PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1421515
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1421515
According to SPER market research, 'Europe Potassium Sulfate Market Size- By Form, By Purity, By End User, By End Use, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Europe Potassium Sulfate Market is predicted to reach with a CAGR of 3.8%.
K2SO4 is the chemical formula for the inorganic substance potassium sulphate. It is a salt made up of sulphate and potassium ions. Another name for it is sulphate of potash (SOP).The main application for potassium sulphate is as fertiliser in farming. It is prized for having a high potassium content, a nutrient that is necessary for the growth and development of plants. Potassium is essential for several physiological functions in plants, such as osmoregulation, food absorption, and enzyme activation.
The COVID-19 pandemic also had a significant effect on the Europe Potassium Sulphate Market. There was a brief drop in demand for potassium sulphate across a number of industries as a result of strict lockdowns and supply chain interruptions. Restrictions in crop cultivation caused difficulties for the agriculture sector, a major user and a factor in the demand for fertiliser. Moreover, industrial uses were impeded, such as in the production of medicines and glass.