Reports
Global Potassium Sulphate (SOP) Market Size, Forecast: By Form: Solid, Liquid; By Application: Fertiliser, Industrial, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Trade Data Analysis; Competitive Landscape; 2024-2032
Global Potassium Sulphate (SOP) Market Outlook
The global potassium sulphate (SOP) market is expected to grow at a CAGR of 5% in the forecast period of 2024-2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The Asia Pacific to Lead the Global Potassium Sulphate Industry
The Asia Pacific region dominates the global market for potassium sulphate and is expected to expand at a substantial pace over the forecast period. The rise in population and the growing food demand, especially in China, India, and Indonesia, are the major growth drivers. Due to saline soil quality and recurrent droughts, development in the Middle East and Africa is predicted to be the slowest. The government has already taken steps to change the situation, and opportunities could be available in the near future. The use of potassium sulphate in fertilisers drives the global potassium sulphate industry. This is due to the particular advantages offered by the product, which include a high potassium content, low chloride, and a low salt index. Furthermore, it is also used in the pharmaceutical industry, which due to increasing lifestyle diseases is expected to drive the market in the forecast period.
Potassium Sulphate: Market Segmentation
Potassium sulphate, also termed as potash of sulphate, is a white water-soluble solid commonly used in fertilisers. It is particularly nutritious for the crops because it contains a high number of natural nutrients and contains no chloride. It is mostly used for crops like tobacco, fruits, and vegetables.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The market is bifurcated in terms of form into:
- Solid
- Liquid
The market is segmented in terms of application into:
- Fertiliser
- Industrial
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Rising Global Demand for Food and Agriculture to Aid the Market Growth of Potassium Sulphate
The growing population and the rising demand for food, which has resulted in increased demand for fertilisers from the agriculture sector, are driving the potassium sulphate industry growth. Fertilisers containing potassium sulphate are mainly used in the production of vegetables and fruits. In the short term, the fruit segment could be the most important driver of demand in the global potassium sulphate industry. Fertilisers are also used in the production of cash crops. Potassium sulphate demand growth may be supported in the short term by government funding for more research and development of fertilisers, as well as growing knowledge among farmers about their use. Potassium is also known as an electrolyte, which makes the body's fluids stay in equilibrium. Low potassium levels have also been linked to cancer and certain cardiovascular diseases. Because of these factors, its use in the pharmaceutical industry is in high demand. The growing applications and demand from other industries, such as cosmetics, are expected to open up new growth opportunities for the market over the forecast period.
Key Industry Players in the Global Potassium Sulphate (SOP) Market
The report gives a detailed analysis of the following key players in the global potassium sulphate (SOP) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Qingdao Hisea Chem Co.Ltd.
- SQM SA
- Tessenderlo Group
- Compass Minerals International Inc.
- HELM AG
- The Mosaic Co.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Forms, Applications, Regions |
| Breakup by Froms | Solid, Liquid |
| Breakup by Applications | Fertiliser, Industrial, Others |
| Breakup by Regions | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Qingdao Hisea Chem Co.Ltd., SQM SA, Tessenderlo Group, Compass Minerals International Inc., HELM AG, The Mosaic Co., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Potassium Sulphate (SOP) Market Analysis
8.1 Key Industry Highlights
8.2 Global Potassium Sulphate (SOP) Historical Market (2018-2023)
8.3 Global Potassium Sulphate (SOP) Market Forecast (2024-2032)
8.4 Global Potassium Sulphate (SOP) Market by Form
8.4.1 Solid
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Liquid
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Potassium Sulphate (SOP) Market by Application
8.5.1 Fertiliser
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Potassium Sulphate (SOP) Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Potassium Sulphate (SOP) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Potassium Sulphate (SOP) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Potassium Sulphate (SOP) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Potassium Sulphate (SOP) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Potassium Sulphate (SOP) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code: 310430)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Qingdao Hisea Chem Co.Ltd.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 SQM SA
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Tessenderlo Group
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Compass Minerals International Inc.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 HELM AG
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 The Mosaic Co.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Potassium Sulphate Market: Key Industry Highlights, 2018 and 2032
2. Global Potassium Sulphate Historical Market: Breakup by Form (USD Million), 2018-2023
3. Global Potassium Sulphate Market Forecast: Breakup by Form (USD Million), 2024-2032
4. Global Potassium Sulphate Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Potassium Sulphate Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Potassium Sulphate Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Potassium Sulphate Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Potassium Sulphate Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Potassium Sulphate Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Potassium Sulphate Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Potassium Sulphate Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Potassium Sulphate Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Potassium Sulphate Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Potassium Sulphate Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Potassium Sulphate Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Potassium Sulphate Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Potassium Sulphate Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. North America Historical Price Trends and Forecast (2018-2028)
23. Europe Historical Price Trends and Forecast (2018-2028)
24. Asia Pacific Historical Price Trends and Forecast (2018-2028)
25. Latin America Historical Price Trends and Forecast (2018-2028)
26. Middle East and Africa Historical Price Trends and Forecast (2018-2028)
27. Global Potassium Sulphate Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5% between 2024 and 2032.
The major drivers of the market are the rising global population, increasing demand for food and agriculture, and the surging demand from the end user industries.
The key trends of the market include the increasing number of cases of lifestyle diseases such as cancer and cardiovascular diseases and the growing demand from the pharmaceutical sector.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant forms of potassium sulphate in the market are solid and liquid.
The leading applications of the market are fertiliser and industrial, among others.
The key players in the global potassium sulphate (SOP) market are Qingdao Hisea Chem Co.Ltd., SQM SA, Tessenderlo Group, Compass Minerals International Inc., HELM AG, and The Mosaic Co., among others.
Analyst Review
The global potassium sulphate market is driven by the rising global population, increasing demand for food and agriculture, rising demand from the end user industries, and extensive applications in the pharmaceutical industry. Aided by the increasing number of cases of lifestyle diseases such as cancer and cardiovascular diseases and growing demand from the pharmaceutical sector, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. In terms of form, the potassium sulphate market is bifurcated into solid and liquid. The leading application segments of the industry are fertiliser and industrial, among others. The major regional markets for potassium sulphate include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above market include Qingdao Hisea Chem Co.Ltd., SQM SA, Tessenderlo Group, Compass Minerals International Inc., HELM AG, and The Mosaic Co., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$2799
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER