Potassium chlorate (KClO3) is an oxidizing agent used in a variety of applications, including matches, fireworks, and explosives. It is a white crystalline solid that is highly soluble in water and has a strong oxidizing capacity. Potassium chlorate is produced by the electrolysis of potassium chloride in a chlor-alkali process.
Potassium chlorate is widely used globally in a variety of industries, including chemical manufacturing, food processing, water treatment, and agriculture. In the chemical industry, it is used as an oxidizing agent in the production of chlorine dioxide, chlorine peroxide, chlorine azide, and other chemicals. In food processing, it is used in the manufacture of baking powders, baking aids, and food preservatives. In water treatment, it is used as a disinfectant, and in agriculture, it is used as a soil conditioner and fertilizer.
In addition to its industrial applications, potassium chlorate is also used in pyrotechnics and explosives, such as fireworks and firecrackers. It is also used in matches and explosive devices.
The global Potassium Chlorate 99.8% market was valued at US$ 15 million in 2022 and is anticipated to reach US$ 16 million by 2029, witnessing a CAGR of 1.2% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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This report aims to provide a comprehensive presentation of the global market for Potassium Chlorate 99.8%, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Potassium Chlorate 99.8%.
The key players are Akzo Nobel, First Chemical, Hua’nan Inorganic Salt, Vaighai Agro etc. Top 3 companies occupied about 61% market share.
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