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Global Potassium Nitrate Market 2017-2021

Global Potassium Nitrate Market 2017-2021

About Potassium Nitrate

Potassium is one of the most important basic plant nutrients along with nitrogen and phosphate. With no substitute, potassium nitrate is a widely used in the form of fertilizers to enhance the crop yield. Potassium nitrate content in the soil is quite important as it is essential to maintain and increase food production. Potassium nitrate has many applications, the major one being in agriculture as fertilizers. Potassium nitrate contains nitrogen which is an important component of RNA (ribonucleic acid) and DNA (deoxyribonucleic acid). It constitutes the primary nutrients (along with potassium and phosphate) for the development of plants and increases yield. Other than fertilizers its most important use has been as a component of gunpowder.

Technavio’s analysts forecast the global potassium nitrate market to grow at a CAGR of 4.02% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global potassium nitrate market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Potassium Nitrate Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Haifa Chemicals
  • Migao
  • SQM
  • URALCHEM
  • Yara
Other prominent vendors
  • Barium and Chemicals
  • ICL
  • GFS Chemicals
  • Potash Corp
  • Qinghai Salt Lake
Market driver
  • Increase in demand for fertilizers and food due to rising population.
  • For a full, detailed list, view our report
Market challenge
  • Growing inclination toward GM seeds.
  • For a full, detailed list, view our report
Market trend
  • Increase in cross-border investments and joint ventures.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Potassium Nitrate Market 2017-2021

Technavio recognizes the following companies as the key players in the global potassium nitrate market: Haifa Chemicals, Migao, SQM, URALCHEM, and Yara.

Other Prominent Vendors in the market are: Barium and Chemicals, ICL, GFS Chemicals, Potash Corp, and Qinghai Salt Lake.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increase in cross-border investments and joint ventures. The countries like North America and Canada have increased their investment in the potash mining, and they are also increasing potash-based fertilizer manufacturing plant. Other countries like Germany, Jordan, China, and Chile are also developing new facilities and having expansion plans of the existing plants.”

According to the report, one driver in market is subsidies for sales of fertilizers in developing nations. The market prices of fertilizers in most of the countries in sub-Saharan Africa and Southeast Asia are strictly regulated through the levy of duties and granting of subsidies. Agrarian economies such as India and Bangladesh are deficient in potash reserves and, therefore, import fertilizers or their feedstocks. This often results in huge price disruptions in the market and affects the purchase of fertilizers by farmers. Most of Asian countries, therefore, rely on the retail price administration of fertilizers and provide incentives to fertilizer producers, sometimes to the extent of 50%-60%, to ensure affordability to farmers. This also helps these nations to achieve food security. Liberalization of the fertilizer industry and the availability of free markets might be beneficial for the industry in the long term. It might not be the same for under-developed and developing economies as they are vulnerable to price distortions.

Further, the report states that one challenges in market is volatility in raw material prices. The major raw material to produce potassium nitrate is potash. After the collapse of the agreement between Belaruskali and Uralkali, there was a huge drop in the global potash prices. The market, which was once in the stronghold of two cartels led by Canpotex and Belaruskali, has now turned into a frontline with most of the players resorting to heavy price undercutting. As a result, the duopoly market is increasingly becoming an oligopolistic one. As the competition in terms of price increases, we expect increased pressures on the margins of the players, which may affect the capacity expansion plans and new investments into the industry. The global potassium nitrate market has been witnessing a downfall in price, due to the fall in prices for potash and other minerals belonging to the same group.

Companies Mentioned

Haifa Chemicals, Migao, SQM, URALCHEM, Yara, Barium and Chemicals, ICL, GFS Chemicals, Potash Corp, and Qinghai Salt Lake.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Segmentation of potassium nitrate by raw material in 2015
  • Market landscape
    • Market size and forecast
      • Table Global potassium nitrate market 2016 and 2021 (kilotons)
      • Table Market forecast: Global potassium nitrate market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-users
    • Global potassium nitrate market by end-users
      • Table Global potassium nitrate market by end-users 2016
      • Table Global potassium nitrate market by end-users 2021
    • Global potassium nitrate market for agriculture
      • Table Global potassium nitrate market for agriculture 2016 and 2021 (kilotons)
      • Table Market forecast: Global potassium nitrate market for agriculture 2016-2021
      • Table Consumption of potassium nitrate fertilizers 2016
    • Global potassium nitrate market for general industries
      • Table Global potassium nitrate market for general industries 2016 and 2021 (kilotons)
      • Table Market forecast: Global potassium nitrate market for general industries 2016-2021
    • Global potassium nitrate market for pharmaceutical industries
      • Table Global potassium nitrate market for pharmaceutical industries 2016 and 2021 (kilotons)
      • Table Market forecast: Global potassium nitrate market for pharmaceutical industries 2016-2021
    • Global potassium nitrate market for food industries
      • Table Global potassium nitrate market for food industries 2016 and 2021 (kilotons)
      • Table Market forecast: Global potassium nitrate market for food industries 2016-2021
  • Geographical segmentation
    • Global potassium nitrate market by geography
      • Table Global potassium nitrate market by geography 2016
      • Table Global potassium nitrate market by geography 2021
    • Potassium nitrate market in APAC
      • Table Potassium nitrate market in APAC 2016 and 2021 (kilotons)
      • Table Market forecast: Potassium nitrate market in APAC 2016-2021
    • Potassium nitrate market in Europe
      • Table Potassium nitrate market in Europe 2016 and 2021 (kilotons)
      • Table Market forecast: Potassium nitrate market in Europe 2016-2021
    • Potassium nitrate market in North America
      • Table Potassium nitrate market in North America 2016 and 2021 (kilotons)
      • Table Market forecast: Potassium nitrate market in North America 2016-2021
    • Potassium nitrate market in ROW
      • Table Potassium nitrate market in ROW 2016 and 2021 (kilotons)
      • Table Market forecast: Potassium nitrate market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global biodiesel market 2016-2019
      • Table Global ethanol market 2016-2018
    • Impact of drivers on key geographies
      • Table Impact of drivers on key geographies
    • Market challenges
    • Impact of challenges on key geographies
      • Table Impact of challenges on key geographies
  • Market trends
    • Increase in cross-border investments and joint ventures
    • Liberalization and gradual phasing out of subsidy schemes
    • Increase in surplus capacities across the world and shift in bargaining power
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key market vendors
    • Other prominent vendors
  • Key vendor analysis
    • Haifa Chemicals
      • Table Haifa Chemicals: Product segmentation
    • Migao
      • Table Migao: Product segmentation 2016
      • Table Migao: Production facilities (based in China) 2015
    • SQM
      • Table SQM: Business segmentation by revenue 2015
      • Table SQM: Geographical segmentation by revenue 2015
    • URALCHEM
      • Table URALCHEM: Business segmentation by revenue 2015
    • Yara
      • Table Yara: Business segmentation by revenue 2016
      • Table Yara: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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