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Potassium Chloride Market

Potassium Chloride Market for Fertilizers, Pharmaceuticals, Industrial and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Global Potassium Chloride Market: Snapshot

Potassium chloride is salt of odorless and colorless metal halide which occurs naturally due to evaporation of ancient seabeds. The salts of the potassium chloride are generally known as muriate of potash (MOP) which are used as fertilizers.

Growth of the potassium chloride market is gaining traction by the surge in demand for potash fertilizers owing to its properties which supports the improvement in flavors, color, and texture to crops used as food. Additionally, the fertilizers industry is witnessing positive growth owing to higher demand from the developed and developing countries which are focusing on the improvement in agricultural sectors. The countries such as India and China are fuelling adoption of fertilizers and which is likely to boost the growth of the global potassium chloride market.

However, fluctuations in the prices of raw material lead to instability for farmers which is a key restraint for the growth of the global potassium chloride market. Nevertheless, the trend of adoption of bio-based fertilizers is creating lucrative growth opportunities for the key players operating in the potassium chloride market.

Thanks to these growth prospects, TMR estimates that the global potassium chloride market is likely to grow with a CAGR of 10.8% over the forecast period from 2013 to 2019. In 2012, the market registered revenue of more than US$21.6 bn and likely to reach the value of US$32.8 bn. In 2012, the global consumption of potassium chloride was recorded the volume of 51 mn tons.

Rising Need for Food to Boost Adoption of Fertilizers

On the basis of application, the potassium chloride market is segmented into fertilizers, pharmaceuticals, industrial and other. Of these, the fertilizer segment dominated the global market by gathering revenue of US$18.71 bn in 2012. This growth is attributable to the increasing demand for food grains due to increasing population from developed and developing countries. On the other hand, the industrial application segment is gaining traction owing to its utmost usage in the industries for water treatment plant.

Rising Initiatives for Improving Agricultural Productivities to Boost Adoption in Asia Pacific

On the basis of region, the global potassium chloride market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Of these, demand from the Asia Pacific is increasing in order to improve agricultural productivities. To achieve higher yield production, the modern agricultural practices are used owing to this initiatives, the segment is likely to expand with CAGR of 5.2% over the forecast period from 2013 to 2019. In addition, in the developing countries such as India and China, the government initiatives such as farm subsidies and raising minimum prices. However, North America region is likely to account for the noticeable share owing to the advanced farming technology.

The global potassium chloride market has highly fragmented competitive landscape due to the presence of the large and small manufacturers of the potassium chloride. Some of the companies operating in the potassium chloride market are Agrium Inc., Arab Potash Company, Israel Chemicals Ltd. (ICL), JSC Belaruskali, and PotashCorp. The competition among these key players is expected to be intense in coming future with innovation and technological advancements. However, the key players have managed to maintain their share in the global market by geographical expansion.

    1. Preface

        1.1. Report description

        1.2. Market segmentation

            1.2.1. Global potassium chloride market segmentation

        1.3. Research methodology

    2. Executive Summary

        2.1. Global demand for potassium chloride, 2012-2019 (Kilo Tons) (USD Million)

        2.2. Potassium chloride: Market snapshot (2012 and 2019)

    3. Potassium Chloride – Industry Analysis

        3.1. Introduction

        3.2. Value chain analysis

        3.3. Market drivers

            3.3.1. Increasing demand for potassium chloride from the fertilizer industry

                3.3.1.1. Global fertilizer consumption (Million Tons)

            3.3.2. Growth of the organic food industry

                3.3.2.1. Global organic food industry, 2007-2013 (USD Billion)

        3.4. Market restraints

            3.4.1. Rising health concerns regarding the use of chemical fertilizers

            3.4.2. Fluctuating prices of potassium chloride

                3.4.2.1. Global potassium chloride prices, 2007-2014 (USD/Ton)

        3.5. Market opportunity

            3.5.1. Increasing use of biofertilizers

                3.5.1.1. Global demand for biofertilizers, 2012 and 2019 (USD Million)

        3.6. Porter’s five forces analysis

            3.6.1. Bargaining power of suppliers

            3.6.2. Bargaining power of buyers

            3.6.3. Threat of new entrants

            3.6.4. Threat of substitutes

            3.6.5. Degree of competition

        3.7. Potassium chloride: Market attractiveness analysis

        3.8. Potassium chloride: Company market share analysis, 2013

    4. Global Potassium Chloride Market – Application Analysis

        4.1. Global potassium chloride market: Application overview

            4.1.1. Global potassium chloride market volume share, by application, 2012 and 2019

        4.2. Potassium chloride market, by application

            4.2.1. Fertilizer

                4.2.1.1. Global potassium chloride market in fertilizer industry, 2012-2019 (Kilo Tons) (USD Million)

            4.2.2. Pharmaceutical

                4.2.2.1. Global potassium chloride market in pharmaceutical industry, 2012-2019 (Kilo Tons) (USD Million)

            4.2.3. Industrial

                4.2.3.1. Global potassium chloride market in industrial applications, 2012-2019 (Kilo Tons) (USD Million)

            4.2.4. Others

                4.2.4.1. Global potassium chloride market in other applications, 2012-2019 (Kilo Tons) (USD Million)

    5. Global Potassium Chloride Market – Regional Analysis

        5.1. Global potassium chloride market: Regional overview

            5.1.1. Potassium chloride market volume share, by region, 2012 and 2019

        5.2. North America

            5.2.1. North American potassium chloride market, 2012-2019 (Kilo Tons) (USD Million)

            5.2.2. North American potassium chloride market, by application

                5.2.2.1. North American potassium chloride market volume, by application, 2012-2019 (Kilo Tons)

                5.2.2.2. North American potassium chloride market revenue, by application, 2012-2019 (USD Million)

        5.3. Europe

            5.3.1. European potassium chloride market, 2012-2019 (Kilo Tons) (USD Million)

            5.3.2. European potassium chloride market, by application, 2012-2019 (Kilo Tons) (USD Million)

                5.3.2.1. European potassium chloride market volume, by application, 2012-2019 (Kilo Tons)

                5.3.2.2. European potassium chloride market revenue, by application, 2012-2019 (USD Million)

        5.4. Asia-Pacific

            5.4.1. Asia-Pacific potassium chloride market, 2012-2019 (Kilo Tons) (USD Million)

            5.4.2. Asia-Pacific potassium chloride market, by application

                5.4.2.1. Asia-Pacific potassium chloride market volume, by application, 2012-2019 (Kilo Tons)

                5.4.2.2. Asia-Pacific potassium chloride market revenue, by application, 2012-2019 (USD Million)

        5.5. Rest of the World (RoW)

            5.5.1. RoW potassium chloride market, 2012-2019 (Kilo Tons) (USD Million)

            5.5.2. RoW potassium chloride market, by application

                5.5.2.1. RoW potassium chloride market volume, by application, 2012-2019 (Kilo Tons)

                5.5.2.2. RoW potassium chloride market revenue, by application, 2012-2019 (USD Million)

    6. Company profiles

        6.1. Agrium Inc.

            6.1.1. Company Overview

            6.1.2. Financial Overview

            6.1.3. Business Strategy

            6.1.4. SWOT Analysis

            6.1.5. Recent Developments

        6.2. Arab Potash Company (APC)

            6.2.1. Company Overview

            6.2.2. Product Portfolio

            6.2.3. Financial Overview

            6.2.4. Business Strategy

            6.2.5. SWOT Analysis

            6.2.6. Recent Developments

        6.3. Joint Stock Company (JSC) Belaruskali

            6.3.1. Company Overview

            6.3.2. Product Portfolio

            6.3.3. Business Strategy

            6.3.4. SWOT Analysis

            6.3.5. Recent Developments

        6.4. The Mosaic Company

            6.4.1. Company Overview

            6.4.2. Product Portfolio

            6.4.3. Financial Overview

            6.4.4. Business Strategy

            6.4.5. SWOT Analysis

            6.4.6. Recent Developments

        6.5. Israel Chemicals Ltd.

            6.5.1. Company Overview

            6.5.2. Product Portfolio

            6.5.3. Financial Overview

            6.5.4. Business Strategy

            6.5.5. SWOT Analysis

            6.5.6. Recent Developments

        6.6. K+S Aktiengesellschaft

            6.6.1. Company Overview

            6.6.2. Financial Overview

            6.6.3. Business Strategy

            6.6.4. SWOT Analysis

            6.6.5. Recent Developments

        6.7. Potash Corporation of Saskatchewan Inc.

            6.7.1. Company Overview

            6.7.2. Financial Overview

            6.7.3. Business Strategy

            6.7.4. SWOT Analysis

            6.7.5. Recent Developments

        6.8. Uralkali

            6.8.1. Company overview

            6.8.2. Product Portfolio

            6.8.3. Financial Overview

            6.8.4. Business Strategy

            6.8.5. SWOT Analysis

            6.8.6. Recent Developments

        6.9. Sinofert Holdings

            6.9.1. Company Overview

            6.9.2. Product Portfolio

            6.9.3. Financial Overview

            6.9.4. Business Strategy

            6.9.5. SWOT Analysis

            6.9.6. Recent Developments

        6.10. Sociedad Química y Minerade Chile (SQM)

            6.10.1. Company Overview

            6.10.2. Product Portfolio

            6.10.3. Financial Overview

            6.10.4. Business Strategy

            6.10.5. SWOT Analysis

    List of Tables

    TABLE 1: Potassium chloride: Market snapshot (2012 and 2019)

    TABLE 2: Drivers for potassium chloride market: Impact analysis

    TABLE 3: Restraints for potassium chloride market: Impact analysis

    TABLE 4: North American potassium chloride market volume, by application, 2012-2019 (Kilo Tons)

    TABLE 5: North American potassium chloride market revenue, by application, 2012-2019 (USD Million)

    TABLE 6: European potassium chloride market volume, by application, 2012-2019 (Kilo Tons)

    TABLE 7: European  potassium chloride market revenue, by application, 2012-2019 (USD Million)

    TABLE 8: Asia-Pacific potassium chloride market volume, by application, 2012-2019 (Kilo Tons)

    TABLE 9: Asia-Pacific potassium chloride market revenue, by application, 2012-2019 (USD Million)

    TABLE 10: RoW potassium chloride market volume, by application, 2012-2019 (Kilo Tons)

    TABLE 11: RoW potassium chloride market revenue, by application, 2012-2019 (USD Million)

    List of Figures

    FIG. 1: Global potassium chloride market segmentation

    FIG. 2: Global demand for potassium chloride, 2012-2019 (Kilo Tons) (USD Million)

    FIG. 3: Potassium chloride: Value chain analysis

    FIG. 4: Global fertilizer consumption (Million Tons)

    FIG. 5: Global organic food industry, 2007-2013 (USD Billion)

    FIG. 6: Global potassium chloride prices, 2007-2014 (USD/Ton)

    FIG. 7: Global demand for biofertilizers, 2012 and 2019 (USD Million)

    FIG. 8: Porter’s five forces analysis

    FIG. 9: Potassium chloride: Market attractiveness analysis

    FIG. 10: Potassium chloride: Company market share analysis (2013)

    FIG. 11: Global potassium chloride market volume share, by application, 2012 and 2019

    FIG. 12: Global potassium chloride market in fertilizer industry, 2012-2019 (Kilo Tons) (USD Million)

    FIG. 13: Global potassium chloride market in pharmaceutical industry, 2012-2019 (Kilo Tons) (USD Million)

    FIG. 14: Global potassium chloride market in industrial applications, 2012-2019 (Kilo Tons) (USD Million)

    FIG. 15: Global potassium chloride market in other applications, 2012-2019 (Kilo Tons) (USD Million)

    FIG. 16: Potassium chloride market volume share, by region, 2012 and 2019

    FIG. 17: North American potassium chloride market, 2012-2019 (Kilo Tons) (USD Million)

    FIG. 18: European potassium chloride market, 2012-2019 (Kilo Tons) (USD Million)

    FIG. 19: Asia-Pacific potassium chloride market, 2012-2019 (Kilo Tons) (USD Million)

    FIG. 20: RoW potassium chloride market, 2012-2019 (Kilo Tons) (USD Million)

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Potassium Chloride Market

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