Potassium Sulphate Market

Global Potassium Sulphate Market Analysis and Opportunity Assessment by Product Form, Application, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 2,683.6Mn between 2022 and 2032

Category: Chemicals & Materials Published Date : November 2022 ID: CVC-00555 Format: PDF Pages: 300

Potassium Sulphate Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Potassium Sulphate Market grew at a CAGR of 4.3% between 2017-2021 and is estimated to be US$ 3,877.9Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.4% and is expected to reach a valuation of US$ 6,561.5Mn by 2032 end.

The market is primarily influenced by the expansion of the agricultural sector, which is anticipated to drive the demand for potassium sulfate worldwide.

The demand for chemicals in the fertilizer market sector is projected to be driven by population growth, changes in eating patterns, and the accompanying increase in agricultural production, which is likely to contribute considerably to the market’s expansion.

About 27% of the entire production comprises fruits, vegetables, and melons, all of which need non-chloride fertilizer to grow healthily. The global need for potassium sulfate fertilizers is anticipated to rise along with the output of citrus fruits and melons.

Key companies are concentrating on productivity and strategic expansion by developing their high-quality end-use goods, numerous manufacturing technologies, and integrated processes to meet the market’s rapidly expanding demand for potassium sulfate.

Market Dynamic


Despite shrinking arable land, agricultural production has experienced a CAGR of 1.6% during the last five years. Agricultural production’s constant growth mainly includes new farming techniques, improved irrigation systems, and efficient fertilizer use.

About 27% of the entire production comprises fruits, vegetables, and melons, all of which need chloride-free fertilizers to thrive. Global demand for potassium sulfate fertilizer is anticipated to increase along with the production of citrus fruits and melons.

In conclusion, the number of potassium sulfate end-user domains is growing and creating new market opportunities. This is anticipated to boost the demand for potassium sulfate and compel producers to increase their output and supply of the chemical.


Due to the high volatility of potassium prices, potassium sulfate prices swing rapidly. For instance, from the beginning of August 2021 to the middle of August 2021, the cost of potassium sulfate decreased by 0.33%. Additionally, according to a study by the University of Calabar published in a research publication, neem fertilizers in organic farming significantly boost crop yield. Thus, in terms of consumption, these issues have emerged as potassium sulfate’s main obstacles, restraining the market’s expansion over the projection year.


Fertilizers containing potassium sulfate are more expensive than other common product options.

Potassium sulfate is made using potassium chloride or other potassium salts or obtained from potash mines. Only 6-8% of potash mines contain potassium sulfate, while 90% contain potassium chloride.

It costs more to produce potassium sulfate from potassium chloride since process inputs and other raw materials are needed. The price of potassium sulfate is higher than its close replacements due to its distinctive properties and suitability for specialty crops.

Potassium Sulphate Market

Market Segments Covered in Report

By Product Form:

  • Granular
  • Powder
  • Liquid

By Application:

  • Tree Nuts
  • Fruits
  • Vegetables
  • Tobacco
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

What is the growth outlook of granular potassium sulfate in the global market?

Over the projected period, sales of granular potassium sulfate are predicted to increase at a substantial rate of 5.0% CAGR, which is further expected to generate an additional potential worth US$ 1,364.4 Mn.

These tiny potassium sulfate granules can be blended in large quantities for manual distribution. Granular form types are in high demand due to their cost-effectiveness and several other qualities, including their ideal potassium and sulfur contents. These variables are expected to result in an increase in granular potassium sulfate sales throughout the forecast period.

Why are sales of potassium sulfate in fruits gaining traction?

The fruits segment is anticipated to remain a prominent application for potassium sulfate and generate an absolute dollar potential of more than US$ 545.3 Mn over the projection period.

Since it enhances the size, color, texture, hardness, and draught tolerance of fruit crops, potassium sulfate is favored for fruit application. Throughout the assessment period, these variables will keep supporting sales of potassium sulfate.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • With a market share of 30.8%, the demand for potassium sulfate from pharmaceutical and industrial applications will drive significant growth in Europe.
  • Due to the rising need for fertilizers, North America is anticipated to hold a major share.

Competition Analysis

The production capabilities increase for potassium sulfate is a top priority for major companies in the industry. Additionally, to acquire a competitive edge, firms are concentrating on strategic mergers and acquisitions, collaborations, and raising farmers’ awareness through various groups established to promote smart farming techniques to serve more end consumers in the domestic market.

The recent developments in the Global Potassium Sulphate Market:

  • In November 2017, according to a Tessenderlo Group announcement, Karley International and its SOP plant nutrition business unit will merge to form a single business entity. The firm will be able to offer its customers the greatest possible solutions and level of service thanks to this progress.
  • In August 2017, United Co. RUSAL Plc. announced the commissioning of the two-stage gas treatment center at the Krasnoyarsk aluminum smelter to improve potassium sulfate production. The investment came to USD 1.14 million.

A list of some of the key suppliers present in the market are:

  • Compass Minerals International, Inc.
  • K+S AG
  • Sesoda Corp.
  • Tessenderlo Group
  • SQM (Sociedad Quimica y Minera de Chile SA)
  • United Co. RUSAL Plc.
  • SDIC Xinjiang Luobupo Potash Company Limited
  • Yara International ASA
  • Migao Corporation
  • Kemira Kemi AB (Part of Kemira Oyj)
  • The Mosaic Company
  • China Ching Shiang Chemical Co. Ltd.

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Product Form, Application, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request