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Potassium Sulphate Global Market By Manufacturers, Technology, Application, Product Type, Regions, Growth Analysis And Forecast To 2031 | Tessenderlo Group, K+S KALI GmbH, SQM SA, Sesoda Corp, Migao Corporation
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The global potassium sulphate market report by the business research company identifies an increase in demand for food crops is boosting the demand for the potassium sulphate market. Potassium sulphates are used in various applications in the agricultural industry, including the application of potassium sulfate for optimal growth as the soil accumulates chloride from the irrigation water. Potassium sulphate is becoming more popular in the agricultural sector due to the low presence of chloride can be harmful to the crops. According to the Agriculture Ministry of India, the production of food grains in the country was estimated at a record 314.51 million tons, which was higher by 23.80 million tons than the average grain production during the preceding five years. Furthermore, according to the Food and Agriculture Organization (FAO), global crop production is expected to increase by almost 15% by 2029. Thus, increasing agricultural production will require more potassium sulphates, driving the market during the forecast period.
The global potassium sulphate market is expected to grow from $4.26 billion in 2021 to $4.53 billion in 2022 at a compound annual growth rate (CAGR) of 6.26%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting manyevery markets across the globe. The potassium sulphate market is expected to grow to $5.48 billion in 2026 at a compound annual growth rate (CAGR) of 4.89%.
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Asia Pacific was the largest region in the potassium sulphate market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in potassium sulphate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the potassium sulphate market are Tessenderlo Group, K+S KALI GmbH, Compass Minerals International Inc, SQM SA, Sesoda Corporation, Migao Corporation, The Mosaic Company, Yara International ASA, Interpid Potash Inc, Sesoda Corp, China Ching Shiang Chemical Co Ltd, Rusal, AG CHEMI GROUP sro, Noah Chemicals, and ProChem.
The global potassium sulphate' market is segmented -
1) By Form: Solid, Liquid
2) By Grade: Food, Agricultural, Technical, Pharmaceutical
3) By Process: Mannheim Process, Sulphate Salts Reaction, Brine Processing, Other Processes
4) By End-Use Industry: Agriculture, Industrial, Pharmaceuticals, Cosmetics, Food and Beverages
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The Potassium Sulphate Market Report Contents Include
1. Executive Summary
2. Potassium Sulphate Market Characteristics
3. Potassium Sulphate Market Trends And Strategies
4. Potassium Sulphate Market - Macro Economic Scenario
5. Potassium Sulphate Market Size And Growth
.....
26. Africa Potassium Sulphate Market
27. Potassium Sulphate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Potassium Sulphate Market
29. Potassium Sulphate Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the potassium sulphate market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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