Global Potassium Chloride Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global potassium chloride market in its upcoming report titled, “Global Potassium Chloride Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global potassium chloride market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global potassium chloride market report has been segmented on the basis of application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Potassium chloride (KCl) is composed of potassium and chlorine. Potassium chloride is a metal halide salt extracted from minerals such as sylvite, carnallite, and potash or produced by treating potassium hydroxide or other potassium bases with hydrochloric acid. It is soluble in glycerol, alkalies, and to some extent in alcohol, but is insoluble in ether.
Increasing adoption of potassium chloride in fertilizers is a major factor driving growth of the global potassium chloride market. In addition, increasing demand for potassium chloride from oil and gas industry is another factor expected to drive growth of the global market to a significant extent over the forecast period. Moreover, rising demand from food industry is another factor fueling growth of the target market.
A major factor hampering growth of the global potassium chloride market is fluctuating prices of potassium chloride. The trend observed in the global potassium chloride market is use of potassium chloride for feedstock raw materials. This is another factor expected to propel growth of the global market over the forecast period.
The North America market accounts for significant share in the global potassium chloride market in terms of revenue and is expected to witness significant growth over the forecast period. The Asia Pacific market is expected to witness highest growth in terms of revenue in the global market and is projected to register a CAGR of X.X% over the next 10 years. The Europe market accounts for moderate share in terms of revenue in the global market and is expected to witness moderate growth over the forecast period.
Global potassium chloride market segmentation:
Segmentation on the basis of application:
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Agrium Inc.
- The Mosaic Company
- Nutrien Ltd.
- ARAB POTASH
- JSC Belaruskali
- ICL Fertilizers Ltd.
- K+S KALI GmbH
- IMC Global Inc.
- SQM (Sociedad Química y Minerade Chile)
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