COVID-19 Impact on Potassium Perchlorate Market

  • The COVID-19 pandemic has impacted a large number of countries across the globe. Various measures introduced to deal with the pandemic such as lockdowns, decrease in trade activities, and closure of various factories and workplaces in several countries could save lives. However, they carry wide-ranging economic effects that could induce an economic contagion.
  • Shortage in supply of raw materials and equipment from various manufacturers of potassium perchlorate around the globe has resulted in a severe demand-supply gap. Manufacturers are further expected to be stranded on raw material orders owing to the logistics industry being significantly impacted due to the lockdown amid COVID-19.
  • The shutdown in various countries across the globe has prohibited import of various components including additives and raw materials required for improving performance. This is likely to hamper various application industries

Potassium Perchlorate Market: Segments

  • The potassium perchlorate market can be segmented based on grade, application, and region
  • Based on grade, the potassium perchlorate market can be divided into industrial grade and medical grade
  • In terms of application, the global potassium perchlorate market can be classified into explosives, fireworks, pharmacy, paper & pulp, and others

Asia Pacific to Dominate Potassium Perchlorate Market

  • In terms of geography, the global potassium perchlorate market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa
  • China, India, and Japan lead the potassium perchlorate market in Asia Pacific due to the increase in demand for paper and pulp products in these countries
  • North America is the emerging region of the potassium perchlorate market. Increase in population, changing lifestyle, and improvement in disposable income are key factors boosting the potassium perchlorate market in the region
  • The potassium perchlorate market in Europe, particularly in countries such as the U.K., Germany, and France, has been expanding significantly due to rapid industrialization. The processing of potassium perchlorate mainly takes place in Denmark and France. Norway and the Netherlands are also expected to contribute significantly to potassium perchlorate market. Growth of the market in Europe can be ascribed to favorable government policies in the region.
  • Demand for potassium perchlorate is expected to increase in Latin America and Middle East & Africa in the near future, led by growth in standard of living of people in these regions

Key Manufacturers Operating in Global Potassium Perchlorate Market

Key manufacturers operating in the global potassium perchlorate market include:

  • Chenzhou Chenxi Metals Co. Ltd.
  • Merck KGaA
  • Nouryon Chemicals Holding BV
  • Pangea Chemicals Pvt. Ltd.
  • Sandvik AB
  • Yongning Tech
  • Yatai Dianhua
  • Yanlingxian Chuanxing Huagongchang
  • Liuyang Huagongchang
  • Fuzhou Yihua Huxuepin

Global Potassium Perchlorate Market: Research Scope

Global Potassium Perchlorate Market, by Grade

  • Industrial Grade
  • Medical Grade

Global Potassium Perchlorate Market, by Application

  • Explosives
  • Fireworks
  • Pharmacy
  • Paper & Pulp
  • Others

Global Potassium Perchlorate Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Potassium Perchlorate: Introduction

  • Potassium chlorate is a versatile chemical compound that is commonly used in various industries. It usually occurs as a white or colorless, crystalline, water-soluble solid.
  • Potassium perchlorate is used in ammunition percussion caps, explosive primers, fireworks, and propellants. It acts as a solid rocket propellant. It is also used as an oxidizer in colored pyrotechnic compositions and flash powder. It is used as an antithyroid and in the treatment of hyperthyroidism. The mixture of anthracene and sulfur with potassium perchlorate is used for generating black smoke signal.
  • Demand for potassium perchlorate is expected to be steady in the near future due to various factors such as extensive use of explosives in the mining industry and rise in production of matchsticks across the world
  • The pulp & paper industry extensively uses potassium chlorate to produce chlorine oxide, which is used to bleach wood pulp to manufacture high-quality and environmentally-friendly white paper products. This trend is expected to positively impact the global potassium perchlorate market.

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

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Potassium Perchlorate Market