QYR: The Global market for Potassium Sulphate is expected to reach about 5666.94 Million USD by 2023
http://www.qyresearchglobal.com/goods-1318182.html The Global market for Potassium Sulphate is expected to reach about 5666.94 Million USD by 2023 from 4178.4 Million USD in 2017, registering a Compounded Annual Growth Rate (CAGR) of 5.22% during the analysis period, 2017-2023.
http://www.qyresearchglobal.com/goods-1318182.html The Global market for Potassium Sulphate is expected to reach about 5666.94 Million USD by 2023 from 4178.4 Million USD in 2017, registering a Compounded Annual Growth Rate (CAGR) of 5.22% during the analysis period, 2017-2023.
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<strong>QYR</strong>: <strong>The</strong> <strong>Global</strong> <strong>market</strong> <strong>for</strong> <strong>Potassium</strong><br />
<strong>Sulphate</strong> <strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>reach</strong> <strong>about</strong><br />
<strong>5666.94</strong> <strong>Million</strong> <strong>USD</strong> <strong>by</strong> <strong>2023</strong><br />
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<strong>Potassium</strong> sulphate (K2SO4, commonly referred <strong>to</strong> as sulfate of potash or SOP)<br />
<strong>is</strong> a water soluble, white and crystalline salt. <strong>Potassium</strong> sulphate <strong>is</strong> the world's<br />
most popular low-chloride fertilizer.<br />
<strong>The</strong> main resources <strong>for</strong> potassium sulphate are found in combination with other<br />
mineral sulfates, such as magnesium, sodium and calcium. Another way of<br />
producing potassium sulphate <strong>is</strong> a combination of potassium chloride and kieserite.<br />
Most common <strong>for</strong>ms of manufacture are from potassium chloride through a<br />
synthetic reaction with sulfuric acid or sulfur dioxide.<br />
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According <strong>to</strong> <strong>QYR</strong>esearch, <strong>The</strong> potassium sulphate industry concentration <strong>is</strong> relatively high.<br />
<strong>The</strong> manufacturing bases are mainly concentrated in USA, Chile, China and Europe. In 2016,<br />
only twelve manufacturers’ production capacity exceeds 100,000 Tonnes, e.g. K+S Group<br />
from Germany, Tessenderlo Group from Belgium, Compass Minerals from USA, SQM from<br />
Chile, YARA from Finland, Rusal from Russia, Sesoda from Taiwan, and five Chinese<br />
producers such as Guo<strong>to</strong>u Xinjiang LuoBuPo <strong>Potassium</strong> Salt, Qing Shang Chemical, Migao<br />
Group, Qinghai CITIC Guoan Technology, and AVIC International Holding.<br />
For manufacturing process of potassium sulphate, the most important manufacturing process<br />
<strong>is</strong> mannheim process, sulfate salts reaction and brines (salt lakes) processing, respectively<br />
accounted <strong>for</strong> 51.27%, 14.25% and 31.62% in 2016. <strong>The</strong> manufacturers who adopt the brines<br />
(salt lakes) processing <strong>to</strong> produce potassium sulphate have advantages in manufacturing cost<br />
over other manufacturers who adopt the other manufacturing process.<br />
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<strong>The</strong> downstream demand was relatively stable in<br />
the past five years, and it will keep the growth<br />
trend in the future five years, because of it has<br />
been a must <strong>to</strong> some crops which are particularly<br />
sensitive <strong>to</strong> chlorine, such as pota<strong>to</strong>es, fruits,<br />
vegetables and <strong>to</strong>bacco. Although the price<br />
changed frequently, it <strong>is</strong> <strong>expected</strong> that the<br />
price will keep a slow downward trend in future<br />
due <strong>to</strong> excess capacity.<br />
<strong>Global</strong>ly, the global sales was 7169 K Tonnes in<br />
2016 and it will <strong>reach</strong> <strong>to</strong> 10319 K Tonnes in <strong>2023</strong>;<br />
at the same time, the global production value<br />
was 3788.59 <strong>Million</strong> <strong>USD</strong> in 2016 and it will be<br />
<strong>5666.94</strong> <strong>Million</strong> <strong>USD</strong> in 2022.<br />
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