Potassium Nitrate Market Size, Demand, Top Companies, Growth, Opportunity and Forecast 2021-26

According to the latest report by IMARC Group, titled “Potassium Nitrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global potassium nitrate market reached a value of US$ 1.61 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$1.95 Billion by 2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request for a PDF sample of this report: https://www.imarcgroup.com/potassium-nitrate-market/requestsample



Potassium nitrate (KNO3) is a crystalline ionic salt that is white to gray in color. Also known as niter or saltpeter, potassium nitrate is naturally found in its pure form and can be commercially prepared by combining sodium nitrate and potassium chloride. It is non-combustible, slightly soluble in nature and a strong oxidizing agent. Due to this, it can be utilized as an oxidizing agent that explodes on reaction with organic compounds. As a result, potassium nitrate is used across the pharmaceutical, agriculture, and food industries. It also finds extensive application in the manufacturing of industrial explosives, gunpowder, fireworks, and rocket propellent.

Global Potassium Nitrate Market Trends:

Potassium nitrate is widely used as a fertilizer additive in the agriculture sector. It increases stress resistance, improves pasture quality and boosts the growth of plants. As governments of several developing countries are providing subsidies to farmers for buying fertilizers, it has increased the consumption of potassium nitrate across these regions. Potassium nitrate is also utilized to prepare corned beef and preserve meat items, such as beef, ham and salami. Furthermore, the rising concerns regarding the depletion of exhaustible resources have resulted in the use of sustainable resources for energy production, like concentrated solar power (CSP) plants. Since potassium nitrate acts as a vital thermal energy storage medium in these plants, their growing adoption is providing a positive impact on the market growth.

Competitive Landscape With Key Players:

The competitive landscape of the market has also been examined with some of the key players being Haifa Chemicals Ltd., Migao Corporation, SQM, URALCHEM, Yara and Arab Potash Company.

Kay Market Segmentation:

  • Based on the raw material, the market has been segmented into potassium chloride, ammonium nitrate and sodium nitrate.  Amongst these, potassium chloride represents the most popular raw material.
  • On the basis of the end use, the agriculture industry is the leading segment, accounting for the majority of the overall market share. Other major end use segments are pharmaceutical, food and general industries.
  • On the geographical front, Asia Pacific exhibits a clear dominance in the market. Other major regions are North America, Europe, Latin America, and Middle East and Africa.

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/potassium-nitrate-market

Key Highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Comments

Post a Comment

Popular posts from this blog

Online Gambling Market Research Report Forecast 2020-2025

Image
According to IMARC Group’s latest report, titled “ Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ”, global online gambling market grew at a CAGR of around 12% during 2014-2019. Looking forward, IMARC Group expects the global market has huge potential for growth during 2020-2025. The gambling software application can be downloaded on a smart device, or the game can be played through a website. Online gambling platforms offer several benefits, such as cashless transactions, accessibility through any electronic device, personalized budget, and real-time gambling experience.  Request for a free sample copy of this report @ https://www.imarcgroup.com/online-gambling-market/requestsample   High internet connectivity, along with the rising penetration of smart devices, is driving the growth of the online gambling market. The legalization and cultural approval of online betting in several developed countries are also augmenti...
Read more

Aerial Imaging Market Report, Size, Growth, Opportunity and Forecast to 2026

According to IMARC Group’s latest report, titled “ Aerial Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ”, the global aerial imaging market is expected to exhibit a CAGR of around 12% during 2021-2026 . Aerial imaging is the process of capturing photographs of the ground from a flying object, such as fixed-wing aircraft, helicopters, parachutes, balloons, unmanned aerial vehicles (UAVs), and rockets. The technique is extensively used to obtain insights regarding infrastructure planning, geospatial mapping, disaster management, environment monitoring, and ground surveillance. The aerial imaging system is backed with 360-degree vision cameras, light detection and ranging (LiDAR) systems, and geographic systems. As a result, it can easily provide information about vegetation areas, soil maps, and land cover for the analysis and strategic planning of urban settlements and route designing. We are regularly tracking the direct effect of  ...
Read more

Non-GMO Food Market Trends, Scope, Industry Growth, Leading Companies and Driving Factors 2021-26

According to IMARC Group's latest report, titled “ Non-GMO Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, ” the global non GMO food market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 15.7% during 2021-2026. As the novel coronavirus  (COVID-19)  crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report. Request for a free sample copy of this report: https://www.imarcgroup.com/non-gmo-food-market/requestsample Genetically modified organisms (GMOs) include plants, animals, or microorganisms whose genetic material has been altered artificially via engineering techniques or genetic modification. These organisms are empl...
Read more