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.
Get Free Sample
Now@ https://www.marketresearchfuture.com/sample_request/773
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.
No comments:
Post a Comment