PUBLISHER: KBV Research | PRODUCT CODE: 1461866
PUBLISHER: KBV Research | PRODUCT CODE: 1461866
Asia Pacific 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 Asia Pacific Potassium Nitrate Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,548.11 kilo tonnes, showcasing a growth of 1.2% (2019-2022).
The agriculture sector stands as a paramount end-use industry in the market, driving substantial demand for fertilizers to enhance crop yields and quality. Potassium Nitrate, renowned for its high solubility and versatility, serves as a vital source of potassium and nitrogen, essential nutrients for plant growth, flowering, and fruiting. Thus, the China market would utilize 195.52 kilo tonnes of Potassium Nitrate in agriculture sector by 2030.
The China market dominated the Asia Pacific Potassium Nitrate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $257.8 Million by 2030. The India market is registering a CAGR of 4.7% during (2023 - 2030). Additionally, The Japan market would showcase a CAGR of 3.2% during (2023 - 2030).
The emergence of biostimulant products containing potassium nitrate is a notable trend in the agricultural inputs sector. Biostimulants, which include organic substances, microbial inoculants, and plant growth regulators, enhance plant growth, stress tolerance, and nutrient uptake efficiency. Potassium nitrate-based biostimulants offer multifaceted benefits, including improved root development, enhanced nutrient assimilation, and increased resistance to abiotic stressors. As the demand for sustainable crop production solutions grows, potassium nitrate-based biostimulants are expected to gain traction among growers seeking to optimize plant performance and resilience.
Furthermore, biostimulants containing potassium nitrate help plants cope with environmental stressors by enhancing their natural defense and stress tolerance mechanisms. By bolstering plant resilience, these biostimulants enable crops to withstand adverse conditions and maintain productivity under challenging circumstances, reducing yield losses and ensuring more consistent crop performance. With growing concerns over environmental sustainability and resource efficiency in agriculture, there's increasing demand for sustainable crop production solutions. Potassium nitrate-based biostimulants align with this trend by offering growers a sustainable approach to optimizing plant performance while minimizing environmental impacts.
In addition, the pharmaceutical industry is a major player in API production in India, supplying domestic and international markets. As the demand for pharmaceutical products continues to rise, there could be an increased need for potassium nitrate as a raw material in API manufacturing processes. As per the data released in 2023 by the India Brand Equity Foundation, it is expected that the Indian pharmaceuticals sector will attain a value of US$65 billion by 2024 and US$130 billion by 2030. The Indian pharmaceutical industry is estimated to be worth around $50 billion, of which more than $25 billion is derived from exports. Thus, the increasing demand in the pharmaceutical sector in Asia Pacific will assist in 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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
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
Asia Pacific 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)
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Asia Pacific Potassium Nitrate Market, by Raw Material
- 1.4.2Asia Pacific Potassium Nitrate Market, by End-Use
- 1.4.3Asia Pacific 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.Asia Pacific Potassium Nitrate Market by Raw Material
- 4.1Asia Pacific Potassium Chloride Market by Country
- 4.2Asia Pacific Ammonium Nitrate Market by Country
- 4.3Asia Pacific Sodium Nitrate Market by Country
Chapter 5.Asia Pacific Potassium Nitrate Market by End-Use
- 5.1Asia Pacific Agriculture Market by Country
- 5.2Asia Pacific Pharmaceutical Market by Country
- 5.3Asia Pacific Food & Beverage Market by Country
- 5.4Asia Pacific Glass Manufacturing Market by Country
- 5.5Asia Pacific Others Market by Country
Chapter 6.Asia Pacific Potassium Nitrate Market by Country
- 6.1China Potassium Nitrate Market
- 6.1.1China Potassium Nitrate Market by Raw Material
- 6.1.2China Potassium Nitrate Market by End-Use
- 6.2India Potassium Nitrate Market
- 6.2.1India Potassium Nitrate Market by Raw Material
- 6.2.2India Potassium Nitrate Market by End-Use
- 6.3Japan Potassium Nitrate Market
- 6.3.1Japan Potassium Nitrate Market by Raw Material
- 6.3.2Japan Potassium Nitrate Market by End-Use
- 6.4South Korea Potassium Nitrate Market
- 6.4.1South Korea Potassium Nitrate Market by Raw Material
- 6.4.2South Korea Potassium Nitrate Market by End-Use
- 6.5Australia Potassium Nitrate Market
- 6.5.1Australia Potassium Nitrate Market by Raw Material
- 6.5.2Australia Potassium Nitrate Market by End-Use
- 6.6Malaysia Potassium Nitrate Market
- 6.6.1Malaysia Potassium Nitrate Market by Raw Material
- 6.6.2Malaysia Potassium Nitrate Market by End-Use
- 6.7Rest of Asia Pacific Potassium Nitrate Market
- 6.7.1Rest of Asia Pacific Potassium Nitrate Market by Raw Material
- 6.7.2Rest of Asia Pacific 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 1Asia Pacific Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 2Asia Pacific Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 3Asia Pacific Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 4Asia Pacific Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 5Asia Pacific Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 6Asia Pacific Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 7Asia Pacific Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 8Asia Pacific Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 9Asia Pacific Potassium Chloride Market by Country, 2019 - 2022, USD Million
- TABLE 10Asia Pacific Potassium Chloride Market by Country, 2023 - 2030, USD Million
- TABLE 11Asia Pacific Potassium Chloride Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 12Asia Pacific Potassium Chloride Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 13Asia Pacific Ammonium Nitrate Market by Country, 2019 - 2022, USD Million
- TABLE 14Asia Pacific Ammonium Nitrate Market by Country, 2023 - 2030, USD Million
- TABLE 15Asia Pacific Ammonium Nitrate Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 16Asia Pacific Ammonium Nitrate Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 17Asia Pacific Sodium Nitrate Market by Country, 2019 - 2022, USD Million
- TABLE 18Asia Pacific Sodium Nitrate Market by Country, 2023 - 2030, USD Million
- TABLE 19Asia Pacific Sodium Nitrate Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 20Asia Pacific Sodium Nitrate Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 21Asia Pacific Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 22Asia Pacific Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 23Asia Pacific Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 24Asia Pacific Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 25Asia Pacific Agriculture Market by Country, 2019 - 2022, USD Million
- TABLE 26Asia Pacific Agriculture Market by Country, 2023 - 2030, USD Million
- TABLE 27Asia Pacific Agriculture Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 28Asia Pacific Agriculture Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 29Asia Pacific Pharmaceutical Market by Country, 2019 - 2022, USD Million
- TABLE 30Asia Pacific Pharmaceutical Market by Country, 2023 - 2030, USD Million
- TABLE 31Asia Pacific Pharmaceutical Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 32Asia Pacific Pharmaceutical Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 33Asia Pacific Food & Beverage Market by Country, 2019 - 2022, USD Million
- TABLE 34Asia Pacific Food & Beverage Market by Country, 2023 - 2030, USD Million
- TABLE 35Asia Pacific Food & Beverage Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 36Asia Pacific Food & Beverage Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 37Asia Pacific Glass Manufacturing Market by Country, 2019 - 2022, USD Million
- TABLE 38Asia Pacific Glass Manufacturing Market by Country, 2023 - 2030, USD Million
- TABLE 39Asia Pacific Glass Manufacturing Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 40Asia Pacific Glass Manufacturing Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 41Asia Pacific Others Market by Country, 2019 - 2022, USD Million
- TABLE 42Asia Pacific Others Market by Country, 2023 - 2030, USD Million
- TABLE 43Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 44Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 45Asia Pacific Potassium Nitrate Market by Country, 2019 - 2022, USD Million
- TABLE 46Asia Pacific Potassium Nitrate Market by Country, 2023 - 2030, USD Million
- TABLE 47Asia Pacific Potassium Nitrate Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 48Asia Pacific Potassium Nitrate Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 49China Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 50China Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 51China Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 52China Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 53China Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 54China Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 55China Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 56China Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 57China Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 58China Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 59China Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 60China Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 61India Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 62India Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 63India Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 64India Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 65India Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 66India Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 67India Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 68India Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 69India Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 70India Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 71India Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 72India Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 73Japan Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 74Japan Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 75Japan Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 76Japan Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 77Japan Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 78Japan Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 79Japan Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 80Japan Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 81Japan Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 82Japan Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 83Japan Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 84Japan Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 85South Korea Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 86South Korea Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 87South Korea Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 88South Korea Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 89South Korea Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 90South Korea Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 91South Korea Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 92South Korea Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 93South Korea Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 94South Korea Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 95South Korea Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 96South Korea Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 97Australia Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 98Australia Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 99Australia Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 100Australia Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 101Australia Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 102Australia Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 103Australia Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 104Australia Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 105Australia Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 106Australia Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 107Australia Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 108Australia Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 109Malaysia Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 110Malaysia Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 111Malaysia Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 112Malaysia Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 113Malaysia Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 114Malaysia Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 115Malaysia Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 116Malaysia Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 117Malaysia Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 118Malaysia Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 119Malaysia Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 120Malaysia Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 121Rest of Asia Pacific Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 122Rest of Asia Pacific Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 123Rest of Asia Pacific Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 124Rest of Asia Pacific Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 125Rest of Asia Pacific Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 126Rest of Asia Pacific Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 127Rest of Asia Pacific Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 128Rest of Asia Pacific Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 129Rest of Asia Pacific Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 130Rest of Asia Pacific Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 131Rest of Asia Pacific Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 132Rest of Asia Pacific Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 133Key Information - AG CHEMI GROUP s r. o.
- TABLE 134Key Information - Positive Chemicals Pvt. Ltd.
- TABLE 135Key Information - Arihant Chemical
- TABLE 136Key Information - Ravi Chem Industries
- TABLE 137Key Information - Jagannath Chemicals
- TABLE 138Key Information - SQM S.A.
- TABLE 139Key Information -SNDB
- TABLE 140Key Information - Haifa Negev technologies Ltd.
- TABLE 141Key Information - KEMAPCO Arab Fertilizers & Chemicals Industries Ltd.
- TABLE 142Key Information - Zhejiang Lianda Chemical Co Ltd
