Potassium Sulphate Market Size Share and Industry Outlook to 2028

SKU: DMAG4296 | Last Updated On: Dec 01 2021 | No. of Pages: 180 | Available Formats

> Global Potassium Sulphate Market Expected to reach a high CAGR of 6% By 2028: DataM Intelligence

Global Potassium Sulphate Market is Segmented By Form(Powder, Liquid and Granular), By Application(Agriculture, Personal Care and Cosmetics, Pharmaceuticals, Foods and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

Market Overview:

Potassium sulphate, also known as sulphate of potash or SOP is one of the major fertilizers used in farming practices globally. SOP offers both potassium and Sulphur to the plants that are required for overall plant growth and productivity. It is free from chlorides and has significantly lower salt index compared to other forms of potassium such as Muriate of Potash (MOP). SOP is used is wide range of crops including tobacco, horticulture, fruits, and vegetables. Potassium sulphate is also a non-flammable white crystalline salt that is highly soluble in water. In addition to that, the crude salt of potassium sulfate is used in the manufacturing of glass. It is utilized in the food industry and is approved as a food additive by the Food and Drug Administration (FDA). The increasing demand for potash fertilizers in the agriculture sector is expected to drive growth of the global market over the forecast period. Moreover, potassium sulphate offers advantages such as prevention of infection of plants from pests and other microbes. Potassium sulphate also helps the plant to adapt to unfavorable weather conditions and aids plants in absorbing more minerals from the soil, and also strengthens the tree stalks.

The global potassium sulphate market was valued USD XX million in 2020 and is estimated to reach USD XX million by 2028, growing at a CAGR of XX%.

Source: DataM Intelligence Analysis (2021)

Market Dynamics:

Superior quality makes potassium sulphate a preferred choice

Sulphate of potash is being preferred as a fertilizer because of its exceptional performance and properties. SOP offers many advantages, such as, increased crop yield, ease of usage in plants, as well as adequate sulphur and potassium content, among others. That apart, SOP usage reduces the toxic effects of chloride build up in soil, especially in dry conditions. Due to its soluble nature, SOP finds applications in fertigation and drip irrigation, which help in conserving fresh water resources. As a consequence, SOP fertilizers are rapidly replacing conventional fertilizers and expected to witness increasing adoption across the globe in the years ahead. The world's total potassium sulphate production was estimated at 469,232 tons in 2019. The top 5 countries (others are Russian Federation, Indonesia, Pakistan, and Republic of Korea) account for 97.83% of it. Moreover, increasing inclination of farmers towards better crop production is expected to drive the market growth. Incessant promotional activities by governments have raised significant awareness among farmers regarding the use of novel value-added fertilizers. These newly formulated fertilizers offer high efficiency. Farmers are now adopting potassium sulphate or sulphate of potash (SOP)-based fertilizers in order to increase their crop yields in their limited lands. Governments are increasingly recognizing the potential of SOP as a fertilizer in sustainable agricultural development. They are supporting its growth through targeted subsidies and by increasing investments in research and development programs. Moreover, governments are providing capital investment to manufacturers for setting up technologically-advanced production plants. However, regulations on the raw materials and availability of substitute products may hamper the growth of the potassium sulphate market. Nevertheless, with the steady growth in the food processing industry and the chemical industry, there are opportunities for the market players to invest in this market.

Market Segmentation:

Agriculture is the dominating segment in global potassium sulphate market

Agriculture application accounted for the largest demand for potassium sulphate globally, owing to increasing demand for food grains and cereals. For instance, according to the Food and Agriculture Organization (FAO), the world production of cereals reached a record high of 2,715 million tons in 2019, which increased by 2.3% from 2018. Application of potassium sulfate for agriculture purposes is mainly being driven by the products usage in fertilizers. This is because the following unique perceived benefits of the product – significant potassium content, low chloride and slat index. Other potash fertilizers have high chloride content and low potassium content. Potassium sulphate fertilizers primarily find usage in growing vegetables and fruits. The fertilizers also find usage in growing cash crops. Potassium sulphate provides essential nutrients to the plant and aids in improving the yield of the food grains and vegetables. For instance, according to the research article published by International Journal of Agronomy and Agricultural Research (IJAAR), in 2015, SOP increased the yield of sugarcane, wheat, cotton, and rice by 13.55%, 4.8%, 27.5%, and 2.9% respectively.

On the other hand, potassium sulphate is widely used for industrial applications. Potassium sulfate is used in the production of high-quality inorganic compounds such as potassium persulfate, potassium alum, potassium waterglass and extremely pure potassium sulfate, as a catalyst for anhydrite screed, special plasters and gypsum board, as an additive to water-based, chloride-free drilling fluids, in the production of fire extinguishing powder for class B/C fires, in the production of drawing lubricants, and in the dying industry. It is also an ingredient in cosmetic and skin care formulas when used as a viscosity increasing agent or thickener

Geographical Penetration:

Asia Pacific is expected to dominate the global potassium sulphate market in the year 2020

The Asia Pacific region dominates the global market for potassium sulphate and is expected to expand at a highest CAGR over the forecast period. The rise in population and the growing food demand, especially in China and India are the major growth drivers. Moreover, increasing population and growing demand for food grains, is boosting growth of potassium sulphate use as a fertilizer in the region. For instance, according to an article published by Asian Development Bank (ADB), Asia Pacific is expected to account for around 1/3rd of the estimated 2,600 million increase in global population during the period of 2010 and 2050, thus requiring additional efforts to increase productivity of crops to cater to rising population in the region. Moreover, Asia Pacific is expected to be the fastest growing region over the forecast period, owing to increasing demand of food grains from the emerging economies such as China and India. For instance, according to the India Brand Equity Foundation (IBEF), food grain production in India was 283 million tons in 2018 and the government estimated the production to reach 291 million tons in 2019.  

On the other hand, North America held market revenue share of XX% in the year 2020. The United States of America is the top country by potassium sulphate production in the world. As of 2019, potassium sulphate production in the United States of America was 385,557 tons that accounts for 82.17% of the world's potassium sulphate production.

Source: DataM Intelligence Analysis (2021)

Competitive Landscape:

The global potassium sulphate market is moderately consolidated with few players. The most active companies across the globe are Tessenderlo Group, Ching Shiang Chemical Corporation, Compass Minerals, United Co. RUSAL Plc, YARA International SA, Rusal, Sesoda Corp., and K+S Kali GmbH among others. The leading companies are focusing on acquisitions and joint ventures with local players to increase their distribution network across the globe. Companies are making considerable investments to develop innovative and robust products to exploit the potassium sulphate market growth over the forecast period. China-based players like Migao Corporation, Sesoda Chemicals, and many others have sizeable share in the global production capacity.

COVID-19 Impact: The pandemic had a negative impact on the global market in short term

Since the COVID-19 outbreak, the fertilizer industry has been significantly affected in many parts of the world by the outset of the pandemic. COVID-19 outbreak has partly disrupted the manufacturing and supply chains of fertilizers, thus resulting in lower availability and sales in 2020. The halt of farming practices associated with uncertain foodservice industry and lack of labor in first half of 2020 also contributed for declined sales of potassium sulphate. However, the market witnessed a turnaround in later half owing to essential category status provided for agriculture and associated activities globally.

Why Purchase the Report?

  • Understand the current market scenario and viability of global potassium sulphate over the forecast period
  • Visualize the composition of the global potassium sulphate market in terms of manufacturing process, form and application to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Excel data sheet with valuable data points of the global potassium sulphate market – Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market share analysis covering business revenues ($) and revenue share (%) of key market players

The global potassium sulphate market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages

Target Audience:

  • Potassium Sulphate Manufacturers
  • Agrochemicals Suppliers and Distributors
  • Farming Communities
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals

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Table of Contents

  1. Global Potassium Sulphate Market -Scope and Methodology

    1. Research Methodology
    2. Scope of the Market
  2. Global Potassium Sulphate Market -Key Trends and Developments

  3. Global Potassium Sulphate Market – Executive Summary

    1. Market Snippet by Form
    2. Market Snippet by Application
    3. Market Snippet by Region
  4. Global Potassium Sulphate Market – Market Dynamics

    1. Market impacting factors
      1. Drivers
      2. Restraints
      3. Opportunities
    2. Impact analysis
  5. Global Potassium Sulphate Market – Industry Analysis

    1. Porter's five forces analysis
    2. Supply chain analysis
    3. Pricing analysis
    4. Patent Analysis
    5. Regulatory Analysis
  6. Global Potassium Sulphate Market – COVID-19 Analysis
    1. Analysis of Covid-19 on the market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid COVID-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
  7. Global Potassium Sulphate Market – By Form

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Form Segment
      2. Market attractiveness index, By Form Segment
    2. Powder*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028      
    3. Liquid
    4. Granular
  8. Global Potassium Sulphate Market – By Application

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Application Segment
      2. Market attractiveness index, By Application Segment
    2. Agriculture*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028      
    3. Personal Care and Cosmetics
    4. Pharmaceuticals
    5. Foods
    6. Others
  9. Global Potassium Sulphate Market – By Region

    1. Introduction
      1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key region-specific dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    4. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
  10. Global Potassium Sulphate Market – Competitive Landscape

    1. Competitive scenario
    2. Competitor strategy analysis
    3. Market positioning/share analysis
    4. Mergers and acquisitions analysis
  11. Global Potassium Sulphate Market –Company Profiles

    1. China Ching Shiang Chemical Co. Ltd*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. K+S KALI GmbH
    3.   Kemira Kemi AB
    4.   Migao Corporation
    5.   SDIC Xinjiang Luobupo Potash Company Limited
    6.   SESODA Corporation
    7.   SQM
    8.   Tessenderlo Group
    9.   The Mosaic Company
    10.   Yara International ASA (*List not Exhaustive*)
  12. Global Potassium Sulphate Market – DataM

    1. Appendix
    2. About us and services
    3. Contact us

List of Tables & Figures

List of Tables

Table 1         Global Potassium Sulphate Market Value, By Form, 2020, 2024 & 2028 ($ Million)

Table 2        Global Potassium Sulphate Market Value, By Application, 2020, 2024 & 2028 ($ Million)

Table 3        Global Potassium Sulphate Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 4        Global Potassium Sulphate Market Value, By Form, 2020, 2024 & 2028 ($ Million)

Table 5        Global Potassium Sulphate Market Value, By Form, 2019-2028 ($ Million)

Table 6        Global Potassium Sulphate Market Value, By Application, 2020, 2024 & 2028 ($ Million)

Table 7        Global Potassium Sulphate Market Value, By Application, 2019-2028 ($ Million)

Table 8        Global Potassium Sulphate Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 9        Global Potassium Sulphate Market Value, By Region, 2019-2028 ($ Million)

Table 10      North America Potassium Sulphate Market Value, By Form, 2019-2028 ($ Million)

Table 11       North America Potassium Sulphate Market Value, By Application, 2019-2028 ($ Million)

Table 12      North America Potassium Sulphate Market Value, By Country, 2019-2028 ($ Million)

Table 13      South America Potassium Sulphate Market Value, By Form, 2019-2028 ($ Million)

Table 14      South America Potassium Sulphate Market Value, By Application, 2019-2028 ($ Million)

Table 15 South America Potassium Sulphate Market Value, By Country, 2019-2028 ($ Million)

Table 16      Europe Potassium Sulphate Market Value, By Form, 2019-2028 ($ Million)

Table 17       Europe Potassium Sulphate Market Value, By Application, 2019-2028 ($ Million)

Table 18      Europe Potassium Sulphate Market Value, By Country, 2019-2028 ($ Million)

Table 19      Asia-Pacific Potassium Sulphate Market Value, By Form, 2019-2028 ($ Million)

Table 20      Asia-Pacific Potassium Sulphate Market Value, By Application, 2019-2028 ($ Million)

Table 21      Asia-Pacific Potassium Sulphate Market Value, By Country, 2019-2028 ($ Million)

Table 22      Middle East & Africa Potassium Sulphate Market Value, By Form, 2019-2028 ($ Million)

Table 23      Middle East & Africa Potassium Sulphate Market Value, By Application, 2019-2028 ($ Million)

Table 24      China Ching Shiang Chemical Co. Ltd: Overview

Table 25      China Ching Shiang Chemical Co. Ltd: Product Portfolio

Table 26.     China Ching Shiang Chemical Co. Ltd: Key Developments

Table 27      K+S KALI GmbH: Overview

Table 28      K+S KALI GmbH: Product Portfolio

Table 19      K+S KALI GmbH: Key Developments

Table 30      Kemira Kemi AB: Overview

Table 31      Kemira Kemi AB: Product Portfolio

Table 32      Kemira Kemi AB: Key Developments

Table 33      Migao Corporation: Overview

Table 34      Migao Corporation: Product Portfolio

Table 35      Migao Corporation: Key Developments

Table 36      SDIC Xinjiang Luobupo Potash Company Limited: Overview

Table 37      SDIC Xinjiang Luobupo Potash Company Limited: Product Portfolio

Table 38      SDIC Xinjiang Luobupo Potash Company Limited: Key Developments

Table 39      SESODA Corporation: Overview

Table 40      SESODA Corporation: Product Portfolio

Table 41      SESODA Corporation: Key Developments

Table 52      SQM: Overview

Table 53      SQM: Product Portfolio

Table 54      SQM: Key Developments

Table 55      Tessenderlo Group: Overview

Table 56      Tessenderlo Group: Product Portfolio

Table 57      Tessenderlo Group: Key Developments

Table 58      The Mosaic Company: Overview

Table 59      The Mosaic Company: Product Portfolio

Table 60      The Mosaic Company: Key Developments

Table 61      Yara International ASA: Overview

Table 62      Yara International ASA: Product Portfolio

Table 63      Yara International ASA: Key Developments

List of Figures

Figure 1      Global Potassium Sulphate Market Share, By Form, 2020 & 2028 (%)

Figure 2     Global Potassium Sulphate Market Share, By Application, 2020 & 2028 (%)

Figure 3     Global Potassium Sulphate Market Share, By Region, 2020 & 2028 (%)

Figure 4     Global Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 5     Global Potassium Sulphate Market Y-o-Y Growth, By Form, 2020-2028 (%)

Figure 6     Powder: Global Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 7      Liquid: Global Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 8     Granular: Global Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 9     Global Potassium Sulphate Market Y-o-Y Growth, By Application, 2020-2028 (%)

Figure 20   Agriculture: Global Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 11    Personal Care and Cosmetics: Global Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 12    Pharmaceuticals: Global Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 13    Foods: Global Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 14    Others: Global Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 15    Global Potassium Sulphate Market Y-o-Y Growth, By Region, 2020-2028 (%)

Figure 16    North America Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 17    North America Potassium Sulphate Market Share, By Form, 2020 & 2028 (%)

Figure 18   North America Potassium Sulphate Market Share, By Application, 2020 & 2028 (%)

Figure 19    North America Potassium Sulphate Market Share, By Country, 2020 & 2028 (%)

Figure 20   South America Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 21    South America Potassium Sulphate Market Share, By Form, 2020 & 2028 (%)

Figure 22   South America Potassium Sulphate Market Share, By Application, 2020 & 2028 (%)

Figure 23   South America Potassium Sulphate Market Share, By Country, 2020 & 2028 (%)

Figure 24   Europe Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 25   Europe Potassium Sulphate Market Share, By Form, 2020 & 2028 (%)

Figure 26   Europe Potassium Sulphate Market Share, By Application, 2020 & 2028 (%)

Figure 27   Europe Potassium Sulphate Market Share, By Country, 2020 & 2028 (%)

Figure 28   Asia-Pacific Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 29   Asia-Pacific Potassium Sulphate Market Share, By Form, 2020 & 2028 (%)

Figure 30   Asia-Pacific Potassium Sulphate Market Share, By Application, 2020 & 2028 (%)

Figure 31    Asia-Pacific Potassium Sulphate Market Share, By Country, 2020 & 2028 (%)

Figure 32   Middle East & Africa Potassium Sulphate Market Value, 2019-2028 ($ Million)

Figure 33   Middle East & Africa Potassium Sulphate Market Share, By Form, 2020 & 2028 (%)

Figure 34   Middle East & Africa Potassium Sulphate Market Share, By Application, 2020 & 2028 (%)

Figure 35   China Ching Shiang Chemical Co. Ltd: Financials

Figure 36   K+S KALI GmbH: Financials

Figure 37   Kemira Kemi AB: Financials

Figure 38   Migao Corporation: Financials

Figure 39   SDIC Xinjiang Luobupo Potash Company Limited: Financials

Figure 40   SESODA Corporation: Financials

Figure 41    SQM: Financials

Figure 42   Tessenderlo Group: Financials

Figure 44   The Mosaic Company: Financials

Figure 45   Yara International ASA: Financials

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