my country’s potassium sulfate production is gradually increasing, and SDIC’s potassium market share is the largest

Potassium sulfate is an inorganic salt composed of potassium ions and sulfate ions. Its chemical and physical properties are relatively stable. The chemical formula is K2SO4. It mostly appears as colorless or white crystalline particles or powder at normal temperatures and pressures. At present, the preparation of potassium sulfate is basically mature and can be roughly divided into Mannheim method, salt-making bitter brine method, ammonium sulfate method, ion exchange method, association method, etc. Among them, the Mannheim process has become the main process for producing potassium sulfate.

At present, my country’s potassium sulfate industry chain has been formed. The upstream of the industrial chain is mainly the raw material industry, which provides raw materials such as sulfuric acid, potassium chloride, thenardite, carnallite, etc.; the midstream is mainly the potassium sulfate production industry, which is responsible for the production and manufacturing of potassium sulfate; the downstream is mainly the application field, and potassium sulfate is mainly used In industry, medicine, agriculture, chemicals, dyes and other fields. Among them, agriculture has become the largest application field of potassium sulfate.

Potassium sulfate can be used directly as potassium fertilizer, or as a chemical fertilizer raw material to produce sulfur-based nitrogen, phosphorus and potassium compound fertilizer. Potassium sulfate can enhance crop resistance, improve crop yield and quality, and prevent soil salinization to a certain extent. In addition, potassium sulfate has also been widely used in industry. It can not only be used to produce potassium chromium sulfate, potassium iron sulfate, potassium aluminum sulfate and other chemicals, but can also be used as an auxiliary material in the production of ceramics and glass. Overall, my country’s potassium sulfate has a wide consumer market.

According to the “Potassium Sulfate Industry In-depth Market Research and Investment Strategy Suggestions Report 2023-2027” released by the Industrial Research Center, with the my country’s agricultural planting structure has been adjusted, the crop planting area has increased, and the demand for fertilizers has continued to increase. As a high-quality fertilizer, potassium sulfate has a growing market demand. Against this background, my country’s potassium sulfate enterprises have gradually expanded their production scale and increased their output. In 2022, my country’s potassium sulfate output will exceed 4.50 million tons.

From the perspective of import and export, with the gradual expansion of potassium sulfate production capacity in my country, potassium sulfate output has grown steadily, while imports have declined. According to data released by the General Administration of Customs, my country’s potassium sulfate imports in 2022 will be 35,900 tons, a year-on-year decrease of 28.3%. Due to the impact of the national fertilizer export legal inspection policy, the export volume of potassium sulfate has dropped significantly. According to data released by the General Administration of Customs, my country’s potassium sulfate export volume in 2022 will be 77,900 tons, a year-on-year decrease of 64.79%.

Industry analysts said that my country’s larger potassium sulfate companies mainly include SDIC Luo Potash, Shandong Qingshang, and Bindi Potash Fertilizer , Ningxia Taurus, etc. Among them, China Investment Potash has become the largest potassium sulfate manufacturer in my country, with a market share of 33.78%. At present, my country’s potassium sulfate market is dominated by one dominant player. However, as my country’s potassium sulfate market continues to develop, competition in the potassium sulfate market may become more intense in the future.