Potassium Derivatives Market to Receive Overwhelming Hike in Revenues by 2028 - PowerPoint PPT Presentation

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Potassium Derivatives Market to Receive Overwhelming Hike in Revenues by 2028

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Title: Potassium Derivatives Market to Receive Overwhelming Hike in Revenues by 2028


1
Potassium Derivatives Market
  • Global Industry Analysis, Size, Share, Growth,
    Trends and Forecast, 2027

2
About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
    for thousands of decision-makers. We have an
    experienced team of Analysts, Researchers, and
    Consultants, who use proprietary data sources and
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    analyze information. Our business offerings
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    tion indispensable for businesses to sustain a
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  • Each TMR Syndicated Research report covers a
    different sectorsuch as pharmaceuticals,
    chemical, energy, food beverages,
    semiconductors, med-devices, consumer goods, and
    technology. These reports provide in-depth
    analysis and deep segmentation to possible micro
    levels. With a wider scope and stratified
    research methodology, our syndicated reports
    strive to serve clients and satisfy their overall
    research requirement.

3
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.
  • Potassium chloride, a potassium derivative, is
    essential to ensure the quality and yield of the
    crop, due to the continued growth of the global
    population.

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4
Key Drivers of Potassium Derivatives Market
  • Potassium derivatives are primarily employed in
    the manufacture of agricultural products such as
    fertilizers. 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 

5
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. 

6
Leading Players Actively Engage in Joint Ventures
and RD Activities in Potassium Derivatives
Market
  • Israel Chemicals
  • Nutrein
  • KS Group
  • Uralkali
  • Arab Potash.

7
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