According to Goldstein Research, global potash market is expected to reach USD11.0 billion by the end of 2024 from USD 8.0 billion in 2016, growing at a CAGR of 4.0%. For growth in agriculture production fertilizer industry has immense role in order to cater the food demand of growing population. The growth of fertilizer industry is driving the rising demand of potash market. Global potash market segmentation has been done on the basis of product type, end-user and geography. Fertilizer industry is the major consumer of potash, accounting for over 90% market share. Limited arable lands and maintaining food security as per the growing population, potash industry has vast opportunities in every economy of the world. Global potash market is majorly driven by Asia-Pacific region, on account of being agricultural region and highest population density of the world. Latin America is next opportunistic region for the growth of potash market.
Market Segmentation
On the basis of our in-depth analysis, Global Potash Market can be segmented as follows:
• By Product Type
o Muriate of Potash (MOP)
o Sulphate of Potash (SOP)
o Sulphate of Potash Magnesia (SOPM)
o Potassium Nitrate
• By End Use Industry
o Fertilizer Industry
o Pharmaceutical Industry
o Others (plastics, soaps, fire extinguishers)
• On the basis of region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Potash Market Outlook 2024”contains detailed overview of the global potash market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type and end-user.
Further, for the in-depth analysis, Global Potash Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asDead Sea Works (ICL Fertilizers), Potash Corp, Mosaic Co, K+S, Uralkali, Qinghai Salt Lake Potash, Agrium, Intrepid Potash, APC, Belaruskali, Sinofert Holdings, SQM, Vale,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global potash market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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