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.
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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)
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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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