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Sulfate of Potash-Global Market Insights and Sales Trends 2025
Synopsis
Sulfate of Potash (K2SO4, commonly referred to as sulfate of potash or SOP) is a water soluble, white and crystalline salt. Potassium sulphate is the world's most popular low-chloride fertilizer.
The main resources for potassium sulphate are found in combination with other mineral sulfates, such as magnesium, sodium and calcium. Another way of producing potassium sulphate is a combination of potassium chloride and kieserite. Most common forms of manufacture are from potassium chloride through a synthetic reaction with sulfuric acid or sulfur dioxide.
Sulfate of Potash contains between 50-52% of K2O and approx. 18% of sulphur which is a needed element in plant growth and deficient in many soils. In the commercial market, combining potassium (50% K2O) and sulphur (18%) potassium sulfate is the majority commercial product due to the high concentration of nutrients readily available to plants. Otherwise than potassium chloride (SOP) does not contain any chlorides, which can be harmful to some crops like tobacco, fruits and vegetable.
The global Sulfate of Potash market size is expected to reach US$ 4690.9 million by 2029, growing at a CAGR of 2.3% from 2023 to 2029. The market is mainly driven by the significant applications of Sulfate of Potash in various end use industries. The expanding demands from the Agricultural, Industrial and Others,, are propelling Sulfate of Potash market. Powder SOP, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Granular SOP segment is estimated at % CAGR for the next seven-year period.
The major players in global Sulfate of Potash market include K+S Group, Guotou Xinjiang LuoBuPo Potassium Salt, Tessenderlo Group, etc. The top 3 players occupy about 45% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 80% of the global market. Powder SOP is the main type, with a share about 70%. Agricultural is the main application, which holds a share about 90%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Sulfate of Potash, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Sulfate of Potash market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Sulfate of Potash market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Sulfate of Potash sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Sulfate of Potash covered in this report include K+S Group, Tessenderlo Group, Compass Minerals, SQM, YARA, Rusal, Sesoda, Archean Group and Guotou Xinjiang LuoBuPo Potassium Salt, etc.
The global Sulfate of Potash market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
K+S Group
Tessenderlo Group
Compass Minerals
SQM
YARA
Rusal
Sesoda
Archean Group
Guotou Xinjiang LuoBuPo Potassium Salt
Qing Shang Chemical
Migao Group
Qinghai CITIC Guoan Technology
Gansu Xinchuan Fertilizer
Evergrow
Global Sulfate of Potash market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Sulfate of Potash market, Segment by Type:
Powder SOP
Granular SOP
Global Sulfate of Potash market, by Application
Agricultural
Industrial
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Sulfate of Potash manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Sulfate of Potash in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Sulfate of Potash (K2SO4, commonly referred to as sulfate of potash or SOP) is a water soluble, white and crystalline salt. Potassium sulphate is the world's most popular low-chloride fertilizer.
The main resources for potassium sulphate are found in combination with other mineral sulfates, such as magnesium, sodium and calcium. Another way of producing potassium sulphate is a combination of potassium chloride and kieserite. Most common forms of manufacture are from potassium chloride through a synthetic reaction with sulfuric acid or sulfur dioxide.
Sulfate of Potash contains between 50-52% of K2O and approx. 18% of sulphur which is a needed element in plant growth and deficient in many soils. In the commercial market, combining potassium (50% K2O) and sulphur (18%) potassium sulfate is the majority commercial product due to the high concentration of nutrients readily available to plants. Otherwise than potassium chloride (SOP) does not contain any chlorides, which can be harmful to some crops like tobacco, fruits and vegetable.
The global Sulfate of Potash market size is expected to reach US$ 4690.9 million by 2029, growing at a CAGR of 2.3% from 2023 to 2029. The market is mainly driven by the significant applications of Sulfate of Potash in various end use industries. The expanding demands from the Agricultural, Industrial and Others,, are propelling Sulfate of Potash market. Powder SOP, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Granular SOP segment is estimated at % CAGR for the next seven-year period.
The major players in global Sulfate of Potash market include K+S Group, Guotou Xinjiang LuoBuPo Potassium Salt, Tessenderlo Group, etc. The top 3 players occupy about 45% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 80% of the global market. Powder SOP is the main type, with a share about 70%. Agricultural is the main application, which holds a share about 90%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Sulfate of Potash, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Sulfate of Potash market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Sulfate of Potash market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Sulfate of Potash sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Sulfate of Potash covered in this report include K+S Group, Tessenderlo Group, Compass Minerals, SQM, YARA, Rusal, Sesoda, Archean Group and Guotou Xinjiang LuoBuPo Potassium Salt, etc.
The global Sulfate of Potash market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
K+S Group
Tessenderlo Group
Compass Minerals
SQM
YARA
Rusal
Sesoda
Archean Group
Guotou Xinjiang LuoBuPo Potassium Salt
Qing Shang Chemical
Migao Group
Qinghai CITIC Guoan Technology
Gansu Xinchuan Fertilizer
Evergrow
Global Sulfate of Potash market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Sulfate of Potash market, Segment by Type:
Powder SOP
Granular SOP
Global Sulfate of Potash market, by Application
Agricultural
Industrial
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Sulfate of Potash manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Sulfate of Potash in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Sulfate of Potash Market Overview
1.1 Sulfate of Potash Product Overview
1.2 Sulfate of Potash Market Segment by Type
1.2.1 Powder SOP
1.2.2 Granular SOP
1.3 Global Sulfate of Potash Market Size by Type
1.3.1 Global Sulfate of Potash Market Size Overview by Type (2018-2029)
1.3.2 Global Sulfate of Potash Historic Market Size Review by Type (2018-2023)
1.3.3 Global Sulfate of Potash Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Sulfate of Potash Sales Breakdown by Type (2018-2023)
1.4.2 Europe Sulfate of Potash Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Sulfate of Potash Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Sulfate of Potash Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Sulfate of Potash Sales Breakdown by Type (2018-2023)
2 Global Sulfate of Potash Market Competition by Company
2.1 Global Top Players by Sulfate of Potash Sales (2018-2023)
2.2 Global Top Players by Sulfate of Potash Revenue (2018-2023)
2.3 Global Top Players by Sulfate of Potash Price (2018-2023)
2.4 Global Top Manufacturers Sulfate of Potash Manufacturing Base Distribution, Sales Area, Product Type
2.5 Sulfate of Potash Market Competitive Situation and Trends
2.5.1 Sulfate of Potash Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Sulfate of Potash Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Sulfate of Potash as of 2022)
2.7 Date of Key Manufacturers Enter into Sulfate of Potash Market
2.8 Key Manufacturers Sulfate of Potash Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Sulfate of Potash Status and Outlook by Region
3.1 Global Sulfate of Potash Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Sulfate of Potash Historic Market Size by Region
3.2.1 Global Sulfate of Potash Sales in Volume by Region (2018-2023)
3.2.2 Global Sulfate of Potash Sales in Value by Region (2018-2023)
3.2.3 Global Sulfate of Potash Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Sulfate of Potash Forecasted Market Size by Region
3.3.1 Global Sulfate of Potash Sales in Volume by Region (2024-2029)
3.3.2 Global Sulfate of Potash Sales in Value by Region (2024-2029)
3.3.3 Global Sulfate of Potash Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Sulfate of Potash by Application
4.1 Sulfate of Potash Market Segment by Application
4.1.1 Agricultural
4.1.2 Industrial
4.1.3 Others
4.2 Global Sulfate of Potash Market Size by Application
4.2.1 Global Sulfate of Potash Market Size Overview by Application (2018-2029)
4.2.2 Global Sulfate of Potash Historic Market Size Review by Application (2018-2023)
4.2.3 Global Sulfate of Potash Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Sulfate of Potash Sales Breakdown by Application (2018-2023)
4.3.2 Europe Sulfate of Potash Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Sulfate of Potash Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Sulfate of Potash Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Sulfate of Potash Sales Breakdown by Application (2018-2023)
5 North America Sulfate of Potash by Country
5.1 North America Sulfate of Potash Historic Market Size by Country
5.1.1 North America Sulfate of Potash Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Sulfate of Potash Sales in Volume by Country (2018-2023)
5.1.3 North America Sulfate of Potash Sales in Value by Country (2018-2023)
5.2 North America Sulfate of Potash Forecasted Market Size by Country
5.2.1 North America Sulfate of Potash Sales in Volume by Country (2024-2029)
5.2.2 North America Sulfate of Potash Sales in Value by Country (2024-2029)
6 Europe Sulfate of Potash by Country
6.1 Europe Sulfate of Potash Historic Market Size by Country
6.1.1 Europe Sulfate of Potash Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Sulfate of Potash Sales in Volume by Country (2018-2023)
6.1.3 Europe Sulfate of Potash Sales in Value by Country (2018-2023)
6.2 Europe Sulfate of Potash Forecasted Market Size by Country
6.2.1 Europe Sulfate of Potash Sales in Volume by Country (2024-2029)
6.2.2 Europe Sulfate of Potash Sales in Value by Country (2024-2029)
7 Asia-Pacific Sulfate of Potash by Region
7.1 Asia-Pacific Sulfate of Potash Historic Market Size by Region
7.1.1 Asia-Pacific Sulfate of Potash Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Sulfate of Potash Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Sulfate of Potash Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Sulfate of Potash Forecasted Market Size by Region
7.2.1 Asia-Pacific Sulfate of Potash Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Sulfate of Potash Sales in Value by Region (2024-2029)
8 Latin America Sulfate of Potash by Country
8.1 Latin America Sulfate of Potash Historic Market Size by Country
8.1.1 Latin America Sulfate of Potash Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Sulfate of Potash Sales in Volume by Country (2018-2023)
8.1.3 Latin America Sulfate of Potash Sales in Value by Country (2018-2023)
8.2 Latin America Sulfate of Potash Forecasted Market Size by Country
8.2.1 Latin America Sulfate of Potash Sales in Volume by Country (2024-2029)
8.2.2 Latin America Sulfate of Potash Sales in Value by Country (2024-2029)
9 Middle East and Africa Sulfate of Potash by Country
9.1 Middle East and Africa Sulfate of Potash Historic Market Size by Country
9.1.1 Middle East and Africa Sulfate of Potash Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Sulfate of Potash Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Sulfate of Potash Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Sulfate of Potash Forecasted Market Size by Country
9.2.1 Middle East and Africa Sulfate of Potash Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Sulfate of Potash Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 K+S Group
10.1.1 K+S Group Company Information
10.1.2 K+S Group Introduction and Business Overview
10.1.3 K+S Group Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.1.4 K+S Group Sulfate of Potash Products Offered
10.1.5 K+S Group Recent Development
10.2 Tessenderlo Group
10.2.1 Tessenderlo Group Company Information
10.2.2 Tessenderlo Group Introduction and Business Overview
10.2.3 Tessenderlo Group Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Tessenderlo Group Sulfate of Potash Products Offered
10.2.5 Tessenderlo Group Recent Development
10.3 Compass Minerals
10.3.1 Compass Minerals Company Information
10.3.2 Compass Minerals Introduction and Business Overview
10.3.3 Compass Minerals Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Compass Minerals Sulfate of Potash Products Offered
10.3.5 Compass Minerals Recent Development
10.4 SQM
10.4.1 SQM Company Information
10.4.2 SQM Introduction and Business Overview
10.4.3 SQM Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.4.4 SQM Sulfate of Potash Products Offered
10.4.5 SQM Recent Development
10.5 YARA
10.5.1 YARA Company Information
10.5.2 YARA Introduction and Business Overview
10.5.3 YARA Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.5.4 YARA Sulfate of Potash Products Offered
10.5.5 YARA Recent Development
10.6 Rusal
10.6.1 Rusal Company Information
10.6.2 Rusal Introduction and Business Overview
10.6.3 Rusal Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Rusal Sulfate of Potash Products Offered
10.6.5 Rusal Recent Development
10.7 Sesoda
10.7.1 Sesoda Company Information
10.7.2 Sesoda Introduction and Business Overview
10.7.3 Sesoda Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Sesoda Sulfate of Potash Products Offered
10.7.5 Sesoda Recent Development
10.8 Archean Group
10.8.1 Archean Group Company Information
10.8.2 Archean Group Introduction and Business Overview
10.8.3 Archean Group Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Archean Group Sulfate of Potash Products Offered
10.8.5 Archean Group Recent Development
10.9 Guotou Xinjiang LuoBuPo Potassium Salt
10.9.1 Guotou Xinjiang LuoBuPo Potassium Salt Company Information
10.9.2 Guotou Xinjiang LuoBuPo Potassium Salt Introduction and Business Overview
10.9.3 Guotou Xinjiang LuoBuPo Potassium Salt Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Guotou Xinjiang LuoBuPo Potassium Salt Sulfate of Potash Products Offered
10.9.5 Guotou Xinjiang LuoBuPo Potassium Salt Recent Development
10.10 Qing Shang Chemical
10.10.1 Qing Shang Chemical Company Information
10.10.2 Qing Shang Chemical Introduction and Business Overview
10.10.3 Qing Shang Chemical Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Qing Shang Chemical Sulfate of Potash Products Offered
10.10.5 Qing Shang Chemical Recent Development
10.11 Migao Group
10.11.1 Migao Group Company Information
10.11.2 Migao Group Introduction and Business Overview
10.11.3 Migao Group Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Migao Group Sulfate of Potash Products Offered
10.11.5 Migao Group Recent Development
10.12 Qinghai CITIC Guoan Technology
10.12.1 Qinghai CITIC Guoan Technology Company Information
10.12.2 Qinghai CITIC Guoan Technology Introduction and Business Overview
10.12.3 Qinghai CITIC Guoan Technology Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Qinghai CITIC Guoan Technology Sulfate of Potash Products Offered
10.12.5 Qinghai CITIC Guoan Technology Recent Development
10.13 Gansu Xinchuan Fertilizer
10.13.1 Gansu Xinchuan Fertilizer Company Information
10.13.2 Gansu Xinchuan Fertilizer Introduction and Business Overview
10.13.3 Gansu Xinchuan Fertilizer Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Gansu Xinchuan Fertilizer Sulfate of Potash Products Offered
10.13.5 Gansu Xinchuan Fertilizer Recent Development
10.14 Evergrow
10.14.1 Evergrow Company Information
10.14.2 Evergrow Introduction and Business Overview
10.14.3 Evergrow Sulfate of Potash Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Evergrow Sulfate of Potash Products Offered
10.14.5 Evergrow Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Sulfate of Potash Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Sulfate of Potash Industrial Chain Analysis
11.4 Sulfate of Potash Market Dynamics
11.4.1 Sulfate of Potash Industry Trends
11.4.2 Sulfate of Potash Market Drivers
11.4.3 Sulfate of Potash Market Challenges
11.4.4 Sulfate of Potash Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Sulfate of Potash Distributors
12.3 Sulfate of Potash Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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