Potassium Derivatives Market Estimated to Expand at a Robust CAGR by 2027

1. Potassium Derivatives Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved

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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. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

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.  ©2019 Transparency Market Research, All Rights Reserved

6. Leading Players Actively Engage in Joint Ventures and R&D Activities in Potassium Derivatives Market Israel Chemicals Nutrein K+S Group Uralkali Arab Potash. ©2019 Transparency Market Research, All Rights Reserved

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