Potassium Nitrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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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 2018-2023”, the global potassium nitrate market reached a value of US$ 1.45 Billion in 2017.

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$ 1.78 Billion by 2023, growing at a CAGR of 3.5% during 2018-2023.

Potassium Nitrate Market Price

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 global share.
  • 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 market?
  • What are the key driving factors and challenges in the global potassium nitrate market?
  • What are the import and export trends of 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    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    Marketing
        5.9.6    Distribution
        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
    6.2    Ammonium Nitrate
    6.3    Sodium Nitrate
7    Market Breakup by End-Use
    7.1    Agriculture Industry
    7.2    General Industries
    7.3    Pharmaceutical Industry
    7.4    Food Industry
    7.5    Others
8    Market Breakup by Region
    8.1    Asia Pacific
    8.2    Europe
    8.3    North America
    8.4    Middle East and Africa
    8.5    Latin America
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$), 2010-2017
Figure 3: Global: Potassium Nitrate Market: Breakup by Raw Material (in %), 2017
Figure 4: Global: Potassium Nitrate Market: Breakup by End-Use (in %), 2017
Figure 5: Global: Potassium Nitrate Market: Breakup by Region (in %), 2017
Figure 6: Global: Potassium Nitrate Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 7: Global: Potassium Nitrate Industry: SWOT Analysis
Figure 8: Global: Potassium Nitrate Industry: Value Chain Analysis
Figure 9: Global: Potassium Nitrate Industry: Porter’s Five Forces Analysis
Figure 10: Global: Potassium Nitrate (Potassium Chloride) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 11: Global: Potassium Nitrate (Ammonium Nitrate) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12: Global: Potassium Nitrate (Sodium Nitrate) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 13: Global: Potassium Nitrate (End-Use in Agriculture Industry) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Global: Potassium Nitrate (End-Use in General Industries) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 15: Global: Potassium Nitrate (End-Use in Pharmaceutical Industry) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 16: Global: Potassium Nitrate (End-Use in Food Industry) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 17: Global: Potassium Nitrate (Other End-Uses) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 18: Asia Pacific: Potassium Nitrate Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 19: Europe: Potassium Nitrate Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 20: North America: Potassium Nitrate Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 21: Middle East and Africa: Potassium Nitrate Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 22: Latin America: Potassium Nitrate Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 23: Global: Potassium Nitrate: Import Breakup by Country (in %), 2017
Figure 24: Global: Potassium Nitrate: Export Breakup by Country (in %), 2017
Figure 25: Potassium Nitrate Manufacturing: Process Flow


List of Tables

Table 1: Potassium Nitrate: General Properties
Table 2: Global: Potassium Nitrate Market: Key Industry Highlights, 2017 and 2023
Table 3: Global: Potassium Nitrate Market Forecast: Breakup by Raw Material (in Million US$), 2018-2023
Table 4: Global: Potassium Nitrate Market Forecast: Breakup by End-Use (in Million US$), 2018-2023
Table 5: Global: Potassium Nitrate Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 6: Global: Potassium Nitrate: Import Data by Country, 2017
Table 7: Global: Potassium Nitrate: Export Data by Country, 2017
Table 8: Potassium Nitrate: Raw Material Requirements
Table 9: Global: Potassium Nitrate Market Structure
Table 10: Global: Potassium Nitrate Market: Key Players


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