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The global potassium chlorate market is estimated to grow during the forecast period 2024-2032 at a CAGR of 5%. The potassium chlorate market is driven by the increasing demand for wood pulp to manufacture paper and paperboard.
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The product is used in the production of chlorine oxide, which is primarily used as a bleaching agent in the pulp and paper industry. The cost-effectiveness and wide availability of potassium chlorate have led to a considerable demand for the same. Thus, the rising pulp and paper industry will aid the market growth of potassium chlorate in the forecast period.
Potassium chlorate is a versatile chemical compound that is commonly used in across multiple industries. It usually occurs as a white or colourless, crystalline, water-soluble solid. It is the most popular commercial use of chlorate. It is primarily used as an oxidizing agent in the manufacturing of flares, bombs, matches, disinfectants, bleaches, and potassium chlorate. Potassium chlorate is a heavy oxidant and readily reacts with compounds of sulphur, carbon, phosphorus, and organic matter.
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The potassium chlorate market can be broadly categorised based on application:
The EMR report looks into the regional potassium chlorate markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Many end-user industries are witnessing an increasing demand for potassium chlorate, which is aiding the potassium chlorate market growth. The demand can be due to several factors, such as the increasing demand for explosives in the defence industry, the rising use of pesticides, and the growing demand for smoke grenades. Potassium chlorate is also used to produce oxygen for laboratories and educational institutions. Also, potassium chlorate is used in the manufacture of chlorine oxide, a potent disinfectant that is commonly used in drinking water to kill disease-causing bacteria, viruses, protozoa, and odour-causing compounds.
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The report presents a detailed analysis of the following key players in the global potassium chlorate market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the potassium chlorate market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global potassium chlorate market is projected to grow at a CAGR of nearly 5% in the forecast period of 2024-2032.
The major drivers of the industry include rising disposable incomes, increasing population, rising use of pesticides, and the growing demand for smoke grenades.
The rising demand for explosives in the defence industry is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading application segment of the product in the market is explosives and matchstick manufacturing, among others.
The leading players in the market are Chenzhou Chenxi Metal Co. Ltd., Merck KGaA, Nouryon Chemicals Holding BV, Pangea Chemicals Pvt. Ltd., and Sandvik AB, among others.
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