PUBLISHER: KBV Research | PRODUCT CODE: 1461867
PUBLISHER: KBV Research | PRODUCT CODE: 1461867
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
The Latin America, Middle East and Africa 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
LAMEA 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)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1LAMEA Potassium Nitrate Market, by Raw Material
- 1.4.2LAMEA Potassium Nitrate Market, by End-Use
- 1.4.3LAMEA 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.LAMEA Potassium Nitrate Market by Raw Material
- 4.1LAMEA Potassium Chloride Market by Country
- 4.2LAMEA Ammonium Nitrate Market by Country
- 4.3LAMEA Sodium Nitrate Market by Country
Chapter 5.LAMEA Potassium Nitrate Market by End-Use
- 5.1LAMEA Agriculture Market by Country
- 5.2LAMEA Pharmaceutical Market by Country
- 5.3LAMEA Food & Beverage Market by Country
- 5.4LAMEA Glass Manufacturing Market by Country
- 5.5LAMEA Others Market by Country
Chapter 6.LAMEA Potassium Nitrate Market by Country
- 6.1Brazil Potassium Nitrate Market
- 6.1.1Brazil Potassium Nitrate Market by Raw Material
- 6.1.2Brazil Potassium Nitrate Market by End-Use
- 6.2Argentina Potassium Nitrate Market
- 6.2.1Argentina Potassium Nitrate Market by Raw Material
- 6.2.2Argentina Potassium Nitrate Market by End-Use
- 6.3UAE Potassium Nitrate Market
- 6.3.1UAE Potassium Nitrate Market by Raw Material
- 6.3.2UAE Potassium Nitrate Market by End-Use
- 6.4Saudi Arabia Potassium Nitrate Market
- 6.4.1Saudi Arabia Potassium Nitrate Market by Raw Material
- 6.4.2Saudi Arabia Potassium Nitrate Market by End-Use
- 6.5South Africa Potassium Nitrate Market
- 6.5.1South Africa Potassium Nitrate Market by Raw Material
- 6.5.2South Africa Potassium Nitrate Market by End-Use
- 6.6Nigeria Potassium Nitrate Market
- 6.6.1Nigeria Potassium Nitrate Market by Raw Material
- 6.6.2Nigeria Potassium Nitrate Market by End-Use
- 6.7Rest of LAMEA Potassium Nitrate Market
- 6.7.1Rest of LAMEA Potassium Nitrate Market by Raw Material
- 6.7.2Rest of LAMEA 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 1LAMEA Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 2LAMEA Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 3LAMEA Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 4LAMEA Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 5LAMEA Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 6LAMEA Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 7LAMEA Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 8LAMEA Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 9LAMEA Potassium Chloride Market by Country, 2019 - 2022, USD Million
- TABLE 10LAMEA Potassium Chloride Market by Country, 2023 - 2030, USD Million
- TABLE 11LAMEA Potassium Chloride Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 12LAMEA Potassium Chloride Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 13LAMEA Ammonium Nitrate Market by Country, 2019 - 2022, USD Million
- TABLE 14LAMEA Ammonium Nitrate Market by Country, 2023 - 2030, USD Million
- TABLE 15LAMEA Ammonium Nitrate Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 16LAMEA Ammonium Nitrate Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 17LAMEA Sodium Nitrate Market by Country, 2019 - 2022, USD Million
- TABLE 18LAMEA Sodium Nitrate Market by Country, 2023 - 2030, USD Million
- TABLE 19LAMEA Sodium Nitrate Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 20LAMEA Sodium Nitrate Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 21LAMEA Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 22LAMEA Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 23LAMEA Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 24LAMEA Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 25LAMEA Agriculture Market by Country, 2019 - 2022, USD Million
- TABLE 26LAMEA Agriculture Market by Country, 2023 - 2030, USD Million
- TABLE 27LAMEA Agriculture Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 28LAMEA Agriculture Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 29LAMEA Pharmaceutical Market by Country, 2019 - 2022, USD Million
- TABLE 30LAMEA Pharmaceutical Market by Country, 2023 - 2030, USD Million
- TABLE 31LAMEA Pharmaceutical Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 32LAMEA Pharmaceutical Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 33LAMEA Food & Beverage Market by Country, 2019 - 2022, USD Million
- TABLE 34LAMEA Food & Beverage Market by Country, 2023 - 2030, USD Million
- TABLE 35LAMEA Food & Beverage Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 36LAMEA Food & Beverage Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 37LAMEA Glass Manufacturing Market by Country, 2019 - 2022, USD Million
- TABLE 38LAMEA Glass Manufacturing Market by Country, 2023 - 2030, USD Million
- TABLE 39LAMEA Glass Manufacturing Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 40LAMEA Glass Manufacturing Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 41LAMEA Others Market by Country, 2019 - 2022, USD Million
- TABLE 42LAMEA Others Market by Country, 2023 - 2030, USD Million
- TABLE 43LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 44LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 45LAMEA Potassium Nitrate Market by Country, 2019 - 2022, USD Million
- TABLE 46LAMEA Potassium Nitrate Market by Country, 2023 - 2030, USD Million
- TABLE 47LAMEA Potassium Nitrate Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 48LAMEA Potassium Nitrate Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 49Brazil Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 50Brazil Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 51Brazil Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 52Brazil Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 53Brazil Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 54Brazil Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 55Brazil Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 56Brazil Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 57Brazil Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 58Brazil Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 59Brazil Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 60Brazil Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 61Argentina Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 62Argentina Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 63Argentina Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 64Argentina Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 65Argentina Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 66Argentina Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 67Argentina Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 68Argentina Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 69Argentina Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 70Argentina Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 71Argentina Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 72Argentina Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 73UAE Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 74UAE Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 75UAE Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 76UAE Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 77UAE Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 78UAE Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 79UAE Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 80UAE Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 81UAE Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 82UAE Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 83UAE Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 84UAE Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 85Saudi Arabia Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 86Saudi Arabia Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 87Saudi Arabia Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 88Saudi Arabia Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 89Saudi Arabia Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 90Saudi Arabia Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 91Saudi Arabia Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 92Saudi Arabia Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 93Saudi Arabia Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 94Saudi Arabia Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 95Saudi Arabia Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 96Saudi Arabia Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 97South Africa Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 98South Africa Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 99South Africa Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 100South Africa Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 101South Africa Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 102South Africa Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 103South Africa Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 104South Africa Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 105South Africa Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 106South Africa Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 107South Africa Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 108South Africa Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 109Nigeria Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 110Nigeria Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 111Nigeria Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 112Nigeria Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 113Nigeria Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 114Nigeria Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 115Nigeria Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 116Nigeria Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 117Nigeria Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 118Nigeria Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 119Nigeria Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 120Nigeria Potassium Nitrate Market by End-Use, 2023 - 2030, Kilo Tonnes
- TABLE 121Rest of LAMEA Potassium Nitrate Market, 2019 - 2022, USD Million
- TABLE 122Rest of LAMEA Potassium Nitrate Market, 2023 - 2030, USD Million
- TABLE 123Rest of LAMEA Potassium Nitrate Market, 2019 - 2022, Kilo Tonnes
- TABLE 124Rest of LAMEA Potassium Nitrate Market, 2023 - 2030, Kilo Tonnes
- TABLE 125Rest of LAMEA Potassium Nitrate Market by Raw Material, 2019 - 2022, USD Million
- TABLE 126Rest of LAMEA Potassium Nitrate Market by Raw Material, 2023 - 2030, USD Million
- TABLE 127Rest of LAMEA Potassium Nitrate Market by Raw Material, 2019 - 2022, Kilo Tonnes
- TABLE 128Rest of LAMEA Potassium Nitrate Market by Raw Material, 2023 - 2030, Kilo Tonnes
- TABLE 129Rest of LAMEA Potassium Nitrate Market by End-Use, 2019 - 2022, USD Million
- TABLE 130Rest of LAMEA Potassium Nitrate Market by End-Use, 2023 - 2030, USD Million
- TABLE 131Rest of LAMEA Potassium Nitrate Market by End-Use, 2019 - 2022, Kilo Tonnes
- TABLE 132Rest of LAMEA 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
