Potash market size, share, sales, growth, revenue, type, application & forecast to 2027

The compounds that contain potassium are mentioned as potash. K-Dur 20 (KCl), saltpeter (KNO3), and potassium sulfate (K2SO4) are a number of the samples of potash. It contains potassium in water-soluble form. The extraction of carbonate was done by leaching wood ashes then evaporating the answer in large pots. The name potash was derived from this method of extraction. The separation of salt and other minerals from potash rocks leads to availability of potash.

On the idea of region, the worldwide potash market is segmented into North America, Latin America , Europe, Asia Pacific, Middle East , and Africa. Asia Pacific holds dominant position within the global potash market, followed by Latin America . Increasing population is one among the main factors that drive growth of the potash market in Asia Pacific region. Increased per capita food consumption and high food inflation thanks to low crop production are expected to extend demand for potash fertilizers, thereby fueling potash market growth within the region. In Latin America , Brazil is that the largest consumer of potash fertilizers.

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Top Key Players in Potash  market: Passport Potash, OAO Uralkali, IC Potash Corp, Agrium, Intrepid Potash, ICL, JSC BELARUSKALI, Nutrien, The Mosaic Company, Vale, PotashCorp, Qinghai Salt Lake, and Belaruskali among others.

Regional Analysis For Potash  Market:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Potash market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

  • North America [U.S., Canada, Mexico]
  • Europe [Germany, UK, France, Italy, Rest of Europe]
  • Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
  • South America [Brazil, Argentina, Rest of Latin America]
  • Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]

Market Dynamics

The global potash market size is expected to be valued at US$ 19 million, exhibiting a CAGR of over 4.5% over the forecast period (2019-2027). Increasing demand for fertilizers is one of the major factors driving growth of the global potash market. The demand for food is increasing globally due to increasing population and rapid urbanization. Therefore, for agricultural activities, farmers use potash-based fertilizers for healthy growth of plants. This results in increasing demand for potash, thereby driving the potash market growth. Moreover, increasing shrinking of arable land is resulting in rising demand for agricultural fertilizers to enhance the productivity and yield per hectare. This will create growth opportunities for the potash market.

Moreover, potash find applications in animal feed-stocks and industrial processes. It is used as animal feed for animal growth and milk production. Also, manufacturing of ceramics, soaps, and glass uses potash.

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On 2nd January 2018, Nutrien Ltd. completed the merger of equals between Agrium Inc. and Potash Corporation of Saskatchewan Inc. Nutrien Ltd. has one among the most important crop nutrient product portfolio which is further expected to expand during the forecast period due to the merger between the above listed companies.
In January 2014, OAO Uralkali, a Russian potash producer signed a primary half sales affect Chinese agrochemical consortium to sell its fertilizer additive potash for $305 a MT . This deal is predicted to expand the company’s sales within the Chinese potash market and thereby contribute towards the company’s future growth just in case of potash market.

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