Global Sulfate of Potash Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 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.
According to our (Global Info Research) latest study, the global Sulfate of Potash market size was valued at USD 4108.6 million in 2022 and is forecast to a readjusted size of USD 4785 million by 2029 with a CAGR of 2.2% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 is a detailed and comprehensive analysis for global Sulfate of Potash market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Sulfate of Potash market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2018-2029
Global Sulfate of Potash market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2018-2029
Global Sulfate of Potash market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2018-2029
Global Sulfate of Potash market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (US$/MT), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Sulfate of Potash
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Sulfate of Potash market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include K+S Group, Tessenderlo Group, Compass Minerals, SQM and YARA, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Sulfate of Potash market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    Powder SOP
    Granular SOP
Market segment by Application
    Agricultural
    Industrial
    Others
Major players covered
    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
Market segment by region, regional analysis covers
    North America (United States, Canada and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Sulfate of Potash product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Sulfate of Potash, with price, sales, revenue and global market share of Sulfate of Potash from 2018 to 2023.
Chapter 3, the Sulfate of Potash competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Sulfate of Potash breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Sulfate of Potash market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Sulfate of Potash.
Chapter 14 and 15, to describe Sulfate of Potash sales channel, distributors, customers, research findings and conclusion.