Press Release / Business / Global Potassium Nitrate Market Key Factors and Forecast 2018- 2025

Global Potassium Nitrate Market Key Factors and Forecast 2018- 2025

Potassium nitrate (KNO3) is a white to grey ionic salt which is found in nature as saltpetre or nitre. This crystalline solid is non-combustible and slightly soluble in water, however, its solubility increases with temperature. Potassium nitrate is a strong oxidizing agent which can explode on reaction with other organic compounds. Owing to its beneficial properties, potassium nitrate is used as a constituent of fertilizers, fireworks, rocket propellants, gunpowder and medicines. It is also used in toothpastes as it provides protection against teeth sensitivity.

The potassium nitrate market has witnessed a steady growth owing to several favourable factors. Potassium nitrate has been used to preserve food items, such as beef, salami, ham, etc., since the medieval ages. Nowadays, it is extensively used in the food industry for curing meat which represents the major demand-driver for the market growth. Moreover, potassium nitrate is used in the production of fertilizers. It has a cooling, saline, and pungent taste. Its boiling point is 752-00b0F at 760 mm Hg or 400-00b0C when it decomposes and melting point is 633.2-00b0F or 337-00b0C. Potassium nitrate has density of 2.1 at 25-00b0C.

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Segmentation :

The -201cGlobal Potassium Nitrate Market Analysis and Forecasts to 2025-201d can be segmented into type, application, end user, and region. Based on type, the market can be categorized into Crystalline potassium nitrate and Prilled potassium nitrate. The former is used for application in agriculture using foliar sprays and fertigation method, while the latter is used for split soil applications and controlled release of nutrition during the growth season. Crystalline potassium nitrate is available in various purity grades. Selection of the grade is dependent upon its application.

The -201cGlobal Potassium Nitrate Market Analysis and Forecasts to 2025-201d can be segmented into type, application, end user, and region. Based on type, the market can be categorized into Crystalline potassium nitrate and Prilled potassium nitrate. The former is used for application in agriculture using foliar sprays and fertigation method, while the latter is used for split soil applications and controlled release of nutrition during the growth season. Crystalline potassium nitrate is available in various purity grades. Selection of the grade is dependent upon its application.

The market based on end user is segmented into agriculture, solar energy, food and beverages, manufacturing, and others. On the other hand, its use in solar power plants is a relatively new development. In the food and beverages industry, Potassium nitrate is primarily used for curing and preservation of meat, as well as to help food maintain its color.

Global Potassium Nitrate Market Players List

Migao Corporation

UralChem JSC

Yara International ASA

Sociedad Química y Minera de Chile S.A.

Kemapco Arab Fertilizers & Chemicals Industries Ltd.

M/S Seth Nandram Daulatram Biyani

Ishita International

Nutrien Ltd.

GFS Chemicals Inc.

Wentong Group

Regional Overview :

The Potassium nitrate market based on geography is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of volume, the highest exporters of Potassium nitrate in the last few years included Chile, Belgium, Denmark, and Spain. On the other hand, the highest importers included Spain, The Netherlands, and the U.S. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for Potassium nitrate in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE.

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Table of Contents :

The market report includes the following sections:

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Global Potassium Nitrate Market – Market Dynamics

Drivers
Restraints
Opportunities
Chapter 4: Global Potassium Nitrate Market – By Type

Crystalline Potassium Nitrate
Prilled Potassium Nitrate
TOC to be continued

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