The potassium sulfate fertilizers market is expected to witness market growth at a rate of approximately 6.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on potassium sulfate fertilizers market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for fertilizers globally is escalating the growth of potassium sulfate fertilizers market.
Potassium sulfate refers to a water soluble and non-flammable salt which has a crystalline white appearance. The product is extensively utilized in the production of fertilizers for the prevention of crops against the attacks of pests and weeds. It is generally used chloride free fertilizer among all types of potash fertilizers. It is also used in the manufacturing of glass.
The global potassium sulphate market is mainly being driven by the products usage in fertilizers. This is because the following unique perceived benefits of the product – significant potassium content, low chloride and slat index. Other potash fertilizers have high chloride content and low potassium content. With the surging world population that needs to be fed and the reduction in the amount of arable land, demand in the global potassium sulphate market is set to grow.
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The major players covered in the potassium sulfate fertilizers market report are SESODA, K+S Kali GmbH, SQM S.A., Migao Corporation, Kemira, The Mosaic Company, Intrepid Potash, SOPerior Fertilizer Corp., Shijiazhuang Hehe Chemical Fertilizer Co., Ltd, EuroChem, JSC "Belaruskali, HELM AG, ICL Fertilizers, Borealis AG, Tessenderlo Group, Compass Minerals, UNITED CO. FOR FERTILIZERS & CHEMICALS, Yara, Shandong Lianmeng Phosphate & Compound Fertilizer Co.,Ltd., Nutrien Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Potassium Sulfate Fertilizers Market Report:
The potassium sulfate fertilizers market is segmented on the basis of product and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the potassium sulfate fertilizers market is segmented into granular, powder and liquid.
- On the basis of application, the potassium sulfate fertilizers market is segmented into tree nuts, fruits, vegetables, tobacco and others.
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Potassium Sulfate Fertilizers Market Regional Analysis/Insights
The Potassium Sulfate Fertilizers market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Potassium Sulfate Fertilizers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Potassium Sulfate Fertilizers within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Potassium Sulfate Fertilizers market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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