Market Overview:
Potash ores are the
foremost raw materials which are mostly used to produce the compound
fertilizers, potash and other different chemicals. The need for agriculture
fertilizers is gradually rising which resulted in increase in demand for potash
ores due to constraining factors such as rising global population, growing
labor shortage and rural wages. The potash ore generally comprises of potassium
chloride (sylvite), sodium chloride (halite), anhydrite, carbonate and
silicate.
The processing of
potash ore is mainly done by hot leaching with further and advance
crystallization of potash salt from the inundated or saturated salt brines.
While preparing of potash ore, the two different primary methods are
implemented. The first one is flotation i.e. mechanical method and hot leaching
i.e. chemical method. Many of the manufacturers use both the methods. The
flotation method is generally based on the different capacity of halite and
sylvite surface to be moisturized with water through the addition of
exclusively acting chemicals. The method of hot leaching i.e. chemical method
is based on the physicochemical properties of water, sodium chloride and
potassium chloride.
Global Key Players:
A number of
industry giants in this industry are taking advantage of the inevitable need of
ensuring food sufficiency through a faster turnaround of agricultural
activities and entered the global potash ores market. As a result,
opportunities are now emerging for other market players who are willing to bear
the high risks involved in the industry due to the high cost of these
chemicals.
·
Mining Associates
·
Agrium Inc.
·
JSC Belaruskali,
·
K+S GmbH
·
Israel Chemicals Ltd
·
Elementals Minerals Limited
·
PotashCorp
·
EuroChem
·
Intrepid Potash
·
Uralkali
·
Uralkali
·
Encanto Potash Corp
·
BHP Billiton Ltd.
Application:
The major
applications area of potash ore are agriculture industry, chemical industry and
metallurgical industry. Agriculture industry is one of the major application
segments of global potash ore market. Potash ore is a major fertilizer
which is very helpful for plant and crop nutrition. The necessity of engaging
in innovative strategies regarding agriculture production and reducing the
reliance on manual labor has boosted the demand of potash ores globally. The
potash ore are naturally rich in sodium chloride, potassium chloride and
naturally obtained by straight shaft mining with the extracted or removed ore
ground into a powder form. Potash ores are also used for industrial water
treatment, soap manufacturing, photographic chemicals, food products, and
textiles.
Market Growth
Influencer:
The global Potash Ore Market has seen a potential growth and
expected to rise as the growth of fertilizer industry in the recent years. The
rising demand and consumption of food will drive the fertilizer industry
thereby; the demand is expected to increase for potash ores. North America and
Europe are considered as the major market and consumer for organic food.
Additionally, rising concern over hygienic food, increasing disposable income,
and growing population are the driving factor which has captured the global
potash ore market. Along with this, huge population is concerning about healthy
food which is one of the major trends in the market. Therefore increasing in
the demand for fertilizer will result in the increase in the demand for potash
ore globally. In Asia-Pacific, particularly in China and India, large
population is dependent on agriculture however; it will be huge opportunity for
the potash ore to capture the market. In the developing economies, growing
disposable income has set an opportunity for the market.
Market Segmentation:
For the purpose of
this study, the global potash ores market is segmented on the basis of
applications and mineral extracted. On the basis of application the global
potash ores market is segmented into sodium chloride, potassium chloride and
others. On the basis of application, the global potash ores market is segmented
into agriculture industry, chemical industry and others (metallurgical
industry).
Regional Analysis:
Geographically,
North America is considered as the largest market for organic food, where in
Canada is the biggest market followed by the US. By 2011, Canada had a
production capacity of 11.2 million tones. The US is also considered as the
largest consumer of potash ore. The rising demand of food and animal feed has
been the major growing factor in the North America. Potash ore is a major
fertilizer in agriculture, therefore in the European countries such as United
Kingdom, France, Germany, Switzerland and others, where the available arable
land is more compared to other regions. However, this factor has anticipated
the European market. As of now, China and India is the world’s largest consumer
of potash ores due to the large arable land, huge population growth, and large
employment is depended in agriculture. Additionally, growing Gross Domestic
Product (GDP) rate, rising disposable income, rising concern about healthy food
is expected to be a growing factor in the Asian market. Asia-Pacific is one of
the emerging economies, where the future market is expected to grown due to the
large number of projects coming in India and farmers are practicing in the
improvement in the fertilizers.
Market Research
Future introduces about China, India, US & Europe
(Global) Potash Ore Market during the forecast period
2017-2027 which mainly includes the growth drivers, trends and restraints and
how the market will grow in the future across the globe. In this report, Market
Research Future has focused on the current market scenario which
includes market segmentation, market dynamics, and competitive landscape along
with company profiles.
The reports also
covers brief analysis of Geographical Region includes:
Americas
- North America (US,
Canada)
- Latin America
(Argentina, Brazil, Mexico, Rest of LATAM)
Europe
- Western Europe
(Germany, France, Italy, Spain, U.K, Rest of Western Europe)
- Eastern Europe
(Poland, Russia)
Asia – Pacific
- Asia (China,
India, Japan, South Korea, Rest of Asia)
- Pacific Countries
(Australia, New Zealand)
Middle East &
Africa
- Middle East
(Saudi, Qatar, UAE)
- Rest of Middle
East (Africa, South Africa, Rest of Africa)
Every report
of Market Research Future comprises of extensive primary
research along with the detailed analysis of qualitative as well as
quantitative aspects by various industry experts, key opinion leaders to gain
the deeper insight of the market and industry performance. The report gives the
clear picture of current market scenario which includes historical and
projected market size in terms of value and volume, technological advancement,
macro economical and governing factors in the market. The report also gives a
broad study of the different market segments and regions.
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