The potassium chlorate market experienced mixed sentiments in the first quarter of 2023, initially rising due to higher potash ore costs but declining later due to government sanctions on Belarus imports and oversupply. This downtrend continued in the second quarter, impacted by weak dynamics in downstream industries and a struggling fertilizer sector. In Europe, declining feedstock costs, sanctions, and reduced inquiries contributed to falling prices. North America also faced declining prices due to sluggish demand from downstream industries and the global availability of discounted materials. Overall, negative factors including sanctions, oversupply, weak demand, and struggling sectors led to declining potassium chlorate prices.
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Definition
Potassium chlorate is a chemical compound composed of potassium, chlorine, and oxygen (KClO3). It is a powerful oxidizing agent commonly used in various industrial applications, such as pyrotechnics, matches, and chemical synthesis. It forms white, crystalline solid crystals and is highly soluble in water. Due to its oxidizing properties, it can support combustion and release oxygen when heated. However, it is sensitive to shock, friction, and heat and can be hazardous if mishandled.
Key Details About the Potassium Chlorate 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 Potassium Chlorate 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 Chlorate Price chart, including India Potassium Chlorate price, USA Potassium Chlorate 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 the Potassium Chlorate Price Trend:
Potassium chlorate finds diverse industrial applications due to its strong oxidizing properties. In the pyrotechnics industry, it serves as an essential component for making fireworks, flares, and other pyrotechnic devices. Additionally, it’s utilized in the manufacturing of safety matches, where it acts as an oxidizing agent in the match head composition. The chemical industry employs potassium chlorate as an oxidizing agent in various synthesis reactions. In agriculture, it’s utilized as a source of oxygen supply in chemical oxygen generators. Furthermore, it has applications in the production of explosives, bleaching agents, and in certain laboratory procedures where controlled oxidation reactions are needed.
Key Players:
- Evonik Industries
- LG Chem
- Dow Chemical
- E. I. du Pont de Nemours and Company
- Mitsubishi Chemical
- BASF
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