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


Potassium Derivatives Market to Receive Overwhelming Hike in Revenues by 2028 – PowerPoint PPT presentation

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

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

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Global Potassium Derivatives Market Key
  • 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

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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
  • 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 

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
  • 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. 

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

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