Potassium Derivatives Market Set for Rapid Growth and Trend, by 2027

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Potassium Derivatives Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

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Global Potassium Derivatives Market Key
Highlights

• The global potassium derivatives market was
  valued at US 12 Bn in 2018 and is anticipated
  to expand at a CAGR of 4 from 2019 to 2027.
• The demand for potassium derivatives such as
  potassium chloride has increased over the last
  few years. This trend is expected to continue
  throughout the forecast period.
• Muriate of potash (MOP) is commonly called
  potassium chloride (KCL). Potassium chloride is
  largely used as a fertilizer it is the
  third-largest crop nutrient group, next to
  nitrogen and phosphorous.

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Key Drivers of Potassium Derivatives Market

• Potassium derivatives are primarily employed in
  the manufacture of agricultural products such as
  fertilizers. Potassium derivatives are also
  employed in a wide range of non-agricultural
  applications, such as the manufacture of soaps,
  detergents, and pharmaceutical products.
• There has been exponential rise in the population
  in developing countries such as China, India, and
  Brazil. Significant growth in disposable income
  has led to improvements in lifestyle of the
  people.
• This, in turn, is anticipated to boost the demand
  for personal care and household care products
  such as soaps toiletries and detergents
  cleaners.
• Therefore, increase in the consumption of
  potassium derivatives in non-agricultural
  applications such as the manufacture of soaps
  detergents and pharmaceutical products is
  projected to drive the potassium derivatives
  market during the forecast period 

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Investments in Research Development to Offer
Lucrative Opportunities

• Investments in research development for product
  development are estimated to create lucrative
  opportunities for the manufacturers of potassium
  derivatives.
• Potassium
• derivatives are used in applications such as
  cleaning agents in wineries. Potassium
  derivatives are employed to clean the biofilms of
  bacteria and yeast inside tanks. This is
  estimated to fuel the demand for the feedstock of
  potassium derivatives, i.e. potassium hydroxide. 

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Leading Players Actively Engage in Joint Ventures
and RD Activities in Potassium Derivatives
Market

•  Unit Co Ltd
• Occidental Chemical Corporation
• Superior Plus Corp
• Erco Worldwide INC
• Ashta Chemicals.

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