황산칼륨 시장 예측( -2030년) : 형태별, 유통 채널별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Potassium Sulfate Market is accounted for $5.13 billion in 2024 and is expected to reach $7.6 billion by 2030 growing at a CAGR of 6.8% during the forecast period. Potassium sulfate (K2SO4), also known as sulfate of potash (SOP), is a white, water-soluble salt used primarily as a fertilizer. It provides essential potassium and sulfur, promoting plant growth, improving crop yields, and enhancing resistance to diseases. Unlike potassium chloride, SOP has low chloride content, making it ideal for chloride-sensitive crops like tobacco, potatoes, and fruits. It is also used in industrial applications, including glass manufacturing, pharmaceuticals, and laboratory reagents.

According to the India Brand Equity Foundation (IBEF), the domestic export in FY20 were US$35.09 billion and is expected to over US$ 41.25 billion by FY21.

Market Dynamics:

Driver:

Growing Population & Food Demand

The growing worldwide population and rising food demand are driving the potassium sulfate (SOP) industry, as farmers look for high-efficiency fertilizers to boost crop yields. For crops including fruits, vegetables, and tobacco that are sensitive to chloride and are in greater demand as a result of shifting eating habits, SOP is recommended. SOP implementation is further increased by expanding agricultural activity, especially in arid locations. The demand for premium fertilizers to maximize soil health and sustainable agricultural methods further support the market's consistent expansion.

Restraint:

High Production Costs

High production costs in the potassium sulfate market hinder profitability and limit market growth. The increased expenses associated with raw materials, energy consumption, and labor significantly impact the pricing structure, making potassium sulfate more expensive for manufacturers and consumers. This leads to reduced demand, especially in price-sensitive regions, and forces companies to explore cost-cutting measures or seek alternative production methods, affecting overall market stability and growth.

Opportunity:

Increasing Greenhouse & Organic Farming

The growing adoption of greenhouse and organic farming is driving demand for potassium sulfate (SOP) due to its chloride-free nature, which is essential for high-value, chloride-sensitive crops like fruits, vegetables, and nuts. Organic farming relies on SOP to enhance soil fertility and plant health while meeting sustainability standards. Additionally, greenhouse farming requires precise nutrient management, further boosting SOP demand. As global trends shift toward sustainable agriculture, the potassium sulfate market is expected to expand significantly in response to these practices.

Threat:

Limited Raw Material Availability

Limited raw material availability significantly hinders the potassium sulfate market by increasing production costs and restricting supply. Dependence on scarce resources like potassium chloride and sulfate sources leads to price volatility. Supply chain disruptions and geopolitical factors further exacerbate shortages. This constraint limits manufacturers' ability to meet growing agricultural and industrial demand, potentially slowing market expansion and forcing reliance on alternative fertilizers or imports, impacting overall market stability.

Covid-19 Impact

The COVID-19 pandemic disrupted the Potassium Sulfate Market through supply chain disruptions, labor shortages, and transportation restrictions, leading to fluctuating raw material availability and prices. However, demand remained stable due to its essential role in agriculture, particularly in food production. The crisis also accelerated shifts toward sustainable farming practices, boosting long-term market prospects despite short-term logistical challenges and economic uncertainties.

The agriculture segment is expected to account for the largest market share during the forecast period

The agriculture segment is expected to account for the largest market share during the forecast period, as it is widely used as a premium fertilizer for chloride-sensitive crops like fruits, vegetables, and tobacco. Rising global food demand, soil nutrient depletion, and the shift toward high-value crops fuel SOP adoption. Additionally, organic and sustainable farming trends boost its demand due to its eco-friendly nature. Increased greenhouse farming and precision agriculture further accelerate market growth, making agriculture the dominant sector influencing SOP consumption.

The cosmetics segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the cosmetics segment is predicted to witness the highest growth rate, due to its increasing use in skincare and personal care formulations. As a key ingredient in facial cleansers, shampoos, and bath products, potassium sulfate acts as a pH adjuster and emulsifier, enhancing product stability and effectiveness. Rising consumer demand for premium and organic cosmetics further boosts its market growth. Additionally, the expanding beauty industry, particularly in Asia-Pacific and North America, accelerates potassium sulfate consumption, strengthening its role in the global market.

Region with largest share:

During the forecast period, Asia Pacific region is expected to hold the largest market share, due to increasing demand in agriculture, fertilizers, and industrial applications. Rising population and food security concerns boost the use of potassium sulfate as a chloride-free fertilizer for high-value crops. Expanding pharmaceutical and glass industries further fuel demand. Additionally, government initiatives supporting sustainable farming and soil health drive market growth. China and India lead the region, benefiting from technological advancements and strong agricultural sectors, making Asia-Pacific a key growth hub for potassium sulfate.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to the need for fertilizers devoid of chloride in high-value crops including nuts, fruits, and vegetables. The market is growing as a result of growing worries about food security, greater organic farming, and growing knowledge of soil health. Demand is also influenced by industrial uses in cosmetics and pharmaceuticals. Furthermore, technological developments in the manufacture of sulfate of potash (SOP) and government programs supporting sustainable agriculture are facilitating market expansion throughout the region.

Key players in the market

Some of the key players profiled in the Potassium Sulfate Market include BASF SE, Anellotech, Arkema Group, Borealis, Braskem, Cabot Corporation, Celanese Corporation, Chevron Phillips Chemical Company LLC, China Petroleum & Chemical Corporation, Dow Chemical, Exxon Mobil Corporation, Honeywell, Huntsman Corporation, JFE Chemical Corporation, LyondellBasell Industries Holdings BV, Marathon Petroleum Company, Mitsubishi Chemical Corporation, Reliance Industries Limited, SABIC and Shell PLC.

Key Developments:

In January 2025, BASF's Coatings division has formed a strategic partnership with BMW Group, selecting BASF's premium refinish brands, Glasurit and R-M, as preferred choices for BMW's aftersales network in over 50 markets lacking BMW's private label.

In January 2025, BASF's newly developed flame retardant (FR) grade of Ultramid T6000 polyphthalamide (PPA) is now used in terminal block application. This upgraded solution replaces non-FR material, enhancing safety for the inverter and motor system in electric vehicles (EVs).

In October 2024, BASF made a strategic partnership with Aspen Aerogels to enhance its aerogel product offerings and expand its market reach. This partnership is set to drive innovation in aerogel technologies, particularly in high-performance insulation materials.

Forms Covered:

• Granular
• Powder
• Liquid

Distribution Channels Covered:

• Direct Sales
• Retailers/Distributors

Applications Covered:

• Fertilizers
• Animal Feed
• Cosmetics
• Food & Beverages
• Other Applications

End Users Covered:

• Agriculture
• Industrial
• Pharmaceutical
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Potassium Sulfate Market, By Form

• 5.1 Introduction
• 5.2 Granular
• 5.3 Powder
• 5.4 Liquid

6 Global Potassium Sulfate Market, By Distribution Channel

• 6.1 Introduction
• 6.2 Direct Sales
• 6.3 Retailers/Distributors

7 Global Potassium Sulfate Market, By Application

• 7.1 Introduction
• 7.2 Fertilizers
• 7.3 Animal Feed
• 7.4 Cosmetics
• 7.5 Food & Beverages
• 7.6 Other Applications

8 Global Potassium Sulfate Market, By End User

• 8.1 Introduction
• 8.2 Agriculture
• 8.3 Industrial
• 8.4 Pharmaceutical
• 8.5 Other End Users

9 Global Potassium Sulfate Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 BASF SE
• 11.2 Anellotech
• 11.3 Arkema Group
• 11.4 Borealis
• 11.5 Braskem
• 11.6 Cabot Corporation
• 11.7 Celanese Corporation
• 11.8 Chevron Phillips Chemical Company LLC
• 11.9 China Petroleum & Chemical Corporation
• 11.10 Dow Chemical
• 11.11 Exxon Mobil Corporation
• 11.12 Honeywell
• 11.13 Huntsman Corporation
• 11.14 JFE Chemical Corporation
• 11.15 LyondellBasell Industries Holdings BV
• 11.16 Marathon Petroleum Company
• 11.17 Mitsubishi Chemical Corporation
• 11.18 Reliance Industries Limited
• 11.19 SABIC
• 11.20 Shell PLC