Potassium Sulphate Market 2018-2023: Rusal, Sesoda Corp, K+S KALI GmbH, Compass Minerals, Migao, Tessenderlo Group, Yara International and SDIC XINJIANG LUOBUPO POTASH CO LTD

Industry Outlook and Trend Analysis
The Potassium Sulphate Market was worth USD 3.17 billion in 2014 and is expected to reach approximately USD 4.83 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.80% during the forecast period. Potassium sulphate, regularly known as sulphate of potash (SOP), is a water dissolvable white crystalline salt that discovers wide application in the pharmaceuticals business. In the food industry, potassium sulphate is utilized as a source of macronutrients potassium and sulphate. Expanding usage of potassium sulphate in the food business as enhancing agent and as an adjuvant has brought about widespread development of the potassium sulphate market in the recent years. Potassium sulphate used in the food industry is fabricated as per the "Food Chemicals Codex" regulation executed by the Food and Drug Administration (FDA). Potassium sulphate is ordinarily used as a part of the agriculture sector as manure for sensitive products, for example, fruits & vegetables, flowers, tobacco, turf and ornamentals, among others.

Competitive Insights
The leading players in the market are Rusal, Sesoda Corp, K+S KALI GmbH, Compass Minerals, Migao, Tessenderlo Group, Yara International and SDIC XINJIANG LUOBUPO POTASH CO LTD. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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Drivers and Restraints
The major driver for the market is that Potassium sulphate is known as a safe and 100% natural nutrient. Developing usage of potassium sulphate as a feedstock for acquiring macronutrients, activator, ingredients and nutrient salt crosswise over different businesses is energizing development of the potassium sulphate market. Security of the products is a significant worry as potassium sulphate used as an ingredient in assembling the pharmaceutical, food and cosmetic products can have adverse hypersensitive reactions. Use of potassium sulphate as a compost brings about enhanced quality of agricultural produce, improved nutritious estimation of organic products and vegetables, and is a nitrogen-free source of potassium, as cultivators think that it’s hard to coordinate the nitrogen input required for the development of yields. The expanded demand for food has brought about thriving development of the rural business, which thus boosts interest for manures to give nature of agricultural products.

Market Segmentation
The Potassium Sulphate Market is segmented on the basis of Product Form and Application. On the basis of product form the market is segmented into Powder, Granular and Liquid. On the basis of application the market is segmented into Fruits, Tobacco, Treenuts, Vegetables and Others. The usage of fertilizers is directly associated with the agricultural production, which thus is related with the development in population. The more the populace more would be the prerequisite of food crops, in this way pushing the usage of fertilizers. Developing production of fruits and vegetables combined with different crops, for example, tobacco is anticipated to boost the usage of composts, which subsequently is balance to a great extent add to the development of the worldwide market for potassium sulphate in the coming years.

Regional Outlook and Trend Analysis
Nations in Middle East and Africa have saline soil and often are exposed to scanty rainfall and draught situations prompting dubious farming creation. Governments in nations in Middle East and Africa are taking activities for empowering encouraging and improve agricultural yield. Nations in North Africa and additionally Central Africa give colossal open doors regard to the utilization of potassium sulphate manures with a view to support rural generation along these lines decreasing constancy on imports on food products.

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The Potassium Sulphate Market is segmented as follows-
By Product Form:
Powder
Granular
Liquid

By Application:
Vegetables
Treenuts
Tobacco
Fruits
Others

Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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