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LAMEA Potassium Nitrate Market Size, Share & Trends Analysis Report By Raw Material (Potassium Chloride, Ammonium Nitrate, and Sodium Nitrate), By End-Use, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 98 Pages
  • March 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953536
The LAMEA Potassium Nitrate Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 383.92 kilo tonnes, showcasing a growth of 4.4% (2023-2030).

While the pharmaceutical industry may not be the largest consumer of Potassium Nitrate, its significance lies in niche applications where the compound serves as a critical ingredient in various medications and formulations. It is, recognized for its properties as a vasodilator and antianginal agent, finds application in certain pharmaceutical products, particularly in oral and topical preparations. Therefore, the Brazil market would utilize 22.69 kilo tonnes of Potassium Nitrate in pharmaceutical industry by 2030.



The Brazil market dominated the LAMEA Potassium Nitrate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $49.1 Million by 2030. The Argentina market is showcasing a CAGR of 5.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 4.5% during (2023 - 2030).

In the industrial sector, technological innovations drive efficiencies in potassium nitrate production processes. Advances in chemical engineering, process optimization, and energy management enhance potassium nitrate manufacturing operations' sustainability, safety, and cost-effectiveness. Furthermore, research efforts focused on alternative raw materials, green chemistry principles, and renewable energy sources pave the way for more environmentally friendly and economically viable production methods.

Additionally, continuous improvements in process optimization methodologies, such as computer-aided process simulation, modeling, and control systems, enable manufacturers to fine-tune production parameters and optimize resource utilization. Companies can streamline potassium nitrate manufacturing processes and enhance overall productivity by maximizing reaction efficiency, minimizing byproducts, and optimizing resource allocation.

Moreover, South Africa's food and beverage sector increasingly focuses on meeting high-quality standards to compete in domestic and international markets. It enhances the quality of agricultural produce by improving shelf life, taste, color, and nutrient content. As per the data from the Government of South Africa, measured in real terms (constant 2019 prices), total income generated by the food and beverages industry increased by 14,9% in February 2023 compared with February 2022. Positive annual growth rates were recorded for bar sales (35,5%) and food sales (13,8%). Therefore, with the increasing demand in the agriculture and food and beverage sectors in LAMEA, there will be enhanced growth in the regional market.

Based on Raw Material, the market is segmented into Potassium Chloride, Ammonium Nitrate, and Sodium Nitrate. Based on End-Use, the market is segmented into Agriculture, Pharmaceutical, Food & Beverage, Glass Manufacturing, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

  • AG CHEMI GROUP s.r.o.
  • Positive Chemicals Pvt. Ltd.
  • Arihant Chemical
  • Ravi Chem Industries
  • Jagannath Chemicals
  • SQM S.A.
  • SNDB
  • Haifa Negev technologies Ltd.
  • KEMAPCO Arab Fertilizers & Chemicals Industries Ltd. (Arab Potash Company)
  • Zhejiang Lianda Chemical Co Ltd

Market Report Segmentation

By Raw Material (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Potassium Chloride
  • Ammonium Nitrate
  • Sodium Nitrate
By End-Use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Agriculture
  • Pharmaceutical
  • Food & Beverage
  • Glass Manufacturing
  • Others
By Country
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Potassium Nitrate Market, by Raw Material
1.4.2 LAMEA Potassium Nitrate Market, by End-Use
1.4.3 LAMEA Potassium Nitrate Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. LAMEA Potassium Nitrate Market by Raw Material
4.1 LAMEA Potassium Chloride Market by Country
4.2 LAMEA Ammonium Nitrate Market by Country
4.3 LAMEA Sodium Nitrate Market by Country
Chapter 5. LAMEA Potassium Nitrate Market by End-Use
5.1 LAMEA Agriculture Market by Country
5.2 LAMEA Pharmaceutical Market by Country
5.3 LAMEA Food & Beverage Market by Country
5.4 LAMEA Glass Manufacturing Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Potassium Nitrate Market by Country
6.1 Brazil Potassium Nitrate Market
6.1.1 Brazil Potassium Nitrate Market by Raw Material
6.1.2 Brazil Potassium Nitrate Market by End-Use
6.2 Argentina Potassium Nitrate Market
6.2.1 Argentina Potassium Nitrate Market by Raw Material
6.2.2 Argentina Potassium Nitrate Market by End-Use
6.3 UAE Potassium Nitrate Market
6.3.1 UAE Potassium Nitrate Market by Raw Material
6.3.2 UAE Potassium Nitrate Market by End-Use
6.4 Saudi Arabia Potassium Nitrate Market
6.4.1 Saudi Arabia Potassium Nitrate Market by Raw Material
6.4.2 Saudi Arabia Potassium Nitrate Market by End-Use
6.5 South Africa Potassium Nitrate Market
6.5.1 South Africa Potassium Nitrate Market by Raw Material
6.5.2 South Africa Potassium Nitrate Market by End-Use
6.6 Nigeria Potassium Nitrate Market
6.6.1 Nigeria Potassium Nitrate Market by Raw Material
6.6.2 Nigeria Potassium Nitrate Market by End-Use
6.7 Rest of LAMEA Potassium Nitrate Market
6.7.1 Rest of LAMEA Potassium Nitrate Market by Raw Material
6.7.2 Rest of LAMEA Potassium Nitrate Market by End-Use
Chapter 7. Company Profiles
7.1 AG CHEMI GROUP s r. o.
7.1.1 Company Overview
7.1.2 SWOT Analysis
7.2 Positive Chemicals Pvt. Ltd.
7.2.1 Company Overview
7.3 Arihant Chemical
7.3.1 Company Overview
7.4 Ravi Chem Industries
7.4.1 Company Overview
7.5 Jagannath Chemicals
7.5.1 Company Overview
7.6 SQM S.A.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.7 SNDB
7.7.1 Company Overview
7.8 Haifa Negev technologies Ltd.
7.8.1 Company Overview
7.9 KEMAPCO Arab Fertilizers & Chemicals Industries Ltd. (Arab Potash Company)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.10. Zhejiang Lianda Chemical Co Ltd
7.10.1 Company Overview

Companies Mentioned

  • AG CHEMI GROUP s.r.o.
  • Positive Chemicals Pvt. Ltd.
  • Arihant Chemical
  • Ravi Chem Industries
  • Jagannath Chemicals
  • SQM S.A.
  • SNDB
  • Haifa Negev technologies Ltd.
  • KEMAPCO Arab Fertilizers & Chemicals Industries Ltd. (Arab Potash Company)
  • Zhejiang Lianda Chemical Co Ltd

Methodology

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