"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Potassium Chloride Market Size, Share & Industry Analysis, By Application (Pharmaceuticals, Fertilizers, Food, Industrial, Others) And Regional Forecast 2021-2028

Region : Global | Report ID: FBI104578 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Potassium Chloride also known as sylvite or potassium salt is a metal halide with constituent element potassium and chlorine. It is usually a white or colorless lustrous crystalline solid with no odor. It gets easily dissolved in water and gives salt-like taste. It is used in fertilizers, medicines, food processing and other applications. It is also used in de-icing applications which are safer for plants and animals.


The major factor driving the potassium chloride market is the demand form metal, glass and petroleum sector. Potassium chloride is the prime raw material used as feedstock for various potassium compounds used in metal casting, welding, and soldering.  Additionally, increasing demand for fertilizers to boost the yield is expected to fuel the market growth.


However, potassium chloride can be toxic if exposed in larger quantities. Intravenously the LD50 for potassium chloride is 57.2 mg/kg. Ingestion in such quantities can cause severe cardiac arrest and rapid death. This is expected to limit the market growth.


Key Market Driver -

Increasing demand from various end-sectors.

Key Market Restraint -

Toxic nature of potassium chloride.


Market Segmentation:


Based on application, market is segmented into pharmaceutical, fertilizer, food, industrial, and other applications.


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Players Covered:


The global potassium chloride market consists of global & regional players operating. Some of the key players in the market include Arab Potash, Sinofert, Agrium, Potash Corporation of Saskatchewan, JSC Belaruskali , CF Industries Holdings,  PotashCorp, IMC Global, and others.


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Potassium Chloride Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to hold the largest share in market due to the high demand for fertilizers from India, China, and other south Asian countries. North America is estimated to hold significant share due to the high demand from metal and glass industry. Europe is expected to show considerable growth due to high demand from industrial sector. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.


To gain extensive insights into the market, Request for Customization


Segmentation


















ATTRIBUTE


  DETAILS

By Application




  • Pharmaceuticals

  • Fertilizers

  • Food

  • Industrial

  • Others



By Geography




  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, and Rest of Europe)

  • Asia Pacific (China, India, Japan, and Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)



Potassium Chloride Industry Developments



  • In December 2020, Verkhnekamsk Potash Co., a part of Acron Group completed the skip shaft sinking at the Talitsky Mine construction site. Acron group is developing Potash deposit as a part of its investment program.

  • In October 2017, Sinofert sold the stakes in key production assets to parent to fund a major restructure. The company sold the 20.5 % of stakes of Shenzen based potassium fertilizer maker industry.


Potassium Chloride Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • $4850
    $6850
    $8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

uniliver
Mckinsey
BASF
Citibank
3M

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X