“ Global
Potassium
Nitrate Market 2015-2019” is the latest addition
to MRR.BIZ industry research reports collection.
Technavios 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 worlds 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.
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http://www.marketresearchreports.biz/analysis/494409
The report offers an
analysis of each of the following segments and discusses its impact
on the overall market growth -
- Agriculture
- General industries
- Pharmaceutical industry
- Food industry
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.
The report offers an
analysis of each of the following segments and discusses its impact
on the overall market growth -
- Potassium chloride
- Sodium nitrate
- Ammonium nitrate
Geographical segmentation
and analysis of the potassium nitrate market
- APAC
- EMEA
- North America
- ROW
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.
Competitive landscape and key
vendors Haifa, Migao, SQM, Uralchem, Yara Chemicals
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.
The leading vendors in the
market are
- Arab Fertilizers and Chemicals
- Haifa
- Migao
- SQM
- Uralchem
Other prominent vendors in the
market include Agrium, Barium and Chemicals, ICL, K+S AG, GFS
Chemicals, Potash Corp, and Qinghai Salt Lake.
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Sample copy of this Report @
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Table of Content :
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research
methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast by
volume
Market size and forecast by
value
Five forces analysis
PART 06: Market segmentation
by raw material
Market overview
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