Transparency
Market Research Reports incorporated a definite business overview and
investigation inclines on “Potassium
Chlorate Market”.
This report likewise incorporates more illumination about fundamental
review of the business including definitions, requisitions and
worldwide business sector industry structure. Potassium chlorate is a
versatile chemical compound which has extensive industrial
applications. Potassium chlorate generally occurs as a white or
colorless, crystalline, water-soluble solid. It is the most common
chlorate in commercial use. Potassium chlorate is used chiefly as an
oxidizing agent in the manufacture of fireworks, explosives, matches,
disinfectants and bleaches. Potassium chlorate is a strong oxidant
and reacts easily with sulfur, carbon, phosphorous and organic
compounds. In addition potassium chlorate is insoluble in water.
Potassium chlorate is produced commercially by passing chlorine into
the hot milk of lime and subsequently adding potassium chloride.
Furthermore, potassium chlorate can be manufactured in small
quantities by passing chlorine gas into a hot solution of caustic
potash.
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Potassium
chlorate has numerous applications due to its superior chemical and
physical properties. Potassium chlorate is a necessary ingredient in
modern firearms. Potassium chlorate is used as an ingredient in smoke
compositions such as smoke grenades. Potassium chlorate is also used
in laboratories and educational institutions to generate oxygen gas.
Potassium chlorate is used as a pesticide due to its weed killer
applications. In Finland, potassium chlorate is sold under the brand
name Fegabit. Potassium chlorate is used in chemical oxygen
generators which are used as oxygen-supply systems of space stations,
aircraft and submarines. Potassium chlorate displays potent
antimicrobial properties due to its chemical nature. Potassium
chlorate is used in making powerful disinfectants and used to treat
drinking water from pathogens. In addition, potassium chlorate is
used as a basic raw material for the safety match work industries and
as a bleaching agent in the textile industry. Furthermore, potassium
chlorate can be mixed with an appropriate fuel to form an explosive
material called sprengel explosive.
The
growth in the end user industries is expected to be a major driving
factor for the growth of potassium chlorate market. The growth of
pesticide and defense industry is expected to drive the demand for
potassium chlorate. Potassium chlorate based firearms are more
effective than traditional gunpowder and less likely to be damaged by
water. In addition, growing demand from emerging economies due to
rapid economic growth is expected to increase the demand for
potassium chlorate. However availability of substitutes and
government regulations could hamper the growth of this market.
Potassium
chlorate has a global market due to its extensive industrial
applications. Asia Pacific is one of the fastest growing markets for
potassium chlorate along with Latin America. China and India are the
major consumers of potassium chlorate in Asia Pacific due to growth
of defense and pesticide industries. Republic of Korea, Taiwan,
Vietnam, Malaysia, Indonesia, Pakistan and Japan are other major
consumers of potassium chlorate in Asia Pacific. North America and
Europe are saturated markets and demand for potassium chlorate is
expected to grow at a moderate rate.
Some
of the key players in the Potassium Chlorate market are Dow Chemical
(U.S.), E. I. du Pont de Nemours and Company (U.S.), Mitsubishi
Chemical (Japan), LG Chem (South Korea), BASF (Germany), Sumitomo
Chemical (Japan), Mitsui Chemicals (Japan), Toray Industries (Japan),
Eastman Chemical Company (U.S.), AkzoNobel (Netherlands) and Evonik
Industries (Germany) among others. AkzoNobel is one of the largest
producers of potassium chlorate in Europe.
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This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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