Market Overview:
The global potassium tripolyphosphate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for potassium tripolyphosphate from the fertilizer and food industries. In terms of volume, the compound fertilizer segment is expected to dominate the market during the forecast period. However, in terms of value, the food industry segment is expected to grow at a higher rate than other segments. North America dominates the global potassium tripolyphosphate market and is followed by Europe and Asia Pacific respectively.
Product Definition:
Potassium Tripolyphosphate (KTP) is a salt of potassium, phosphorus and trivalent oxygen atoms. It has the formula K3PO4·5H2O and is a colourless solid that dissolves in water to give mildly alkaline solutions. It is used as an ingredient in many detergents, where it acts as a builder by sequestering calcium and magnesium ions, which results in the reduction of insoluble soap scum.
Fertilizer Grade:
Fertilizer grade is a product that contains potassium tripolyphosphate (KTP) and/or phosphatase. It's major application is in the production of commercial fertilizers, which are used to enhance the quality of crops. Fertilizer grade has different applications in fertilizer industry such as it can be used for acid neutralization, plant tissue culture media addition &substrate preparation or as an additive for irrigation water to increase nutrient availability & improve crop yield.
Food Grade:
Food grade potassium tripolyphosphate is a food additive used as an emulsifier in processed foods. It helps to maintain the viscosity of food and also increases its nutritional value. This product is also known by different names including tricalcium phosphate, trisodium calcium phosphate, tetra sodium salt etc.
It has various applications such as meat products (bacon & sausage), dairy products (cheese), bakery & confectionery items.
Application Insights:
The compound potassium tripolyphosphate is majorly used in the form of a fertilizer and accounted for over 70.0% of the total market volume in 2017. The product has high demand as a fertilizer owing to its ability to provide high nutrition content to the soil, thereby promoting plant growth. It also helps improve soil structure by providing essential nutrients such as sulfur, nitrogen, and calcium along with potash (K2O).
The food industry application segment is expected to witness significant growth over the forecast period on account of rising demand from countries including China, India, Brazil and Mexico for manufacturing various products including cheese powder seasoning mixes and soy sauce among others. Other applications include compound fertilizers which are majorly used in manufacturing household cleaners and pesticides among others.
Regional Analysis:
Asia Pacific potassium tripolyphosphate market is expected to witness significant growth over the forecast period. The region’s fertilizer industry has been witnessing exponential growth on account of increasing production and adoption of nitrogen-based fertilizers. This, in turn, has led to an increase in consumption of TP polyphosphate as a component for formulation of fertilizers.
The Middle East & Africa (MEA) is anticipated to be one of the fastest growing markets for TP polyphosphate owing to high demand from the food industry coupled with rising population and changing dietary patterns across countries such as Saudi Arabia, UAE and Egypt among others are expected drive regional product demand over the forecast period.
North America was estimated at USD X million in 2017 on account that it accounted for a major share in U.S.
Growth Factors:
- Growing demand from the food and beverage industry as a preservative and stabilizer
- Increasing application of potassium tripolyphosphate in detergents and cleaners
- Rising demand for potassium tripolyphosphate in water treatment plants
- Growing popularity of phosphate-free products
- Technological advancements that improve the efficiency of potassium tripolyphosphate production
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Tripolyphosphate Market Research Report
By Type
Fertilizer Grade, Food Grade, Other
By Application
Compound Fertilizer, Food Industry, Other
By Companies
ICL Performance Products, Ashland, BANGYE, AGREMA, Innophos, Shifang Zhixin Chemical, Foodchem, TongVo, SJ 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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Tripolyphosphate Market Report Segments:
The global Potassium Tripolyphosphate market is segmented on the basis of:
Types
Fertilizer Grade, Food Grade, Other
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
Compound Fertilizer, Food Industry, 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:
- ICL Performance Products
- Ashland
- BANGYE
- AGREMA
- Innophos
- Shifang Zhixin Chemical
- Foodchem
- TongVo
- SJ Chemicals
Highlights of The Potassium Tripolyphosphate 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:
- Fertilizer Grade
- Food Grade
- Other
- By Application:
- Compound Fertilizer
- Food Industry
- 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 Tripolyphosphate 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 tripolyphosphate is a salt that is used as a food additive. It helps to improve the texture and flavor of foods.
Some of the major companies in the potassium tripolyphosphate market are ICL Performance Products, Ashland, BANGYE, AGREMA, Innophos, Shifang Zhixin Chemical, Foodchem, TongVo, SJ Chemicals.
The potassium tripolyphosphate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Potassium Tripolyphosphate 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 Tripolyphosphate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Potassium Tripolyphosphate Market - Supply Chain
4.5. Global Potassium Tripolyphosphate Market Forecast
4.5.1. Potassium Tripolyphosphate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Potassium Tripolyphosphate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Potassium Tripolyphosphate Market Absolute $ Opportunity
5. Global Potassium Tripolyphosphate 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 Tripolyphosphate Market Size and Volume Forecast by Type
5.3.1. Fertilizer Grade
5.3.2. Food Grade
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Potassium Tripolyphosphate 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 Tripolyphosphate Market Size and Volume Forecast by Application
6.3.1. Compound Fertilizer
6.3.2. Food Industry
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Potassium Tripolyphosphate 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 Tripolyphosphate 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 Tripolyphosphate 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 Tripolyphosphate 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 Tripolyphosphate Demand Share Forecast, 2019-2026
9. North America Potassium Tripolyphosphate 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 Tripolyphosphate 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 Tripolyphosphate Market Size and Volume Forecast by Application
9.4.1. Compound Fertilizer
9.4.2. Food Industry
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Potassium Tripolyphosphate Market Size and Volume Forecast by Type
9.7.1. Fertilizer Grade
9.7.2. Food Grade
9.7.3. Other
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 Tripolyphosphate Demand Share Forecast, 2019-2026
10. Latin America Potassium Tripolyphosphate 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 Tripolyphosphate 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 Tripolyphosphate Market Size and Volume Forecast by Application
10.4.1. Compound Fertilizer
10.4.2. Food Industry
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Potassium Tripolyphosphate Market Size and Volume Forecast by Type
10.7.1. Fertilizer Grade
10.7.2. Food Grade
10.7.3. Other
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 Tripolyphosphate Demand Share Forecast, 2019-2026
11. Europe Potassium Tripolyphosphate 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 Tripolyphosphate 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 Tripolyphosphate Market Size and Volume Forecast by Application
11.4.1. Compound Fertilizer
11.4.2. Food Industry
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Potassium Tripolyphosphate Market Size and Volume Forecast by Type
11.7.1. Fertilizer Grade
11.7.2. Food Grade
11.7.3. Other
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 Tripolyphosphate Demand Share, 2019-2026
12. Asia Pacific Potassium Tripolyphosphate 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 Tripolyphosphate 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 Tripolyphosphate Market Size and Volume Forecast by Application
12.4.1. Compound Fertilizer
12.4.2. Food Industry
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Potassium Tripolyphosphate Market Size and Volume Forecast by Type
12.7.1. Fertilizer Grade
12.7.2. Food Grade
12.7.3. Other
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 Tripolyphosphate Demand Share, 2019-2026
13. Middle East & Africa Potassium Tripolyphosphate 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 Tripolyphosphate 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 Tripolyphosphate Market Size and Volume Forecast by Application
13.4.1. Compound Fertilizer
13.4.2. Food Industry
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Potassium Tripolyphosphate Market Size and Volume Forecast by Type
13.7.1. Fertilizer Grade
13.7.2. Food Grade
13.7.3. Other
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 Tripolyphosphate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Potassium Tripolyphosphate Market: Market Share Analysis
14.2. Potassium Tripolyphosphate Distributors and Customers
14.3. Potassium Tripolyphosphate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ICL Performance Products
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ashland
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BANGYE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AGREMA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Innophos
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shifang Zhixin Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Foodchem
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TongVo
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SJ Chemicals
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
