Monopotassium Phosphite Market by Product, Application, End-User Industry, and Geography - Global Forecast to 2022


Global Monopotassium Phosphite Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Monopotassium phosphite is an inorganic compound also termed as potassium dihydrogen phosphite, potassium phosphite monobasic, phosphonic acid Monopotassium salt, or MKPO3 with a molecular formula KH2PO3. Neutralization reaction between a phosphorous acid and potassium hydroxide results in Monopotassium phosphite. It is in the form of white crystals and is soluble in water.

                 


It is exclusively used as a fungicide to control oomycetes and in the formulation of foliar fertilizer and water-soluble fertilizer. Moreover, in water treatment it is used as an alternative agent of organic phosphorus, mainly to reduce environmental pollution. Monopotassium Phosphite Market is segmented based on product types, applications, and region.

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Product types such as Chemical Grade, Agriculture Grade, Pharmaceutical grade, Food Grade, and others classify Monopotassium Phosphite Industry. Applications into Chemical Industry, Fertilizer, Food Industry, Medical Field, Fungicide, Pesticide, and others classify Monopotassium Phosphite Market. Monopotassium Phosphite Industry is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, Asia Pacific accounts for the largest market share of Monopotassium Phosphite Industry and is estimated to lead the overall market in the years to come. The reason being, rising industrialization in the developing regions. China and India are the major consumers of Monopotassium Phosphite Market in this region.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Monopotassium Phosphite in these regions, from 2012 to 2022 (forecast), covering

• North America
• Europe
• China
• Japan
• Southeast Asia
• India

Global Monopotassium Phosphite market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• Manmar Industries
• Haifa Chemicals
• Plant Food Systems
• Van Iperen
• Queisna for Agricultural Development
• United Turf Alliance
• Griggs Brothers
• Plant Food Company
• Agrisel USA
• Suzhou Coonit Fine Chemical
• Hangzhou Dayangchem

The key players of Monopotassium Phosphite Industry are Suzhou Coonit Fine Chemical, Haifa Chemicals, Agrisel USA, Plant Food Systems, Plant Food Company, Van Iperen, Griggs Brothers, Queisna for Agricultural Development, and United Turf Alliance. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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