product Definition:
A potassium salt of phosphoric acid, K3PO4, used as a fertilizer and in food processing.
Industries Grade:
Industries grade is a high purity form of the product, which is used in various end-use industries. It has applications in detergents, lubricants, paper & pulp and water treatment among others. Industries grade potassium phosphate monobasic (KPMB) has been gaining importance on account of its increasing consumption by detergent manufacturers to produce super concentrated laundry detergents with less water content.
Agriculture Grade:
Agriculture grade is a product that has passed through numerous quality checks and meets all the industry standards. It is used in the production of Potassium Phosphate Monobasic (KPMB). KPMB, also known as phosphoric acid monobasic, is an inorganic compound majorly used as a food additive for its ability to enhance color and flavor in food products. The product finds application across various industries such as agriculture, chemical & mining sectors among others.
Application Insights:
The agriculture application segment led the global potassium phosphate monobasic market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The product is widely used in agricultural applications including crop fertilization, soil amending, plant nutrition management and water conservation owing to its ability to promote plant growth by increasing root development, stem strength & foliage size.
Agriculture grade potassium phosphate monobasic products are majorly used for soil amending as they have high availability of phosphorus which helps improve soil fertility by enhancing the biological productivity. It also has high demand as a fertilizer due to its ability to promote healthy growth of plants on account of increased nutrient uptake by crops leading to enhanced yield production over the long term.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is anticipated to witness a significant growth rate of 5.6% over the forecast period. The region comprises several emerging economies, such as China, India, Indonesia, Vietnam and Thailand that are expected to propel product demand majorly due to rising population coupled with increasing per capita income levels in these countries.
China is one of the leading producers and consumers of potassium phosphate monobasic globally owing to its large reserves of raw materials coupled with growing chemical industry at home which resulted in high production volumes for chemicals including fertilizers & pesticides as well as other products from phosphoric acid over the past few years. This factor is anticipated to positively impact market growth during the forecast period.
Europe accounted for a revenue share of 23% in 2017 on account both agriculture grade product segment along with food grade segment owing to high consumption volume by end-use industries across Germany, U K.
Growth Factors:
- Increasing demand from the agriculture sector for potassium phosphate as a fertilizer
- Growing population and their need for food that requires high levels of potassium phosphate
- Rising awareness about the benefits of using potassium phosphate in agriculture and horticulture crops
- Technological advancements in the production of potassium phosphate that make it more affordable and accessible to farmers
- Stringent regulations on the use of chemical fertilizers, which is driving demand for organic alternatives like potassium phosphate
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Phosphate Monobasic Market Research Report
By Type
Industries Grade, Agriculture Grade, Food Grade
By Application
Agriculture, Chemical industry, Food industry, Medical industry, Feed industry
By Companies
Guanxi Mingli, Wuhan Inorganic Salt, Shifang Anda, Sichuan Blue Sword, Sichuan Shucan, Sichuan Chuanhong, Shifang Talent, Chuanxi Xingda, Wuhan Nan Qing Science&Technology Development Co., Ltd., Sichuan Ronghong, Mianyang Aostar, Wuhan Xingzhengshun, Chuanke Chengdu Fine Chemical Co. Ltd.
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Phosphate Monobasic Market Report Segments:
The global Potassium Phosphate Monobasic market is segmented on the basis of:
Types
Industries Grade, Agriculture 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
Agriculture, Chemical industry, Food industry, Medical industry, Feed industry
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:
- Guanxi Mingli
- Wuhan Inorganic Salt
- Shifang Anda
- Sichuan Blue Sword
- Sichuan Shucan
- Sichuan Chuanhong
- Shifang Talent
- Chuanxi Xingda
- Wuhan Nan Qing Science&Technology Development Co., Ltd.
- Sichuan Ronghong
- Mianyang Aostar
- Wuhan Xingzhengshun
- Chuanke Chengdu Fine Chemical Co. Ltd.
Highlights of The Potassium Phosphate Monobasic 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:
- Industries Grade
- Agriculture Grade
- Food Grade
- By Application:
- Agriculture
- Chemical industry
- Food industry
- Medical industry
- Feed industry
- 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 Phosphate Monobasic 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.
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- Correctly Positioning New Products
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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 phosphate monobasic is a white crystalline powder that is used as a food additive. It is an alkaline earth salt and helps to maintain the balance of fluids in the body.
Some of the key players operating in the potassium phosphate monobasic market are Guanxi Mingli, Wuhan Inorganic Salt, Shifang Anda, Sichuan Blue Sword, Sichuan Shucan, Sichuan Chuanhong, Shifang Talent, Chuanxi Xingda, Wuhan Nan Qing Science&Technology Development Co., Ltd., Sichuan Ronghong, Mianyang Aostar, Wuhan Xingzhengshun, Chuanke Chengdu Fine Chemical Co. Ltd..
The potassium phosphate monobasic market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Potassium Phosphate Monobasic Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Potassium Phosphate Monobasic Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Potassium Phosphate Monobasic Market - Supply Chain
4.5. Global Potassium Phosphate Monobasic Market Forecast
4.5.1. Potassium Phosphate Monobasic Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Potassium Phosphate Monobasic Market Size (000 Units) and Y-o-Y Growth
4.5.3. Potassium Phosphate Monobasic Market Absolute $ Opportunity
5. Global Potassium Phosphate Monobasic Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Potassium Phosphate Monobasic Market Size and Volume Forecast by Type
5.3.1. Industries Grade
5.3.2. Agriculture Grade
5.3.3. Food Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Potassium Phosphate Monobasic Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Potassium Phosphate Monobasic Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Chemical industry
6.3.3. Food industry
6.3.4. Medical industry
6.3.5. Feed industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Potassium Phosphate Monobasic Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Potassium Phosphate Monobasic Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Potassium Phosphate Monobasic Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Potassium Phosphate Monobasic Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Potassium Phosphate Monobasic Demand Share Forecast, 2019-2026
9. North America Potassium Phosphate Monobasic Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Potassium Phosphate Monobasic Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Potassium Phosphate Monobasic Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Chemical industry
9.4.3. Food industry
9.4.4. Medical industry
9.4.5. Feed industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Potassium Phosphate Monobasic Market Size and Volume Forecast by Type
9.7.1. Industries Grade
9.7.2. Agriculture Grade
9.7.3. Food Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Potassium Phosphate Monobasic Demand Share Forecast, 2019-2026
10. Latin America Potassium Phosphate Monobasic Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Potassium Phosphate Monobasic Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Potassium Phosphate Monobasic Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Chemical industry
10.4.3. Food industry
10.4.4. Medical industry
10.4.5. Feed industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Potassium Phosphate Monobasic Market Size and Volume Forecast by Type
10.7.1. Industries Grade
10.7.2. Agriculture Grade
10.7.3. Food Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Potassium Phosphate Monobasic Demand Share Forecast, 2019-2026
11. Europe Potassium Phosphate Monobasic Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Potassium Phosphate Monobasic Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Potassium Phosphate Monobasic Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Chemical industry
11.4.3. Food industry
11.4.4. Medical industry
11.4.5. Feed industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Potassium Phosphate Monobasic Market Size and Volume Forecast by Type
11.7.1. Industries Grade
11.7.2. Agriculture Grade
11.7.3. Food Grde
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Potassium Phosphate Monobasic Demand Share, 2019-2026
12. Asia Pacific Potassium Phosphate Monobasic Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Potassium Phosphate Monobasic Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Potassium Phosphate Monobasic Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Chemical industry
12.4.3. Food industry
12.4.4. Medical industry
12.4.5. Feed industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Potassium Phosphate Monobasic Market Size and Volume Forecast by Type
12.7.1. Industries Grade
12.7.2. Agriculture Grade
12.7.3. Food Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Potassium Phosphate Monobasic Demand Share, 2019-2026
13. Middle East & Africa Potassium Phosphate Monobasic Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Potassium Phosphate Monobasic Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Potassium Phosphate Monobasic Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Chemical industry
13.4.3. Food industry
13.4.4. Medical industry
13.4.5. Feed industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Potassium Phosphate Monobasic Market Size and Volume Forecast by Type
13.7.1. Industries Grade
13.7.2. Agriculture Grade
13.7.3. Food Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Potassium Phosphate Monobasic Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Potassium Phosphate Monobasic Market: Market Share Analysis
14.2. Potassium Phosphate Monobasic Distributors and Customers
14.3. Potassium Phosphate Monobasic Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Guanxi Mingli
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Wuhan Inorganic Salt
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Shifang Anda
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sichuan Blue Sword
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sichuan Shucan
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sichuan Chuanhong
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shifang Talent
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Chuanxi Xingda
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wuhan Nan Qing Science&Technology Development Co., Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sichuan Ronghong
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mianyang Aostar
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Wuhan Xingzhengshun
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Chuanke Chengdu Fine Chemical Co. Ltd.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
