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The report on potassium chloride market provides a detailed analysis and forecast on a global as well as regional level for a time period ranging between 2013 and 2019
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Transparency Market Research Potassium Chloride Market for Fertilizers, Pharmaceuticals, Industrial and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 Published Date 2014-05-15 79 Page Report Request Sample Buy Now Press Release Global Potassium Chloride Market to Soar at 10.8% CAGR till 2019 thanks to High Demand from Fertilizers Sector Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Potassium Chloride Market REPORT DESCRIPTION Potassium chloride (KCl) composed of chlorine and potassium is an odorless metal halide salt having a colorless crystal appearance. It is a naturally occurring mineral which is formed by the evaporation of the ancient sea beds. The compound is also known as “Muriate of Potash” (MOP) which is generally associated with its use as fertilizers. Potash is the most widely used fertilizer which comes in a variety of colors from red or pink to white depending upon the recovery and mining process used. White potash, also known as soluble potash is majorly used for liquid starter fertilizers. KCl naturally occurs as sylvinites when combined with sodium chloride (NaCl). Potassium is one of the three major nutrients necessary for plant growth. It serves as a regulator for different processes within the plant. Potassium chloride is widely consumed in the agriculture industry as potash fertilizer. Other applications of KCl include pharmaceuticals, chemical, and food processing. It is also used in treating hypokalemia and as an electrolyte replenisher. With the growing trend of biofertilizers in the agriculture industry, potash is being increasingly implemented as potash mobilizing biofertilizers for the purpose of enhancing the growth of the plant. According to The International Fertilizer Industry Association (IFA), approximately 30 potash expansion projects have been planned by manufacturers between 2013 and 2017. Large scale companies such as PotashCorp have made significant investments in brownfield potash expansion projects for the future accelerating the demand for potassium chloride over the next few years. Browse Market Research Report: http://www.transparencymarketresearch.com/potassium-chloride-market.html Growth of the fertilizer industry has been one of the major factors driving the demand for potassium chloride in potash fertilizers. The global outlook for the fertilizer industry has been showing a positive growth, following the progressive demand for phosphate and potassium 2 Transparency Market Research
Potassium Chloride Market demand in emerging regions such as Asia Pacific. However, fluctuations in the prices of potassium chloride have resulted in creating unstable prices for crops and raw materials which has fuelled uncertainty for farmers. This factor is expected to hamper the growth of the market. Growing trend towards developing bio-based fertilizers is expected to provide new opportunities for the growth of the market. Demand for potassium chloride was the highest from the fertilizer industry and the market was valued at USD 18.71 billion in 2012, and is also expected to be the fastest growing application segment in the next few years. Demand for potassium chloride has been significantly high in fertilizers on account of increasing demand for food grains due to increasing population from developed as well as developing economies. The industrial application segment has also been gaining significant importance owing to increasing use of potassium chloride in certain water treatment applications for safe and clean water consumption. Get accurate market forecast and analysis on the Potassium Chloride market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=1432 Demand for potassium chloride has been significantly high in Asia Pacific on account of improved agricultural productivity governed by regulatory bodies with the modernization of agricultural practices and equipment In addition, this region is anticipated to witness the fastest growth over the forecast period, rising at a CAGR of 5.2%, from 2013 to 2019.Increasing farmer subsidies, and raising minimum prices for key commodities have contributed towards the growth of several emerging economies such as China and India. The share of North America in the KCl market has been noticeable owing to the regions’ focus on advanced farming technologies. 3 Transparency Market Research
Potassium Chloride Market Agrium Inc., Arab Potash Company, Israel Chemicals Ltd. (ICL), JSC Belaruskali, PotashCorp, The Mosaic Company, and Uralkali among others are some of the key players present in the potassium chloride industry. In addition, the potassium chloride market is fragmented due to presence of several large and medium scale potassium chloride manufacturers on a global as well as regional level. About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ 4 Transparency Market Research