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Potassium Nitrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Potassium Nitrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

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. According to the latest report by IMARC Group, titled “Potassium Nitrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global potassium nitrate market reached a value of US$ 1.51 Billion in 2018.

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. As governments of developing nations are offering subsidies for the sales of fertilizers among the farmers, the consumption of potassium nitrate has witnessed a surge in the agriculture segment. In addition to this, a growing demand for speciality fertilizers is further stimulating the market growth. Looking forward, the market value is projected to reach US$ 1.83 Billion by 2024, growing at a CAGR of 3.26% during 2019-2024.

Market Summary:

Based on the raw material, the market has been segmented as potassium chloride, ammonium nitrate and sodium nitrate. Currently, potassium chloride dominates the market, holding the largest share.
On the basis of end-use, agriculture represents the largest segment. Some of the other end-use segments are pharmaceutical industry, food industry and general industries.
Region-wise, the market has been segregated into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for the majority of the total global market.
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.
This report provides a deep insight into the global potassium nitrate market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the potassium nitrate market in any manner.

Key Questions Answered in This Report:

How has the global potassium nitrate market performed so far and how will it perform in the coming years?
What are the key regions in the global potassium nitrate market?
Which are the major raw materials in the global potassium nitrate market?
What are the key end-use segments in the global potassium nitrate market?
What are the various stages in the value chain of the global potassium nitrate industry?
What are the key driving factors and challenges in the global potassium nitrate industry?
What are the import and export trends in the global potassium nitrate market?
What is the structure of the global potassium nitrate market and who are the key players?
What is the degree of competition in the global potassium nitrate market?
How is potassium nitrate manufactured?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Potassium Nitrate Market
5.1 Market Overview
5.2 Market Performance
5.3 Price Analysis
5.3.1 Key Price Indicators
5.3.2 Price Structure
5.3.3 Margin Analysis
5.4 Market Breakup by Raw Material
5.5 Market Breakup by End-Use
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Distribution
5.9.6 Export
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Raw Material
6.1 Potassium Chloride
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Ammonium Nitrate
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Sodium Nitrate
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End-Use
7.1 Agriculture Industry
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 General Industries
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Pharmaceutical Industry
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Food Industry
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 Asia Pacific
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 North America
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 Imports and Exports
9.1 Imports by Major Countries
9.2 Exports by Major Countries
10 Potassium Nitrate Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Haifa Chemicals Ltd.
11.3.2 Migao Corporation
11.3.3 SQM
11.3.4 URALCHEM
11.3.5 Yara
11.3.6 Arab Potash Company
List of Figures
Figure 1: Global: Potassium Nitrate Market: Major Drivers and Challenges
Figure 2: Global: Potassium Nitrate Market: Sales Value (in Billion US$), 2011-2018
Figure 3: Global: Potassium Nitrate Market: Breakup by Raw Material (in %), 2018
Figure 4: Global: Potassium Nitrate Market: Breakup by End-Use (in %), 2018
Figure 5: Global: Potassium Nitrate Market: Breakup by Region (in %), 2018
Figure 6: Global: Potassium Nitrate Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 7: Potassium Nitrate Market: Price Structure (US$/Ton)
Figure 8: Global: Potassium Nitrate Industry: SWOT Analysis
Figure 9: Global: Potassium Nitrate Industry: Value Chain Analysis
Figure 10: Global: Potassium Nitrate Industry: Porter’s Five Forces Analysis
Figure 11: Global: Potassium Nitrate (Potassium Chloride) Market: Sales Value (in Million US$), 2011 & 2018
Figure 12: Global: Potassium Nitrate (Potassium Chloride) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: Global: Potassium Nitrate (Ammonium Nitrate) Market: Sales Value (in Million US$), 2011 & 2018
Figure 14: Global: Potassium Nitrate (Ammonium Nitrate) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Potassium Nitrate (Sodium Nitrate) Market: Sales Value (in Million US$), 2011 & 2018
Figure 16: Global: Potassium Nitrate (Sodium Nitrate) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Potassium Nitrate Market (End-Use in Agriculture Industry): Sales Value (in Million US$), 2011 & 2018
Figure 18: Global: Potassium Nitrate Market Forecast (End-Use in Agriculture Industry): Sales Value (in Million US$), 2019-2024
Figure 19: Global: Potassium Nitrate Market (End-Use in General Industries): Sales Value (in Million US$), 2011 & 2018
Figure 20: Global: Potassium Nitrate Market Forecast (End-Use in General Industries): Sales Value (in Million US$), 2019-2024
Figure 21: Global: Potassium Nitrate Market (End-Use in Pharmaceutical Industry): Sales Value (in Million US$), 2011 & 2018
Figure 22: Global: Potassium Nitrate Market Forecast (End-Use in Pharmaceutical Industry): Sales Value (in Million US$), 2019-2024
Figure 23: Global: Potassium Nitrate Market (End-Use in Food Industry): Sales Value (in Million US$), 2011 & 2018
Figure 24: Global: Potassium Nitrate Market Forecast (End-Use in Food Industry): Sales Value (in Million US$), 2019-2024
Figure 25: Global: Potassium Nitrate Market (Other End-Uses): Sales Value (in Million US$), 2011 & 2018
Figure 26: Global: Potassium Nitrate Market Forecast (Other End-Uses): Sales Value (in Million US$), 2019-2024
Figure 27: Asia Pacific: Potassium Nitrate Market: Sales Value (in Million US$), 2011 & 2018
Figure 28: Asia Pacific: Potassium Nitrate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Europe: Potassium Nitrate Market: Sales Value (in Million US$), 2011 & 2018
Figure 30: Europe: Potassium Nitrate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: North America: Potassium Nitrate Market: Sales Value (in Million US$), 2011 & 2018
Figure 32: North America: Potassium Nitrate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: Middle East and Africa: Potassium Nitrate Market: Sales Value (in Million US$), 2011 & 2018
Figure 34: Middle East and Africa: Potassium Nitrate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 35: Latin America: Potassium Nitrate Market: Sales Value (in Million US$), 2011 & 2018
Figure 36: Latin America: Potassium Nitrate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 37: Global: Potassium Nitrate: Import Breakup by Country (in %), 2017
Figure 38: Global: Potassium Nitrate: Export Breakup by Country (in %), 2017
Figure 39: Spain: Potassium Nitrate: Import Value (in ‘000 US$), 2011-2017
Figure 40: Chile: Potassium Nitrate: Import Value (in ‘000 US$), 2011-2017
Figure 41: Potassium Nitrate Manufacturing: Detailed Process Flow
List of Tables
Table 1: Potassium Nitrate: Physical and Chemical Properties
Table 2: Global: Potassium Nitrate Market: Key Industry Highlights, 2018 and 2024
Table 3: Global: Potassium Nitrate Market Forecast: Breakup by Raw Material (in Million US$), 2019-2024
Table 4: Global: Potassium Nitrate Market Forecast: Breakup by End-Use (in Million US$), 2019-2024
Table 5: Global: Potassium Nitrate Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Global: Potassium Nitrate: Import Data by Country, 2017
Table 7: Global: Potassium Nitrate: Export Data by Country, 2017
Table 8: Potassium Nitrate Manufacturing: Raw Material Requirements
Table 9: Global: Potassium Nitrate Market: Competitive Structure
Table 10: Global: Potassium Nitrate Market: Key Players

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