High-purity potassium nitrate is a white, odorless, crystalline inorganic compound with the chemical formula KNO3 and is also commonly known as saltpeter. It is used as a fertilizer, antifreeze, preservative, and ingredient in gunpowder.
High-purity potassium nitrate has a wide variety of global applications in the food industry, pharmaceuticals, explosives, gunpowder, fertilizers, and other industrial applications. It is produced by a high-temperature roasting process, which results in a material of a high-purity, powdery consistency. It is also used in reclaiming coal ash, explosives, pyrotechnics and has optical uses.
Since the early 1930s, the production of potassium nitrate has increased exponentially in the US and other countries worldwide. According to Statista, the global production of potassium nitrate was estimated to be around 2.5 million tons in 2020. China is the largest producer of potassium nitrate with an estimated production of 1.4 million tons of potassium nitrate in 2019.
A detailed market research report on Global High-purity Potassium Nitrate Market available at: https://www.themarketreports.com/report/global-high-purity-potassium-nitrate-market-research-report
This report aims to provide a comprehensive presentation of the global market for High-purity Potassium Nitrate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High-purity Potassium Nitrate.
The High-purity Potassium Nitrate market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global High-purity Potassium Nitrate market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
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