Market Overview:
The global potassium chloride market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for potassium chloride from fertilizer applications, industrial applications, pharmaceutical applications, and other applications. The North America region is expected to dominate the global potassium chloride market during the forecast period owing to the presence of key players in this region and rising demand for potassium chloride from various end-use industries.
Product Definition:
Potassium chloride is a mineral that is found in many foods and also available as a dietary supplement. It is used as an electrolyte to help maintain fluid balance, nerve function, and muscle contraction.
Powder:
Powder is a solid form of the product, which is used in various end-use industries such as agriculture, food & beverage and chemical. The industry has witnessed growth over the past few years owing to its increasing usage in potassium chloride (KCl) production.
The KCl market was previously dependent on imports from China; however, with growing demand for the product within North America.
Crystal:
Crystal is a solid form of an ionic compound. It's formed by the combination of two or more elements and has a unique shape. Crystal structure allows them to have different properties from other compounds such as hardness, strength, purity, and chemical composition. Some crystals are used in industries for their beneficial properties such as X-ray diffraction property which can be used to examine the purity of drugs or food products etc.
Application Insights:
The global potassium chloride market is segmented on the basis of applications into fertilizers, industrial, pharmaceutical and other applications. The fertilizer application segment accounted for a share of over 60% in 2017. This high share is attributable to the extensive use as a crop nutrient by farmers across the globe. Potassium plays an important role in plant metabolism and development; it provides plants with energy during photosynthesis and helps them resist cold temperatures as well as cope with low soil water content. Thus, increasing demand for agricultural products globally has led to increased utilization of these salts in farming activities over the past few years.
Regional Analysis:
Asia Pacific was the largest market for potassium chloride, accounting for a share of more than 45.0% in 2017. The region is expected to witness significant growth over the forecast period owing to rising product demand from various end-use industries including agriculture, manufacturing, and pharmaceuticals. China is one of the major producers and consumers of potassium chloride across this region due to presence of large scale fertilizer manufacturers in this country along with other factors such as low production cost coupled with easy availability of labor & raw materials are responsible for driving industry growth in China over past few years.
Europe was estimated as second-largest regional market followed by North America on account that Europe has some major countries like Russia and Germany which are also two prominent markets where product consumption is high due to its application scope in numerous industrial sectors including fertilizers, food processing etc., Whereas U.
Growth Factors:
- Increasing demand for potassium chloride from the agricultural sector as a fertilizer due to its high potassium content is expected to be a key growth driver for the market over the next few years.
- Growing demand for processed foods is also projected to boost the demand for potassium chloride in food and beverage applications, thereby propelling market growth.
- Rising awareness about the health benefits of consuming potassium chloride is another key factor that is anticipated to fuel market growth in the near future.
- The increasing use of potassium chloride as an ingredient in various personal care products is also expected to propel market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Chloride Market Research Report
By Type
Powder, Crystal, Big Granule
By Application
Fertilizer Applications, Industrial Applications, Pharmaceutical Applications, Other Applications
By Companies
Nutrien, Uralkali, Mosaic, Belaruskali, Israel Chemicals, QingHai Salt Lake Industry, K+S, SQM, Intrepid Potash, APC
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Chloride Market Report Segments:
The global Potassium Chloride market is segmented on the basis of:
Types
Powder, Crystal, Big Granule
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
Fertilizer Applications, Industrial Applications, Pharmaceutical Applications, Other Applications
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:
- Nutrien
- Uralkali
- Mosaic
- Belaruskali
- Israel Chemicals
- QingHai Salt Lake Industry
- K+S
- SQM
- Intrepid Potash
- APC
Highlights of The 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:
- Powder
- Crystal
- Big Granule
- By Application:
- Fertilizer Applications
- Industrial Applications
- Pharmaceutical Applications
- Other Applications
- 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 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?
Potassium chloride is a white, crystalline salt that is used as a food additive and in chemical manufacturing. It is also used as an antacid and to control blood pressure.
Some of the major companies in the potassium chloride market are Nutrien, Uralkali, Mosaic, Belaruskali, Israel Chemicals, QingHai Salt Lake Industry, K+S, SQM, Intrepid Potash, APC.
The potassium chloride market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Potassium Chloride Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Potassium Chloride Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Potassium Chloride Market - Supply Chain
4.5. Global Potassium Chloride Market Forecast
4.5.1. Potassium Chloride Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Potassium Chloride Market Size (000 Units) and Y-o-Y Growth
4.5.3. Potassium Chloride Market Absolute $ Opportunity
5. Global Potassium Chloride Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Potassium Chloride Market Size and Volume Forecast by Type
5.3.1. Powder
5.3.2. Crystal
5.3.3. Big Granule
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Potassium Chloride Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Potassium Chloride Market Size and Volume Forecast by Application
6.3.1. Fertilizer Applications
6.3.2. Industrial Applications
6.3.3. Pharmaceutical Applications
6.3.4. Other Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Potassium Chloride Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Potassium Chloride Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Potassium Chloride Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Potassium Chloride Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Potassium Chloride Demand Share Forecast, 2019-2026
9. North America Potassium Chloride Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Potassium Chloride Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Potassium Chloride Market Size and Volume Forecast by Application
9.4.1. Fertilizer Applications
9.4.2. Industrial Applications
9.4.3. Pharmaceutical Applications
9.4.4. Other Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Potassium Chloride Market Size and Volume Forecast by Type
9.7.1. Powder
9.7.2. Crystal
9.7.3. Big Granule
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Potassium Chloride Demand Share Forecast, 2019-2026
10. Latin America Potassium Chloride Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Potassium Chloride Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Potassium Chloride Market Size and Volume Forecast by Application
10.4.1. Fertilizer Applications
10.4.2. Industrial Applications
10.4.3. Pharmaceutical Applications
10.4.4. Other Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Potassium Chloride Market Size and Volume Forecast by Type
10.7.1. Powder
10.7.2. Crystal
10.7.3. Big Granule
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Potassium Chloride Demand Share Forecast, 2019-2026
11. Europe Potassium Chloride Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Potassium Chloride Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Potassium Chloride Market Size and Volume Forecast by Application
11.4.1. Fertilizer Applications
11.4.2. Industrial Applications
11.4.3. Pharmaceutical Applications
11.4.4. Other Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Potassium Chloride Market Size and Volume Forecast by Type
11.7.1. Powder
11.7.2. Crystal
11.7.3. Big Granule
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Potassium Chloride Demand Share, 2019-2026
12. Asia Pacific Potassium Chloride Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Potassium Chloride Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Potassium Chloride Market Size and Volume Forecast by Application
12.4.1. Fertilizer Applications
12.4.2. Industrial Applications
12.4.3. Pharmaceutical Applications
12.4.4. Other Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Potassium Chloride Market Size and Volume Forecast by Type
12.7.1. Powder
12.7.2. Crystal
12.7.3. Big Granule
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Potassium Chloride Demand Share, 2019-2026
13. Middle East & Africa Potassium Chloride Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Potassium Chloride Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Potassium Chloride Market Size and Volume Forecast by Application
13.4.1. Fertilizer Applications
13.4.2. Industrial Applications
13.4.3. Pharmaceutical Applications
13.4.4. Other Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Potassium Chloride Market Size and Volume Forecast by Type
13.7.1. Powder
13.7.2. Crystal
13.7.3. Big Granule
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Potassium Chloride Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Potassium Chloride Market: Market Share Analysis
14.2. Potassium Chloride Distributors and Customers
14.3. Potassium Chloride Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nutrien
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Uralkali
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mosaic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Belaruskali
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Israel Chemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. QingHai Salt Lake Industry
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. K+S
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SQM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Intrepid Potash
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. APC
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
