Global Sulfate of Potash Market Growth 2023-2029

Global Sulfate of Potash Market Growth 2023-2029

Sulfate of Potash (K2SO4, commonly referred to as sulfate of potash or SOP) is a water soluble, white and crystalline salt. Potassium sulphate is the world's most popular low-chloride fertilizer.



The main resources for potassium sulphate are found in combination with other mineral sulfates, such as magnesium, sodium and calcium. Another way of producing potassium sulphate is a combination of potassium chloride and kieserite. Most common forms of manufacture are from potassium chloride through a synthetic reaction with sulfuric acid or sulfur dioxide.



Sulfate of Potash contains between 50-52% of K2O and approx. 18% of sulphur which is a needed element in plant growth and deficient in many soils. In the commercial market, combining potassium (50% K2O) and sulphur (18%) potassium sulfate is the majority commercial product due to the high concentration of nutrients readily available to plants. Otherwise than potassium chloride (SOP) does not contain any chlorides, which can be harmful to some crops like tobacco, fruits and vegetable.

LPI (LP Information)' newest research report, the “Sulfate of Potash Industry Forecast” looks at past sales and reviews total world Sulfate of Potash sales in 2022, providing a comprehensive analysis by region and market sector of projected Sulfate of Potash sales for 2023 through 2029. With Sulfate of Potash sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sulfate of Potash industry.

This Insight Report provides a comprehensive analysis of the global Sulfate of Potash landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Sulfate of Potash portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Sulfate of Potash market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sulfate of Potash and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sulfate of Potash.

The global Sulfate of Potash market size is projected to grow from US$ 3906.2 million in 2022 to US$ 4607.1 million in 2029; it is expected to grow at a CAGR of 4607.1 from 2023 to 2029.

The major players in global Sulfate of Potash market include K+S Group, Guotou Xinjiang LuoBuPo Potassium Salt, Tessenderlo Group, etc. The top 3 players occupy about 45% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 80% of the global market. Powder SOP is the main type, with a share about 70%. Agricultural is the main application, which holds a share about 90%.

This report presents a comprehensive overview, market shares, and growth opportunities of Sulfate of Potash market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Powder SOP
Granular SOP

Segmentation by application
Agricultural
Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
K+S Group
Tessenderlo Group
Compass Minerals
SQM
YARA
Rusal
Sesoda
Archean Group
Guotou Xinjiang LuoBuPo Potassium Salt
Qing Shang Chemical
Migao Group
Qinghai CITIC Guoan Technology
Gansu Xinchuan Fertilizer
Evergrow

Key Questions Addressed in this Report

What is the 10-year outlook for the global Sulfate of Potash market?

What factors are driving Sulfate of Potash market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Sulfate of Potash market opportunities vary by end market size?

How does Sulfate of Potash break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.