Potassium Chloride Price Trend Analysis, Historical Chart and Forecast

Potassium chloride is a salt made up of potassium and chlorine. It has the chemical formula KCl. It is a water-soluble white crystalline substance. It is widely utilised as a fertiliser in agriculture and in a variety of industrial applications.

It is used in the manufacturing of various compounds, including potassium hydroxide and chlorine, in addition to its use as a fertiliser. It is used in the production of animal feed and other products, as well as a salt alternative in certain dishes.

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It is also used in medicine as a supplement to treat or prevent low potassium levels in the blood (hypokalemia).

It has several significant properties, including the capacity to conduct electricity in solution, water solubility, and a low melting point. It is a good source of potassium, which is a necessary nutrient for both plants and animals. However, potassium chloride, like all chemicals, can be hazardous if handled incorrectly or in large quantities, and it should be used and stored in accordance with proper safety procedures.

The molecular weight of potassium chloride is 74.55 g/mol and its density is 1.93 g/cm3. The melting point of potassium chloride is 770 °C and its boiling point of potassium chloride is 1,420 °C.

Canada, China, Russia, Belarus, Germany, Israel, Jordan, and Chile are the leading potassium chloride-producing countries across the globe.

Key Details About the Potassium Chloride Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Potassium Chloride price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Potassium Chloride Price Trend, chart, including India Potassium Chloride price, USA Potassium Chloride price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Potassium Chloride Price Trend:

Potassium chloride is a major source of potassium in fertilisers, which are used to encourage plant development and increase agricultural yields. It is widely utilised in agriculture, particularly for crops such as corn, soybeans, and wheat.

It is a raw material in the manufacture of a variety of other chemicals, including potassium hydroxide, which is used in the manufacture of detergents, soaps, and other cleaning agents.

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It is used to eliminate pollutants and enhance water quality in water treatment. It is also used to lessen the hardness of water in water-softening systems.

It is used in some meals as a salt alternative, such as low-sodium soups and broths, and in others as a flavour enhancer.

Key Players:

• Cargill
• Incorporated
• Nutrien Ltd
• JSC Belaruskali
• PotashCorp
• Jiangsu Kolod Food Ingredients Co., Ltd
• The Mosaic Company
• Sociedad Química y Minerade Chile

News and Events

• March 30, 2023: Brazil Potash will invest an unprecedented USD 2.5 billion in its Autazes potash mine to achieve a critical milestone for its coveted potash project. With the purpose of extracting and processing sylvinite to make potassium chloride, this project is estimated to produce 2.2Mt/y. The Autazes potash facility, 112 kilometers from Manaus in Amazonas state, is intended to deliver 20% of the total volume of potassium chloride used around Brazilian crops.

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Potassium Chloride Manufacturing Cost Analysis Report, Manufacturing Process, Raw Materials Requirements, Costs and Key Process Information, Provided by Procurement Resource

 The latest report titled “Potassium Chloride manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Potassium Chloride.

Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.

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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Potassium Chloride manufacturing process, that might influence Potassium Chloride manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Product Definition:

Potassium chloride, or KCI, is an ionic compound with molecules comprising one potassium atom and one chlorine atom. It is a white or nearly colourless face-centered cubic crystal. It can be obtained from sylvinite, a mineral blend of sodium chloride (halite) and potassium chloride (sylvite), extracted for potash, a combination of potassium chloride and other potassium compounds.

Potassium chloride is commonly utilised in potash as a component of an efficient fertiliser for plants. For medicinal purposes, it is employed to cure or avoid low levels of potassium or hypokalemia in the human body. Potassium chloride can be used as an alternative to salt or sodium chloride in water softeners and methods related to food processing.

Market Drivers:

The rise in the demand for potassium chloride from metals, petroleum, and glass industries serves as a crucial factor in increasing market growth opportunities. In addition, the rising adoption of potassium chloride in producing fertilisers is proving to be an important factor in the swelling development of the market.

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Moreover, there has been a high demand for potassium chloride from the oil and gas sector. Growing research and development activities in the market are expected to propel the market expansion in the near future. Besides, the rise in technological advancements and innovations and modernisation of the market is further creating prospects for the producers of potassium chloride in the market.

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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.

Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and manufacturing costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.

We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

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