Potash Ore Market
Potash Ore Market Overview:
Potash Ore is used in a wide range of applications that play an important role in developing fruits, plants, vegetables, and others. Owing to these factors, they are used in the heavy end industries such as agriculture, chemical, metallurgical, and others. The global potash ore market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Among these, North America holds the major share of the global market and is projected to continue leading, owing to the increasing consumption of the product in agriculture, chemical, metallurgical, and others. It is estimated that the agriculture segment is set to observe the highest CAGR in the market due to growing use of the product in the production of fertilizers, and others. The increasing demand for the product in chemical and metallurgical sectors have propelled the market to witness a rapid growth during the forecast period. These factors led the U.S., Canada, and Mexico to be the leading players in this region.
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Potash Ore Market Key Players:
Potash Ore Market are: EuroChem (Switzerland), Intrepid Potash, Inc. (U.S.), Uralkali (Russia), Mining Associates (India), Nutrien Ltd (Canada), JSC Belaruskali (Belarus), K+S KALI GmbH (Germany), ICL (Israel), Kore Potash Limited (Australia), and Encanto Potash Corp. (EPO) (Canada) among others.
Potash Ore Market Segments:
Potash Ores Market is segmented on the basis of applications and mineral extracted.
On the Basis of Mineral Extracted: Sodium Chloride, Potassium Chloride and Others.
On the Basis of Application: Agriculture Industry, Chemical Industry, Metallurgical Industry and Others.
On the Basis of Region: North America, Europe, Asia Pacific and ROW.
Potash Ore Market Application:
Potash Ore was earlier derived as a by-product of leaching tree ashes in metal pots. It is now derived from underground mines by way of mining. Renewed interest in the potash ore market has led to the commencement of R &D activities on bio fertilizers that are expected to further boost demand for the potash ore industry. On the other hand, health issues arising out of potash fertilizer consumption and fluctuating prices of potash can relatively slow down the growth pace of the industry.
Potash Ore consists of sodium chloride, potassium chloride, anhydrite, carbonate, and silicate. They are raw materials used in the production of potash, fertilizers, and chemicals among others. Potash ores can be processed by using two methods. The mechanical method of processing is called floatation and the chemical processing method is known as hot leaching. The floatation processing method is dependent on the capacities of sodium chloride and sylvatic whereas, the hot leaching method depends upon the physiochemical properties of water, potassium chloride and halite.
Potash Ore is highly demanded from the fertilizer industry owing to its ability to promote robust growth in plants and crops. Moreover, the growing health awareness among the population throughout the globe coupled with the increasing demand for organic produce is expected to further add to the growth of the market. In addition, the demand from other applications such as dying fabrics, making soap, and glass production among others is also expected to positively contribute to the market growth during the forecast years.
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Potash Ore Market Geographical Analysis:
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Potash Ore Market Regional Analysis:
Potash Ore Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Geographically, North America is considered as the largest market for potash ore, followed by Canada. By 2011, Canada had a production capacity of 11.2 Million tons. Potash ore is a major fertilizer in agriculture, therefore it has high demand in the European countries such as United Kingdom, France, Germany, Switzerland and others, where the available arable land is more as compared to other regions. However, this factor has boosted growth of the European market. As of now, China and India are the world’s largest consumer of potash ores due to the large arable lands, huge population growth, and large levels of population who are dependent on agriculture.
Potash Ore Market Competitive Landscape:
Potash Ore is a lucrative market and is expected show an increasing CAGR during the forecast period. Potash Company, Uralkali EuroChem Company, Intrepid Company, Mining Associates Private Limited, Agrium Inc., JSC Belaruskali, K+S GmbH, are some of the major players operating in the market. These players are adopting various key strategies of market growth. These key players are adopting innovation, product launch, merger and acquisition, collaboration, increased investment in research and development activities and other market survival techniques to cater to the large consumer base and strengthen their position in the market. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
Potash Ore Market Table of Content:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain of Global Potash Ore Market
5 Industry Overview of Global Potash Ore Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
Potash Ore Market Table of Content to be Continue……..,
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