Global Potassium Phosphate Market Outlook and Key Players
The global potassium phosphate market is projected to reach USD 399.6 million by 2027, driven by a surge in demand for potassium phosphate in food processing and kidney-related applications. Key players in this market include BASF SE, Evonik Industries AG, Baker Hughes Incorporated, and others. Distribution channels, applications, and end-use verticals are analyzed in the report, highlighting the growing significance of potassium phosphate in various industries.
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Potassium Phosphate Market To Reach USD 399.6 Million By 2027 www.reportsanddata.com
Market Summary The Global Potassium Phosphate Market is forecast to reach USD 399.6 Million by 2027, according to a new report by Reports and Data. Potassium Phosphate is an odorless hygroscopic crystalline common granular potassium salt chemically bonded with phosphate ions, which is manufactured by complete neutralization of phosphoric acid with a high purity potassium hydroxide and potassium carbonate and subsequent crystallization. Potassium phosphate is approved by the European Union (EU) and European Free Trade Association (EFTA) as a safe food additive with a distinctive E-Number of E340. The global market is growing at a substantial pace due to the growing demand for potassium phosphate in food processing applications and kidney ailments. An escalation in the number of uric acid & calcium kidney stone diseases and disorders in urination has actively uplifted the demand for potassium phosphate. Read More @ https://www.reportsanddata.com/report-detail/potassium-phosphate-market
Market Summary Key players include BASF SE, Evonik Industries AG, Baker Hughes Incorporated, Huangshi Xinghua Biochemical Co., Ltd., Cargill, Incorporated, Dr. Paul Lohmann GmbH KG, Tate & Lyle PLC, Jungbunzlauer Suisse AG, American Tartaric Products, and FBC Industries, among others Distribution Channel Outlook (Revenue, USD Million; 2016-2027) Online Retailing, Offline Retailing Application Outlook (Revenue, USD Million; 2016-2027) Acidulant, Diuretic, Buffering & Sequestering Agent, Other Applications End-Use Verticals Outlook (Revenue, USD Million; 2016-2027) Food & Beverage Industry, Medical & Pharmaceutical, Personal Care Products, Others
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