Marché du sulfate de potasse en Amérique du Nord – Tendances et prévisions de l’industrie jusqu’en 2030

Analyse et taille du marché du sulfate de potasse en Amérique du Nord

L'industrie agricole a connu la plus forte demande de sulfate de potasse en Amérique du Nord en raison de la demande croissante de céréales et de grains alimentaires. Par exemple, selon le rapport de l'Organisation des Nations Unies pour l'alimentation et l'agriculture (FAO), la production de céréales a atteint 2 715 millions de tonnes en 2019, soit une augmentation de 2,3 % par rapport à 2018. Les principaux acteurs du marché se concentrent sur l'expansion stratégique et la productivité en développant de multiples technologies de fabrication, des produits d'utilisation finale de haute qualité et des processus intégrés pour faire face à la demande considérablement croissante de sulfate sur le marché de la potasse.

Data Bridge Market Research analyse que le marché du sulfate de potasse devrait connaître un TCAC de 6,90 % au cours de la période de prévision. Cela indique que la valeur du marché, de 0,68 million USD en 2022, grimperait en flèche à 1,17 million USD d'ici 2030. En plus des informations sur les scénarios de marché tels que la valeur du marché, le taux de croissance, la segmentation, la couverture géographique et les principaux acteurs, les rapports de marché organisés par Data Bridge Market Research comprennent également une analyse approfondie des experts, une représentation géographique de la production et de la capacité par entreprise, des configurations de réseau de distributeurs et de partenaires, une analyse détaillée et mise à jour des tendances des prix et une analyse des déficits de la chaîne d'approvisionnement et de la demande.     

Portée et segmentation du marché du sulfate de potasse en Amérique du Nord

Définition du marché

Sulfate of potash (SOP) is also called potassium sulfate (U.K.) or potassium sulfate (U.S.). This is the inorganic compound with the chemical formula K2SO4. It is a white water-soluble solid and is commonly used in fertilizers. This provides both potassium and sulfur to crops. The sulfate of potash does not contain chloride, which can harm some crops. Sulfate of potash is mainly preferred for those crops, including tobacco, vegetables, and fruits.

North America Sulfate of Potash Market Dynamics

Drivers

• Growing demand for sulfate of potash in agricultural production

Potassium sulphate  is becoming more common to produce nutrient-rich feed and high-quality crops . The low concentration of chloride can harm crops, due to which increases the demand for the potassium sulfate and gain popularity in the agricultural sector. In the agricultural industry, potassium sulfates are used in numerous applications, suxh as  the potassium sulfate used to promote optimal growth to crop when the soil makes chloride from irrigation. Potassium upsurges the thickness of the outer cell walls in the plants, which aids the plant to promotes robust stem growth. A sufficient potassium supply can rise a plant's ability by reducing moisture from growing plants. They also enhance the storage capacity, food's color and flavor.

• Increasing usage of sulfate of potash in several industries

As a result of its advantageous properties, sulfate of potash is now being used in the glass manufacturing industry and is anticipated to have a positive impact on the growth of the North American potassium sulfate market during the forecast period. Additional applications of the targeted market in the healthcare sector include dietary salts, potassium tablets for enteral and parenteral nutrition, injection solutions, hemodialysis, potassium therapy, athletic nutrition, mineral drinks, and similarly for the refinement of insulin, which is anticipated to increase demand for the market across the globe.

Opportunities

• Increasing demand for sulfate of potash from industrial and medical applications

Since the 17th century, the inorganic substance potassium sulfate has been a component of medical treatments. It is used to induce sweating and treat urinary issues. They are also utilized in various industrial operations, including those producing different chemicals and dying industries. In addition to being utilized as a catalyst for specialty plasters, gypsum board, and anhydrite screed, potassium sulfate is employed to create high-quality inorganic compounds such as potassium alum and persulfate, highly pure potassium sulfate, and potassium water glass. They are also utilized in creating fire extinguishing powder for class B/C fires, as an additive to water-based, chloride-free drilling fluids, and drawing lubricants. As a result, it is anticipated to create ample new opportunities for market growth.

Restraints/ Challenges

• Volatility in price and natural fertilizers

The expense of potassium sulfate fluctuates at a speedy pace because the cost of potassium is very volatile. For instance, from the starting of August 2021 to  middle of August 2021, the expense of sulfate of potash reduced by 0.33%. Moreover, as per the research by University of Calabar that was published in a research publication, neem fertilizers in organic farming considerably increase crop yield. Therefore, fluctuation in the price of sulfate of potash restrains the market's expansion over the forecast period.

 This sulfate of potash market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sulfate of potash market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Sulfate of Potash Market

The COVID-19 pandemic had a minimal impact on the chemicals and materials sector. The shutdown caused several production facilities in numerous nations to completely closed, which immediately affected the sulfate of potash sales. However, the pandemic increased the demand for sulfate of potash from crop production and the medical end-use industries. The chemical is used to treat intestinal and stomach issues. Additionally, it is a high supply of K nutrition for various plants and crops. These qualities kept sulfate of potash in demand during the pandemic and prevented a further decline in the potassium sulfate market. Positive sales prospects for sulfate of potash are being produced by the industry's gradual recovery from losses and the reopening of various manufacturing facilities. Rising opportunities for granular sulphate of potash in the upcoming years are also anticipated to increase demand.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent development

• In May 2020, Uralkali, one of the largest potash producers, proclaimed that Uralkali Trading, a wholly-owned subsidiary of Uralkali, has signed a contract with Indian Potash Limited (IPL).

 North America Sulfate of Potash Market Scope

The sulfate of potash market is segmented on the basis of product, crop type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Standard SOP
• Granular SOP
• Soluble SOP

Crop Type

• Fruits and Vegetables
• Cereals and Grains
• Oilseeds and Pulses
• Others

 Application

• Agricultural
• Industrial
• Others

Sulfate of Potash Market Regional Analysis/Insights

The sulfate of potash market is analyzed and market size insights and trends are provided by country, product product, crop type and application as referenced above.

The countries covered in the sulfate of potash market report are U.S., Canada and Mexico in North America.

U.S. dominates the North American sulfate of potash market owing to the large market share of the U.S. and also the decrease in arable land and the chase for higher yields is facilitating the growth of the country in this region.

La section par pays du rapport fournit également des facteurs d'impact sur les marchés individuels et des changements dans la réglementation du marché qui ont un impact sur les tendances actuelles et futures du marché. Des points de données tels que l'analyse de la chaîne de valeur en aval et en amont, les tendances techniques et l'analyse des cinq forces de Porter, les études de cas sont quelques-uns des indicateurs utilisés pour prévoir le scénario de marché pour les différents pays. En outre, la présence et la disponibilité des marques nord-américaines et les défis auxquels elles sont confrontées en raison de la concurrence importante ou rare des marques locales et nationales, l'impact des tarifs nationaux et des routes commerciales sont pris en compte tout en fournissant une analyse prévisionnelle des données nationales.   

Analyse du paysage concurrentiel et des parts de marché du sulfate de potasse

Le paysage concurrentiel du marché du sulfate de potasse fournit des détails par concurrent. Les détails inclus sont la présentation de l'entreprise, les finances de l'entreprise, les revenus générés, le potentiel du marché, les investissements dans la recherche et le développement, les nouvelles initiatives du marché, la présence en Amérique du Nord, les sites et installations de production, les capacités de production, les forces et les faiblesses de l'entreprise, le lancement du produit, la largeur et l'étendue du produit, la domination des applications. Les points de données ci-dessus fournis ne concernent que l'orientation des entreprises liée au marché du sulfate de potasse.

Certains des principaux acteurs opérant sur le marché du sulfate de potasse sont :

• Exploration de l'Ouest (États-Unis)
• K+S Minerals and Agriculture GmbH (Allemagne)
• Mosaic (États-Unis), SQM SA (États-Unis)
• GROUPE MIGAO (Chine)
• Compass Minerals (États-Unis)
• Jiangsu Kolod Food Ingredients Co., Ltd (Chine)
• SESODA CORPORATION (Taïwan)
• Sinofert Holdings Limited (Chine)

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