Market Overview:
The global potassium sulfate fertilizer market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for potassium sulfate fertilizer from various applications such as explosives, fireworks, pharmacy, and others. Additionally, the growing population and rising demand for food are also contributing to the growth of the global potassium sulfate fertilizer market. However, factors such as volatility in prices of raw materials and stringent regulations on use of fertilizers may restrain the growth of this market during the forecast period. On basis of type, industrial grade accounted for majority share in 2017 and is projected to grow at a CAGR of 5.4% during forecast period 2018-2030 owing its widespread usage across various industries including agriculture & horticulture sector .Whereas medical grade type is anticipated exhibit highest CAGR over next decade due its increasing application scope in pharmaceuticals industry . On basis application , explosive segment dominated with revenue share exceeding USD 1billion by end 2027 owing high adoption rate particularly across developing countries .
Product Definition:
A potassium sulfate fertilizer is a compound that is used to add potassium and sulfur to the soil. It is often used to improve the growth of crops.
Industrial Grade:
Industrial grade is a high purity form of the product, which is used in various end-use industries such as agriculture and chemical. It has applications in fertilizers, chemicals, paints & coatings among others. The industry uses terms such as industrial grade or commercial grade to differentiate between different types of products available in the market based on quality and standards.
The product finds its major application in potassium sulfate fertilizer owing to high content of sulfur (S).
Medical Grade:
Medical-grade is a term used for products that are intended for use in medical, pharmaceutical or food applications. It has no other industrial usage. The product can be segmented on the basis of application as blood & plasma components, cell culture media and others. Medical grade potassium sulfate fertilizer is used to grow crops such as wheat, rice and vegetables by providing high phosphorous and potassium content in the soil which makes it suitable to grow these crops commercially on a large scale globally.
Application Insights:
The explosive application segment led the market and accounted for more than 35% share of the global revenue in 2017. The product is widely used in the explosives industry on account of its high reactivity with metals, which results in an increased yield of detonation products.
The fireworks segment is anticipated to witness significant growth over the forecast period owing to rising demand from China, India and Middle East countries. Potassium sulfate is required as a component for making fireworks that are used during various occasions including Chinese New Year, Diwali and Independence Day celebrations. The growing use of potassium sulfate-based firecrackers will drive demand over the coming years.
Pharmacy applications accounted for 10% share of global volume in 2017 due to increasing pharmaceutical production across emerging countries such as Brazil, South Africa.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a rise in demand for potassium sulfate fertilizers on account of the presence of major mining and processing industries. In addition, rising healthcare expenditure coupled with increasing pharmaceutical production is likely to drive product demand over the forecast period.
Asia Pacific was estimated as the second-largest regional market in 2017 and is anticipated to grow at a significant rate over the forecast period owing to rapid industrialization along with growing population especially in China, India, Japan, South Korea and Taiwan. In addition, rising investments by various governments are projected to fuel industry growth over next eight years. For instance; according high statistics from World Bank Group (WBG), between 2010-11 and 2016-17 government investment increased by 7% while private sector investment grew by 10%. This resulted into higher capital formation which can be used for manufacturing products or other businesses such as food & beverage or retail etc.
Growth Factors:
- Increasing demand for food due to population growth
- Rising awareness about the benefits of potassium sulfate fertilizer among farmers
- Government initiatives to promote the use of potassium sulfate fertilizer in agriculture sector
- Technological advancements in production of potassium sulfate fertilizers
- Growing popularity of organic farming
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Sulfate Fertilizer Market Research Report
By Type
Industrial Grade, Medical Grade
By Application
Explosive, Fireworks, Pharmacy, Others
By Companies
Yongning Tech, Yatai Dianhua, Yanlingxian Chuanxing Huagongchang, Liuyang Huagongchang, fuzhou Yihua Huxuepin, Sichuan Changhuahongguang Yanhuagong, Suiningxian Lvzhouhuagong, Yongzhou Lingling sanxiang dianhua, Yongzhou Jiuxing huagong, Lanzhou Taibang Huagong Tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Sulfate Fertilizer Market Report Segments:
The global Potassium Sulfate Fertilizer market is segmented on the basis of:
Types
Industrial Grade, Medical Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Explosive, Fireworks, Pharmacy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Yongning Tech
- Yatai Dianhua
- Yanlingxian Chuanxing Huagongchang
- Liuyang Huagongchang
- fuzhou Yihua Huxuepin
- Sichuan Changhuahongguang Yanhuagong
- Suiningxian Lvzhouhuagong
- Yongzhou Lingling sanxiang dianhua
- Yongzhou Jiuxing huagong
- Lanzhou Taibang Huagong Tech
Highlights of The Potassium Sulfate Fertilizer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Medical Grade
- By Application:
- Explosive
- Fireworks
- Pharmacy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Potassium Sulfate Fertilizer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Potassium sulfate fertilizer is a type of fertilizer that helps plants absorb water and nutrients. It is also used to control weeds.
Some of the key players operating in the potassium sulfate fertilizer market are Yongning Tech, Yatai Dianhua, Yanlingxian Chuanxing Huagongchang, Liuyang Huagongchang, fuzhou Yihua Huxuepin, Sichuan Changhuahongguang Yanhuagong, Suiningxian Lvzhouhuagong, Yongzhou Lingling sanxiang dianhua, Yongzhou Jiuxing huagong, Lanzhou Taibang Huagong Tech.
The potassium sulfate fertilizer market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Potassium Sulfate Fertilizer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Potassium Sulfate Fertilizer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Potassium Sulfate Fertilizer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Potassium Sulfate Fertilizer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Potassium Sulfate Fertilizer Market Size & Forecast, 2020-2028
4.5.1 Potassium Sulfate Fertilizer Market Size and Y-o-Y Growth
4.5.2 Potassium Sulfate Fertilizer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Industrial Grade
5.2.2 Medical Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Explosive
6.2.2 Fireworks
6.2.3 Pharmacy
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Potassium Sulfate Fertilizer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Potassium Sulfate Fertilizer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Industrial Grade
9.6.2 Medical Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Explosive
9.10.2 Fireworks
9.10.3 Pharmacy
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Industrial Grade
10.6.2 Medical Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Explosive
10.10.2 Fireworks
10.10.3 Pharmacy
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Industrial Grade
11.6.2 Medical Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Explosive
11.10.2 Fireworks
11.10.3 Pharmacy
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Industrial Grade
12.6.2 Medical Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Explosive
12.10.2 Fireworks
12.10.3 Pharmacy
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Industrial Grade
13.6.2 Medical Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Explosive
13.10.2 Fireworks
13.10.3 Pharmacy
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Potassium Sulfate Fertilizer Market: Competitive Dashboard
14.2 Global Potassium Sulfate Fertilizer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yongning Tech
14.3.2 Yatai Dianhua
14.3.3 Yanlingxian Chuanxing Huagongchang
14.3.4 Liuyang Huagongchang
14.3.5 fuzhou Yihua Huxuepin
14.3.6 Sichuan Changhuahongguang Yanhuagong
14.3.7 Suiningxian Lvzhouhuagong
14.3.8 Yongzhou Lingling sanxiang dianhua
14.3.9 Yongzhou Jiuxing huagong
14.3.10 Lanzhou Taibang Huagong Tech
