Global Potassium Chlorate Market 2019-2023

Some of the key findings from our potassium chlorate market forecast report are summarized below

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Global Potassium Chlorate Industry Overview

The demand for wood pulp for manufacturing paper and paperboard is increasing. Potassium chloride is used to produce chlorine oxide, which is widely used as a bleaching agent in the pulp and paper industry. Chlorine oxide is used to bleach wood pulp for manufacturing high-quality and environment-friendly white paper products. The demand for potassium chlorate is high in the pulp and paper industry because of its wide availability and cost-effectiveness. Thus, the growth of the pulp and paper industry is one of the key potassium chlorate market trends that will fuel its growth in the coming years.

The demand for potassium chlorate is increasing from several end-user industries. The demand can be attributed to factors such as the rising need for explosives in the defense industry, increasing use of potassium-chlorate based pesticides, and growing requirement for smoke grenades. Potassium chlorate is also used in laboratories and educational institutions to produce oxygen. Moreover, potassium chlorate is used for manufacturing chlorine oxide, which is a powerful disinfectant and widely used in drinking water to eliminate disease-causing bacteria, viruses, protozoa, and odor-causing compounds. The increasing demand for potassium chlorate from end-user industries will drive the growth of the market at a CAGR of almost 4% during the forecast period.

Top Potassium Chlorate Companies Covered in this Market Research Report

The global potassium chlorate market is fragmented. To help clients improve their market positions, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This potassium chlorate market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies in creating strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading potassium chlorate manufacturers, including:

• Chenzhou Chenxi Metals Co. Ltd.
• Merck KGaA
• Nouryon Chemicals Holding BV
• Pangea Chemicals Pvt. Ltd.
• Sandvik AB

Potassium Chlorate Market Segmentation Based on Application

• Explosives and matchstick manufacturing
• Others

The explosives and matchstick manufacturing segment will account for the highest potassium chlorate market share. Potassium chlorate is used for manufacturing explosives and matchstick. Therefore, the rising demand for mining explosives and increasing production of matchsticks will fuel the demand for potassium chlorate. The report provides an accurate prediction of the contribution of all the segments to the growth of the potassium chlorate market size.

Potassium Chlorate Market Segmentation Based on Geographic Region

• APAC
• Europe
• MEA
• North America
• South America

With a complete study of the growth opportunities for the companies, it has been identified that North America will account for the highest share of the potassium chlorate market throughout the forecast period. Factors such as increasing demand for explosives and rising consumption of pulp, paper, and paperboard, and agricultural pesticides are contributing to the potassium chlorate market growth in this region.

Key Highlights of the Global Potassium Chlorate Market for the Forecast Years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the potassium chlorate market during the next five years
• Precise estimation of the global potassium chlorate market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the potassium chlorate industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of potassium chlorate companies

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