It is reported that the senior director of IHS Chemical's Japan business, Masaki Missan, reported at the 2013 Asian Petrochemical Industry Conference that the global sales of food-grade potassium chloride reached 3.3 trillion US dollars in 2012, and the scale of special chemicals reached 498 billion US dollars, accounting for 15%. It is expected that the global special chemicals market will continue to grow at an annual growth rate of 3.7% in the next five years. Asia has become the largest consumer area of special chemicals in the world, with China accounting for 19% of the world, the largest market of special chemicals in Asia, followed by Japan accounting for 12%, and other Asian countries accounting for 13%. North America accounts for 25% of the global market and Western Europe accounts for 21%. Since the growth rate of demand for special chemicals in the mature markets of North America and Western Europe is far lower than that in Asia, Asia will continue to maintain the largest consumer area of special chemicals in the world in the future. Food grade potassium chloride
It is predicted that the annual growth rate of China's demand for special chemicals is expected to be 8.4% from 2012 to 2017, and that of other Asian countries is expected to be 4.7%; The growth rate of Central and South America is predicted to be 3.7%/year, and that of the Middle East and Africa is 3.6%/year. The growth rate is expected to be 2.3%/year in North America, 1.2%/year in Western Europe and 1.1%/year in Japan. Food grade special chemicals of potassium chloride mainly refer to construction and water treatment chemicals, catalysts, special polymers, food additives, essence and spices, which are very complicated. The demand of the top 10 categories of special chemicals accounts for 58% of the total market of special chemicals, and no single category of special chemicals has a market share of more than 8%. The factors affecting the demand of special chemicals include economic development, laws and regulations, etc; Including smart phones, tablet computers, e-books and other new products as well as new hydraulic fracturing technologies.
The market value of China's special chemicals for food grade potassium chloride is estimated at $92 billion. Due to the rapid growth of China's demand for construction chemicals, special polymers and catalysts, it is expected that the market size of China's special chemicals will reach the level of North America by 2017. In addition, China has become a major producer of special chemicals and will continue to maintain its status as a major importer of special chemicals in the next five years. It is predicted that although the production costs continue to increase and some products become universal, the special chemicals industry will continue to maintain high profits, and the market demand potential is still huge, but we must increase research and development and continue to launch new products to win the market.