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Tetrapotassium Pyrophosphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22647
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Tetrapotassium Pyrophosphate Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Tetrapotassium Pyrophosphate | Specialty Chemical | China | 1545 USD/MT |
The price trend for tetrapotassium pyrophosphate in China for Q4 2023, reached 1545 USD/MT in December. The China tetrapotassium pyrophosphate (TKPP) prices endured challenges throughout Q4 2023, with a bearish trend and low demand. Because of the country's economic difficulties, TKPP prices fell in China during November 2023 linked to October.
Tetrapotassium Pyrophosphate Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Tetrapotassium Pyrophosphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of tetrapotassium pyrophosphate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of tetrapotassium pyrophosphate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of tetrapotassium pyrophosphate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing tetrapotassium pyrophosphate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Tetrapotassium Pyrophosphate Market Analysis
The global tetrapotassium pyrophosphate market size reached 22.8 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 31.2 Thousand Tonnes, at a projected CAGR of 3.50% during 2023-2032.
TKPP is a vital chemical compound with diverse applications across multiple industries. In the food industry, TKPP’s employment in sauces, processed meats, dressings, and seafood helps prevent oxidation, maintain color, flavor, and texture, stabilize ingredients, enhance shelf life, and improve the stability and consistency of these products. For instance, according to Statista, the revenue for the processed fish and seafood market amounts to US$ 21.04 Billion in 2024, anticipated to exhibit a CAGR of 8.70% during 2024-2028. Moreover, in global comparison, China generates the most revenue with US$ 32,420 Million in 2024. On the basis of volume, the processed fish and seafood market is expected to amount to 3.39bn kg by 2028.
Additionally, in the water treatment sector, TKPP possesses the functionality of a corrosion and scale inhibitor, enhancing the efficiency of metal cleaning processes and water softening applications. Furthermore, its utilization as a fertilizer additive in the agriculture sector for improving nutrient uptake in plants is favoring the market growth. The increasing trend towards sustainable agriculture, supported by regulatory policies and subsidies for potassium-based fertilizers, since they offer lower environmental impact, is further propelling the market growth. For example, in February 2024, the Central Government of India established a mutually agreed price of Rs. 4263/MT for potassium derived from Molasses (PDM), a potassium-based fertilizer, to be sold by sugar mills to fertilizer companies for the current year. In addition to this, PDM manufacturers are eligible to claim a subsidy of Rs. 345/Ton under the Nutrients Based Subsidy Scheme (NBS) of the Department of Fertilizers.
Apart from this, the effectiveness of TKPP as a cleaning agent and detergent builder, along with advancements in manufacturing technologies and processes to improve product purity, quality, and cost-effectiveness, is driving the market growth.
Tetrapotassium Pyrophosphate News
The report covers the latest developments, updates, and trends impacting the global tetrapotassium pyrophosphate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in tetrapotassium pyrophosphate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the tetrapotassium pyrophosphate price trend.
Latest developments in the tetrapotassium pyrophosphate industry:
- In April 2024, Nippon Chemical Industrial Co., Ltd. announced the establishment of a dedicated local subsidiary in Taiwan to strengthen their sales capabilities and market presence in the country.
- In April 2024, Haifa Group expanded its collaborations by signing an agreement with Mahadhan AgriTech Limited (MAL), which is wholly owned by Deepak Fertilisers, to promote high-performing specialty fertilizers in India.
Product Description
Tetrapotassium pyrophosphate (TKPP) is an inorganic compound commercially available in white or off-white powder. It is commonly synthesized through a chemical reaction involving potassium carbonate and phosphoric acid, which yields TKPP and carbon dioxide as a byproduct. The resulting chemical is in aqueous solution, which is dried and packaged to obtain the powdered form. Apart from this, variations in the manufacturing process allow key players to produce TKPP with different purity grades, suiting diverse industrial requirements. In the food industry, it functions as a stabilizer, food additive, and buffering agent. On the other hand, in detergents and cleaning products, TKPP acts as a chelating agent, sequestering hardness ions to enhance cleaning efficacy. Moreover, TKPP finds utility in water treatment processes and oil drilling operations, where it contributes to fluid loss control and shale stabilization.
Regional Coverage
The report provides a detailed analysis of the tetrapotassium pyrophosphate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the tetrapotassium pyrophosphate price trend.
Global Tetrapotassium Pyrophosphate Price
The report offers a holistic view of the global tetrapotassium pyrophosphate pricing trends in the form of tetrapotassium pyrophosphate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into tetrapotassium pyrophosphate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into tetrapotassium pyrophosphate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed tetrapotassium pyrophosphate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Tetrapotassium Pyrophosphate Price
In Q4 of 2023, the market for tetrapotassium pyrophosphate (TKPP) across Europe experienced mixed sentiments due to changing manufacturing costs and the need from the surfactant industry. International price trends were due to fluctuations in raw material prices, particularly potassium chloride and phosphoric acid. November observed a decline in raw material prices, reducing TKPP manufacturing expenses. However, sluggish demand in the downstream surfactant industry persisted through winter, causing cost pressures for manufacturers by December.
This analysis can be extended to include detailed tetrapotassium pyrophosphate price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Tetrapotassium Pyrophosphate Price
In Q4 of 2023, the tetrapotassium pyrophosphate market in North America, especially across the USA faced challenges, particularly in November. Fluctuations in overseas raw material prices, specifically potassium chloride and phosphoric acid, impacted global TKPP prices, with a notable drop in November. Despite this, domestic the need from the surfactant sector remained steady, prompting some manufacturers to adjust prices downwards.
Specific tetrapotassium pyrophosphate historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Tetrapotassium Pyrophosphate Price
The report explores the tetrapotassium pyrophosphate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on tetrapotassium pyrophosphate prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Tetrapotassium Pyrophosphate Price
During the Q4 of 2023, the market for tetrapotassium pyrophosphate (TKPP) in the Asia Pacific presented challenges marked by a continual decline. Low demand locally and internationally, particularly in end-user sectors like cleaning and detergents, influenced prices and market dynamics. Despite rigid supply, subdued demand drove prices, while a decrease in raw material production lowered production costs. China's struggling economy and government policies had limited impact.
This tetrapotassium pyrophosphate price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Tetrapotassium Pyrophosphate Price
The analysis of tetrapotassium pyrophosphate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Tetrapotassium Pyrophosphate |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Tetrapotassium Pyrophosphate Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of tetrapotassium pyrophosphate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting tetrapotassium pyrophosphate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The tetrapotassium pyrophosphate price charts ensure our clients remain at the forefront of the industry.
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