Potassium Chloride Market for Fertilizers, Pharmaceuticals, Industrial and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast 2014 - 2020
Deerfield Beach, FL -- (SBWIRE) -- 05/30/2017 -- Zion Market Research has published a new report titled "Potassium Chloride Market for Fertilizers, Pharmaceuticals, Industrial and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast 2014 - 2020." According to the report, global demand for potassium chloride market was valued at USD around 19.5 billion in 2014 and is expected to generate revenue of USD 33.0 billion by end of 2020, growing at a CAGR of 7.8% between 2015 and 2020. In terms of volume, the Global potassium chloride market stood at 55 million tons in 2014.
Potassium chloride (KCl), composed of chlorine and potassium, is an odorless metal halide salt with a colorless crystal-like appearance. It is also known as potash muriate. It is metal halide salt composed of potassium and chloride. It is a naturally occurring mineral which is formed by the evaporation of ancient sea beds. The compound is also known as Muriate of Potash (MOP), which is generally used in association with its use as a fertilizer. It is a white or colorless solid that has a powdery, crystalline appearance. It is soluble in water and very a little soluble in ethanol.
Request For free Sample Report: https://goo.gl/2alXht
Potassium chloride is used in medicine, scientific applications, food processing, photography, consumer food products and industrial. Potassium is an important nutrient for plants and it is existence a good source of potassium, is mostly used as a fertilizer. It is used as a melting agent and has a fertilizing value after the ice melts. It is also used in water softeners to replace calcium in the water. Rising health concerns associated with use of chemical fertilizers and ever fluctuating raw materials prices are expected to present the major challenge to the industry participants.
Fertilizers, pharmaceuticals, industrial and others (Feed, food products, etc.) are the key application industries for potassium chloride. Potassium chloride market is mainly driven by rising demand for potash fertilizers. It is expected to be the fastest growing application segment during the forecast period. The highest demand for potassium chloride is from the fertilizer industry and it accounted for the very large share of the total volume consumed in 2014. Industrial application segment was the second leading application market with over 5% share of the total volume consumed in 2014. However, fertilizers are expected to be the fastest growing application market for potassium chloride in the years to come.
Request For Free Price Quotations https://goo.gl/yXfClK
Potassium chloride market is growing across the different regions like North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Potassium chloride market was led by strong demand from Asia Pacific and Latin America. Strong demand for potash fertilizers in China, India, and Brazil has resulted in a growth of the potassium chloride market in the region. Asia Pacific accounted for over 40% share of the total market in 2014. It is also expected to exhibit fastest CAGR over the forecast period.
The prominent manufactures profiled within the report include Agrium Inc., Arab Potash Company, PotashCorp, The Mosaic Company, JSC Belaruskali, and Uralkali among others.
Browse detail report at: http://www.marketresearchstore.com/report/potassium-chloride-market-for-fertilizers-pharmaceuticals-industrial-and-z37212
About Zion Market Research
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
3422 SW 15 Street,Suite #8138
Deerfield Beach, Florida 33442
Toll Free: 855-465-4651 (USA-CANADA)
Visit Our Blog: https://marketresearchstore2017.wordpress.com