Market Size – USD 16.98 Billion in 2018, Market Growth - CAGR of 4.9%, Market Trends – Increase in demand for Potassium Chloride as in fertilizer industries.
New York, NY -- (SBWIRE) -- 04/15/2021 -- Increasing demand for potassium chloride in online retails, especially in the emerging nations coupled with high investments in R&D of potassium chloride, are fueling the market growth.
Market Size – USD 16.98 Billion in 2018, Market Growth - CAGR of 4.9%, Market Trends – Increase in demand for Potassium Chloride as in fertilizer industries.
The Global Potassium Chloride Market is forecast to reach USD 25.01 Billion by 2027, according to a new report by Reports and Data. Potassium Chloride (KCL) or potassium salt is the metal halide composition of potassium and chloride chemical compounds. KCL is one of the most important sources of potassium chemical elements. The crystalline powder is white, odorless & highly soluble in water and sourced from seawater or other salt-containing surface water. Potassium is a crucial mineral for the human body and principal base in the tissue of blood cells, as it helps to lower the adverse effects of salts and maintains the blood pressure. Chlorine provides electrochemical neutrality in the red blood cells. Caustic potash or potassium hydroxide is derived from KCL and one of the most prominent segment in the overall fertilizer market. Potassium chloride is listed as an essential medicine by the World Health Organization, and KCL generic medicine supposedly is the most suitable and safest salt for repletion of the common forms of hypokalemia.
The Asia Pacific region is expected to retain its dominance in the global market. The market is North America is growing at a significant pace due to the extensive use of potassium chloride in fertilizers & healthcare industry verticals. China and India are some of the fastest-growing markets in the world; the United States holds some of the most prominent players in the market.
Key participants include Sinofert Holdings Limited, Agrium, The Potash Corporation, Uralkali, The Mosaic Company, ICL Specialty Fertilizers, The Arab Potash Company, CF Industries Holdings, Inc., Intrepid Potash, Inc., and Belaruskali, among others.
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Further key findings from the report suggest
- Potassium Chloride naturally preserves the personal care products and cosmetics by chelating bonds. The mixture of citric acid & its salts are also added to the personal care products in order to help adjust the acid to base ratio.
- Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the services of the offline vendors are unavailable. Also, due to the non-involvement of distributors in the supply chain model, the profit margin is way more than that of the offline retailing. The online retailing is expected to gain a market share of 33.9% by 2027.
- Potassium chloride is used to treat hyperkalemia and disorders pertaining to the kidney, adrenal glands, and others. For some open-heart surgeries, KCL is injected into the heart muscles in order to stop the heartbeat as the procedure cannot proceed with the heart rhythmic contraction and expansion processes.
- In January 2018, two major giants of the fertilizers industry in Canada namely, Agrium and Potash Corporation in Saskatchewan, merged into one company, named, Nutrien Ltd. Nutrien Ltd. was headquartered in Saskatchewan, Canada. The joint venture of these two giants have, in turn, made them the biggest fertilizer producer in the world.
To identify the key trends in the industry, click on the link below: @ https://www.reportsanddata.com/report-detail/potassium-chloride-market
For the purpose of this report, Reports and Data have segmented the global Potassium Chloride market on the basis of distribution channel, form, end-use verticals, and region:
Distribution Channel Outlook (Revenue, USD Billion; 2016-2027)
Online Retailing
Offline Retailing
Form Outlook (Revenue, USD Billion; 2016-2027)
Powder
Granular
Crystal
End-Use Verticals Outlook (Revenue, USD Billion; 2016-2027)
Fertilizers Industry
Medical & Pharmaceutical
Industrial Applications
Others
Regional Outlook (Revenue, USD Billion; 2016-2027)
North America
Europe
Asia Pacific
MEA
Latin America
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Potassium Chloride Market Segmentation & Impact Analysis
4.1. Potassium Chloride Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Extensive rise in the fertilizers industry, especially in the emerging countries
4.2.2.2. High implementation in the healthcare & pharmaceutical applications due to the increase in hyperkalemia disease
4.2.2.3. High growth in food consumption in the populous nations
4.2.3. Market restraints analysis
4.2.3.1. Raw materials processing difficulties and manufacturing obstacles
4.2.3.2. Side effects of potassium chloride
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
…
Chapter 9. Competitive Landscape
9.1. Market Revenue Share By Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
10.1. Sinofert Holdings Limited
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. Agrium
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. The Potash Corporation
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. Uralkali
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. The Mosaic Company
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
10.6. ICL Specialty Fertilizers
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Technology Insights
10.6.4. Strategic Initiatives
Continue….
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