99.8% potassium chlorate is a white
crystalline or powder high-purity potassium chlorate substance. Its molecular
formula is KClO3. It generally occurs as a white color or colorless,
water-soluble and crystalline solid. It is a strong oxidant and reacts easily
with carbon, phosphorous, sulfur, and organic compounds. It is insoluble in
water. It is produced commercially by passing chlorine into hot milk of lime
and consequently adding potassium chloride. Furthermore, it can be manufactured
in small quantities by passing chlorine gas into the hot solution of caustic
potash. It is used as an ingredient in smoke compositions for instance smoke
grenades. It is also used in educational institutions and laboratories to
generate oxygen gas. It is used as a pesticide owing to its weed killer
applications. It is used in chemical oxygen generators which are used as oxygen
supply systems of aircraft, space stations, and submarines. It displays
effective antimicrobial properties due to its chemical nature. Potassium
chlorate is used in making potent disinfectants and used to treat drinking
water from pathogens. In addition, it is used as a basic raw material for
safety match work industries and as a whitening agent in the textile industry.
Furthermore, it can be mixed with an appropriate fuel to form a short-tempered
material called sprengel explosive.
According to study, “World
99.8% Potaium Chlorate Market Research Report 2024(Covering USA,
Europe, China, Japan, SEA and India)” the key companies operating in the world
99.8% potaium chlorate market are Akzo Nobel, Vaighai Agro, First Chemical,
Hua'nan Inorganic Salt, Dow Chemical, Mitsubishi Chemical, E. I. du Pont de
Nemours and Company, TCI Chemicals, ChemTik, Target Molecule Corp, AA BLOCKS,
TimTec, AK Scientific (AKSCI), Sigma-Aldrich, APIChem-Research Chemicals BASF
SE, LG Chem, Mitsui Chemicals, Sumitomo Chemical, Eastman Chemical Company, Toray Industries,
Evonik Industries. Key manufacturers are adopting eco-friendly technologies to
increase their production efficiency.
Based on type, 99.8% potaium chlorate market
is segmented into 98% and 99%. Based on method type, market is segmented into
electrolytic method and double decomposition method. Based on application,
market is segmented into disinfectants, explosives, bleaches, medical, match
and others. In addition, based on end-use, market is segmented into pharmacy
industry, manufacture industry and food industry.
The 99.8% potaium chlorate market is driven by
rise in use of potassium chlorate-based pesticides, followed by increase in
demand for explosives in the defense industry, rise in number of sodium
chlorate plants, increase in availability of raw materials, growth in demand from
pulp & paper industry, increase in production of matchsticks, rise in end
user industries, and reduction in arable land. However, strict government
regulations, health hazards associated with potassium chlorate and availability
of substitutes may impact the market.
Moreover, increase in number of sodium chlorate plants is a key trend
for market.
Based on geography, USA country holds major
share in 99.8% potaium chlorate market owing to rise in environmental concerns
in the country. Europe, China & India are expected to witness higher growth
rate due to growth of defense & pesticide industries and rise in population
over the forecast period. It is anticipated that future of the market will be
bright on account of rapid economic growth and rise in pesticide industries
during the forecast period.
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