Global Potassium Sulphate Market: Overview
Potassium Sulphate is commonly known as sulphate of potash (SOP). It contains hundred percent natural nutrients, providing high nutrition to crops. Sodium Sulphate is produced from orcha, manheim and lake brines processes among which manheim process is widely opted across the globe and is used for commercial production. Potassium Sulphate (K2SO4) is a non-flammable white crystalline salt that is highly soluble in water. Potassium Sulphate is used in the agricultural field as a fertilizer for covering deficiencies of potassium and Sulfur. In addition, the crude salt of potassium Sulfate is used in the manufacturing of glass. It is used in food industry and is implemented by the Food and Drug Administration (FDA) too.
Global Potassium Sulphate Market: Growth Factors
Global potassium market is booming in agricultural applications as it is used as fertilizer, resulting in improved quality of agricultural products, the better nutritional value of vegetables and fruits as it provides nitrogen source of potassium. Moreover, the market is growing and is incorporated in different sectors such as food & beverages and pharmaceuticals for industrial and other purposes. Potassium sulphate is also known as an electrolyte that helps in maintaining a healthy balance of fluids inside the body. Low potassium is associated with the risk of cancer, heart diseases, and high blood pressure this property of Potassium Sulphate is driving its usage in the pharmaceutical sector. Furthermore, there are several products in the market with high potassium such as avocado, spinach, sweet potato, coconut water, pomegranate, among others. Moreover, high demand for these products in the market is driving the growth of this market. However, the safety of the products is a major concern as potassium sulphate is used as the main ingredient in manufacturing cosmetic and food products along with pharmaceuticals can lead to having allergic reactions.
Furthermore, the market is fragmented in nature due to the participation and investments of many established and emerging players in the industry.
Global Potassium Sulphate Market: Segmentation
The global potassium sulphate market is fragmented in terms of application, process, source, and end-users. Based on manufacturing process opted it is further segmented into Mannheim process, sulfate salts reaction, brine processing and other. Moreover, on the basis of its application, it is divided into agriculture, industrial, pharmaceutical, cosmetics, foods, and others. By end users the market is classified into paper, textile, chemicals, personal care, and others. The source is then sub-segmented into natural and commercial products.
Global Potassium Sulphate Market: Regional Analysis
Asia-Pacific is the region where the market of potassium sulphate is higher. Countries in the Middle East and Africa are having saline soil and oftenly exposed to draught factors is tending bad condition of the soil. But the government has now taken the responsibilities to make the soil better. Moreover, North Africa and Central Africa have many opportunities in the market to sustain for a longer time. Other countries in the Asia-pacific, India, and China are few of the destinations for exporting potassium sulphate.
Global Potassium Sulphate Market: Competitive Players
Some of the important key players in the market are K+S KALI GmbH, SESODA Corporation, Tessenderlo Group, SQM, United Co. RUSAL Plc, SDIC Xinjiang Luobupo Potash Company Limited, Yara International ASA, Migao Corporation, Kemira Kemi AB, The Mosaic Company and China Ching Shiang Chemical Co. Ltd., among others
Global Potassium Sulphate Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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