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Potassium Sulphate Market 2022 - Opportunities And Strategies – Global Forecast To 2030
The Business Research Company's Potassium Sulphate Market 2022 - Opportunities And Strategies – Global Forecast To 2030 Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning strategies!” — The Business Research Company
LONDON, GREATER LONDON, UK, November 25, 2022 /einpresswire.com / -- Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning strategies!
As per The Business Research Company's 'Potassium Sulphate Global Market Report 2022”, the potassium sulphate market is predicted to reach a value of $4.53 billion in 2022 at a compound annual growth rate (CAGR) of 6.26%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The potassium sulphate market is expected to grow to $5.48 billion in 2026 at a compound annual growth rate (CAGR) of 4.89%. An increase in demand for food crops is boosting the demand for the potassium sulphate market.
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Key Trends In The Potassium Sulphate Market
The increasing collaborations and partnerships between companies are a key trend in the potassium sulphate market. Companies in the market are focusing on establishing key partnerships and collaborating with industry partners to expand their product portfolio and increase market share. For instance, in September 2020, Van Iperen Internation, a Dutch-based speciality fertilizers producer, signed a long-term distribution agreement with Tessenderlo Kerley International, a US-based speciality chemical solutions company. Under the agreement, Van Iperen International will sell globally water-soluble grade potassium sulphate (SOP) produced at Kemira's plant in Sweden, ensuring the continuation of worldwide supply and distribution of Swedish premium SOP.
overview of the potassium sulphate market
The potassium sulphate market consists of sales of potassium sulphate products by entities (organizations, sole traders, and partnerships) that are used in fertilizers, providing both potassium and sulfur and as a reducing agent in the chemical industry. Potassium sulphate is a white water-soluble solid inorganic chemical compound, which is readily produced by reacting potassium bisulfate with sulfuric acid.
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Potassium Sulphate Global Market Report 2022 from TBRC covers the following information:
Market Size Data
•Forecast period: Historical and Future
•By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
•By Form: Solid, Liquid
•By Grade: Food, Agricultural, Technical, Pharmaceutical
•By Process: Mannheim Process, Sulphate Salts Reaction, Brine Processing, Other Processes
•By End-Use Industry: Agriculture, Industrial, Pharmaceuticals, Cosmetics, Food and Beverages
•By Geography: The global potassium sulphate market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest share in the market.
Major market players such as Tessenderlo Group, K+S KALI GmbH, Compass Minerals International Inc, SQM SA, Sesoda Corporation, Migao Corporation, The Mosaic Company
Trends, opportunities, strategies and so much more.
Potassium Sulphate Global Market Report 2022 is one of The Business Research Company's comprehensive reports that provides potassium sulphate global market forecast and in-depth potassium sulphate global market research. The market report analyzes potassium sulphate global market size, potassium sulphate global market growth drivers, potassium sulphate global market trends, potassium sulphate global market segments, potassium sulphate global market major players, potassium sulphate market growth across geographies, and potassium sulphate market competitors' revenues and market positioning. The potassium sulphate market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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