Potassium Chloride Market 2013 – 2019
The global potassium chloride market will leverage from the growing fertilizers industry, states a report published recently by Transparency Market Research. The report, titled “Potassium Chloride Market – studies the present dynamics and causality of the global potassium chloride market. The global potassium chloride market was valued at US$21.67 billion in 2012 and it is anticipated to reach US$32.87 billion by the end of 2019. If the value holds true, the market is likely to exhibit an impressive 10.8% CAGR between 2013 and 2019. In terms of volume demanded, the global potassium chloride market stood at 51,000.0 kilo tons in 2012. Capitalizing on the flourishing fertilizer industry, the potassium chloride market is expected to witness a positive growth rate during the forecast period. The demand for potash fertilizers has significantly increased in the last couple of years, fuelled by the accelerating demand for organic food.
Browse Potassium Chloride Market Report with Full TOC at http://www.transparencymarketresearch.com/potassium-chloride-market.html
The report has cited this trend as a major factor driving the potassium chloride market. However, disparate pricing structure of potassium chloride can negatively impact the growth prospects of the potassium chloride market, says the report. Nevertheless, escalating use of potassium chloride in bio-fertilizers will create increased opportunities for the producers to capitalize on in the near future.
Among the different segments based on application, fertilizers led the global potassium chloride market in 2012. An increasing number of industries uses potash fertilizers, which constitute the key industrial use of potassium chloride. The market for KCI in fertilizers is projected to register fastest growth, expanding at 5.1% CAGR during the forecast period. Findings of the report indicate positive growth in the application of KCI across diversified industrial uses. Germany and North America are identified as the major producers of industrial grade potash, with U.S. leading the industry as the largest consumer of potash, which is increasingly used in water applications in the country.
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Among the key geographic segments, Asia Pacific is cited as the largest market for potassium chloride, which was valued at US$9.56 billion in 2012. “Highly prevalent agricultural activities in the region will boost the potassium chloride market in Asia Pacific”, says a lead TMR analyst. The region is also expected to witness fastest growth on account of enhanced agricultural productivity spurred by modernizing practices and equipment introduced by regulatory bodies. The development trends in agriculture, will therefore boost the potassium chloride market in the region. Countries encompassed with the Rest of the World region emerged as the second largest consumer of potassium chloride. Developing economies such as Brazil have registered increasing demand for KCI, which is used in the feedstock for biofuels. This is expected to fuel the demand for potash fertilizers in Latin America, and thereby boost the global potassium chloride market.
Potassium Chloride Market – Application Analysis
- Others (Feed, food products, etc.)
Potassium Chloride Market – Regional Analysis
- North America
- Rest of the World (RoW)
Browse Press Release Of Potassium Chloride Market http://www.transparencymarketresearch.com/pressrelease/potassium-chloride-market.htm
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