Global Sulfate of Potash Market- Industry Trends and Forecast to 2025

  • Chemical and Materials
  • Published Report
  • Jan 2018
  • Global
  • 233 Pages
  • No of Tables: 70
  • No of Figures: 203

Global Sulfate of Potash Market By Grade Type (standard SOP, Granular SOP, Soluble SOP), By end user (Agricultural, Industrial), By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)- Industry Trends and Forecast to 2025

Global Sulfate Of Potash Market is expected to reach 10,535.84 thousand tonnes by 2025 from 7,000.00 thousand tonnes  in 2017, at a CAGR of 5.5% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Global Sulfate of Potash MarketThe major factors contributing to the growth of the market includes factors such as rising global population and income growth in key emerging markets,reduction in arable land and chase for higher yields.  On the other hand, increase in the trend of organic food consumption may hinder the growth of the market.

Market Segmentation: Global Sulfate of Potash Market

  • The Global Sulfate of Potash market is segmented on the basis of grade type, end user and geography. The report provides data for 2016 to 2025, 2017 being the current year while 2018 to 2025 is the forecast period for the report.
  • The Global Sulfate of Potash  market is segmented based on grade type into three notable segments; standard SOP, Granular SOP, Soluble SOP The Sulfate of Potash market is dominated by Granular SOP with 68.2% market share in 2018, growing at a CAGR of 5.6% in the forecast period.
  • The Global Sulfate of Potash  market is segmented based on end user  into two notable segments; Agricultural and Industrial . In 2018, the Agricultural Sulfate of Potash segment is expected to dominate the market with 89.0% market share.
  • Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.

Key Drivers: Global Sulfate of Potash Market

Some of the major factors driving the market for global Sulfate of Potash market are rising global population and income growth in key emerging markets, Reduction In Arable Land And Chase For Higher Yields, Increase In Need Of Turf & Ornamental Land. These factors demand the Sulfate of Potash which boosts the market growth.

  • Increase in the trend of organic food consumption
  • Increase in demand of sop in developing countries

Key Points: Global Sulfate of Potash Market

K+S KALI GmbH is going to dominate the global Sulfate of Potash market following with Tessenderlo Group, Compass Minerals, SQM  and  Migao Group others among others.

  • The global Granular SOP market is expected to reach 7,214.40 thousand tonnes by 2025, from 4,768.21 thousand tonnes in 2017, growing at a CAGR of 5.6%.
  • The Agricultureis expected to dominate the Sulfate of Potash market with 89.0% market share, growing at a CAGR 5.7% in the forecast period 2018 to 2025.

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