Potassium phosphate, dibasic; potassium phosphate, monobasic - Generic Drug Details

What are the generic sources for potassium phosphate, dibasic; potassium phosphate, monobasic and what is the scope of freedom to operate?

Potassium phosphate, dibasic; potassium phosphate, monobasic is the generic ingredient in two branded drugs marketed by Am Regent, Amneal, Cmp Dev Llc, Fresenius Kabi Usa, and Somerset Theraps Llc, and is included in six NDAs. There is one patent protecting this compound. Additional information is available in the individual branded drug profile pages.

Potassium phosphate, dibasic; potassium phosphate, monobasic has one patent family member in one country.

Six suppliers are listed for this compound.

Summary for potassium phosphate, dibasic; potassium phosphate, monobasic

International Patents:	1
US Patents:	1
Tradenames:	2
Applicants:	5
NDAs:	6
Finished Product Suppliers / Packagers:	6
DailyMed Link:	potassium phosphate, dibasic; potassium phosphate, monobasic at DailyMed

Pharmacology for potassium phosphate, dibasic; potassium phosphate, monobasic

Drug Class	Osmotic Laxative Potassium Salt
Mechanism of Action	Osmotic Activity
Physiological Effect	Increased Large Intestinal Motility Inhibition Large Intestine Fluid/Electrolyte Absorption

US Patents and Regulatory Information for potassium phosphate, dibasic; potassium phosphate, monobasic

Applicant	Tradename	Generic Name	Dosage	NDA	Approval Date	TE	Type	RLD	RS	Patent No.	Patent Expiration	Product	Substance	Delist Req.	Exclusivity Expiration
Amneal	POTASSIUM PHOSPHATES	potassium phosphate, dibasic; potassium phosphate, monobasic	SOLUTION;INTRAVENOUS	216344-001	Oct 10, 2023	AP	RX	No	No
Amneal	POTASSIUM PHOSPHATES IN 0.9% SODIUM CHLORIDE	potassium phosphate, dibasic; potassium phosphate, monobasic	SOLUTION;INTRAVENOUS	218343-001	Jul 26, 2024		RX	Yes	Yes
Amneal	POTASSIUM PHOSPHATES	potassium phosphate, dibasic; potassium phosphate, monobasic	SOLUTION;INTRAVENOUS	216344-002	Oct 10, 2023	AP	RX	No	No

International Patents for potassium phosphate, dibasic; potassium phosphate, monobasic

Country	Patent Number	Title	Estimated Expiration
World Intellectual Property Organization (WIPO)	2020081118

Supplementary Protection Certificates for potassium phosphate, dibasic; potassium phosphate, monobasic

Patent Number	Supplementary Protection Certificate	SPC Country	SPC Expiration	SPC Description
1441735	SPC/GB08/020	United Kingdom		PRODUCT NAME: RALTEGRAVIR OR A PHARMACEUTICALLY ACCEPTABLE SALT THEREOF, ESPECIALLY THE POTASSIUM SALT; REGISTERED: UK EU/1/07/436/001 20080102
1499331	13C0055	France		PRODUCT NAME: SULFATE DE SODIUM ANHYDRE, SULFATE DE MAGNESIUM HEPTAHYDRATE, SULFATE DE POTASSIUM; NAT. REGISTRATION NO/DATE: NL41696 20130426; FIRST REGISTRATION: BE - 434323 20130220
0253310	SPC/GB95/010	United Kingdom		PRODUCT NAME: 2-N-BUTYL-4-CHLORO-1-((2'-(1H-TETRAZOL-5-YL)BIPHENYL-4-YL) METHYL) -5-(HYDROXYMETHYL) IMIDAZOLE, OPTIONALLY IN THE FORM OF A PHARMACEUTICALLY ACCEPTABLE SALT, IN PARTICULAR A POTASSIUM SALT; REGISTERED: SE 12209 19940902; UK 0025/0324 19941215; UK 0025/0336 19941215

Potassium phosphate, dibasic; potassium phosphate, monobasic Market Analysis and Financial Projection Experimental

Market Dynamics and Financial Trajectory for Potassium Phosphate: Monobasic and Dibasic

Introduction

Potassium phosphate, available in both monobasic (MKP) and dibasic forms, is a versatile chemical compound with a wide range of applications. This article delves into the market dynamics, financial trajectory, and key drivers influencing the global market for these compounds.

Market Overview

Global Market Size and Forecast

The global market for potassium phosphate, particularly monobasic potassium phosphate (MKP), was valued at USD 627.33 million in 2022 and is projected to reach USD 716.31 million by 2030, growing at a CAGR of 1.75% from 2023 to 2030[2].

Segmentation

The market is segmented based on type, application, and geography. For MKP, the market is split into powder, crystal, and liquid forms, with the powder segment holding the major revenue stake due to its ease of handling and high solubility[2].

Applications and End-Use Industries

Agriculture

Monobasic potassium phosphate (MKP) is widely used as a fertilizer due to its high phosphorus and potassium content. It improves crop yield, quality, and resilience to environmental stressors. Crops such as cotton, tobacco, corn, soybeans, and vegetables benefit significantly from MKP-based fertilizers[1][2][4].

Food and Beverage Industry

MKP and dibasic potassium phosphate are used as food additives for pH regulation, nutrient supplementation, and as buffering agents. They help stabilize acidity or alkalinity in various food products, including beverages, dairy products, and canned goods[1][2][4].

Opto-Electronics

Monobasic potassium phosphate crystals are used in opto-electronics due to their strong UV transmission ability and non-linear optical properties. They are utilized in the production of optical modulators and other non-linear optics[1][4].

Pharmaceutical and Medical Industry

Dibasic potassium phosphate is used in the pharmaceutical industry as a humectant and in the production of antibiotics. It also serves as a nutrient supplement in medical applications[4].

Market Drivers

Growing Global Population and Agricultural Demand

The increasing global population and the need to enhance agricultural productivity drive the demand for MKP as a fertilizer. This demand is particularly high in regions like Asia-Pacific, where countries such as China and India are experiencing significant growth in agriculture and horticulture[1][2].

Increasing Demand for Processed Foods

The rising demand for processed and convenience foods fuels the demand for MKP as a food additive. Its role in pH regulation and nutrient supplementation makes it an essential component in the food and beverage industry[1][2].

Sustainable Agricultural Practices

The shift towards sustainable agricultural practices and organic farming offers opportunities for MKP manufacturers. MKP’s role in promoting nutrient management and reducing environmental impacts aligns with sustainable agriculture principles[2].

Market Restraints

Higher Cost Compared to Conventional Fertilizers

One of the significant restraints to the growth of the MKP market is its relatively higher price compared to some conventionally used fertilizers. This can act as an impediment to its adoption, especially in cost-sensitive markets[1][2].

Geographical Analysis

Asia-Pacific Region

The Asia-Pacific region, led by countries such as China and India, is expected to exhibit faster growth in the consumption of MKP. This region's large population, increasing food demand, and expanding agricultural practices contribute to the significant demand for MKP[1][2].

North America and Europe

While the demand in North America and Europe is also present, it is expected to grow at a slower pace compared to the Asia-Pacific region. However, these regions still represent significant markets due to their established agricultural and food industries[1][2].

Competitive Landscape

Key Players

The global MKP market is dominated by companies such as Haifa Group, Guizhou Lvyin Biotech Co., Ltd., Sichuan Shucan Chemical Co., Ltd., Annexe Chem Pvt. Ltd., and others. In the monobasic potassium phosphate market, Guanxi Mingli, Wuhan Inorganic Salt, Shifang Anda, and Sichuan Blue Sword are among the top players, holding about 42% of the market share[1][5].

Financial Trajectory

Revenue Forecast

The global MKP market is projected to grow from USD 627.33 million in 2022 to USD 716.31 million by 2030, indicating a steady growth trajectory driven by increasing demand from agriculture and the food industry[2].

Investment Opportunities

The market offers several investment opportunities, particularly in research and development to improve the efficiency and performance of MKP. Innovations in formulation, production processes, and product characteristics can further enhance market prospects[2].

Porter’s Five Forces Analysis

Threat of New Entrants

The threat of new entrants is moderate due to the presence of established players and the need for significant investment in research and development to compete effectively[2].

Bargaining Power of Suppliers

The bargaining power of suppliers is relatively high due to the concentration of suppliers in certain regions and the critical nature of the raw materials required for MKP production[2].

Bargaining Power of Buyers

The bargaining power of buyers is moderate, influenced by the availability of alternative products and the buyers' ability to negotiate prices based on volume and loyalty[2].

Threat of Substitutes

The threat of substitutes is low to moderate, as MKP has unique properties that make it a preferred choice in many applications, although cheaper alternatives may pose some competition[2].

Competitive Rivalry Among Existing Competitors

The competitive rivalry among existing competitors is high due to the presence of several key players and the ongoing efforts to innovate and capture market share[2].

Key Takeaways

• The global MKP market is driven by increasing demand from agriculture and the food industry.
• Asia-Pacific is the fastest-growing region due to its large population and expanding agricultural practices.
• The market faces restraints such as higher costs compared to conventional fertilizers.
• Key players dominate the market, with significant investment in research and development.
• The market offers opportunities for sustainable agricultural practices and organic farming.

FAQs

What are the primary applications of monobasic potassium phosphate (MKP)?

MKP is primarily used as a fertilizer in agriculture, as a food additive in the food and beverage industry, and in opto-electronics due to its non-linear optical properties[1][2][4].

Which region is expected to lead the growth in the MKP market?

The Asia-Pacific region, led by countries such as China and India, is expected to exhibit faster growth in the consumption of MKP[1][2].

What are the key drivers of the MKP market?

The key drivers include the growing global population, increasing demand for processed foods, and the shift towards sustainable agricultural practices[1][2].

Who are the top players in the monobasic potassium phosphate market?

Guanxi Mingli, Wuhan Inorganic Salt, Shifang Anda, and Sichuan Blue Sword are among the top players, holding about 42% of the market share[5].

What are the restraints to the growth of the MKP market?

The primary restraint is the relatively higher cost of MKP compared to some conventionally used fertilizers[1][2].

Cited Sources:

1. Persistence Market Research. Potassium Dihydrogen Phosphate Market: Global Industry Analysis.
2. Verified Market Research. Mono Potassium Phosphate (MKP) Market Size, Share & Forecast.
3. Wicz. Potassium Phosphate Monobasic Market Growth and Innovation 2024 Business Opportunities Challenges and Strategic Forecast to 2032.
4. Noah Chemicals. High-Purity Dibasic and Monobasic Potassium Phosphates.
5. Valuates Reports. Potassium Phosphate Monobasic Market.