Potash Mining includes mining of potash through conventional and solution mining methods. Potash is any of various mined and manufactured salts that contain potassium in water-soluble form. The name derives from pot ash, which refers to plant ashes soaked in water in a pot, the primary means of manufacturing the product before the industrial era.
Potash Global Market Size
The global potash market was valued at $23.5 billion in 2017. Asia Pacific was the largest geographic region accounting for $8.9 billion or 37.7% of the global market. The USA was the largest country accounting for $4.5 billion or 19.0% of the global Potash market.
Potash Global Market Trend
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. Companies such as Potash Corporation of Saskatchewan, Mosaic, Intrepid Potash, and Western Potash are using potash solution mining techniques in various potash mining projects.
The companies covered are The Mosaic Company, Potash Corporation of Saskatchewan, K+S AG, Israel Chemicals, and Uralkali.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Potash Global Market Segmentation
The potash market is segmented into Agriculture; and Industrial.
Agriculture involves the cultivation of plants, and animal and bird rearing for food, fabrics, fibers, bio-fuel, medicinal and other products used to sustain and enhance human life. This industry also includes horticulture and aquaculture.
Industrial segment includes mining of potash for industrial use.