Dipotassium Phosphate Price Trends and Forecast
Get the latest insights on price movement and trend analysis of Dipotassium Phosphate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Dipotassium Phosphate Price Trend for the Q1 of 2024
The dipotassium phosphate market is driven by its extensive use as a food additive, fertilizer, and buffering agent in various industries. Increasing demand for processed foods and beverages boosts its use as a stabilizer and emulsifier. The agriculture sector relies on it for its effective fertilizer properties and contributes significantly to its downstream industry share. Additionally, the pharmaceutical industry utilizes dipotassium phosphate in medications and supplements, enhancing market growth.
Dipotassium Phosphate Price Chart
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Therefore, the dipotassium phosphate prices, influenced by the broader trends in the food additives sector, experienced an oscillating trend during the first quarter of 2024. Globally, the traders experienced the effects of the alteration of the Red Sea trading route. The attacks by the Houthi militia on commercial vessels disrupted the cargo flows. In response to this, the US and UK launched counterattacks against the rebels in Yemen, further depreciating the trading activities.
In the feed additive sector, the diversion of freight routes through South Africa instead of the Suez Canal increased lead times and the logistics cost incurred by the consumer sector. The slowing down of production activities in Asian countries with the onset of the Chinese New Year holidays and a halt in deliveries by Western suppliers also contributed to the surge of prices of feed additives such as dipotassium phosphate.
Analyst Insight
According to Procurement Resource, the price of Dipotassium Phosphate is estimated to incline with the rise in the transportation costs and changing dynamics of the feed additive and fertilizer sector. However, consumer spending habits and increasing inflationary pressure might limit its growth in the next quarters.
Procurement Resource provides latest prices of Dipotassium Phosphate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Dipotassium phosphate, with the chemical formula K2HPO4, is a water-soluble salt that appears as a white, crystalline powder. It is commonly used as a buffering agent, stabilizer, and emulsifier. Dipotassium phosphate effectively regulates pH levels and maintains stability in various solutions, making it valuable in food and beverage products such as dairy, processed meats, and beverages. Additionally, it is utilized in fertilizers to supply essential potassium and phosphorus nutrients to plants, enhancing growth and yield. Its solubility and non-toxicity also make it suitable for applications in pharmaceuticals, cosmetics, and water treatment processes, where it helps prevent scale and corrosion in industrial systems.
Report Features | Details |
Product Name | Dipotassium phosphate |
Chemical Formula | K2HPO4 |
Industrial Uses | Food additive, Buffering agent, Emulsifier, Water Treatment, Cosmetics |
Molecular Weight | 174.2 g/mol |
CAS No. | 7758-11-4 |
Supplier Database | Chengdu Beluckey Technology Co Ltd, Merck KGaA, Indiana Chem Port, Apex Maritime, Aditya Birla Chemicals, Haifa Chemicals |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The partial neutralization reaction is carried out using phosphoric acid and potassium chloride, where the latter product acts as a base. In the partial neutralization of phosphoric acid, a mixture of products is generated along with the production of dipotassium phosphate, which is separated and filtered.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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