Analysis of COVID-19 Crisis-driven Growth Opportunities in Potassium Derivatives Market

Potassium Derivatives Market

Potassium Hydroxide De-icers Increasingly Used for Safe Air Travel

Manufacturers in the potassium derivatives market are tapping into new incremental opportunities, one of them being increasing the availability of potassium-based de-icers that are used to ensure safe air travel. Potassium chloride is anticipated to dominate the market in terms of both, value and volume, during the forecast period, and de-icing serves as one of the important sources of revenue for manufacturers in the potassium derivatives market.

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Stakeholders in the air travel landscape are increasingly using potassium-based de-icers to minimize the risk aircraft sliding off the taxiway. Thus, the de-icing technique is crucial to ensure passenger and crew safety in regions that have extreme cold temperatures. However, de-icers contain chemicals that may be harmful for the environment. Hence, manufacturers are developing de-icers made from potassium hydroxide that are as effective as conventional potassium de-icers, and help reduce the environmental impact. This is evident, as potassium hydroxide is projected to account for the second-highest revenue amongst all potassium compounds in the potassium derivatives market, with an estimated value of ~US$ 2.8 billion by 2027.

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Potassium Sulfate Fertilizers Support Global Demand for Premium Food Products

Manufacturers in the potassium derivatives market hold an important position in the eyes of stakeholders in the agricultural value chain. The global agricultural output of grains accounted for a production yield of ~2,600 million metric tons in 2017. Hence, there is growing demand for effective fertilizers that comply with food safety norms in the agricultural space. Manufacturers in the potassium derivatives market are innovating new potash sulfate fertilizers with the help of the sea water technology. They are increasing their capabilities in the mass-scale production of fertilizers, using this technology. Fertilizers developed from the sea water technology are complementing the abundant cultivation of crops rich in carbohydrates.

Since developing fertilizers from muriate of potash (MOP) is comparatively less expensive than sulfate of potash (SOP), manufacturers in the potassium derivatives market are capitalizing on this trend. As such, they are utilizing SOP, since it contains premium potash and does not contain chloride. Thus, SOP-based fertilizers are being increasingly used for the cultivation of fruits, vegetables, tobacco, tree crops, and nuts.

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Food Manufacturers Teaming Up with Stakeholders in Potassium Derivatives Market

Regulations pertaining to salt and sodium content in food are surfacing in some parts of the world. Though food manufacturers are taking conscious efforts to replace sodium in salt, they are facing certain challenges in the food manufacturing landscape.

After several research attempts, it has been found that, potassium chloride serves as an effective alternative to sodium in salt. Hence, manufacturers in the potassium derivatives market are increasing their focus on meeting the demands of food manufacturers. The increasing application of potassium chloride in various end uses has triggered market growth. Potassium chloride is projected to continue to gain prominence in the potassium derivatives market throughout the forecast period, with an estimated production output of ~40,000 kilo tons by the end of 2027.

Food manufacturers are increasingly using potassium chloride to replace sodium in salts after the introduction of updates in previous food regulations. Even the FDA is encouraging food manufacturers to use mineral salts containing potassium chloride to reduce sodium intake and lower the risk of blood pressure amongst consumers. However, if not utilized judiciously, potassium chloride can lead to severely impaired kidney functioning as well as decreased blood pressure, independent of sodium intake. Hence, food manufacturers are maintaining the right ratio of sodium and potassium during the manufacturing process of food products. They are focusing more on complying with the regulations and less on enhancing the taste of the food products.

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