Skip to main content

Potassium Nitrate Industry Report 2021 Segmented in Agriculture, General, Pharmaceutical and Food industry


Global Potassium Nitrate Market is segmented by end users as Agriculture, General industries, Pharmaceutical industry, and Food industry. Potassium nitrate is basically a chemical compound that possesses the chemical formula of KNO3. It normally appears as a mineral niter and it is a natural solid source of nitrogen. It is said to be a crystalline solid possessing the color of white and dirty gray. Its prominent properties may include water solubility, and non-combustibility.
This chemical compound is among several nitrogen-containing compounds that are jointly called as saltpeter or saltpetre.
The most significant uses of potassium nitrate encompass in fertilizers, tree stump elimination, rocket propellants and fireworks. It is said to be one of the most important element of gunpowder (blackpowder). Since the middle Ages, it has been employed as a food preservative.

The potassium nitrate is usually formed with the assistance of a double decomposition reaction of sodium nitrate and potassium chloride. It has been found that if large amount of the compound is mixed up in the fire, it may give rise to explosion. There are chances of exploding under extended exposure to heat or fire. Prominent factors that are playing a key role in the growth of the potassium nitrate market include augmented world population, raised level of per capita income, and huge demand for high-quality foods.


The major challenges that the market is currently facing include loss of soil fertility and the arable land cover. Over a period, the chemical components in the fertilizers and pesticides break down and contaminate the soil. This reduces the fertility of the soil. For instance, in China and India, the excessive usage of fertilizer is resulting in deterioration of soil health, resulting in a fall in arable Land .Among all, the agricultural segment is accounting for the largest market share and it is anticipated that it will gain a huge momentum in the next couple of years. As it is known that potassium is the most widely employed fertilizer nutrient.
Plus, it aids in enhancing the water retention, nutrient value, color, texture, yield, and disease resistance of crops. Potassium Nitrate Market is segmented on the basis of raw material as potassium chloride, sodium nitrate, and ammonium nitrate. Among all, potassium chloride is the extensively used raw material as compared to others. Potassium Nitrate industry is segmented on the basis of geography as North America, Asia Pacific, Europe, and Rest of the World.
As far as the geography is concerned, Asia Pacific is currently dominating the potassium nitrate market, the reason being augmented demand for nitrogen-based fertilizers in the particular region. Countries including China, India, Indonesia, Malaysia, and Vietnam are considered to be the largest markets for these fertilizers. The key players operating in the Potassium Nitrate Market include Arab Fertilizers and Chemicals, Haifa, K+S AG, GFS Chemicals, Migao, SQM, Uralchem, Yara Chemicals, Agrium, Barium and Chemicals, ICL, Potash Corp, and Qinghai Salt Lake




Comments

Popular posts from this blog

Airport Passenger Boarding Bridges Market 2022 Report by Applications, Region, Type and Top Players Analysis

The Global Airport Passenger Boarding Bridges market is anticipated to grow at a positive CAGR in the forthcoming period. A passenger boarding bridge is normally used at airports which covers the distance between airport terminal gate to the aircraft entrance. It is much flexible and can be modified with operational relevance and dimensions. This equipment enables an easy access to aircraft and helps in enhancing security of terminal operations for all weather situations. Technically, these bridges comprise two to three bodies having a glass or steel tunnel with a hydraulic or electromechanical elevation system and a stretchy telescope extension which can be altered according to requirement. It is designed in a way that it can accommodate ground support facilities such as delivering electricity and preconditioned air to the aircraft that helps in lessening energy consumption. Driving factors responsible for the growth of airport passenger boarding bridges include rise in pa...

Flexible Glass Industry-Trends In Market and Forecast Report 2022

The global flexible Glass market is expected to witness significant demand over the forecast period. Glass is a solid material which displays glass transition and can also take convertible transitions in amorphous materials. Being brittle in state glasses are optically transparent by nature. Glass possess characteristics such as temperature, strength, stability and durability. The most commonly known glass is soda lime glass mainly made up of silicon dioxide, sodium oxide and lime. Thus, flexible glass resembles the properties of a rigid glass material though it is ultra-thin glass. Moreover, flexible glass can also resemble properties such as scratch resistance and rigidity as those in plastics. Flexible glass is primarily used to multiply the strength & flexibility of the finished product and in turn increase the shell life of the product. It helps in keeping electronic gadgets to minimize their weights, increase its shine and making high-end better and quality product...

Global Germicidal Lamps Industry Price and Application Report 2022

The Global Germicidal Lamps Market is estimated to develop at a substantial CAGR in the years to come. The Global Germicidal Lamps Industry Report 2017 delivers a detailed valuation of the Germicidal Lamps comprising important market tendencies, forthcoming skills, industry motivators, tasks, governing strategies and matters, openings, upcoming planning, value chain, ecological unit participant outlines and policies. The exploration learning offers predictions for Germicidal Lamps reserves up to the years to come. The international Germicidal Lamps Market is divided by Type of Product, Type of End Use, and the Area. The division of the international Germicidal Lamps Market on the source of Type of Product LEDs, High Pressure Lamps and the Low Pressure Lamps. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/germicidal-lamps-market The division of the international Germicidal Lamps Market on the source of Type of End Use with reference to int...