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  • Potassium Chloride Market Is Growing At A CAGR Of 10.8% From 2013 To 2019. By Transparency Market Research. 0 comments
    Jul 22, 2014 5:15 AM

    Potassium Chloride Market was valued at USD 21.67 billion in 2013 and is expected to reach USD 32.87 billion in 2019, growing at a CAGR of 10.8% from 2013 to 2019. In terms of volume, the global demand for potassium chloride was 51,000.0 kilo tons in 2013.Potassium Chloride Market was valued at USD 21.67 billion in 2013 and is expected to reach USD 32.87 billion in 2019, growing at a CAGR of 10.8% from 2013 to 2019. In terms of volume, the global demand for potassium chloride was 51,000.0 kilo tons in 2013.

    Browse the full Potassium Chloride Market Report at http://www.transparencymarketresearch.com/potassium-chloride-market.html

    Growth of the fertilizer industry is expected to be one of the major factors driving the demand for potassium chloride over the next few years. In addition, increasing demand for organic food has contributed towards the growing consumption of potash fertilizers, thereby boosting the potassium chloride market over the next few years. However, significant price fluctuations of potassium chloride are expected to make a severe impact on the growth of the market over the forecast period. Increasing use of potassium chloride as potash mobilizing biofertilizers is expected to provide new opportunities for the growth of the market.

    Demand for potassium chloride was the highest from the fertilizer application segment in 2012. Various potash fertilizers are used in the industry which constitutes the largest global industrial use of potassium chloride. Moreover, the market for KCl in fertilizers is expected to witness the fastest growth over the forecast period, rising at a CAGR of 5.1% from 2013 to 2019. Application of KCl for industrial purposes is expected to witness noticeable growth where majority of industrial grade potash is produced in Germany and North America with U.S. being the largest consumer in certain water treatment applications.

    Asia Pacific was the largest market for potassium chloride and was valued at USD 9.56 billion in 2012 on account of highly prevalent agricultural activities. In addition, this region is expected to witness the fastest growth rate owing to improved agricultural productivity governed by regulatory bodies by modernizing practices and equipments. Regions present in rest of the world (RoW) were the second largest consumer for potassium chloride. The market for KCl in emerging economies such as Brazil is rapidly growing as it is a major supplier of feedstock for biofuels, which in turn is anticipated to stimulate the demand for potash fertilizers in Latin America.

    Potassium Chloride Market - Application Analysis

    Fertilizers

    Pharmaceuticals

    Industrial

    Others (Feed, food products, etc.)

    Potassium Chloride Market - Regional Analysis

    North America

    Europe

    Asia-Pacific

    Rest of the World (RoW)

    For Sample Report Visit On:

    http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1432

    About Us

    Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

    Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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