Market Overview:
The global high purity potassium chloride market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for potassium chloride from various applications such as pharma, cosmetics, and electronics. In addition, the growing demand for high purity potassium chloride in emerging countries is also contributing to the growth of this market. However, factors such as stringent government regulations and environmental concerns are restraining the growth of this market. On the basis of type, the global high purity potassium chloride market can be segmented into particle and powder form. The powder form is expected to dominate this market during the forecast period owing to its properties such as non-hygroscopic nature and low dust generation potential. On the basis of application, pharma accounted for majority share in 2017 and is projected to grow at a CAGR of 6% during 2018-2030 owing to rising demand for drugs & pharmaceuticals across globe . Cosmetics was another key application segment which registered significant growth rate over past few years on account on increasing awareness about benefits associated with using cosmetic products fortified with potassium chloride . Electronics was another key application area where use if high purity KCl has been gaining traction due their ability offer superior performance characteristics compared conventional electrolytes used in batteries .
Product Definition:
High purity potassium chloride is a type of potassium chloride that has been purified to remove any unwanted materials. It is used in a variety of applications, including as a fertilizer and in the production of soap and other chemicals.
Particle:
Particle is a small particle made up of ceramic material. It has high surface area and porosity which helps in increasing the rate of absorption for chemicals. Particles also have a large volume, which allows it to hold more chemical per unit space making it an effective absorbent than traditional media.
The particles are used as an adsorbent in the production process of High Purity Potassium Chloride (KCl).
Powder:
Powder is a mixture of solid particles and liquid. It is used in various industries such as food & beverage, pharmaceuticals, chemical processing, paints & coatings and others. In the chemical industry it is used for producing chemicals which are further used in numerous applications such as detergents, bleaches, textiles etc.
Application Insights:
The global high purity potassium chloride market has been segmented on the basis of application into pharmaceutical, cosmetics, food and beverages, electronics and other applications. The pharmaceutical segment accounted for a major share in 2015 as it is used to manufacture various drugs including antibiotics. It is also used in the treatment of hypertension owing to its ability to reduce blood pressure. Potassium chloride is added during fermentation process of beer as it helps maintain beer¢â‚¬â„¢s freshness longer by preventing yeast cells from growing too large.
High purity potassium chloride finds application in manufacturing plastics such as polypropylene and polyethylene along with PVC compounds that are widely utilized for manufacturing electrical & electronic components such as resistors, capacitors etcetera.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region is attributed to increasing production of electronic products such as smartphones and laptops, which requires high-purity potassium chloride. Moreover, growing pharmaceutical industry in countries such as China and India are anticipated to drive product demand over the forecast period.
The European market for high purity potassium chloride also accounted for a significant share owing to stringent regulations by various regulatory bodies regarding consumption of Potassium Chloride (KCl) with a specific gravity greater than 0.95 g/cm3 or less than 0.5 g/liter that poses a safety risk during manufacturing processes leading to improved quality products ultimately resulting in higher revenue generation from 2013 till 2016 due to which it lost its position gradually but continuously gaining momentum since then on account of new product launches coupled with technological advancements taking place within the region especially Germany & U K.
Growth Factors:
- Increasing demand from the chemical and pharmaceutical industries for potassium chloride as a key ingredient in various products
- Growing popularity of potassium chloride as a dietary supplement for people looking to improve their health
- Rising demand for water treatment and desalination plants that require high purity potassium chloride to remove impurities from water supplies
- Increased use of potassium chloride in agriculture as a fertilizer to help improve crop yields
- Growing awareness among consumers about the benefits of using high purity potassium chloride and the importance of product quality
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Potassium Chloride Market Research Report
By Type
Particle, Powder
By Application
Pharma, Cosmetics, Electronics, Others
By Companies
K+S, ICL(ICL-IP), Klinge Chemicals, Morton, Anmol Chemicals Group, Anaya, Hebei Huachen Pharmaceutical, Qinfen Pharmaceutical, Kolod, Taihua, K+S
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Potassium Chloride Market Report Segments:
The global High Purity Potassium Chloride market is segmented on the basis of:
Types
Particle, Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharma, Cosmetics, Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- K+S
- ICL(ICL-IP)
- Klinge Chemicals
- Morton
- Anmol Chemicals Group
- Anaya
- Hebei Huachen Pharmaceutical
- Qinfen Pharmaceutical
- Kolod
- Taihua
- K+S
Highlights of The High Purity Potassium Chloride Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Particle
- Powder
- By Application:
- Pharma
- Cosmetics
- Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Purity Potassium Chloride Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High purity potassium chloride is a white crystalline powder that is highly soluble in water. It has a slightly salty taste and is used as an agricultural chemical, food additive, and pH adjuster.
Some of the major companies in the high purity potassium chloride market are K+S, ICL(ICL-IP), Klinge Chemicals, Morton, Anmol Chemicals Group, Anaya, Hebei Huachen Pharmaceutical, Qinfen Pharmaceutical, Kolod, Taihua, K+S.
The high purity potassium chloride market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Potassium Chloride Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Purity Potassium Chloride Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Potassium Chloride Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Purity Potassium Chloride Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Purity Potassium Chloride Market Size & Forecast, 2018-2028
4.5.1 High Purity Potassium Chloride Market Size and Y-o-Y Growth
4.5.2 High Purity Potassium Chloride Market Absolute $ Opportunity
Chapter 5 Global High Purity Potassium Chloride Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Purity Potassium Chloride Market Size Forecast by Type
5.2.1 Particle
5.2.2 Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Purity Potassium Chloride Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Purity Potassium Chloride Market Size Forecast by Applications
6.2.1 Pharma
6.2.2 Cosmetics
6.2.3 Electronics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Potassium Chloride Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Purity Potassium Chloride Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Purity Potassium Chloride Analysis and Forecast
9.1 Introduction
9.2 North America High Purity Potassium Chloride Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Purity Potassium Chloride Market Size Forecast by Type
9.6.1 Particle
9.6.2 Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Purity Potassium Chloride Market Size Forecast by Applications
9.10.1 Pharma
9.10.2 Cosmetics
9.10.3 Electronics
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Purity Potassium Chloride Analysis and Forecast
10.1 Introduction
10.2 Europe High Purity Potassium Chloride Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Purity Potassium Chloride Market Size Forecast by Type
10.6.1 Particle
10.6.2 Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Purity Potassium Chloride Market Size Forecast by Applications
10.10.1 Pharma
10.10.2 Cosmetics
10.10.3 Electronics
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Purity Potassium Chloride Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Purity Potassium Chloride Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Purity Potassium Chloride Market Size Forecast by Type
11.6.1 Particle
11.6.2 Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Purity Potassium Chloride Market Size Forecast by Applications
11.10.1 Pharma
11.10.2 Cosmetics
11.10.3 Electronics
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Purity Potassium Chloride Analysis and Forecast
12.1 Introduction
12.2 Latin America High Purity Potassium Chloride Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Purity Potassium Chloride Market Size Forecast by Type
12.6.1 Particle
12.6.2 Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Purity Potassium Chloride Market Size Forecast by Applications
12.10.1 Pharma
12.10.2 Cosmetics
12.10.3 Electronics
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Purity Potassium Chloride Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Purity Potassium Chloride Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Purity Potassium Chloride Market Size Forecast by Type
13.6.1 Particle
13.6.2 Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Purity Potassium Chloride Market Size Forecast by Applications
13.10.1 Pharma
13.10.2 Cosmetics
13.10.3 Electronics
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Purity Potassium Chloride Market: Competitive Dashboard
14.2 Global High Purity Potassium Chloride Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 K+S
14.3.2 ICL(ICL-IP)
14.3.3 Klinge Chemicals
14.3.4 Morton
14.3.5 Anmol Chemicals Group
14.3.6 Anaya
14.3.7 Hebei Huachen Pharmaceutical
14.3.8 Qinfen Pharmaceutical
14.3.9 Kolod
14.3.10 Taihua
14.3.11 K+S
