Market Overview:
The global potassium sulphate market is expected to grow at a CAGR of 3.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for potassium sulphate from various applications such as agriculture, horticulture, and others. In terms of type, the agricultural grade segment is expected to hold a major share of the global potassium sulphate market during the forecast period. This can be attributed to its growing demand from various applications such as tree nuts, vegetables, fruit, tobacco and others.
Product Definition:
Potassium sulphate is a soluble potassium salt that is used as a fertilizer and in manufacturing. It has the chemical formula K2SO4.
Agriculture Grade:
Agriculture grade is a fine, dry, white or brown powder that is produced on a large scale for the purpose of adding it to fertilizers. It has high demand in the global potassium sulfate market due to its usage as an important source of sulfur and other nutrients which are required for plant growth. The agriculture industry plays a major role in providing employment and contributing towards GDP (Gross Domestic Product) especially in developing countries such as India & China.
Industrial Grade:
Industrial grade is a type of potash which has been processed to remove all impurities and can be used directly in the production of fertilizers. It contains around 90% potassium and 10% sulphur which makes it very valuable for the fertilizer industry.
Application Insights:
The demand for potassium sulphate is expected to witness significant growth in the fruit and vegetable processing industry on account of its ability to maintain freshness and quality. The product also has a wide application scope in the tobacco industry as it helps remove impurities, such as nicotine, carbon monoxide, and heavy metals.
In addition, it plays an important role in plant nutrition by providing sulfur (S) deficiency symptoms like mottle leaves & stems; discolored older leaves; early leaf drop; & increased stem elongation. Sulfur deficiency can be remedied by incorporating potassium sulfate into the soil or foliar feeding with potassium sulfate solution. However, high costs may restrain its use in agriculture applications.
Potassium sulphate is widely used across several industries including pulp & paper manufacturing where it acts as a fumigant and disinfectant before adding new layers of chemicals onto paper making machines during production stages.
Regional Analysis:
Asia Pacific was the largest market for potassium sulfate in 2016 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global production owing to availability of cheap labor, low-cost land, and favorable weather conditions. China is one of the leading producers as well as consumers in this region due to presence of large scale manufacturers coupled with high demand from various end-use industries such as agriculture, food & beverage processing, pharmaceuticals, animal feed manufacturing among others.
China has been observed growing tobacco on a large scale which requires huge amount of care and attention during cultivation process along with periodic fertilization.
Growth Factors:
- Increasing demand for potassium sulphate in agriculture sector as a fertilizer to improve crop yield and quality.
- Rising awareness about the benefits of potassium sulphate among farmers and agriculturists.
- Growing adoption of potassium sulphate as an alternative to other fertilizers due to its low environmental impact.
- Technological advancements in the production of potassium sulphate that has resulted in lower production costs and improved product quality.
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Sulphate Market Research Report
By Type
Agriculture Grade, Industrial Grade, Others
By Application
Tree Nuts, Vegetables, Fruit, Tobacco, Others
By Companies
Compass Minerals(US), K+S Group(DE), SQM(CL), Tessenderlo Group(BE), Rusal(RU), Sesoda(TW), Qing Shang Chemical(CN), Migao Group(CN)
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Sulphate Market Report Segments:
The global Potassium Sulphate market is segmented on the basis of:
Types
Agriculture Grade, Industrial Grade, Others
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
Tree Nuts, Vegetables, Fruit, Tobacco, 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:
- Compass Minerals(US)
- K+S Group(DE)
- SQM(CL)
- Tessenderlo Group(BE)
- Rusal(RU)
- Sesoda(TW)
- Qing Shang Chemical(CN)
- Migao Group(CN)
Highlights of The Potassium Sulphate 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:
- Agriculture Grade
- Industrial Grade
- Others
- By Application:
- Tree Nuts
- Vegetables
- Fruit
- Tobacco
- 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 Sulphate 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 Sulphate is a white crystalline powder that is used as a food additive and in manufacturing. It has a sour taste and can be found in baking powders, dairy products, meat products, and other processed foods.
Some of the major companies in the potassium sulphate market are Compass Minerals(US), K+S Group(DE), SQM(CL), Tessenderlo Group(BE), Rusal(RU), Sesoda(TW), Qing Shang Chemical(CN), Migao Group(CN).
The potassium sulphate market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Potassium Sulphate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Potassium Sulphate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Potassium Sulphate Market - Supply Chain
4.5. Global Potassium Sulphate Market Forecast
4.5.1. Potassium Sulphate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Potassium Sulphate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Potassium Sulphate Market Absolute $ Opportunity
5. Global Potassium Sulphate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Potassium Sulphate Market Size and Volume Forecast by Type
5.3.1. Agriculture Grade
5.3.2. Industrial Grade
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Potassium Sulphate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Potassium Sulphate Market Size and Volume Forecast by Application
6.3.1. Tree Nuts
6.3.2. Vegetables
6.3.3. Fruit
6.3.4. Tobacco
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Potassium Sulphate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Potassium Sulphate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Potassium Sulphate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Potassium Sulphate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Potassium Sulphate Demand Share Forecast, 2019-2026
9. North America Potassium Sulphate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Potassium Sulphate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Potassium Sulphate Market Size and Volume Forecast by Application
9.4.1. Tree Nuts
9.4.2. Vegetables
9.4.3. Fruit
9.4.4. Tobacco
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Potassium Sulphate Market Size and Volume Forecast by Type
9.7.1. Agriculture Grade
9.7.2. Industrial Grade
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Potassium Sulphate Demand Share Forecast, 2019-2026
10. Latin America Potassium Sulphate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Potassium Sulphate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Potassium Sulphate Market Size and Volume Forecast by Application
10.4.1. Tree Nuts
10.4.2. Vegetables
10.4.3. Fruit
10.4.4. Tobacco
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Potassium Sulphate Market Size and Volume Forecast by Type
10.7.1. Agriculture Grade
10.7.2. Industrial Grade
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Potassium Sulphate Demand Share Forecast, 2019-2026
11. Europe Potassium Sulphate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Potassium Sulphate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Potassium Sulphate Market Size and Volume Forecast by Application
11.4.1. Tree Nuts
11.4.2. Vegetables
11.4.3. Fruit
11.4.4. Tobacco
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Potassium Sulphate Market Size and Volume Forecast by Type
11.7.1. Agriculture Grade
11.7.2. Industrial Grade
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Potassium Sulphate Demand Share, 2019-2026
12. Asia Pacific Potassium Sulphate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Potassium Sulphate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Potassium Sulphate Market Size and Volume Forecast by Application
12.4.1. Tree Nuts
12.4.2. Vegetables
12.4.3. Fruit
12.4.4. Tobacco
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Potassium Sulphate Market Size and Volume Forecast by Type
12.7.1. Agriculture Grade
12.7.2. Industrial Grade
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Potassium Sulphate Demand Share, 2019-2026
13. Middle East & Africa Potassium Sulphate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Potassium Sulphate Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Potassium Sulphate Market Size and Volume Forecast by Application
13.4.1. Tree Nuts
13.4.2. Vegetables
13.4.3. Fruit
13.4.4. Tobacco
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Potassium Sulphate Market Size and Volume Forecast by Type
13.7.1. Agriculture Grade
13.7.2. Industrial Grade
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Potassium Sulphate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Potassium Sulphate Market: Market Share Analysis
14.2. Potassium Sulphate Distributors and Customers
14.3. Potassium Sulphate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Compass Minerals(US)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. K+S Group(DE)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SQM(CL)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tessenderlo Group(BE)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rusal(RU)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sesoda(TW)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Qing Shang Chemical(CN)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Migao Group(CN)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
