MRO Magazine

Research and Markets: Global Potassium Nitrate Market Report 2015-2019


January 15, 2016
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/t99gd9/global_potassium) has announced the addition of the “Global Potassium Nitrate Market 2015-2019” report to their offering.

The market research analyst estimates the potassium nitrate market to witness a steady growth at a CAGR of around 4%, in terms of volume, during the forecast period. The growing demand for nitrogen-based fertilizers, especially from the Asian region is driving the growth of this market. Countries such as China, India, Indonesia, Malaysia, and Vietnam, which accounts for nearly 40% of the world’s population, are largest markets for these fertilizers.

The loss of soil fertility and the arable land cover is expected to pose challenges for the growth of the market during the forecast period. 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.

Segmentation by end user and analysis of agriculture, pharmaceuticals, food industry

The agricultural segment accounted for 64% of the total demand during 2014 and is expected to grow at a rate of 3% during the forecast period. Potassium is the most widely used fertilizer nutrient and helps in improving water retention, nutrient value, color, texture, yield, and disease resistance of crops. Potassium nitrate is used as an important component of N-K water-soluble fertilizer with 13.7% of nitrate nitrogen and 46% of potassium oxide.

Segmentation by raw material and analysis of – potassium chloride, sodium nitrate, ammonium nitrate

Production using potassium chloride accounted for nearly 48% of the overall market during 2014. Potassium nitrate is produced with the help of a double decomposition reaction of sodium nitrate and potassium chloride.

APAC accounted for around 48% of the global market share during 2014 and is expected to reach a market value of USD 722 million by the end of the forecast period. China and India are the market leaders in this region. An increasing population and the resultant food demand are driving the intensity of fertilizer usage in the region, thereby driving the market growth of potassium nitrate.

The potassium nitrate market is dominated by chemical majors from North America and Latin America such as SQM, Haifa, and Uralchem. The market in certain geographies is dominated by state-owned players who enjoy preferential treatment and cheap access to the feedstock. Around 70% of the total shipments going into the export market are controlled by BPC and Canpotex.

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by raw material

Part 07: Market segmentation by end-user

Part 08: Geographical segmentation

Part 09: Market drivers

Part 10: Impact of drivers

Part 11: Market challenges

Part 12: Impact of drivers and challenges

Part 13: Market trends

Part 14: Key developments

Part 15: Competitive landscape

Part 16: Key vendor analysis

Part 17: Appendix

Companies Mentioned

– Arab Fertilizers and Chemicals

– Haifa

– Migao

– SQM

– Uralchem

– Yara Chemicals

– Agrium

– Barium and Chemicals

– ICL

– K+S AG

– GFS Chemicals

– Potash Corp

– Qinghai Salt Lake.

For more information visit http://www.researchandmarkets.com/research/t99gd9/global_potassium

Research and Markets
Laura Wood, Senior Manager
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