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Thursday, September 23, 2021

Global Potassium Chlorate Market to be Driven by the Augmenting Demand from Various End Use Industries in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Potassium Chlorate Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global potassium chlorate market, assessing the market based on its segments like application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 5%

Potassium chlorate is utilized for producing chlorine oxide, used for the purpose of bleaching in the pulp and paper industry. The growing paper and pulp industry is anticipated to support the growth of potassium chlorate in the forecast period 2021-2026. Additionally, due to its cost-effectiveness and convenient availability, potassium chlorate witnesses high demand from the paper and pulp industry.

Industry Definition and Major Segments

Potassium chlorate is a chemical compound that usually occurs as a white or colourless, crystalline, water-soluble solid. It is the most popular commercial use of chlorate and is primarily used as an oxidizing agent as it readily reacts with compounds of sulphur, carbon, phosphorus, and organic matter.

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On the basis of application, the market is segmented into:

  • Explosives and Matchstick Manufacturing
  • Others

The major regional markets include:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Market Trends

A variety of industries find application of potassium chlorate which is supporting its market growth. Increasing focus on defence and security, worldwide, is leading to heightened demand for explosives in this sector. The growing demand for smoke grenades is also propelling the market for potassium chlorate. Other factors that are catering to the demand of potassium chlorate include, rising use of pesticides and its utilization in laboratories and educational institutions to produce oxygen. It is also used in manufacturing chlorine, a potent disinfectant, generally used to kill disease-causing bacteria, virus, protozoa, and odour-causing compounds in drinking water.

Key Market Players

The major players in the market are Chenzhou Chenxi Metal Co. Ltd., Merck KGaA, Nouryon Chemicals Holding BV, Pangea Chemicals Pvt. Ltd., Sandvik AB, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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