(PharmaNewsWire.Com, June 07, 2017 ) Publisher's 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. For more information at http://www.reportsweb.com/global-potassium-nitrate-market-2015-2019 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. Request Sample Copy: http://www.reportsweb.com/inquiry&RW0001202235/sample . 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
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
