SAN FRANCISCO, April 16, 2018
SAN FRANCISCO, April 16, 2018 /PRNewswire/ --
The global Potassium Chloride Market is expected to grow at a substantial CAGR in the years to come. Potassium chloride is a type of salt or compound that is generally made with the chlorine and potassium elements. It is odorless in nature and appears as a colorless crystal. It is also popularly known by its chemical formula as KCl or as Potash Muriate. Global Potassium Chloride Market is segmented on the basis of application as Pharmaceuticals, Industrial, Fertilizers, and others. Others may include Food products, and Animal feed. Among all the applications, the segment of Industrial and Fertilizers sector is taking up the largest share in the market.
In other words, it is a naturally occurring mineral that is obtained through the evaporation process of ancient sea beds. As far as the applications are concerned, it is employed in scientific applications, medicine, photography, consumer food products, industrial, as well as food processing. Moreover, it plays a vital role as an essential nutrient for the growth of plants and crops. It also acts as a melting agent and possesses a fertilizing value flowing the melting of ice. Its usage in water softeners to restore calcium in water is also one of the prominent one. The product is gaining huge recognition across the globe owing to burgeoning applications and scope across the globe.
The major boosters to the market growth may include rise in the industrialization, urbanization, technological advancements, developing nations, rising demands particularly in the fertilizer industry, augmented usage in the feedstock of biofuels, robust development of the organic food industry across the globe, and rising applications.
The factors that are turning major challenges for the market growth may include rising health concerns among the end users regarding the usage of chemical fertilizers, variable costs of potassium chloride, and constantly changing prices of raw materials. It has been estimated that the Potassium Chloride Market will experience a huge growth in the next couple of years. Potassium Chloride Market is segmented on the basis of geographical region as North America, Southeast Asia, China, Europe, Japan, and India.
Among all the geographical regions, it has been noticed that North America and Asia Pacific are currently being considered as the leaders of the market and it has been estimated that the regions will go on dominating the market until the forthcoming years.
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The factors that can be attributed to the particular market growth may include augmenting demands from various sectors, rise in the number of agricultural activities, mounting emphasis on agricultural productivity, burgeoning applications, rising demands for potash fertilizers in various nations, and rise in the investments by the leading manufacturers.
The key players operating in the Potassium Chloride Market are recognized as JSC Belaruskali, PotashCorp, The Mosaic Company, Agrium Inc., Arab Potash Company, Uralkali, Shaanxi Top Pharm, Surya Fine Chem, Bostick & Sullivan, K+S Group, AKSELL, Mayur Chemical Industries, Lianyungang Hengsheng, Jiangsu Kolod, Nanchang Basf, K S Kali GmbH, Mark-Chem, Heena Pharm, and Cargill.
This report studies Potassium Chloride in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Potassium Chloride in these regions, from 2011 to 2021 (forecast), like
Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into
Split by application, this report focuses on consumption, market share and growth rate of Potassium Chloride in each application, can be divided into
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