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Global Potassium Phosphite Market Insight2021-12-30 Comments
The potassium phosphite is forecast to continue rising steadly over the next four years. According to the World Knowledge Information (WKI) “Global Potassium Phosphite Professional Survey Report 2020, Forecast to 2025”, The growth of potassium phosphite terminal industry and technological progress in this field are important factors to promote market development.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 3.82% base on WKI regression analysis model.
“From the current situation of the industry, the potassium phosphite industry is being occupied by leading participants in a large area, the industry concentration is high, and it is difficult for new entrants to squeeze into the market.”said Selena, Senior analyst, Chemicals Goods Market Research Center in WKI.”Small enterprises can also choose to seek mergers and acquisitions to enhance their strength.”
Due to the increased consumption of potassium phosphite in various industries, the demand for potassium phosphite has been increasing. Potassium phosphite is formed by neutralizing phosphonic acid with alkali metal salt; Usually potassium hydroxide (KOH). It is the active ingredient of alude, Magellan, vital, vital sign, resyst and other phosphonate fungicides. Despite the reduction of cultivated land, agricultural production has been rising. The application of potassium phosphite activates the defense mechanism of plants. In addition, it is compatible with almost all types of pesticides and fungicides. This will be conducive to the expansion of the market scale of potassium phosphite.
However, due to the adverse effects on humans during processing and the increased preference for organic and environment-friendly fertilizers, the potassium phosphite Market may be inhibited in the next few years.
Key players operating in the global potassium phosphite market include Van Iperen, Phoenix Environmental Care, Suzhou Coonit Fine Chemical Technology Co. Ltd., Luxembourg-Pamol Inc., Plant Food Company inc., Growth Products, Australian Agricultural Chemicals, Rudong Huayun Chem, Currie Chemical, AGRI Nova, Agrowchem, Plant Food Systems,Pacific Agriscience and others.
Segmentation of Potassium Phosphite Market:
According to the type, the potassium phosphite Market can be divided into liquid and solid. Liquid potassium phosphite dominates the market because it is widely consumed in the agricultural chemical industry. The solvability of liquid potassium phosphite drives the demand in the next few years. In application, the market of potassium phosphite can be divided into fungicides, fertilizers and others. Fertilizer occupies a dominant position in the market. Because potassium phosphite is widely used as fertilizer in agriculture. In particular, the agricultural growth in emerging economies such as India, China, Brazil and Denmark has promoted the increase in demand for fertilizers and the development of the scale of the global potassium phosphite Market.
Potassium Phosphite Market: Regional Analysis
In terms of geography, the global potassium phosphite market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.Europe is currently the largest market for potassium phosphite, accounting for more than one-third of the market share. Because in the world, giant manufacturers are mainly distributed in the United States and Europe. European potassium phosphite industry has a long history and is estimated to remain unshakable in the prediction period. In addition, due to the presence of emerging economies in these regions, the markets in the Middle East, Africa and Latin America are expected to expand at a moderate rate in the near future.
Largest share area：Europe
Largest share country：Germany