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Global Potassium Chlorate Market Size, Share, Demand, Growth: By Application: Explosives and Matchstick Manufacturing, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Potassium Chlorate Market Outlook
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.
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.
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.
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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.
Key Highlights of the Report
| 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. |
*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 Opportunities and Challenges in the Market
8 Global Potassium Chlorate Market Analysis
8.1 Key Industry Highlights
8.2 Global Potassium Chlorate Historical Market (2018-2023)
8.3 Global Potassium Chlorate Market Forecast (2024-2032)
8.4 Global Potassium Chlorate Market by Application
8.4.1 Explosives and Matchstick Manufacturing
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Others
8.5 Global Potassium Chlorate Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Potassium Chlorate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Potassium Chlorate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Potassium Chlorate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Potassium Chlorate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Potassium Chlorate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Chenzhou Chenxi Metal Co. Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Merck KGaA
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Nouryon Holding BV
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Pangea Chemicals Pvt. Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Sandvik AB
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Potassium Chlorate Market: Key Industry Highlights, 2018 and 2032
2. Global Potassium Chlorate Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Potassium Chlorate Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Potassium Chlorate Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Potassium Chlorate Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2024-2032
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 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.
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 2024-2032, 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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