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Global Potash Ores Market: Drivers and Restraints
Global demand for potash ores is expected to rise significantly with the growth of the fertilizer industry over the next few years. In addition, rising consumption of organic food is expected to drive the demand for potash fertilizers, thereby boosting the potash ore market over the next few years. North America and Europe are the largest consumers of organic foods. Significant growth is expected in the Asia-Pacific region over the next few years on account of rising disposable incomes of consumers and an inclining trend towards healthy food. However, rising health concern from the consumption of potash fertilizers as well as fluctuating prices of potassium chloride is expected to slow down the growth of the market. Demand for food and animal feed has been on the rise since 2000 with growing disposable incomes in developing economies being a major factor in the growing potash and fertilizer use. However, after years of showing an upward growth trajectory, fertilizer use experienced a significant decline in 2008. The global economic downturn has been the primary cause for decreased potash use as well as the declining prices, which caused instability in crop and raw material prices and fuelled uncertainty in the farming community. Increasing use of potash as potash mobilizing biofertlizers is expected to provide new opportunities for the growth of the market.
Global Potash Ores Market: Regional Outlook
Growth of the fertilizer industry has been one of the major factors driving the demand for potash ores. The global outlook for the fertilizer industry shows a positive growth, resulting from a progressive demand for phosphate and potassium demand in Asia Pacific. Although agricultural prices have been under pressure, they are anticipated to remain attractive stimulating fertilizer applications leading to the growth of the industry. Demand for potash ores is expected to witness a noticeable increase in every region except North America, due to the expected drop in crop prices and residual effect of nutrient applications leading to a decline in consumption. Future market growth is expected to be significant from emerging regions such as Asia Pacific as a result of improvements in fertilizer practices by Indian farmers. As per The International Fertilizer Industry Association, more than 25 potash expansion projects have been intended by manufacturers between from 2013 to 2017.
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Global Potash Ores Market: Market Players
Elementals Minerals Limited, Agrium Inc., PotashCorp, JSC Belaruskali, Uralkali, K+S GmbH, and Israel Chemicals Ltd. are some of the key players present in the potash ore market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications. The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America
- Latin America
- Asia Pacific
- Japan
- Western Europe
- Eastern Europe
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
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Global Potash Ores Market: Segmentation
Global potash ore is segmented into type of mineral extracted and End-Use Industry
- Potassium Chloride
- Sodium Chloride
- Others
On the basis of End-Use Industry, the global potash ore market is segmented as below:
- Agriculture
- Metallurgical
- Chemical
- Others
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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