Market Overview:
The global industrial grade 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 electrolysis, paints and pigments, electroplating, metal processing, oil and gas production, and others. In addition, the growing demand for potassium chloride from emerging economies is also contributing to the growth of this market.
Product Definition:
Industrial grade potassium chloride is a type of potassium chloride that has been specifically designed for industrial use. It has a higher purity than other types of potassium chloride and is less likely to contain impurities. This makes it ideal for use in many industrial applications, such as water treatment, food production, and chemical manufacturing.
Particle:
Particle is a small particle made up of ceramic or metal. Particles are used in industries for various applications such as deicing, detergents, and soaps. They are also used in the food industry to improve the shelf life of processed foods by increasing its surface area which results in increased stability and longer shelf-life.
Powder:
Powder is a mixture of solid particles and liquid, which are both mixed in an appropriate ratio to produce the final product. The most commonly used raw material for producing powder is sodium chloride (NaCl). Other common products that are produced using powder technology include boric acid, hydrochloric acid, and silica gel.
The industry has been witnessing significant growth over the past few years on account of increasing demand from end-use industries such as agriculture & food processing.
Application Insights:
The global industrial grade potassium chloride market is segmented on the basis of application into electrolysis, paints and pigments, electroplating, metal plating, oil and gas production and others. The Electrolysis segment dominated the overall industry in terms of revenue share in 2017. This can be attributed to rising demand for clean energy sources such as solar panels and wind turbines coupled with growing investments by governments across the globe to promote renewable energy generation.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is anticipated to witness a significant growth rate of 5.6% over the forecast period. The region comprises several emerging economies, such as China, India, and Japan. Increasing industrialization coupled with growing demand for industrial goods in these countries is expected to drive potassium chloride market growth over the forecast period.
China emerged as a major consumer of KCl owing to rising production levels of soda ash there; however, it has been observed that consumption levels have been decreasing since 2014 due to economic slowdowns in some parts of China including Beijing and Shanxi provinces which are also major producers of Potassium Chloride (KCI).
Growth Factors:
- Increasing demand from the agricultural sector for potassium chloride as a fertilizer is expected to be a key growth driver for the industrial grade potassium chloride market over the forecast period.
- Growing demand for processed foods is also anticipated to fuel the growth of the industrial grade potassium chloride market in the near future.
- Rising awareness about the benefits of using potassium chloride as a fertilizer is projected to boost its demand in agriculture-based countries in Asia Pacific and Latin America over the forecast period.
- The increasing use of potassium chloride in water treatment applications is also expected to propel its growth during 2016-2024. 5) Growing investments by leading players operating in this market are likely to create new opportunities for players operating in this industry over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Grade Potassium Chloride Market Research Report
By Type
Particle, Powder, Crystal
By Application
Electrolysis, Paints and pigments, Electroplating, Metal, Oil and Gas, Others
By Companies
K + S, Ako Kasei, Parchem, SQM, Belaruskali, Vynova, ICL(ICL-IP), FInOrIC, Mosaic, Anmol Chemicals Group, Muby Chemicals, Surya Fine Chem
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Grade Potassium Chloride Market Report Segments:
The global Industrial Grade Potassium Chloride market is segmented on the basis of:
Types
Particle, Powder, Crystal
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
Electrolysis, Paints and pigments, Electroplating, Metal, Oil and Gas, 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
- Ako Kasei
- Parchem
- SQM
- Belaruskali
- Vynova
- ICL(ICL-IP)
- FInOrIC
- Mosaic
- Anmol Chemicals Group
- Muby Chemicals
- Surya Fine Chem
Highlights of The Industrial Grade 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
- Crystal
- By Application:
- Electrolysis
- Paints and pigments
- Electroplating
- Metal
- Oil and Gas
- 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 Industrial Grade 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Industrial grade potassium chloride is a white, crystalline powder that is used in industrial and agricultural applications. It is an important ingredient in fertilizers and detergents, as well as other products.
Some of the key players operating in the industrial grade potassium chloride market are K + S, Ako Kasei, Parchem, SQM, Belaruskali, Vynova, ICL(ICL-IP), FInOrIC, Mosaic, Anmol Chemicals Group, Muby Chemicals, Surya Fine Chem.
The industrial grade 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 Industrial Grade 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 Industrial Grade Potassium Chloride Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Grade 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 Industrial Grade 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 Industrial Grade Potassium Chloride Market Size & Forecast, 2018-2028
4.5.1 Industrial Grade Potassium Chloride Market Size and Y-o-Y Growth
4.5.2 Industrial Grade Potassium Chloride Market Absolute $ Opportunity
Chapter 5 Global Industrial Grade 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 Industrial Grade Potassium Chloride Market Size Forecast by Type
5.2.1 Particle
5.2.2 Powder
5.2.3 Crystal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Grade 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 Industrial Grade Potassium Chloride Market Size Forecast by Applications
6.2.1 Electrolysis
6.2.2 Paints and pigments
6.2.3 Electroplating
6.2.4 Metal
6.2.5 Oil and Gas
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Grade 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 Industrial Grade 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 Industrial Grade Potassium Chloride Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Grade 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 Industrial Grade Potassium Chloride Market Size Forecast by Type
9.6.1 Particle
9.6.2 Powder
9.6.3 Crystal
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 Industrial Grade Potassium Chloride Market Size Forecast by Applications
9.10.1 Electrolysis
9.10.2 Paints and pigments
9.10.3 Electroplating
9.10.4 Metal
9.10.5 Oil and Gas
9.10.6 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 Industrial Grade Potassium Chloride Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Grade 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 Industrial Grade Potassium Chloride Market Size Forecast by Type
10.6.1 Particle
10.6.2 Powder
10.6.3 Crystal
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 Industrial Grade Potassium Chloride Market Size Forecast by Applications
10.10.1 Electrolysis
10.10.2 Paints and pigments
10.10.3 Electroplating
10.10.4 Metal
10.10.5 Oil and Gas
10.10.6 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 Industrial Grade Potassium Chloride Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Grade 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 Industrial Grade Potassium Chloride Market Size Forecast by Type
11.6.1 Particle
11.6.2 Powder
11.6.3 Crystal
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 Industrial Grade Potassium Chloride Market Size Forecast by Applications
11.10.1 Electrolysis
11.10.2 Paints and pigments
11.10.3 Electroplating
11.10.4 Metal
11.10.5 Oil and Gas
11.10.6 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 Industrial Grade Potassium Chloride Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Grade 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 Industrial Grade Potassium Chloride Market Size Forecast by Type
12.6.1 Particle
12.6.2 Powder
12.6.3 Crystal
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 Industrial Grade Potassium Chloride Market Size Forecast by Applications
12.10.1 Electrolysis
12.10.2 Paints and pigments
12.10.3 Electroplating
12.10.4 Metal
12.10.5 Oil and Gas
12.10.6 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) Industrial Grade Potassium Chloride Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Grade 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) Industrial Grade Potassium Chloride Market Size Forecast by Type
13.6.1 Particle
13.6.2 Powder
13.6.3 Crystal
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) Industrial Grade Potassium Chloride Market Size Forecast by Applications
13.10.1 Electrolysis
13.10.2 Paints and pigments
13.10.3 Electroplating
13.10.4 Metal
13.10.5 Oil and Gas
13.10.6 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 Industrial Grade Potassium Chloride Market: Competitive Dashboard
14.2 Global Industrial Grade Potassium Chloride Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 K + S
14.3.2 Ako Kasei
14.3.3 Parchem
14.3.4 SQM
14.3.5 Belaruskali
14.3.6 Vynova
14.3.7 ICL(ICL-IP)
14.3.8 FInOrIC
14.3.9 Mosaic
14.3.10 Anmol Chemicals Group
14.3.11 Muby Chemicals
14.3.12 Surya Fine Chem
