Market Overview:
The global potash market is expected to grow at a CAGR of 3.5% from 2018 to 2030. The growth in the potash market can be attributed to the increasing demand for potassium-based fertilizers due to the rising population and food demand. Additionally, the growing trend of using organic farming practices is also expected to fuel the growth of the potash market during the forecast period. On basis of type, potassium chloride accounted for majority share in 2017 and is projected to grow at a CAGR of 3.4% from 2018-2030 owing its properties such as high solubility, low toxicity, and compatibility with other nutrients which makes it an excellent fertilizer choice for crops that are grown both organically.
Product Definition:
Potash is a potassium-containing salt, most commonly derived from potassium chloride. It is used as an agricultural fertilizer and also in many industrial processes.
Potassium Chloride:
Potassium chloride is a salt which has potassium cation (K+), and an ionic chlorine group. It is white in color consisting of solid crystals or a crystalline powder. It has high solubility in water, but cannot be dissolved completely due to its strong affinity for the soil.
Potassium Nitrate:
Potassium nitrate is a saltpetre, which is formed by the reaction of potassium carbonate (K2CO3) and nitric acid. It has a molecular weight of 142 and an ionic strength of 3.5%. It occurs in crystalline form with white color. The crystals are very fragile; therefore, they are usually made into tablets or pellet form for further use.
Application Insights:
The fertilizer application segment led the global market and accounted for more than 54% of the total revenue share in 2017. The growth is attributed to rising demand from major agriculture markets including China, India, Brazil, Argentina and Australia. Moreover, increasing use of fertilizers by farmers across developing countries such as Vietnam is expected to drive product demand over the forecast period.
Growing population coupled with increasing food production has resulted in a rise in agricultural activities across all regions including North America, Europe and Asia Pacific which will further increase product consumption over the forecast period. General industrial was another significant application segment accounting for nearly 20% of total revenue share in 2017 owing to growing usage as an essential element required for manufacturing several products such as glass fiber reinforced plastics (GFRP), paints & coatings, ceramics raw materials and pharmaceuticals among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to rapid industrialization, rising population, and increasing per capita income levels in developing countries such as China and India. Moreover, growing demand for fertilizers from various sectors including agriculture & horticulture, food & beverage industry coupled with strong government regulations regarding the usage of natural resources are some factors driving regional growth.
The Asia Pacific has one of the largest potassium mining industries globally due to easy availability of raw materials at low cost as compared to other regions; this factor also contributes towards Potash Corporation Of Saskatchewan’s (KCS) earnings by exporting mined products across international borders thus generating revenue for Canada’s economy through trade activities with U.S., China, India etc.
Growth Factors:
- Increasing demand for potash from the agricultural sector due to the increasing population and their need for food.
- The increasing trend of urbanization, which is resulting in a higher demand for better quality food products.
- The rising disposable income of consumers, which is enabling them to spend more on high-quality foods that require potash fertilizers.
- The growing awareness among farmers about the benefits of using potash fertilizers, which is helping to drive its demand growth across various regions globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Potash Market Research Report
By Type
Potassium Chloride, Potassium Nitrate, Potassium Sulfate
By Application
Fertilizer, General Industrial, Other
By Companies
Nutrien, ICL, Intrepid Potash, Vale, Qinghai Salt Lake, Uralkali, Belaruskali, Sinofert Holdings, SQM, Nutrien
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Potash Market Report Segments:
The global Potash market is segmented on the basis of:
Types
Potassium Chloride, Potassium Nitrate, Potassium Sulfate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fertilizer, General Industrial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nutrien
- ICL
- Intrepid Potash
- Vale
- Qinghai Salt Lake
- Uralkali
- Belaruskali
- Sinofert Holdings
- SQM
- Nutrien
Highlights of The Potash Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Potassium Chloride
- Potassium Nitrate
- Potassium Sulfate
- By Application:
- Fertilizer
- General Industrial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Potash Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Potash is a mineral that is found in the earth's crust. It is a potassium-based compound and can be found as an ore or as a byproduct of other mining operations.
Some of the major companies in the potash market are Nutrien, ICL, Intrepid Potash, Vale, Qinghai Salt Lake, Uralkali, Belaruskali, Sinofert Holdings, SQM, Nutrien.
The potash market is expected to register a CAGR of 3.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Potash Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Potash Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Potash Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Potash Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Potash Market Size & Forecast, 2018-2028
4.5.1 Potash Market Size and Y-o-Y Growth
4.5.2 Potash Market Absolute $ Opportunity
Chapter 5 Global Potash Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Potash Market Size Forecast by Type
5.2.1 Potassium Chloride
5.2.2 Potassium Nitrate
5.2.3 Potassium Sulfate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Potash Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Potash Market Size Forecast by Applications
6.2.1 Fertilizer
6.2.2 General Industrial
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Potash Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Potash Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Potash Analysis and Forecast
9.1 Introduction
9.2 North America Potash Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Potash Market Size Forecast by Type
9.6.1 Potassium Chloride
9.6.2 Potassium Nitrate
9.6.3 Potassium Sulfate
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Potash Market Size Forecast by Applications
9.10.1 Fertilizer
9.10.2 General Industrial
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Potash Analysis and Forecast
10.1 Introduction
10.2 Europe Potash Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Potash Market Size Forecast by Type
10.6.1 Potassium Chloride
10.6.2 Potassium Nitrate
10.6.3 Potassium Sulfate
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Potash Market Size Forecast by Applications
10.10.1 Fertilizer
10.10.2 General Industrial
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Potash Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Potash Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Potash Market Size Forecast by Type
11.6.1 Potassium Chloride
11.6.2 Potassium Nitrate
11.6.3 Potassium Sulfate
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Potash Market Size Forecast by Applications
11.10.1 Fertilizer
11.10.2 General Industrial
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Potash Analysis and Forecast
12.1 Introduction
12.2 Latin America Potash Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Potash Market Size Forecast by Type
12.6.1 Potassium Chloride
12.6.2 Potassium Nitrate
12.6.3 Potassium Sulfate
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Potash Market Size Forecast by Applications
12.10.1 Fertilizer
12.10.2 General Industrial
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Potash Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Potash Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Potash Market Size Forecast by Type
13.6.1 Potassium Chloride
13.6.2 Potassium Nitrate
13.6.3 Potassium Sulfate
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Potash Market Size Forecast by Applications
13.10.1 Fertilizer
13.10.2 General Industrial
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Potash Market: Competitive Dashboard
14.2 Global Potash Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nutrien
14.3.2 ICL
14.3.3 Intrepid Potash
14.3.4 Vale
14.3.5 Qinghai Salt Lake
14.3.6 Uralkali
14.3.7 Belaruskali
14.3.8 Sinofert Holdings
14.3.9 SQM
14.3.10 Nutrien
