Market Overview:
The global potassium perchlorate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for potassium perchlorate in various applications such as explosives, fireworks, pharmacy, and others. In addition, the growing demand for potassium perchlorate from emerging economies is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period. On the basis of type, industrial grade accounted for a major share of the global potassium perchlorate market in 2017. This can be attributed to its widespread use across various industries such as mining & quarrying and manufacturing sectors.
Product Definition:
Potassium perchlorate is an inorganic salt with the formula KClO4. It is a white solid that is soluble in water. Potassium perchlorate is used as a powerful oxidizer, e.g., in fireworks and rocket propellants.
Industrial Grade:
Industrial grade is a high purity form of potassium perchlorate which has been processed to remove any trace of moisture and other impurities. It is used in various applications such as electronics, aerospace, military explosives, pyrotechnics and fireworks among others. The primary function of industrial grade is to produce red light or flame for various processes in the aforementioned industries.
Medical Grade:
Medical-grade is used in the production of Potassium Perchlorate which is a key ingredient for rocket fuel. It has wide applications in the medical industry and hence it has gained importance over the past few years. Medical grade potassium perchlorate can be used as an ingredient for producing vaccines, antibiotics, and other pharmaceutical products.
Application Insights:
The potassium perchlorate market is categorized by application into explosive, fireworks, pharmacy, and others. The explosive segment dominated the overall market in terms of revenue share in 2017. It is also expected to be the fastest-growing segment over the forecast period owing to its wide applications such as mining & quarrying and agriculture. Explosive products derived from potassium perchlorate are widely used across various industries including construction, automotive & transportation and energy for their blasting capabilities.
The firework industry has been growing significantly across several countries worldwide due to rising consumer preference for colorful celebrations coupled with increasing disposable income levels among middle-class population groups especially in Asia Pacific region. Increasing number of firework festivals held annually throughout the world has further accelerated product demand during these occasions which usually lasts for few days or weeks at a time depending upon size of celebration being held; this trend is expected to continue over next few years thereby driving global potassium perchlorate market growth over forecast period.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for potassium perchlorate from key end-use industries such as aerospace, defense, and electronics. In addition, growing investments by domestic manufacturers are anticipated to drive industry expansion over the coming years.
The U.S., which is one of the major producers and consumers of this product across North America, accounted for a major share in its domestic production owing to easy availability of raw materials at low cost coupled with high productivity levels attained by its state-of-the-art manufacturing facilities located throughout Florida and Texas states along with California and New Mexico states respectively (U S Geological Survey 2016).
Growth Factors:
- Increasing demand for potassium perchlorate in the fireworks and explosives industry as a propellant and oxidizer.
- Growing use of potassium perchlorate in the agricultural sector as a fertilizer to improve crop yield.
- Rising demand for potassium perchlorate from the medical industry as an ingredient in various drugs and treatments.
- Increasing popularity of potassium perchlorate among researchers for its potential use in energy storage devices and other technological applications.
- Growing awareness about the benefits of using potassium perchlorate among consumers, which is likely to boost demand over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Perchlorate Market Research Report
By Type
Industrial Grade, Medical Grade
By Application
Explosive, Fireworks, Pharmacy, Others
By Companies
Yongning Tech, Yatai Dianhua, Yanlingxian Chuanxing Huagongchang, Liuyang Huagongchang, fuzhou Yihua Huxuepin, Sichuan Changhuahongguang Yanhuagong, Suiningxian Lvzhouhuagong, Yongzhou Lingling sanxiang dianhua, Yongzhou Jiuxing huagong, Lanzhou Taibang Huagong Tech
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Perchlorate Market Report Segments:
The global Potassium Perchlorate market is segmented on the basis of:
Types
Industrial Grade, Medical Grade
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
Explosive, Fireworks, Pharmacy, 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:
- Yongning Tech
- Yatai Dianhua
- Yanlingxian Chuanxing Huagongchang
- Liuyang Huagongchang
- fuzhou Yihua Huxuepin
- Sichuan Changhuahongguang Yanhuagong
- Suiningxian Lvzhouhuagong
- Yongzhou Lingling sanxiang dianhua
- Yongzhou Jiuxing huagong
- Lanzhou Taibang Huagong Tech
Highlights of The Potassium Perchlorate 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:
- Industrial Grade
- Medical Grade
- By Application:
- Explosive
- Fireworks
- Pharmacy
- 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 Potassium Perchlorate 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Potassium perchlorate is a white, crystalline powder that is used as a oxidizer and explosive. It can be found in fireworks and mining explosives.
Some of the major players in the potassium perchlorate market are Yongning Tech, Yatai Dianhua, Yanlingxian Chuanxing Huagongchang, Liuyang Huagongchang, fuzhou Yihua Huxuepin, Sichuan Changhuahongguang Yanhuagong, Suiningxian Lvzhouhuagong, Yongzhou Lingling sanxiang dianhua, Yongzhou Jiuxing huagong, Lanzhou Taibang Huagong Tech.
The potassium perchlorate 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 Potassium Perchlorate 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 Potassium Perchlorate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Potassium Perchlorate 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 Potassium Perchlorate 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 Potassium Perchlorate Market Size & Forecast, 2020-2028
4.5.1 Potassium Perchlorate Market Size and Y-o-Y Growth
4.5.2 Potassium Perchlorate Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Industrial Grade
5.2.2 Medical Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Explosive
6.2.2 Fireworks
6.2.3 Pharmacy
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Potassium Perchlorate 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 Potassium Perchlorate 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Industrial Grade
9.6.2 Medical Grade
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 Market Size Forecast by Applications
9.10.1 Explosive
9.10.2 Fireworks
9.10.3 Pharmacy
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Industrial Grade
10.6.2 Medical Grade
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 Market Size Forecast by Applications
10.10.1 Explosive
10.10.2 Fireworks
10.10.3 Pharmacy
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Industrial Grade
11.6.2 Medical Grade
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 Market Size Forecast by Applications
11.10.1 Explosive
11.10.2 Fireworks
11.10.3 Pharmacy
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Industrial Grade
12.6.2 Medical Grade
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 Market Size Forecast by Applications
12.10.1 Explosive
12.10.2 Fireworks
12.10.3 Pharmacy
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Industrial Grade
13.6.2 Medical Grade
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) Market Size Forecast by Applications
13.10.1 Explosive
13.10.2 Fireworks
13.10.3 Pharmacy
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 Potassium Perchlorate Market: Competitive Dashboard
14.2 Global Potassium Perchlorate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yongning Tech
14.3.2 Yatai Dianhua
14.3.3 Yanlingxian Chuanxing Huagongchang
14.3.4 Liuyang Huagongchang
14.3.5 fuzhou Yihua Huxuepin
14.3.6 Sichuan Changhuahongguang Yanhuagong
14.3.7 Suiningxian Lvzhouhuagong
14.3.8 Yongzhou Lingling sanxiang dianhua
14.3.9 Yongzhou Jiuxing huagong
14.3.10 Lanzhou Taibang Huagong Tech
