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Potassium Sulphate (SOP) Market

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.

 

Global Potassium Sulphate (SOP) Market

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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.

 

Global Potassium Sulphate (SOP) Market by Segment

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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.

 

Global Potassium Sulphate (SOP) Market by Region

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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:

  • Form
  • Application
  • Region
Breakup by Froms
  • Solid
  • Liquid
Breakup by Application
  • Fertiliser
  • Industrial
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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

What is the growth rate of the global potassium sulphate market?

The market is projected to grow at a CAGR of 5% between 2024 and 2032.

What are the major market drivers?

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.

What are the key trends of the market?

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.

What are the major regional markets of potassium sulphate, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. 

What are the significant forms of potassium sulphate in the market?

The significant forms of potassium sulphate in the market are solid and liquid.

What are the leading applications of potassium sulphate?

The leading applications of the market are fertiliser and industrial, among others.

Who are the key market players, according to the report?

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.

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