Global Potash Market Size, Forecasts, And Opportunities – Includes Potash Market Demand
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The global potash market is expected to grow from $24.53 billion in 2021 to $25.5 billion in 2022 at a compound annual growth rate (CAGR) of 3.9%. The global potash mining market size is expected to grow to $27.28 billion in 2026 at a compound annual growth rate (CAGR) of 1.7%.
The growth in the potash mining market is due to the increasing demand for mining in North America.
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The potash mining market consists of sales of potash by entities (organizations, sole traders, and partnerships) that are used to mine potash through conventional and solution mining methods.
Global Potash Market Segments Include:
By Type: Potash-Agriculture, and Potash-Industrial
By Mining Type: Underground Mining, Surface Mining
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, South America is the largest region in the global potash market in 2021.
Potash solution mining techniques are being utilized for potash mining to improve extraction efficiency and increase profitability. Potash solution mining involves boring injection and recovery wells into the ground. A heated brine solution is injected into the deposit to dissolve the potash salts. The dissolved salts are then extracted to the surface and potash is separated and conditioned, which is the major trend in the potash mining market.
TBRC’s Potash Market Report Covers:
Major Market Players: The Mosaic Company, Potash Corporation of Saskatchewan, K+S AG, Israel Chemicals, and Uralkali
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Potash Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides potash market overviews, analyzes and forecasts market size, share, potash market players, potash market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s potash market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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