Potash Mining Market Characteristics
The potash mining market consists of sales of potash by entities (organizations, sole traders and partnerships) that mine potash through conventional and solution mining methods.
Competitive Landscape of the Potash Mining Market
Major players in the global potash mining market include The Mosaic Company, Potash Corporation of Saskatchewan, K+S AG, Israel Chemicals, Uralkali .
Potash Mining Market Size
The potash mining market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the potash mining market is due to increasing demand for mining in North America
However, the market for potash mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues and safety.
Potash Mining Market Segmentation
The global potash mining market is further segmented based on type and geography.
By Type - The potash mining market is segmented into potash-agriculture, potash-industrial.
By Geography - The global potash mining is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the South America potash mining market accounts the largest share in the global potash mining market.
Trends in the Potash Mining Market
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, is the major trend in the potash mining market.
Potential Opportunities in the Potash Mining Market
With increase in positive economic outlook, improved earning capacity, emerging markets growth, the scope and potential for the global potash mining market is expected to significantly rise in the forecast period.
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