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The latest report titled “Potassium Sulfate manufacturing cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Potassium Sulfate.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Potassium Sulfate manufacturing process, that might influence Potassium Sulfate manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Potassium Sulfate or SOP (K2SO4) is a high-quality potash fertilizer. It is an inorganic compound comprising 42% Potassium (K) and 17% Sulphur (S). It is a granular crystal or a fine white crystalline powder. It has many benefits, such as lower chlorides which is ideal for plants which sensitive to it, the presence of extra sulphur to counter Sulfur deficiencies and lower salinity.
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Market Drivers:
SOP (Potassium Sulfate) is a widely used and popular fertilizer in the agriculture industry since it is made up of potassium and sulfur that are great for boosting the crop's growth. Technical grade SOP is used in foliar feeding and drip irrigation and has compatibility with Mono Ammonium Phosphate, Urea, LAN, Ammonium Sulphate, and Potassium Chloride. In addition, the rising population is leading to a rise in food demand, especially in emerging countries like India, China, and Indonesia, which is furthering the market growth. Furthermore, it finds application in the pharmaceutical industry as an electrolyte used to make fluids in the body remain in equilibrium. Also, other applications of the product, like in cosmetics and skin care formulas as a viscosity-increasing agent or thickener, along with the growth initiatives for funding and R&D activities in the sector, will propel the industry forward.
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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.
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