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.
China, India, US & Europe (Global) Potash Ores Market:
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.
China, India, US & Europe (Global) Potash Ores Market:
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.
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).
China, India, US & Europe (Global) Potash Ores Market:
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.
China, India, US & Europe (Global) Potash Ores Market:
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.
The results of the emerging strategies and developments
are already hitting the market, in the form of new fertilizers (potash ores).
Moreover, the growing market of the agriculture fertilizers is further expected
to increase the involvement of companies across different segments of the value
chain. The key players actively taking part in the Global Potash Ores Market
include EuroChem, Intrepid Potash, Uralkali, Mining Associates, Agrium Inc.,
JSC Belaruskali, , K+S GmbH, Israel Chemicals Ltd, Elementals Minerals Limited,
PotashCorp, Uralkali, Encanto Potash Corp., BHP Billiton Ltd. and among others.
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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