Potassium nitrate, also known as saltpetre and nitrate of potash, is a crystalline salt with the chemical formula KNO3. Salt is primarily used in producing various fertilizers as it is enriched with both potassium and nitrate ions. The salt is white and crystalline in appearance and releases oxygen when heated via a combustion reaction.
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This property of potassium salt is widely exploited in the fireworks and explosives industry. It also acts as a food preservative, especially in the storage of meat and in certain medical procedures such as dental treatments and medications.
Key Details About the Potassium nitrate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Potassium nitrate price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Potassium nitrate Price chart, including India Iron price, USA Iron price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Potassium nitrate Price Trend:
Potassium nitrate is an ionic salt that finds its applications in various industries. The primary use of this salt is in the agriculture sector. This salt contains both potassium and nitrogen which are essential elements for the growth of plants. Another significant use of this salt is in the explosives and fireworks market. The salt is ionic in nature and releases oxygen via a combustion reaction.
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It acts as an oxidizing agent and provides the necessary oxygen for explosions and pyrotechnic displays. It is also employed in the food industry as a food preservative. It helps in preventing the growth of bacteria and other microorganisms and in turn, increases the shelf life of processed meat, cheese, and other perishable goods. It also has applications in the pharmaceutical market. In the pharma sector salt is used in medications with vasodilatory properties. It is also employed in dental treatments.
Key Players:
- Haifa Chemicals Ltd
- Miago Corporation
- SQM S.A.
- Uralchem JSC
- Yara North America Inc
News & Recent Development:
- August 16, 2022- How do Potassium Salts Change Biochar Pyrolysis?- One of the chemical pretreatment techniques utilized for many kinds of lignocellulosic biomass to increase pyrolysis effectiveness is alkali pretreatment. The transformation and release of inorganic elements during biomass conversion are governed by intricate chemical and physical mechanisms.
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