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Potassium Sulfate Market - Global Industry Analysis

Potassium Sulfate Market - By Process (Mannheim Process, Sulfate Salts Reaction, Brine Processing, and Others); By End-User Industries (Agriculture, Industrial, Pharmaceutical, Cosmetics, Food, and Others) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 23-Sep-2020 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-2916 Status : Published

Global Potassium Sulfate market was estimated at 4,216.37 (USD Million) in 2019 and set to record a CAGR of nearly 5.7% over 2020-2026.

Description

The global Potassium Sulfate market was estimated at 4,216.37 (USD Million) in 2019 and set to record a CAGR of nearly 5.7% over 2020-2026. The report offers valuation and analysis of Potassium Sulfate market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Million).

Introduction

Potassium sulfate is one of the essential fertilizers that are utilized in farming sector. Moreover, it is a key nutrient for plants and is classified as one of the three primary constituents that play a major role in the plant nutrition process. Furthermore, rise in the use of potash fertilizers in the farming due to its ability to protect plants from microbes & pests as well as infection will drive the market trends. In addition to this, the compound assists the plant in adapting to tough weather conditions and helps them in absorbing more minerals from land along with strengthening of tree stalks. Furthermore, the product is available in granular, powdered, and liquid forms.

Market Growth Drivers

Large-scale usage of potassium sulfate in cosmetics, food & beverages, textiles, and pharmaceutical sectors will create lucrative growth avenues for potassium sulfate industry over the ensuing years. Escalating need for arable land due to rise in the global population will embellish the expansion of the market over the forecast timespan. In addition to this, growing trend among the farmers to get best crop yield along with awareness programs carried out by the government for the farmers to make them aware about new value-adding fertilizers will boost the market growth. With potassium sulfate offering beneficial features like solubility and adequate sulphur & potassium contents, the market is likely to gain traction over the forthcoming years.

Furthermore, potassium sulfate finds extensive usage in drip irrigation and Fertigation, thereby enabling preservation of water resources. The compound also assists in minimizing the toxic impact of chloride on the soil and hence it has gained popularity across the globe. Burgeoning demand for cash crops will propel the product penetration in farming sector. Nonetheless, large-scale use of natural fertilizers like neem in organic farming will hinder the business expansion over the forthcoming years.

Asia Pacific Market To Register Rapid Growth Over 2020-2026

The surge in the expansion of potassium sulfate industry over the estimated timespan is due to rise in the demand for food grains in the developing countries like India and China. In addition to this, government in these countries are providing subsidies for sustainable agricultural activities, thereby driving the regional market trends.

Key players influencing the market growth are China Ching Shiang Chemical Co. Ltd., The Mosaic Company, SESODA Corporation, and SDIC Xinjiang Luobupo Potash Company Limited.

The global potassium sulfate market is segmented as follows:

By Process

  • Mannheim Process
  • Sulfate Salts Reaction
  • Brine Processing
  • Others

By End-User Industries

  • Agriculture
  • Industrial
  • Pharmaceutical
  • Cosmetics
  • Food
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Potassium Sulfate Market, 2016–2026 (USD Million)
    • 2.2. Potassium Sulfate Market: Snapshot
  • Chapter 3. Global Potassium Sulfate Market– Industry Analysis
    • 3.1. Potassium Sulfate Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Growing trend among the farmers to get best crop yield along with awareness programs carried out by the government for the farmers to make them aware about new value-adding fertilizers will boost the market growth.
      • 3.2.2. The compound also assists in minimizing the toxic impact of chloride on the soil and hence it has gained popularity across the globe.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Process
      • 3.4.2. Market attractiveness analysis By End-User Industries
  • Chapter 4. Global Potassium Sulfate Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Potassium Sulfate Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Potassium Sulfate Market– Process Analysis
    • 5.1. Global Potassium Sulfate Market overview: By Process
      • 5.1.1. Global Potassium Sulfate Market share, By Process , 2019 and 2026
    • 5.2. Mannheim Process
      • 5.2.1. Global Potassium Sulfate Market By Mannheim Process, 2016–2026 (USD Million)
    • 5.3. Sulfate Salts Reaction
      • 5.3.1. Global Potassium Sulfate Market By Sulfate Salts Reaction, 2016–2026 (USD Million)
    • 5.4. Brine Processing
      • 5.4.1. Global Potassium Sulfate Market By Brine Processing, 2016–2026 (USD Million)
    • 5.5. Others
      • 5.5.1. Global Potassium Sulfate Market By Others, 2016–2026 (USD Million)
  • Chapter 6. Global Potassium Sulfate Market– End-User Industries Analysis
    • 6.1. Global Potassium Sulfate Market overview: By End-User Industries
      • 6.1.1. Global Potassium Sulfate Market share, By End-User Industries , 2019 and 2026
    • 6.2. Agriculture
      • 6.2.1. Global Potassium Sulfate Market By Agriculture, 2016–2026 (USD Million)
    • 6.3. Industrial
      • 6.3.1. Global Potassium Sulfate Market By Industrial, 2016–2026 (USD Million)
    • 6.4. Pharmaceutical
      • 6.4.1. Global Potassium Sulfate Market By Pharmaceutical, 2016–2026 (USD Million)
    • 6.5. Cosmetics
      • 6.5.1. Global Potassium Sulfate Market By Cosmetics, 2016–2026 (USD Million)
    • 6.6. Food
      • 6.6.1. Global Potassium Sulfate Market By Food, 2016–2026 (USD Million)
    • 6.7. Others
      • 6.7.1. Global Potassium Sulfate Market By Others, 2016–2026 (USD Million)
  • Chapter 7. Company Profiles
    • 7.1. China Ching Shiang Chemical Co. Ltd.
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. SESODA Corporation
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. The Mosaic Company
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. SDIC Xinjiang Luobupo Potash Company Limited
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments

Methodology


Frequently Asked Questions

Large-scale usage of potassium sulfate in cosmetics, food & beverages, textiles, and pharmaceutical sectors will create lucrative growth avenues for potassium sulfate industry over the ensuing years. Escalating need for arable land due to rise in the global population will embellish the expansion of the market over the forecast timespan. Apart from this, Potassium sulfate finds extensive usage in drip irrigation and Fertigation, thereby enabling preservation of water resources. The compound also assists in minimizing the toxic impact of chloride on the soil and hence it has gained popularity across the globe.

According to Zion Market Research Report, The global Potassium Sulfate Market was estimated at 54,216.37 (USD Million) in 2019 and set to record a CAGR of nearly 5.7% over 2020-2026.

Asia Pacific is likely to make noteworthy contributions towards overall market revenue. The growth is attributed to due to rise in the demand for food grains in the developing countries like India and China. In addition to this, government in these countries are providing subsidies for sustainable agricultural activities, thereby driving the regional market trends.

The key players profiled in the report include China Ching Shiang Chemical Co. Ltd., The Mosaic Company, SESODA Corporation, and SDIC Xinjiang Luobupo Potash Company Limited. The major players are trying to introduce eco-friendly compounds in the market and are focusing on various branding & promotional activities to enhance their brand image and positioning in the market. Apart from this, these firms are exploring new business growth opportunities in countries with untapped market growth potential.

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