Asia-Pacific region driving the growth of Global Potassium Sulphate market

Potassium Sulphate also known as Sulphate of Potash (SOP) is a popular chloride free fertilizer. Potassium Sulphate fertilizer is used in saline soil, chloride sensitive crops and water scarce regions. As of 2013, the supply of SOP in the world is dominated by countries such as Germany, Belgium, Canada, Russia, China, and Chile. Agricultural based countries are the major consumers of these fertilizers.

The factors that are spurring the demand for potassium sulphate fertilizers includes- qualities and benefits of SOP, growing population, declining arable land, and growing agricultural production. Some of the inhibitors identified are premium pricing, geographical concentration of minable potash reserves and dominance of nitrogen fertilizers globally.

Major producers of the potassium sulphate include K+S Kali GmbH, Tessenderlo Chemie, SQM, Migao, Potash Corp., Compass Minerals, and others. The report also provides their respective capacity shares for the same. The commonly known processes utilized for manufacturing of potassium sulphate are Mannheim, MOP & Kieserite, and Brine lakes of which Mannheim is the widely used commercial process.

Asia-Pacific leads the potassium sulphate fertilizer consumption followed by Americas, Europe, and Rest of the World. The global potassium sulphate fertilizer market revenue is forecast to reach $4.2 billion in 2019, growing at CAGR of 5.3%, during 2014-19. The report provides potassium sulphate consumption in kilo tons and revenue in $ million for the period 2011-19, with forecast from year 2014 onwards. It includes global fertilizer market overview with detailed analysis of potash fertilizer market. The report also provides trade data for major countries contributing to the growth of the market.