Global Potassium Sulfate Market Demand & Forecast Analysis, 2016-2032

Introduction to Potassium Sulfate Market 

Potassium sulfate is a white, water-soluble solid, also known as sulfate of potash or dipotassium sulfate. It came into the spotlight in the 14th century, and later, in the 17th century, pharmaceutical chemists first prepared and utilized it for medicinal purposes. Minerals such as arcanite, kainite, sconite, langbeinite, polyhalite, aphthitalite, and leonite are used in the production of Potassium sulfate. Kainite, sconite, and langbeinite are commonly used minerals, while the others are relatively rare.

The production of Potassium sulfate involves the treatment of potassium chloride with sulfuric acid to produce potassium bisulfate. Subsequently, this potassium bisulfate undergoes a reaction with potassium chloride, resulting in the production of the ultimate product, Potassium sulfate, along with the formation of hydrochloric acid.

Potassium Sulfate Market Segmentation

Agriculture applications is the leading consumer of Potassium sulfate where it is used as fertilizer. Plant nutrition is commonly categorized into three essential nutrients: Nitrogen, Phosphorus, and Potassium, often referred to as NPK. Potassium-based fertilizers play a crucial role in promoting protein synthesis, facilitating enzyme reactions, regulating water flow in leaves, aiding in carbohydrate formation, and enhancing resistance to diseases. Potassium provides plants with vigor and vitality. While potassium chloride is the most widely used potassium fertilizer, Potassium sulfate is the preferred choice when the chloride content in potassium chloride is unsuitable or could potentially hinder plant growth. Furthermore, Potassium sulfate is preferred when additional sulfur is required to enhance protein synthesis in plants. Potassium sulfate is manufactured in fine particle sizes, allowing it to be applied as a foliar spray or directly onto the leaves of plants as a fertilizer. 
Global Potassium Sulfate Demand Analysis, By Application - 2016-2032
Potassium Sulfate Market: Global Potassium Sulphate Demand Analysis, By Application - 2016-2032
More than 90% of potassium sulfate produce is used as fertilizer and the remaining is used in applications like drywall panels or gypsum board, animal feed, gun powder, cosmetics, food & Medicines and industrial applications. The addition of potassium sulfate in gypsum leads to a faster setting of gypsum and helps in getting harder gypsum panels. In the case of animal feed, potash mineral is used as lick blocks which helps prevent diseases. Lightning or flash at a gun muzzle after the firing of a shot acts as a disadvantage as it exposes the location of the person and creates hindrance in their sight. Hence potassium sulfate is added to gunpowder to reduce muzzle flash as it acts as a barrier between leftover propellant gases and oxygen in the air. In cosmetics, potassium sulfate is added to skin cream to add thickness or sticky properties to the product. The health benefit of potassium sulfate is better for plants than humans, hence direct consumption of potassium sulfate through food or medicine is very limited. However, the consumption of potassium sulfate is approved by FDA in limited quantities to avoid excess potash in the body. 

Potassium sulfate is also used in small quantities for several industrial applications, some of them are as follows: Titanium oxide is widely used as a white pigment in paints & coating. In order to produce titanium oxide, titanium minerals are treated with iron sulfate, sulphuric acid and potassium sulfate. Similarly, potassium sulfate is also used to produce a boron flushing solution which has a common application in crude extraction. In chemical synthesis potassium sulfate is feedstock to produce potassium peroxodisulphate via electrolytic processes. Potassium peroxodisulphate is used to initiate polymerisations due to its excellent properties as an oxidant. 

Potassium Sulfate Capacity

The global capacity for potassium sulfate is estimated to be around 6,000 kilo tons with most producers using the Mannheim potassium sulfate production process. Countries like China, Chile, Russia, Canada and Sweden are major potassium sulfate suppliers in the world. The potassium sulfate supply is concentrated mainly in Asia Pacific on the back of strong demand of fertilizers in the region. China accounts for lion’s share in global potassium sulfate market. 

Potassium Sulfate Trade

In 2021, China emerged as the primary global exporter of Potassium sulfate, with total exports reaching 222 kilotons. Other notable exporting countries included Sweden, Egypt, Russia, and Saudi Arabia. Within North America, the United States stood as a net importer of Potassium sulfate, with net imports amounting to 86 kilotons, followed by Mexico. Conversely, Canada acted as a net exporter, with net exports reaching 18 kilotons. In Western Europe, Sweden held the position of the largest exporter, with net exports amounting to 167 kilotons in 2021. On the other hand, countries such as France, the Netherlands, and Italy were the prominent importers in terms of volume, collectively importing 264 kilotons. Similarly, in Central and Eastern Europe, Russia emerged as the leading exporter, while countries such as Turkey, Greece, and Poland were the top importers. In the Asia Pacific region, China maintained a monopoly as the major supplier of Potassium sulfate, while countries including Pakistan, Japan, Australia, and India served as significant importers.
Potassium Sulfate Average Trade Prices - 2018-2021
Potassium Sulphate Average Trade Prices - 2018-2021

Potassium Sulfate Price

The global potassium sulfate prices are influenced by various factors, including raw material availability, supply and demand dynamics, market competition and production capacities. Fluctuations in these factors can impact the average global prices for potassium sulfate. The average global prices for potassium sulfate have been around $450- $500/ton in 2021. The prices have steadily increased since 2018. After short fall in average price of during 2020 the prices have sharply grown by 13%.

Potassium sulfate prices in the Americas are higher than the global average. For USA the average price for potassium sulfate in 2018 were $529/ton and in 2021 the average was $615/ton. The prices of potassium sulphate in the USA are the highest in the world. Whereas the prices of Russia are the lowest with average prices in 2021 being $351/ton. Countries like Brazil, Mexico and Canada follow a similar trend to the USA with sight lower values. The average prices of potassium sulphate in Asia were $397 /ton which went up to $429/ton in 2021. In 2021 the potassium sulphate average price in China were $423/ton.

Key Players in Potassium Sulfate Market 

Potassium sulfate market is fragmented between multiple players however few major Potassium Sulfate players are K+S Aktiengesellschaft, Sociedad Química y Minerade Chile (SQM), Sesoda Corporation, Rusal Plc, Compass Minerals, Evergrow Group, Cinis Fertilizer, Tessenderlo Group, Migao Corporation, Sdic Xinjiang Luobupo Potash Co. Ltd. and Archean Chemical Industries Pvt. Ltd.

Scope of Report 

The Potassium Sulfate report describes the global Potassium Sulfate market, with focus on the country, applications and other end-use scenarios. The study provides:

Market Data & Forecast (Short-term, Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Applications
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue 
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply-Demand Balance 
•  Potassium Sulfate Market data in terms of volume and value for each end-use at regional and country level
•  Potassium Sulfate Market analysis for Production, Capacity, Demand, at Regional and Country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook 
•  Industry & Policy Developments 
•  End-use Industry / Applications Market
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and Market Developments
•  Key Players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2021
          -  Base - 2022
          -  Forecast Period - 2023 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand-Supply Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      •  Agriculture
      •  Industrial
      •  Construction
      •  Others
5.  Plants & Projects Analysis
      •  Potassium Sulfate Production Capacity, by Company
      •  Potassium Sulfate Production Capacity, by Country and by region
      •  Capacity Overview, By Technology
6.  Introduction to Potassium Sulfate and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics 
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
8.  Global Potassium Sulfate Demand-Supply Analysis, By Applications (Volume, Value) (2016–2032)
      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2016 – 2032)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Imports
          -  Exports
          -  Net Trade
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Potassium Sulfate Market, By Applications
          -  Fertilizers
          -  Industrial 
          -  Drywall panels
          -  Animal Feed
          -  Others
9.  Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Imports
      •  Exports
      •  Net Exports
      •  Demand
      •  Demand Growth Rate (%)
      •  Potassium Sulfate Market, By Applications
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by applications, has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Argentina
         -  Rest of Central & South America
      •  Middle East & Africa
         -  GCC
         -  South Africa
         -  Iran
         -  Rest of Middle East & Africa
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2023 – 2032)
10.  Pricing Analysis
      •  Average Potassium Sulfate Prices, USD/Kg
      •  Average Potassium Sulfate prices, by Country 
      •  Average Potassium Sulfate prices, by Region
      •  Price Forecast
11.  Key Strategic Issues
12.  Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
13.  Strategic Recommendation & Suggestions
14.  Company Analysis and Market Share Analysis
      •  Potassium Sulfate Manufacturers Profiles/ Company Analysis
         -  Basic Details
         - Headquarters, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Recent Developments
         -  Companies Covered
             -  K+S Aktiengesellschaft
             -  Sociedad Química y Minerade Chile (SQM)
             -  Sesoda Corporation
             -  Rusal Plc
             -  Compass Minerals
             -  Evergrow Group
             -  Cinis Fertilizer
             -  Tessenderlo Group
             -  Migao Corporation
             -  Sdic Xinjiang Luobupo Potash Co. Ltd.
             -  Archean Chemical Industries Pvt. Ltd.
             -  Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
15.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2016-2032

Scope of Report 

The Potassium Sulfate report describes the global Potassium Sulfate market, with focus on the country, applications and other end-use scenarios. The study provides:

Market Data & Forecast (Short-term, Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Applications
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue 
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply-Demand Balance 
•  Potassium Sulfate Market data in terms of volume and value for each end-use at regional and country level
•  Potassium Sulfate Market analysis for Production, Capacity, Demand, at Regional and Country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook 
•  Industry & Policy Developments 
•  End-use Industry / Applications Market
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and Market Developments
•  Key Players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

What is the current global Potassium Sulfate capacity?
The global capacity for potassium sulfate is estimated to be around 6,000 kilo tons with most producers using the Mannheim potassium sulfate production process.
What is the price of Potassium Sulfate per ton?
The average global prices for potassium sulfate have been around $450- $500/ton in 2021
Who are the key manufacturers in global Potassium Sulfate market?
Potassium sulfate market is fragmented between multiple players however few major Potassium Sulfate players are K+S Aktiengesellschaft, Sociedad Química y Minerade Chile (SQM), Sesoda Corporation, Rusal Plc, Compass Minerals, Evergrow Group, Cinis Fertilizer, Tessenderlo Group, Migao Corporation, Sdic Xinjiang Luobupo Potash Co. Ltd. and Archean Chemical Industries Pvt. Ltd.