H1 2023: In H1 2023, it was found that the prices of Tetrapotassium Pyrophosphate (TKPP) fluctuated in Asia Pacific region. However, in the Chinese market, from January 2023, TKPP experienced a price fall in the market driven by hazy demand, especially in downstream industries, resulting in a bearish market. The product's supply remained on the higher side in China. Higher supply and low consumption by the downstream dispersion sector in the Chinese market influenced the low-price trend. Also. in the second quarter of 2023, Tetrapotassium Pyrophosphate (TKPP) prices in the Chinese market underwent a bearish trend, mainly driven by subdued demand from the downstream industry. During May and June, the price of Tetrapotassium Pyrophosphate (TKPP) consistently declined in the Chinese market. The diminished demand was primarily ascribed to inflationary pressures and hazy demand outlook in the Chinese market.
The global Tetrapotassium Pyrophosphate (TKPP) market stood at approximately 25 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 3.54% during the forecast period until 2032. Its synthesis primarily involves a reaction between potassium carbonate (K2CO3) and phosphoric acid (H3PO4), resulting in the production of TKPP and the release of carbon dioxide (CO2) as a secondary product. This chemical reaction is commonly conducted in aqueous solutions, followed by subsequent drying and packaging processes to yield the final product.
On the basis of type, TKPP market is segmented into: Food Grade and Industrial Grade.TKPP is a key ingredient in household and industrial cleaning products due to its remarkable ability to sequester metal ions. Its effectiveness extends to water treatment, where TKPP plays a crucial role in softening water by sequestering calcium and magnesium ions, thus preventing scale formation in pipes and appliances. This not only enhances the efficiency of water heaters but also mitigates the risk of clogs. In the food industry, TKPP is approved for use as a sequestrant and emulsifying agent, finding applications in processes such as the preparation of processed cheese and the stabilization of canned potatoes. Moreover, TKPP serves as an essential component in detergent formulations, where its sequestering properties contribute to preventing mineral precipitation in hard water, thereby improving the overall cleaning efficacy of the detergent. Its role as an emulsifying agent extends to industrial applications, including the production of emulsion polymerization products and as a stabilizer in certain emulsions. In addition to these roles, TKPP is employed in metal surface treatment processes, assisting in preventing scale and corrosion With its multifaceted properties, TKPP stands as a versatile compound meeting various needs in cleaning, water treatment, food processing, industrial applications, and beyond.
The primary driver of the market's expansion is the surging requirement for Tetrapotassium Pyrophosphate (TKPP) is as a dispersing agent. Tetrapotassium pyrophosphate (TKPP) plays a important role as a dispersing agent, particularly in ceramics, construction, agriculture, and pigment production. In ceramic and construction materials, TKPP prevents particle agglomeration during the manufacturing of tiles, cements, and mortars, ensuring a uniform distribution and enhancing final product quality. In agriculture, TKPP serves as a dispersant in agrochemical formulations, preventing clumping and settling to maintain stability and efficacy. Furthermore, TKPP is employed as a dispersing agent in pigment pastes and dyes, contributing to the creation of vibrant and uniform colors in paints, coatings, and inks. This application is crucial in industries like printing, textiles, and coatings, where achieving color consistency and high-quality finishes is essential. Tetrapotassium Pyrophosphate (TKPP) witnesses demand driven by various sectors, notably the detergent and cleaning industry, where it serves as a crucial builder and chelating agent. Its approval for use as a food additive contributes to its relevance in the food processing sector, enhancing moisture retention and texture in seafood preparations. Additionally, TKPP finds applications in water treatment as a sequestrant, in metal finishing processes, and in controlling the viscosity of drilling muds in the oil and gas industry. The dynamic interplay of these industries, coupled with its role in pharmaceutical manufacturing, shapes TKPP's market trajectory. The global Tetrapotassium Pyrophosphate (TKPP) market is anticipated to reach nearly 37 thousand tonnes by 2032.
The Asia Pacific region is poised to retain its status as the foremost consumer of Tetrapotassium Pyrophosphate (TKPP) due to a combination of strategic factors. The region's robust industrial growth, particularly in key sectors such as food processing, agriculture, and detergents, underscores the integral role of TKPP as a vital component in various applications, including food additives, buffering agents in agriculture, and formulations in cleaning products. The high population density and economic development in countries like China and India further amplify the demand for TKPP, particularly in the food industry where it serves as a crucial sequestrant and emulsifying agent. Additionally, the flourishing manufacturing sector in the region significantly contributes to TKPP consumption, as it is an essential ingredient in the production of various chemicals and cleaning formulations.
Based on the end-user industry, the global Tetrapotassium Pyrophosphate (TKPP) market is divided into Dispersing Agent, Protein Modifier, Buffering Agent, and Others. However, Dispersing Agent industry is the major segment and held approximately 44% of the global Tetrapotassium Pyrophosphate (TKPP) market in 2022.
Major players in the Global Tetrapotassium Pyrophosphate (TKPP) market are Israel Chemicals Ltd. (ICL) Innophos Holdings Inc., YONEYAMA KAGAKU KOGYO KAISHA (YKK), ICL Performance, Zhenjiang Huangxu Chemical, Airedale Chemical, Hubei Xingfa Chemicals, PotashCorp, TongVo, an Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Tetrapotassium Pyrophosphate (TKPP) which covers production, demand and supply of Tetrapotassium Pyrophosphate (TKPP) market in the globe.
• To analyse and forecast the market size of Tetrapotassium Pyrophosphate (TKPP)
• To classify and forecast Global Tetrapotassium Pyrophosphate (TKPP) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Tetrapotassium Pyrophosphate (TKPP) market in the globe.
To extract data for Global Tetrapotassium Pyrophosphate (TKPP) market, primary research surveys were conducted with Tetrapotassium Pyrophosphate (TKPP) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Tetrapotassium Pyrophosphate (TKPP) market over the coming years.
ChemAnalyst calculated Tetrapotassium Pyrophosphate (TKPP) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Tetrapotassium Pyrophosphate (TKPP). ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Tetrapotassium Pyrophosphate (TKPP) manufacturers and other stakeholders
• Organizations, forums and alliances related to Tetrapotassium Pyrophosphate (TKPP) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Tetrapotassium Pyrophosphate (TKPP) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Tetrapotassium Pyrophosphate (TKPP) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
22 thousand tonnes
Market size Volume in 2032
37 thousand tonnes
Growth Rate
CAGR of 3.54% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Dispersing Agent, Protein Modifier, Buffering Agent, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Tetrapotassium Pyrophosphate (TKPP) market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Tetrapotassium Pyrophosphate (TKPP).
3. Capacity By Location
To better understand the regional supply of Tetrapotassium Pyrophosphate (TKPP) by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Tetrapotassium Pyrophosphate (TKPP) by the leading players and forecast how it will grow in the coming years.
6. Demand by Type
Learn about the various types of Tetrapotassium Pyrophosphate (TKPP): Food Grade and Industrial Grade, and their demands. It will allow you to choose which Type to concentrate on when designing your strategy.
7. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Dispersing Agent, Protein Modifier, Buffering Agent, and Others) are creating a market and the forecast for the growth of the Tetrapotassium Pyrophosphate (TKPP) market.
8. Demand by Region
Analyzing the change in demand of Tetrapotassium Pyrophosphate (TKPP) in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Tetrapotassium Pyrophosphate (TKPP). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Tetrapotassium Pyrophosphate (TKPP).
11. Company Share
Figure out what proportion of the market share of Tetrapotassium Pyrophosphate (TKPP) is currently held by leading players across the globe.
12. Manufacturing Process
Discover insights into the intricate manufacturing process of Tetrapotassium Pyrophosphate (TKPP).
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What was the net market size of Tetrapotassium Pyrophosphate (TKPP) in terms of volume in 2022?
Ans:
The global market size of Tetrapotassium Pyrophosphate (TKPP) had reached approximately 1820 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Tetrapotassium Pyrophosphate (TKPP)?
Ans:
Asia Pacific region is the leading consumer of Tetrapotassium Pyrophosphate (TKPP) globally.
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