Global Potassium Chlorate Market Report and Forecast 2023-2028

Global Potassium Chlorate Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global potassium chlorate market is projected to grow at a CAGR of 5% between 2023 and 2028. Aided by the rising applications in various sectors, including agriculture and the chemical industry, the market is expected to grow significantly by 2028.

Potassium chlorate, a white crystalline substance, is extensively recognised for its potent oxidising properties. It's primarily formed through the electrolysis of a sodium chloride solution. Being a vital precursor in the production of oxygen, it finds pivotal application in the formulation of oxygen candles, which are specifically utilised in submarines and spacecraft. Further, its extensive use as a powerful herbicide, particularly in the cultivation of sugarcane, and as a crucial ingredient in safety matches and fireworks, underlines its global demand.

One of the foremost catalysts for the potassium chlorate market growth is its increasing application in the agricultural sector. As population figures surge and arable land shrinks, the need for efficient herbicides to maximise yields has gained paramount importance. Potassium chlorate, with its highly effective weed control properties, especially in sugarcane plantations, is becoming the preferred choice among farmers and agriculturists.

Additionally, the incessant rise in the pyrotechnics industry, stimulated by cultural festivals, national holidays, and public celebrations, is intensifying the potassium chlorate market demand. As an indispensable ingredient in fireworks, its demand surges periodically, aligning with global festivities.

In the realms of safety, potassium chlorate's application in the creation of safety matches underscores its significance. Even as electronic lighters and other modern ignition methods emerge, the demand for traditional safety matches, especially in developing nations, remains robust, lending consistent support to the market expansion.

On the innovation frontier, research initiatives are underway to develop more efficient and safer synthesis methods for potassium chlorate. Additionally, efforts to blend it with other substances to reduce its overall environmental impact, especially when used as a herbicide, are being pursued. In geographical terms, North America holds a significant portion of the potassium chlorate market share, driven by the growing expansion of the end use sectors such as agriculture and industrial.

Market Segmentation

The market can be divided based on application and region.

Market Breakup by Application
  • Explosives and Matchstick Manufacturing
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global potassium chlorate market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Chenzhou Chenxi Metal Co. Ltd.
  • Merck KGaA
  • Nouryon Holding BV
  • Pangea Chemicals Pvt. Ltd.
  • Sandvik AB
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2018-2022)
8.3 Global Potassium Chlorate Market Forecast (2023-2028)
8.4 Global Potassium Chlorate Market by Application
8.4.1 Explosives and Matchstick Manufacturing
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Others
8.5 Global Potassium Chlorate Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America Potassium Chlorate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Potassium Chlorate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Potassium Chlorate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.2 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Potassium Chlorate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Potassium Chlorate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
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 2028
2. Global Potassium Chlorate Historical Market: Breakup by Application (USD Million), 2018-2022
3. Global Potassium Chlorate Market Forecast: Breakup by Application (USD Million), 2023-2028
4. Global Potassium Chlorate Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Potassium Chlorate Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Potassium Chlorate Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Potassium Chlorate Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Global Potassium Chlorate Market Structure

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