Potassium Sulphate Market
Global Potassium Sulphate Market Size, Share & Trends Analysis Report by Form (Solid and Liquid), by Manufacturing Process (Mannheim Process, Salt Brine, and Potash/Sulphate Reaction) and Application (Agriculture, Pharmaceuticals, Cosmetics, Food & Beverages, and Others) Forecast Period (2021-2027). Update Available - Forecast 2024-2030
The global potassium sulphate market is anticipated to grow at a significant CAGR of 9.2% during the forecast period. The supportive government schemes for the production of potassium sulphate, especially for the agricultural sector are driving the market growth of potassium sulphate. For instance, the government of India has Concession Scheme and Nutrient Based Subsidy Policy for providing fertilizers to the farmers at subsidized prices. Moreover, potassium sulphate is one of the best alternative of potassium chloride as it has less environmental impact than potassium chloride. It is widely used in animal feed to boost the protein and nutrient intake of animals.
However, the rising inclination toward natural alternative products in the agriculture, cosmetics, and food & beverage sector can restrain the market growth of the potassium sulphate market during the forecast period. This report will further provide an in-depth analysis of all the factors that are directly or indirectly impacting the market growth of Potassium Sulphate.
Impact of COVID-19 Pandemic on Global Potassium Sulphate Market
The supply chain disruption during the COVID-19 had negatively impacted the potassium sulphate market growth. However, as the restrictions of COVID-19 eased, the potassium sulphate market had bounced back with significant growth due to increased demand in the pharmaceutical and agricultural sectors. This report will further cover the in-depth analysis of the COVID-19 pandemic in the Potassium Sulphate market.
Segmental Outlook
The global potassium sulphate market is segmented based on the form, manufacturing process, and application. Based on the form, the market is segmented into solid and liquid. Based on the manufacturing process, the market is segmented mannheim process, salt brine, and potash/sulphate reaction. Based on application, the market is sub-segmented into agriculture, pharmaceuticals, cosmetics, food & beverages, and others. . This segmentation can further be customized as per the requirement.
Global Potassium Sulphate Market Share by Application, 2020 (%)
The Agriculture Sector has Major Application in the Global Potassium Sulphate Market.
Potassium sulphate is majorly used as fertilizer in agricultural activities. With the rising global population, the demand for food is rising significantly. To satisfy this growing food demand farmers are using various fertilizers, including potassium sulphate to increase their crop yield. However, the rising trend for organic farming for preserving the environment from the harmful effects of these chemical fertilizers will reduce the demand for potassium sulphate from the agricultural sector.
The pharmaceuticals sector is expected to grow fastest in the market due to the increased demand for life-essential medicines during the COVID-19 pandemic. Several pharmaceutical companies have various medical researches in the pipeline which will further fuel the market growth during the forecast period.
Regional Outlooks
The global Potassium Sulphate market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East, Africa, and Latin America). The market can also be analyzed for particular region or country level only as per the requirement.
Global Potassium Sulphate Market Growth, by Region 2021-2027
China is the Major Producer of Potassium Sulphate in the Market.
As per International Trade Center, 1.13 million tons of potassium sulphate has been traded globally in 2020, which was valued at $1.02 billion. China, Sweden, and Egypt were the major exporting nation of potassium sulphate which accounts for 65.8% of the total global trade of potassium sulphate. Belgium, Mexico, and the US are the major importing nations of potassium sulphate globally that had imported 21.0% of the total potassium sulphate traded globally. We will further provide the complete import-export trade analysis in the report.
Market Players Outlook
The major companies serving the global potassium sulphate market include China Ching Shiang Chemical Co. Ltd., K+S AG, SOPerior Fertilizer Corp., Qing Shang Chemical, Akash Purochem Pvt Ltd., HELM AG, Yara International ASA, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Trigg Mining, the owner of the Lake Throssell sulphate of potash project, had expanded the project by 235% to 1,085 square kilometers in January 2022. The major portion of potassium sulphate is sold as fertilizer to the farmers.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global potassium sulphate market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Potassium Sulphate Market
• Recovery Scenario of Global Potassium Sulphate Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Trade Analysis
2.2.3. Recommendations
2.2.4. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. SWOT Analysis
3.1.3. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Potassium Sulphate Market by Form
5.1.1. Solid
5.1.2. Liquid
5.2. Global Potassium Sulphate Market by Manufacturing Process
5.2.1. Mannheim Process
5.2.2. Salt Brine
5.2.3. Potash/Sulphate Reaction
5.3. Global Potassium Sulphate Market by Application
5.3.1. Agriculture
5.3.2. Pharmaceuticals
5.3.3. Cosmetics
5.3.4. Food & Beverages
5.3.5. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Akash Purochem Pvt Ltd.
7.2. China Ching Shiang Chemical Co. Ltd.
7.3. Compass Minerals International Inc.
7.4. Gadot Biochemical Industries Ltd.
7.5. GUJARAT AGRI-CHEM INDUSTRIES PVT. LTD.
7.6. HELM AG
7.7. Intrepid Potash, Inc.
7.8. K+S AG
7.9. Migao Corp.
7.10. Mosaic
7.11. Nutrien Ltd.
7.12. Qing Shang Chemical
7.13. Qingdao Hisea Chem Co, Ltd.
7.14. SDIC Xinjiang Luobupo Potash Co. Ltd.
7.15. SESODA CORP.
7.16. SOPerior Fertilizer Corp.
7.17. SQM S.A.
7.18. Tessenderlo Group
7.19. United Co. RUSAL Plc
7.20. Yara International ASA
1. GLOBAL POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
2. GLOBAL SOLID POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL LIQUID POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY MANUFACTURING PROCESS, 2020-2027 ($ MILLION)
5. GLOBAL MANNHEIM PROCESS POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL SALT BRINE POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL POTASH/SULPHATE REACTION POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
9. GLOBAL AGRICULTURE POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL PHARMACEUTICALS POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL COSMETICS POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL FOOD & BEVERAGES POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL OTHER POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
16. NORTH AMERICAN POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
17. NORTH AMERICAN POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY MANUFACTURING PROCESS, 2020-2027 ($ MILLION)
18. NORTH AMERICAN POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
19. EUROPEAN POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
20. EUROPEAN POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
21. EUROPEAN POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY MANUFACTURING PROCESS, 2020-2027 ($ MILLION)
22. EUROPEAN POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY MANUFACTURING PROCESS, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
27. REST OF THE WORLD POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
28. REST OF THE WORLD POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
29. REST OF THE WORLD POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY MANUFACTURING PROCESS, 2020-2027 ($ MILLION)
30. REST OF THE WORLD POTASSIUM SULPHATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL POTASSIUM SULPHATE MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL POTASSIUM SULPHATE MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL POTASSIUM SULPHATE MARKET, 2021-2027 (%)
4. GLOBAL POTASSIUM SULPHATE MARKET SHARE BY FORM, 2020 VS 2027 (%)
5. GLOBAL SOLID POTASSIUM SULPHATE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL LIQUID POTASSIUM SULPHATE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL POTASSIUM SULPHATE MARKET SHARE BY MANUFACTURING PROCESS, 2020 VS 2027 (%)
8. GLOBAL MANNHEIM PROCESS POTASSIUM SULPHATE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL SALT BRINE POTASSIUM SULPHATE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL POTASH/SULPHATE REACTION POTASSIUM SULPHATE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL POTASSIUM SULPHATE MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
12. GLOBAL AGRICULTURE POTASSIUM SULPHATE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL PHARMACEUTICALS POTASSIUM SULPHATE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL COSMETICS POTASSIUM SULPHATE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL FOOD & BEVERAGES POTASSIUM SULPHATE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL OTHER POTASSIUM SULPHATE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL POTASSIUM SULPHATE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. US POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
19. CANADA POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
20. UK POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
21. FRANCE POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
22. GERMANY POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
23. ITALY POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
24. SPAIN POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
25. REST OF EUROPE POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
26. INDIA POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
27. CHINA POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
28. JAPAN POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
29. SOUTH KOREA POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
30. REST OF ASIA-PACIFIC POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
31. REST OF THE WORLD POTASSIUM SULPHATE MARKET SIZE, 2020-2027 ($ MILLION)
