May 07, 2024 04:10 ET | Source: Research and Markets Research and Markets
Dublin, May 07, 2024 (GLOBE NEWSWIRE) -- The "Global Potassium Nitrate Market Report by Raw Material, End-Use, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The global potassium nitrate market size reached US$ 1.8 Billion in 2023 and is projected to reach US$ 2.3 Billion by 2032, exhibiting a growth rate (CAGR) of 2.76% during 2023-2032. 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. calcium nitrate for strawberries
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. Key Market Segmentation This report provides an analysis of the key trends in each sub-segment of the global potassium nitrate market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on raw material and end-use.
Competitive Landscape The competitive landscape of the market has also been examined with some of the key players being Arab Potash Company, Haifa Negev technologies Ltd., SQM S.A., Uralchem Group and Yara International. 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. Key Questions Answered in This Report
For more information about this report visit https://www.researchandmarkets.com/r/4z2pvj
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