Monopotassium Phosphate Market Report

   2020-09-21       23        Business
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Monopotassium phosphate Market: Introduction: Monopotassium phosphate (MKP), is a potassium dihydrogenphosphate.
Monopotassium phosphate is a soluble salt of dihydrogen phosphate and potassium ion. It is a source of phosphorus and potassium for both animals including human, and plant. Monopotassium phosphate is also applied as buffering agents in the different chemical reaction in industry. It is a good source for ammonium phosphate in feed, generally mixed with urea to increase the feeds effectiveness as it maintains soil pH and reduces the loss of feed used in the soil. Other industrial application includes nutraceutical, cosmetics and personal care, and other industrial application. The Monopotassium phosphate market is expected to witness steady global growth over the forecast period owing to its versatile application in growing industries such as hydroponic agriculture, pharmaceutical, and personal care cosmetics. The North America region is expected to dominate the global monopotassium market over the forecast period.

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