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Global Potassium Nitrate Market 2019-2023

Global Potassium Nitrate Market 2019-2023

About this market

The demand for blasting and drilling chemicals in the mining industry is growing with a significant increase in the production and demand for coal. Potassium nitrate is commonly used as a precursor in explosive applications. Therefore, the potassium nitrate market for blasting and drilling is directly associated with mining activities. Thus, the growing demand for energy will increase demand for coal and other minerals, which is likely to support the growth of global potassium nitrate market. Technavio ‘s analysts predict the market to grow at a CAGR of more than 4 % by 2023.

Market Overview

Increasing popularity of potassium and nitrogen fertilizers

The demand for fertilizer additives has increased with the use of additives that enhance the quality of crops and aid faster growth. Among the fertilizer additives, potassium nitrate has gained immense popularity, which is boosting the growth of the global potassium nitrate market. Further, nitrogen fertilizers are added to simulate the growth of plants, backed by photosynthesis.

Growing adoption of organic farming

Organic farming involves the cultivation of crop and livestock without the use of traditional pesticides, fertilizers, antibiotics, and genetic engineering. Organic farming was developed to enhance sustainability and protect the environment. Therefore, the increasing adoption of organic farming will negatively impact the potassium nitrate market.

For the detailed list of factors that will drive and challenge the growth of the potassium nitrate market during 2019-2023, view our report.

Competitive landscape

The potassium nitrate market appears to be moderately fragmented with the presence of a considerable number of companies. The increasing popularity of potassium and nitrogen fertilizers along with the rising blasting and drilling applications in the mining industry are factors impacting the growth of the potassium nitrate market. Some of the top companies in the market include GFS Chemicals, Haifa Group, Migao, SQM, and Yara International.

‘With the presence of a considerable number of companies, this market appears to be moderately fragmented and the competitive environment is getting intense with all companies striving to improve their market position. Companies in the potassium nitrate market are focusing on utilizing the growing demand for potassium nitrate for drilling and blasting applications in the mining industry.’


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global inorganic chemicals market
      • Table Segments of global inorganic chemicals market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (thousand t)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Agriculture - Market size and forecast 2018-2023
      • Table Agriculture - Market size and forecast 2018-2023 (thousand t)
      • Table Agriculture - Year-over-year growth 2019-2023 (%)
    • General industries - Market size and forecast 2018-2023
      • Table General industries - Market size and forecast 2018-2023 (thousand t)
      • Table General industries - Year-over-year growth 2019-2023 (%)
    • Pharmaceutical - Market size and forecast 2018-2023
      • Table Pharmaceutical - Market size and forecast 2018-2023 (thousand t)
      • Table Pharmaceutical - Year-over-year growth 2019-2023 (%)
    • Food and beverage - Market size and forecast 2018-2023
      • Table Food and beverage - Market size and forecast 2018-2023 (thousand t)
      • Table Food and beverage - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (thousand t)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 (thousand t)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 (thousand t)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table List of fungi-based diseases in vegetables
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing popularity of biofungicides
    • Rising blasting and drilling applications in mining
    • Rapid industrialization in BRICS
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • GFS Chemicals
      • Table GFS Chemicals - Vendor overview
      • Table GFS Chemicals - Business segments
      • Table GFS Chemicals - Key offerings
    • Haifa Group
      • Table Haifa Group - Vendor overview
      • Table Haifa Group - Business segments
      • Table Haifa Group - Organizational developments
      • Table Haifa Group - Key offerings
    • Migao
      • Table Migao - Vendor overview
      • Table Migao - Business segments
      • Table Migao - Key offerings
    • SQM
      • Table SQM - Vendor overview
      • Table SQM - Business segments
      • Table SQM - Geographic focus
      • Table SQM - Segment focus
      • Table SQM - Key offerings
    • Yara International
      • Table Yara International - Vendor overview
      • Table Yara International - Business segments
      • Table Yara International - Organizational developments
      • Table Yara International - Geographic focus
      • Table Yara International - Segment focus
      • Table Yara International - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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