Global Potassium Sulphate Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global potassium sulphate market in its upcoming report titled, “Global Potassium Sulphate Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global potassium sulphate market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global potassium sulphate market report has been segmented on the basis of form, application, and region.

“The Potassium Sulphate Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Potassium sulfate (K2SO4) is a non-flammable white crystalline salt which is soluble in water. This chemical compound is commonly used in fertilizers to offer potassium and sulfur. Potassium sulfate is also used is laboratory to study spiral structures.

Potassium sulphate is used as raw material for manufacturing antibiotics due to its increasing demand from pharmaceutical industry, which is a major factor driving growth of the potassium sulphate market. In addition, growing demand for potassium sulphate from agriculture and glass industries is another factor expected to support growth of the global potassium sulphate market. Moreover, wide applicability of potassium sulphate in healthcare industry such as in potassium therapy, hemodialysis, injection solutions, for enteral and parenteral nutrition through potassium tablets, dietary salts, sports nutrition and mineral beverages, and also for purification of insulin is another factor expected to boost growth of the global potassium sulphate market.

However, stringent government regulations related to use of potassium sulphate in food and cosmetic industry is a major factor expected to restrain growth of the global potassium sulphate market to certain extent.

Increasing R&D activities by major players and growing merger and acquisition among regional and international players are expected to create new opportunities in terms of revenue for players operating in the global potassium sulphate market over the forecast period.

The market in Asia Pacific is expected to dominate the global potassium sulphate market in terms of revenue and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand from glass and cosmetic industries and presence of major potassium sulphate manufacturers in the countries in this region. In addition, increasing government spending for development of agriculture sector in countries such as India and China is expected to boost growth of the Asia Pacific market. The markets in North America and Europe are expected to contribute a significant revenue shares in the global potassium sulphate market. Europe is expected to witness faster growth, owing to increasing demand from food and beverage sector. The markets in Latin America and Middle East & Africa are expected to witness moderate growth rate over the forecast period.

Global Potassium Sulphate Market Segmentation:

By Form:

• Granular
• Powder
• Liquid

By Application:

• Agriculture
• Industrial
• Pharmaceutical
• Cosmetics
• Food

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa