Global Potassium sulphate is amongst the widely used chemical fertilizers, globally along with urea and phosphate fertilizers. Amongst the major End User industry, global potassium sulphate market is segmented into agriculture, industrial, pharmaceuticals, cosmetics, food & beverages, and others. The agriculture segment accounted for the largest market share at 35%.
In the agriculture industry, potassium sulphate is utilized as a fertilizer for crops that are sensitive to chlorine. Chlorine sensitivity is predominantly observed in crops such as potatoes, tobacco, nuts, fruits, and vegetables. The increasing production of these crops across the world has bolstered the growth of the agriculture segment in the global potassium sulphate market.
Market Dynamics
North America potassium sulphate market growth is mainly driven by the presence of major market players and their strategies such as mergers and acquisitions, product launches, and partnerships with fertilizer manufacturers.
Latin America is a major consumer of potassium sulphate, owing to the presence of emerging economies such as Argentina and Brazil among others. The rising population in the region has resulted in the need to increase agricultural yield from available farmland. For instance, according to World Bank data, the population of Brazil and Argentina is expected to grow at a rate of 0.8% and 1.0%, respectively. The fertilizer consumption per hectare in Argentina and Brazil was pegged at 36.0 kg/ha and 175.2 kg/ha, respectively.
Key features of the study:
- This report provides in-depth analysis of global potassium sulphate market ,market size US$ Million, and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
- It profiles leading players in the global potassium sulphate market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include K+S KALI GmbH, Compass Minerals International Inc., Tessenderlo Group, SQM SA, Sesoda Corporation, Migao Corporation, The Mosaic Company, Yara International ASA, SOPerior Fertilizer Corp., and Interpid Potash, Inc.
- Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
- The global potassium sulphate market report caters to various stakeholders in this industry including investors, suppliers, potassium Sulphate manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global potassium sulphate market
Detailed Segmentation:
- Global Potassium Sulphate Market, By Form:
- Solid (Standard & Granular)
- Liquid (Soluble SOP)
- Global Potassium Sulphate Market, By Process:
- Mannheim Process
- Sulphate Salts Reaction
- Brine Processing
- Others
- Global Potassium Sulphate Market, By End User Industry:
- Agriculture
- Industrial
- Pharmaceuticals
- Cosmetics
- Food & Beverages
- Others
- Global Potassium Sulphate Market, By Region:
- North America
- Europe
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- North Africa
- Central Africa
- South Africa
- Company Profiles
- K+S KALI GmbH*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Compass Minerals International Inc.
- Tessenderlo Group
- SQM S.A.
- Sesoda Corporation
- Migao Corporation
- The Mosaic Company
- Yara International ASA
- SOPerior Fertilizer Corp.
- Interpid Potash Inc.
“*” marked represents similar segmentation in other categories in the respective section.
