PUBLISHER: KBV Research | PRODUCT CODE: 1461864
PUBLISHER: KBV Research | PRODUCT CODE: 1461864
North America 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
The North America Potassium Nitrate Market would witness market growth of 3.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,268.00 kilo tonnes, showcasing a growth of 0.8% (2019-2022).
In the Potassium Nitrate market, the availability and pricing of raw materials, particularly Ammonium Nitrate, play a critical role in shaping industry dynamics. Ammonium Nitrate serves as a primary nitrogen source in the production of Potassium Nitrate, a compound widely used in agriculture, food preservation, and industrial applications. Therefore, the US market utilized 283.88 kilo tonnes of Ammonium Nitrate in 2022.
The US market dominated the North America Potassium Nitrate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $401.1 Million by 2030. The Canada market is exhibiting a CAGR of 5.6% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 4.8% during (2023 - 2030).
It exhibits corrosion inhibition properties and is employed as an additive in corrosion inhibitor formulations for metal protection. It helps prevent corrosion by forming a protective film on metal surfaces, inhibiting the electrochemical reactions that lead to corrosion. Potassium nitrate-based corrosion inhibitors find applications in various industries, including automotive, aerospace, and marine, where metal components are susceptible to corrosion damage.
Furthermore, the market is characterized by dynamic trends and innovations driven by technological advancements, regulatory developments, and evolving consumer preferences. Adopting precision agriculture technologies, including drones, sensors, and data analytics, drives fertilizer application and management practices innovation. Farmers can optimize nutrient applications, minimize waste, and maximize resource efficiency by leveraging real-time data and spatial variability mapping. With its precision application capabilities and rapid nutrient uptake, it complements precision agriculture strategies, enabling growers to achieve optimal crop nutrition and yield outcomes.
In addition, many regions in Canada have soils deficient in potassium. Potassium nitrate fertilizers can help replenish potassium levels in the soil, thus improving soil health and fertility. Farmers can enhance crop growth and resilience to stressors such as drought or disease by addressing nutrient deficiencies. The implementation of precision agriculture technologies in Canada has enabled the administration of fertilizers with specific targets, such as potassium nitrate. Farmers can optimize fertilizer use, minimize waste, and maximize the effectiveness of nutrient inputs through soil testing, crop monitoring, and variable rate application. As per the data from the Government of Canada, in 2022, the whole agriculture and agri-food system generated $143.8 billion (around 7.0%) of Canada's gross domestic product (GDP). Therefore, the growing agriculture sector in North America is expected to boost the growth of 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 U.S., Mexico, Canada, and Rest of North America.
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
North America Potassium Nitrate 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 (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America Potassium Nitrate Market, by Raw Material
- 1.4.2North America Potassium Nitrate Market, by End-Use
- 1.4.3North America Potassium Nitrate Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.North America Potassium Nitrate Market by Raw Material
- 4.1North America Potassium Chloride Market by Country
- 4.2North America Ammonium Nitrate Market by Country
- 4.3North America Sodium Nitrate Market by Country
Chapter 5.North America Potassium Nitrate Market by End-Use
- 5.1North America Agriculture Market by Country
- 5.2North America Pharmaceutical Market by Country
- 5.3North America Food & Beverage Market by Country
- 5.4North America Glass Manufacturing Market by Country
- 5.5North America Others Market by Country
Chapter 6.North America Potassium Nitrate Market by Country
- 6.1US Potassium Nitrate Market
- 6.1.1US Potassium Nitrate Market by Raw Material
- 6.1.2US Potassium Nitrate Market by End-Use
- 6.2Canada Potassium Nitrate Market
- 6.2.1Canada Potassium Nitrate Market by Raw Material
- 6.2.2Canada Potassium Nitrate Market by End-Use
- 6.3Mexico Potassium Nitrate Market
- 6.3.1Mexico Potassium Nitrate Market by Raw Material
- 6.3.2Mexico Potassium Nitrate Market by End-Use
- 6.4Rest of North America Potassium Nitrate Market
- 6.4.1Rest of North America Potassium Nitrate Market by Raw Material
- 6.4.2Rest of North America Potassium Nitrate Market by End-Use
Chapter 7.Company Profiles
- 7.1AG CHEMI GROUP s r. o.
- 7.1.1Company Overview
- 7.1.2SWOT Analysis
- 7.2Positive Chemicals Pvt. Ltd.
- 7.2.1Company Overview
- 7.3Arihant Chemical
- 7.3.1Company Overview
- 7.4Ravi Chem Industries
- 7.4.1Company Overview
- 7.5Jagannath Chemicals
- 7.5.1Company Overview
- 7.6SQM S.A.
- 7.6.1Company Overview
- 7.6.2Financial Analysis
- 7.6.3Segmental and Regional Analysis
- 7.7SNDB
- 7.7.1Company Overview
- 7.8Haifa Negev technologies Ltd.
- 7.8.1Company Overview
- 7.9KEMAPCO Arab Fertilizers & Chemicals Industries Ltd. (Arab Potash Company)
- 7.9.1Company Overview
- 7.9.2Financial Analysis
- 7.9.3Segmental and Regional Analysis
- 7.10.Zhejiang Lianda Chemical Co Ltd
- 7.10.1Company Overview
LIST OF TABLES
- TABLE 1North America Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 2North America Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 3North America Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 4North America Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 5North America Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 6North America Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 7North America Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 8North America Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 9North America Potassium Chloride Market by Country, 2019 - 2022, USD Million
- TABLE 10North America Potassium Chloride Market by Country, 2023 - 2030, USD Million
- TABLE 11North America Potassium Chloride Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 12North America Potassium Chloride Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 13North America Ammonium Nitrate Market by Country, 2019 - 2022, USD Million
- TABLE 14North America Ammonium Nitrate Market by Country, 2023 - 2030, USD Million
- TABLE 15North America Ammonium Nitrate Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 16North America Ammonium Nitrate Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 17North America Sodium Nitrate Market by Country, 2019 - 2022, USD Million
- TABLE 18North America Sodium Nitrate Market by Country, 2023 - 2030, USD Million
- TABLE 19North America Sodium Nitrate Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 20North America Sodium Nitrate Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 21North America Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 22North America Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 23North America Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 24North America Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 25North America Agriculture Market by Country, 2019 - 2022, USD Million
- TABLE 26North America Agriculture Market by Country, 2023 - 2030, USD Million
- TABLE 27North America Agriculture Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 28North America Agriculture Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 29North America Pharmaceutical Market by Country, 2019 - 2022, USD Million
- TABLE 30North America Pharmaceutical Market by Country, 2023 - 2030, USD Million
- TABLE 31North America Pharmaceutical Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 32North America Pharmaceutical Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 33North America Food & Beverage Market by Country, 2019 - 2022, USD Million
- TABLE 34North America Food & Beverage Market by Country, 2023 - 2030, USD Million
- TABLE 35North America Food & Beverage Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 36North America Food & Beverage Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 37North America Glass Manufacturing Market by Country, 2019 - 2022, USD Million
- TABLE 38North America Glass Manufacturing Market by Country, 2023 - 2030, USD Million
- TABLE 39North America Glass Manufacturing Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 40North America Glass Manufacturing Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 41North America Others Market by Country, 2019 - 2022, USD Million
- TABLE 42North America Others Market by Country, 2023 - 2030, USD Million
- TABLE 43North America Others Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 44North America Others Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 45North America Potassium Nitrate Market by Country, 2019 - 2022, USD Million
- TABLE 46North America Potassium Nitrate Market by Country, 2023 - 2030, USD Million
- TABLE 47North America Potassium Nitrate Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 48North America Potassium Nitrate Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 49US Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 50US Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 51US Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 52US Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 53US Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 54US Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 55US Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 56US Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 57US Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 58US Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 59US Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 60US Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 61Canada Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 62Canada Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 63Canada Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 64Canada Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 65Canada Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 66Canada Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 67Canada Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 68Canada Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 69Canada Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 70Canada Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 71Canada Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 72Canada Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 73Mexico Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 74Mexico Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 75Mexico Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 76Mexico Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 77Mexico Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 78Mexico Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 79Mexico Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 80Mexico Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 81Mexico Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 82Mexico Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 83Mexico Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 84Mexico Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 85Rest of North America Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 86Rest of North America Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 87Rest of North America Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 88Rest of North America Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 89Rest of North America Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 90Rest of North America Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 91Rest of North America Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 92Rest of North America Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 93Rest of North America Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 94Rest of North America Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 95Rest of North America Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 96Rest of North America Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 97Key Information - AG CHEMI GROUP s r. o.
- TABLE 98Key Information - Positive Chemicals Pvt. Ltd.
- TABLE 99Key Information - Arihant Chemical
- TABLE 100Key Information - Ravi Chem Industries
- TABLE 101Key Information - Jagannath Chemicals
- TABLE 102Key Information - SQM S.A.
- TABLE 103Key Information -SNDB
- TABLE 104Key Information - Haifa Negev technologies Ltd.
- TABLE 105Key Information - KEMAPCO Arab Fertilizers & Chemicals Industries Ltd.
- TABLE 106Key Information - Zhejiang Lianda Chemical Co Ltd
