Potassium sulfate, commonly known by the chemical formula K2SO4, is also called as sulfate of potash. It is a water-soluble white crystalline salt, which is predominantly used to produce fertilizers and is useful for applications in the pharmaceutical industry. Potassium sulfate is the world’s most popular low chloride fertilizer, whose chemical compound is mainly found in combination with other mineral sulfates such as magnesium, sodium, and calcium. This chemical has immense utility in the fertilizer market and is used in chloride sensitive crops, saline soil, and water scarce regions. Russia, Chile, China, Germany, Canada, and Belgium have the top suppliers of potassium sulfate. (Source: Global Potassium sulfate procurement market intelligence report).
Top suppliers in the potassium sulfate market
K+S Group is a chemical company that along with its subsidiaries produces and sells chemicals and substances such as magnesium, potash, and salt worldwide. The magnesium and potash products segment of the company produces mineral fertilizers, such as potassium chloride for crops, including corn, cereals, soybeans, and rice. They also engage in activities like production of potassium and magnesium products for industrial applications, fertilizers for crops, and health care and nutrition products for pharmaceutical, food processing, cosmetics, and animal feed industries. The company is headquartered in Kassel, Germany.
Tessenderlo is a chemical company which focuses mainly on valorizing bio-residuals, agriculture, and providing industrial solutions. The company’s activities are subdivided into three operating segments, namely Bio-Valorization, Agro, and Industrial Solutions. The company was founded in the year 1919 and is headquartered in Brussels. In October 2017, Tessenderlo Group established a new liquid fertilizer manufacturing facility in East Dubuque in the US.
Compass Minerals is one of the leading producers of minerals, including magnesium chloride, sulfate of potash, salt, and other plant nutrition products. The company also engages in the production of mineral-based products for consumer, water conditioning products, agricultural, consumer and commercial culinary salt and industrial applications. In addition, it provides records management services to businesses throughout the UK. The company was founded in the year 2003 and currently operates in facilities located in more than 100 countries across the world.
SQM is a Chile-based chemical and nutrients producing country with worldwide leadership in terms of its products and services. The company has commercial offices in over 20 countries around the globe, and they offer business formulae to customers in more than 110 countries throughout Europe, North America, Asia, and Oceania. The company’s key services include plant nutrition products, iodine and derivatives, potassium, lithium and derivatives, and industrial chemicals.
Yara produces, distributes, and sells nitrogen-based mineral fertilizers and other related industrial products such as nitrogen fertilizer, ammonia, urea, potash, and nitrate. The company was established as Norsk Hydro, which is the worlds’ first producer of nitrogen fertilizers. It was de-merged as Yara in 2004 with its production sites in six continents and operations in more than 50 countries. In September 2017, Yara was ranked no. 10 among the 50 companies on FORTUNE’s prestigious Changing the World List. In 2017, the company recorded an operating profit of US$491.01 million.
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