Global Potassium Chloride Market is expected to grow at a CAGR of 11.5% from 2017 to 2025
Portland, OR -- (SBWIRE) -- 09/20/2017 -- Global Potassium Chloride Market is expected to grow at a CAGR of 11.5% from 2017 to 2025. Potassium chloride (KCl) is a halide salt made of chlorine and potassium and is available in amorphous as well as crystalline form. The salt was used earlier as a fire-retardant in portable fire extinguishers and currently finds application as an optic crystal. KCl is also used as a drug and an industrial carrier in many capacities.
The global potassium chloride market is segmented based on application and geography. Based on application, the market is bifurcated into fertilizers, pharmaceuticals, industrial sector and others. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.
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- Increasing demand from the fertilizer industry is expected to increase the demand for potassium chloride.
- Rising health concerns regarding chemical fertilizers have hampered growth of the potassium chloride market.
- Fluctuating price of potassium chloride has led in a decrease in the consumption of potassium chloride.
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The top players in the global potassium chloride market include Agrium Inc., Arab Potash Company (APC), JSC Belaruskali, The Mosaic Company, Israel Chemicals Ltd., K+S AG, Potash Corporation of Saskatchewan Inc., Uralkali, Kajaria Ceramics Limited, and Sociedad Qumica y Minerade Chile (SQM).
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Table Of Contents:
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
4. Market By Application
4.1.1. Historical Market Size by Region, 2014-2016
4.1.2. Market Forecast by Region, 2017-2025