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Global Potassium Chlorate Market: By Application: Explosives and Matchstick Manufacturing, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments
Global Potassium Chlorate Market Outlook
The global potassium chlorate market is estimated to grow during the forecast period 2023-2028 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.
Properties and Applications
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:
- Explosives and Matchstick Manufacturing
- Others
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.
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Market Analysis
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.
Competitive Landscape
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:
- Chenzhou Chenxi Metal Co. Ltd.
- Merck KGaA (ETR: MRK)
- Nouryon Chemicals Holding BV
- Pangea Chemicals Pvt. Ltd.
- Sandvik AB
- Others
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Explosives and Matchstick Manufacturing, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Chenzhou Chenxi Metal Co. Ltd., Merck KGaA (ETR: MRK), Nouryon Chemicals Holding BV, Pangea Chemicals Pvt. Ltd., Sandvik AB (STO: SAND), Others |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Potassium Chlorate Market Analysis
8.1 Key Industry Highlights
8.2 Global Potassium Chlorate Historical Market (2018-2022)
8.3 Global Potassium Chlorate Market Forecast (2023-2028)
8.4 Global Potassium Chlorate Market by Application
8.4.1 Explosives and Matchstick Manufacturing
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Others
8.5 Global Potassium Chlorate Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Price Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Chenzhou Chenxi Metal Co. Ltd.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Merck KGaA
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Nouryon Holding BV
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Pangea Chemicals Pvt. Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Sandvik AB
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Potassium Chlorate Market: Key Industry Highlights, 2018 and 2028
2. Global Potassium Chlorate Historical Market: Breakup by Application (USD Million), 2018-2022
3. Global Potassium Chlorate Market Forecast: Breakup by Application (USD Million), 2023-2028
4. Global Potassium Chlorate Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Potassium Chlorate Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Global Potassium Chlorate Market Structure
Key Questions Answered in the Report
The global potassium chlorate market is projected to grow at a CAGR of nearly 5% in the forecast period of 2023-2028.
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.
Analyst Review
The global potassium chlorate market is majorly being driven by the growing demand for smoke grenades. Aided by the rising demand for pesticides, the industry is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on applications, the market can be segmented into explosives and matchstick manufacturing, among others. The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Chenzhou Chenxi Metal Co. Ltd., Merck KGaA, Nouryon Chemicals Holding BV, Pangea Chemicals Pvt. Ltd., and Sandvik AB, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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