Market Research Report
Global Potassium Nitrate Market 2017-2021
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||347458|
|Published||Content info||70 Pages
|Global Potassium Nitrate Market 2017-2021|
|Published: May 3, 2017||Content info: 70 Pages||
Potassium is one of the most important basic plant nutrients along with nitrogen and phosphate. With no substitute, potassium nitrate is a widely used in the form of fertilizers to enhance the crop yield. Potassium nitrate content in the soil is quite important as it is essential to maintain and increase food production. Potassium nitrate has many applications, the major one being in agriculture as fertilizers. Potassium nitrate contains nitrogen which is an important component of RNA (ribonucleic acid) and DNA (deoxyribonucleic acid). It constitutes the primary nutrients (along with potassium and phosphate) for the development of plants and increases yield. Other than fertilizers its most important use has been as a component of gunpowder.
Technavio's analysts forecast the global potassium nitrate market to grow at a CAGR of 4.02% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global potassium nitrate market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio's report, Global Potassium Nitrate Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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