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 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).
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.
Browse
key industry insights spread across 123 pages with data tables and figures of
the report “US & Europe (Global) Potash Ores Market by Mineral Extracted
(potassium chloride, sodium chloride & others) & by Application
(agriculture, chemical, metallurgical & other industries) Forecast:
2016-2027” in detail along with the table of contents@ https://www.marketresearchfuture.com/reports/global-potash-ore-market-773
No comments:
Post a Comment