The latest report titled “Potassium chloride Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production 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, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production 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 that might influence Potassium chloride production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Potassium chloride is a white crystalline chemical compound made up of potassium and chloride ions. The mineral compound has a salty flavour with no smell. It is widely used as a source of potassium in fertilisers and to produce other chemicals and medications. Its respective melting and boiling points are 776°C and 1420°C. It is highly water-soluble (at 20°C) with a solubility of 34 grams per 100 millilitres. It has great electricity conductivity when dissolved in water because of the potassium and chloride ion’s mobility.
Market Drivers:
The Potassium chloride market is propelling owing to its main application as a fertiliser since it is a vital mineral required by plants to grow properly. Its demand will rise simultaneously with the growing demand for food as a result of the increasing population. Furthermore, it is also used to manufacture compounds like potassium carbonate, potassium hydroxide, and potassium bicarbonate. These compounds are used across several industries ranging from food and agriculture to medicine which furthers its market growth. In processed foods, it is used as an alternative to salt due to it having a similar taste profile but lesser sodium. In the medicine industry, it works like a supplement for potassium in treating or preventing potassium deficiency.
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