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Global Potassium Sulphate (SOP) Market: By Form: Solid, Liquid; By Application: Fertiliser, Industrial, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Trade Data Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
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 2022-2027.
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.
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Potassium Sulphate: Industry Definition and 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.
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.
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 industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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, EMR’s 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Potassium Sulphate (SOP) Market Analysis
8.1 Key Industry Highlights
8.2 Global Potassium Sulphate (SOP) Historical Market (2017-2021)
8.3 Global Potassium Sulphate (SOP) Market Forecast (2022-2027)
8.4 Global Potassium Sulphate (SOP) Market by Form
8.4.1 Solid
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Liquid
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Potassium Sulphate (SOP) Market by Application
8.5.1 Fertiliser
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Industrial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Others
8.6 Global Potassium Sulphate (SOP) Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code 310430)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Qingdao Hisea Chem Co.Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 SQM SA
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Tessenderlo Group
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Compass Minerals International Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 HELM AG
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 The Mosaic Co.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
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 Figures and Tables
1. Global Potassium Sulphate Market: Key Industry Highlights, 2016 and 2026
2. Global Potassium Sulphate Historical Market: Breakup by Form (USD Million), 2017-2021
3. Global Potassium Sulphate Market Forecast: Breakup by Form (USD Million), 2022-2027
4. Global Potassium Sulphate Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Potassium Sulphate Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Potassium Sulphate Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Potassium Sulphate Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Potassium Sulphate Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Potassium Sulphate Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Potassium Sulphate Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Potassium Sulphate Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Potassium Sulphate Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Potassium Sulphate Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Potassium Sulphate Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Potassium Sulphate Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Potassium Sulphate Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Potassium Sulphate Market Forecast: Breakup by Country (USD Million), 2022-2027
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 (2017-2027)
23. Europe Historical Price Trends and Forecast (2017-2027)
24. Asia Pacific Historical Price Trends and Forecast (2017-2027)
25. Latin America Historical Price Trends and Forecast (2017-2027)
26. Middle East and Africa Historical Price Trends and Forecast (2017-2027)
27. Global Potassium Sulphate Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5% between 2021 and 2026.
The major drivers of the industry are the rising global population, increasing demand for food and agriculture, rising demand from the end user industries, and extensive applications in the pharmaceutical industry.
The key industry trends driving the market include the increasing number of cases of lifestyle diseases such as cancer and cardiovascular diseases and growing demand from the pharmaceutical sector.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.
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 players in the industry 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 2022-2027, 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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