The Global Potassium Sulfate Market was valued at USD 4 billion in 2018 and is expected to reach USD 6 billion in 2026. This report on the potassium sulfate market focuses on all essential factors such as the size, share, demand, growth, gross profits, earnings, and revenue to evaluate the rise of the industry in the future. It assesses the data gathered from the past years 2016 and 2017 to give an extensive view of the trends and predicts the possible rise of the industry during the years 2019 to 2026 while considering 2018 as the base year.
Potassium sulfate, also known as potash of sulfate, is a white water-soluble solid, which is widely used in fertilizers. It contains a high amount of natural nutrients and does not contain any chloride, making it highly nutritious for the crops. It is mainly preferred for crops such as tobacco, some fruits, and vegetables. Potassium sulfate is used across various sectors such as agriculture, industrial, pharmaceutical, Cosmetics, foods, and other industries. It is used as a weighing agent in the oil gas industry. The crude salt of potassium sulfate is also used in the manufacturing of glass.
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Report Overview:
The materials and chemicals industry revenue has rapidly expanded over the recent past. The global Potassium Sulphate market is expected to register robust revenue growth during the forecast period, 2021-2030. Revenue growth of the global market is significantly driven by factors such as high demand for raw materials and chemicals across various sectors including food and beverages, paper pulp, chemicals and medical, biotechnology and pharmaceutical and rapid urbanization and industrial developments worldwide. In addition, increasing per capita income, rising investments by public and private organizations and rising demand for eco-friendly and sustainable products due to rising awareness about carbon emissions are expected to boost global market growth during the forecast period.
Competitive Landscape:
The report offers details about financial standing, global positional, license agreement, business expansion plans and product portfolios of each player operating in the market. The global Potassium Sulphate market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, collaborations, joint ventures, partnerships, RD investments and new product launches to gain robust footing in the market and expand their product portfolio.
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Type Outlook:
- Mannheim Process
- Sulfate salts reaction
- Brine Processing
- Others
Application Outlook:
- Agriculture
- Industrial
- Pharmaceutical
- Cosmetics
- Foods
- Others
Regional Outlook:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Key Companies in the market include:
- K+S KALI GmbH
- Compass Minerals International Inc.
- SESODA
- Tessenderlo Group
- SQM S.A.
- RUSAL
- SDIC Xinjiang Luobupo Potash Co. Ltd.
- Yara International ASA
- Migao Corporation
- The Mosaic Company
- China Ching Shiang Chemical Co. Ltd.
Key questions covered in the global Potassium Sulphate market report:
- What is the expected market size of the global Potassium Sulphate market during the forecast period?
- What factors are expected to hamper global Potassium Sulphate market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Potassium Sulphate market?
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