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.
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.
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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.
K2HPO4
Food additive, Buffering agent, Emulsifier, Water Treatment, Cosmetics
Chengdu Beluckey Technology Co Ltd, Merck KGaA, Indiana Chem Port, Apex Maritime, Aditya Birla Chemicals, Haifa Chemicals
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
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