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The global potassium sulphate market was worth $4,236.3 mn in 2022, and analysts predict it will grow to $ 6,357.3 mn by the end of the forecast period (2023-2030). The global market for potassium sulphate is anticipated to expand rapidly over the forecast period. This is because of rising demand from numerous consumer-goods sectors, including the cosmetics, pharmaceutical, food, and beverage industries, among others, for potassium sulphate. Potassium sulphate can be used in place of sodium bicarbonate in soda blasting, glass manufacturing and the oil and gas industry as a weighing agent.
Potassium sulphate is a white, water-soluble compound that goes by a number of other names, including potassium sulphate, Sulphate of potash (SOP), arcanite, and dipotassium sulphate. Sulfuric acid's acid salt, potassium sulphate, is an inorganic chemical. Animal feed and agricultural fertilisers both rely heavily on potassium and sulphate. Potassium sulphate market size is predicted to develop at a rapid rate as a result of rising demand for non-toxic fertilisers and animal feed. High yield farmland's fast expansion has boosted demand for specialist crops, driving the industry forward. In the next years, the industry will be driven in large part by the high quality of protein and nutrient consumption in animal feeds. In addition, the growing cosmetics and pharmaceuticals sectors should drive demand for potassium sulphate during the forecast time frame. Potassium sulfate's use has increased as people become more aware of the dangers posed by potassium chloride, and this trend should continue to benefit the industry in the years to come.
Sulphate of potash (SOP) or potassium sulphate is a high-quality potassium fertiliser with numerous agricultural applications. It has high concentrations of the plant growth nutrients potassium and sulphur. The evaporation of salt brines containing potassium and sulphate ions, as well as the interaction of potassium chloride with sulfuric acid, are both viable routes for the production of potassium sulphate. The end result is a crystalline salt that is rich in potassium but relatively devoid of chloride. As a result, it can be used for chloride-sensitive crops. The agricultural sector is the primary consumer of potassium sulphate due to its widespread use in fertilisers. Fruits, vegetables, tobacco, and tree nuts all benefit greatly from the addition of potassium sulphate as a fertiliser. Potassium sulphate improves a plant's health by promoting stronger roots, faster photosynthesis, and overall growth.
Potassium sulphate is commonly used as a filler or excipient in tablet formulations in the pharmaceutical industry. It's added to tablets as a diluent or bulking agent to make them more manageable. It can also be used to increase the viscosity of liquids. Only pharma grade potassium sulphate can be utilised, principally as an excipient in medications, thus it is important to know what kind you're getting. To guarantee its safety and efficacy in pharmaceutical formulations, pharma-grade potassium sulphate must meet specified purity and quality criteria.
The agricultural sector is anticipated to be the largest end-use market for potassium sulphate throughout the forecast period. The agricultural industry makes extensive use of potassium sulphate. Potassium and sulphur, in particular, are two vital minerals that it supplies to plants. Potassium is a macronutrient that plants need to maintain normal physiological functions like water balance, enzyme activity, and nutrient transfer. Sulphur is essential for plant development since it is used to make proteins, enzymes, and chlorophyll.
Report Coverage
Global Potassium Sulfate research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Potassium Sulfate report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Potassium Sulfate competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Potassium Sulfate market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Potassium Sulfate market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Potassium Sulfate market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Tessenderlo Group, K+S KALI GmbH, Compass Minerals International Inc., SQM SA, Sesoda Corporation, Migao Corporation, The Mosaic Company, Yara International ASA, SOPerior Fertilizer Corp., and Interpid Potash, Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Potassium Sulfate market based on the below-mentioned segments:
Global Potassium Sulfate Market, By Grade
Agriculture Grade
Food Grade
Pharma Grade
Others
Global Potassium Sulfate market, By Application
Fertilizer
Food Additive
Drug Ingredient
Dental Material
Chemical Intermediate
Others
Global Potassium Sulfate Market, By End User
Agriculture
Food & Beverage
Pharmaceutical
Industrial
Other
Global Potassium Sulfate market, Regional Analysis
Potassium sulphate is a white, water-soluble compound that goes by a number of other names, including potassium sulphate, Sulphate of potash (SOP), arcanite, and dipotassium sulphate. Sulfuric acid's acid salt, potassium sulphate, is an inorganic chemical. Animal feed and agricultural fertilisers both rely heavily on potassium and sulphate. Potassium sulphate market size is predicted to develop at a rapid rate as a result of rising demand for non-toxic fertilisers and animal feed. High yield farmland's fast expansion has boosted demand for specialist crops, driving the industry forward. In the next years, the industry will be driven in large part by the high quality of protein and nutrient consumption in animal feeds. In addition, the growing cosmetics and pharmaceuticals sectors should drive demand for potassium sulphate during the forecast time frame. Potassium sulfate's use has increased as people become more aware of the dangers posed by potassium chloride, and this trend should continue to benefit the industry in the years to come.
Sulphate of potash (SOP) or potassium sulphate is a high-quality potassium fertiliser with numerous agricultural applications. It has high concentrations of the plant growth nutrients potassium and sulphur. The evaporation of salt brines containing potassium and sulphate ions, as well as the interaction of potassium chloride with sulfuric acid, are both viable routes for the production of potassium sulphate. The end result is a crystalline salt that is rich in potassium but relatively devoid of chloride. As a result, it can be used for chloride-sensitive crops. The agricultural sector is the primary consumer of potassium sulphate due to its widespread use in fertilisers. Fruits, vegetables, tobacco, and tree nuts all benefit greatly from the addition of potassium sulphate as a fertiliser. Potassium sulphate improves a plant's health by promoting stronger roots, faster photosynthesis, and overall growth.
Potassium sulphate is commonly used as a filler or excipient in tablet formulations in the pharmaceutical industry. It's added to tablets as a diluent or bulking agent to make them more manageable. It can also be used to increase the viscosity of liquids. Only pharma grade potassium sulphate can be utilised, principally as an excipient in medications, thus it is important to know what kind you're getting. To guarantee its safety and efficacy in pharmaceutical formulations, pharma-grade potassium sulphate must meet specified purity and quality criteria.
The agricultural sector is anticipated to be the largest end-use market for potassium sulphate throughout the forecast period. The agricultural industry makes extensive use of potassium sulphate. Potassium and sulphur, in particular, are two vital minerals that it supplies to plants. Potassium is a macronutrient that plants need to maintain normal physiological functions like water balance, enzyme activity, and nutrient transfer. Sulphur is essential for plant development since it is used to make proteins, enzymes, and chlorophyll.
Report Coverage
Global Potassium Sulfate research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Potassium Sulfate report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Potassium Sulfate competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Potassium Sulfate market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Tessenderlo Group, K+S KALI GmbH, Compass Minerals International Inc., SQM SA, Sesoda Corporation, Migao Corporation, The Mosaic Company, Yara International ASA, SOPerior Fertilizer Corp., and Interpid Potash, Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Potassium Sulfate Market from 2021 to 2030.
- Market Forecast for Potassium Sulfate Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Potassium Sulfate competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Potassium Sulfate
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Potassium Sulfate market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Potassium Sulfate market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Tessenderlo Group, K+S KALI GmbH, Compass Minerals International Inc., SQM SA, Sesoda Corporation, Migao Corporation, The Mosaic Company, Yara International ASA, SOPerior Fertilizer Corp., and Interpid Potash, Inc.
Primary Target Market
- Market Players of Potassium Sulfate
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Potassium Sulfate market based on the below-mentioned segments:
Global Potassium Sulfate Market, By Grade
Agriculture Grade
Food Grade
Pharma Grade
Others
Global Potassium Sulfate market, By Application
Fertilizer
Food Additive
Drug Ingredient
Dental Material
Chemical Intermediate
Others
Global Potassium Sulfate Market, By End User
Agriculture
Food & Beverage
Pharmaceutical
Industrial
Other
Global Potassium Sulfate market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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