Global Potash Market Outlook
Market Overview
Potash, a generic term for Potassium salts, is an extremely essential nutrient required by plants for growth. It is one of the three primary plant nutrients: nitrogen, potassium and phosphorus. Thus it is widely used in fertilizers and is available in forms like SOP (sulphate of potash), MOP (muriate of potash) etc.
Due to its wide scale agricultural application, the demand for potash is highly correlated with production levels. The projected one third increase in the global population necessitating increase in agricultural production by up to 70%, will potentially give a major boost to the demand for potash. Other factors causing agricultural production increases like food security issues and limited availability of arable lands are also likely to bolster demand.
Potash is mainly extracted from underground evaporates, rock formations or water bodies like the Dead Sea. It is used wherever soil potassium levels are inadequate, and helps boost plant health and increase productivity.
Market Segmentation
• By Product Type
o Muriate of Potash (MOP)
o Sulphate of Potash (SOP)
o Sulphate of Potash Magnesia (SOPM)
o Potassium Nitrate
• By End Use Industry
o Fertilizer Industry
o Pharmaceutical Industry
o Others (plastics, soaps, fire extinguishers)
• By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Million), Production (By Volume)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Production (By Volume)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Production (By Volume)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million), Production (By Volume)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Production (By Volume)}
o Rest of the World {Market Share (%), Market Size (USD Million), Production (By Volume)}
Market Size and Forecast (2016-2024)
The global market for potash was valued at USD 8 Billion in 2016. The market is undergoing recovery and is expected to grow at a modest CAGR of 4% during the forecast period to reach a market size of USD 11 Billion by 2024.
MOP accounts for the largest share in the global potash market. Its popularity can be attributed to its yield increasing qualities and competitive pricing.
The fertilizer industry accounts for over 90% of the total potash consumption globally. Fertilizers for agriculture comprise the largest end use industry for potash owing to the immense importance of potash for plants and increased productivity.
Geographically, Asia Pacific accounts for the largest market for potash in terms of revenue. This is mainly due to the thriving agricultural sector and reliance of a large percentage of the population on agriculture as a means of living. Latin America as well as Asia Pacific are expected to witness steady growth during the forecast period.
Key Drivers and Restraints
Rising agricultural production and increasing fertilizer usage are the key factors driving the market for potash in recent years. Increase in global population, urbanization, rising incomes and consequently improving standards of living, decreasing arable land per capita and increasing demand for bio-fuels, animal feed are the factors contributing to the growth drivers.
Change in consumption patterns and shift to protein based diets, rising affordability and expansion in emerging markets are some other factors propelling growth in the market.
However, bloated global capacity and excess supply are acting as key restraints to market growth. The market has witnessed nearly a decade of falling prices. Various seasonal factors like rainfall, droughts and climate, and macroeconomic factors like inflation, per capita incomes also affect output levels. This in turn can adversely affect demand for potash.
The market is witnessing recovery, especially in Asia there is a rebound due to low prices in countries like India and China. After nearly a decade of decline, shipments to China are expected to increase. Subsidy policy for potash in India has also changed recently.
Key Players
• Dead Sea Works (ICL Fertilizers)
Synopsis
Business Strategy
Product Portfolio
SWOT Analysis
• Potash Corp
• Mosaic Co
• K+S
• Uralkali
• Qinghai Salt Lake Potash
• Agrium
• Intrepid Potash
• APC
• Belaruskali
• Sinofert Holdings
• SQM
• Vale
Scope Background
Market Synopsis
Market Segmentation
The global potash market is segmented as follows:
• By Product Type (Market Size, Demand Analysis and Growth Analysis)
• By End Use Industry (Market Size, Demand Analysis and Growth Analysis)
By Regions
• North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
• Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
• Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
• Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
Market Dynamics: Growth Drivers, Restraints and Opportunities
• Risk Factors
• Regional Variations
• Recent Trends and Developments
Key Market Players
• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
Table of Contents
1. Parent Market Synopsis
2. Executive Summary
3. Research Methodology
4. Regional Opportunity Analysis on the basis of Competitors
5. Global Potash Market Size (USD Billion) and Forecast Analysis, 2016-2024
6. Market Dynamics: Growth Drivers, Restraints and Opportunities
6.1. Risk Factors
6.2. Regional Variations
6.3. Recent Trends and Developments
7. Global Potash Market Segmentation
7.1. Global Potash Market By Product Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.1. Adoption Rate (%) by Global Potash Market by Product Type
7.1.2. Muriate of Potash (MOP) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.3. Sulphate of Potash (SOP) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.4. Sulphate of Potash Magnesia (SOPM) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.5. Potassium Nitrate (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.6. Market Attractiveness by Global Potash Market by Product Type
7.1.7. BPS Analysis by Global Potash Market by Product type
7.2. Global Potash Market By End Use Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.2.1. Adoption Rate (%) by Global Potash Market by End Use Industry
7.2.2. Fertilizer Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.2.3. Pharmaceutical Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.2.4. Others (plastics, soaps, fire extinguishers) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.2.5. Market Attractiveness by Global Potash Market by End Use Industry
7.2.6. BPS Analysis by Global Potash Market by End Use Industry
7.3. By Region (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.3.1. North America Potash Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1.1. North America Potash Market By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.3.1.1.1. U.S. Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1.1.2. Canada (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1.1.3. Market Attractiveness by Country
7.3.1.1.4. BPS Analysis by Country
7.3.1.2. North America Potash Market By Product Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1.2.1. Adoption Rate (%) by Global Potash Market by Product Type
7.3.1.2.2. Muriate of Potash (MOP) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1.2.3. Sulphate of Potash (SOP) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1.2.4. Sulphate of Potash Magnesia (SOPM) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1.2.5. Potassium Nitrate (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1.2.6. Market Attractiveness by Global Potash Market by Product Type
7.3.1.2.7. BPS Analysis by Global Potash Market by Product type
7.3.1.3. North America Potash Market By End Use Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1.3.1. Adoption Rate (%) by Global Potash Market by End Use Industry
7.3.1.3.2. Fertilizer Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1.3.3. Pharmaceutical Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1.3.4. Others (plastics, soaps, fire extinguishers) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.1.3.5. Market Attractiveness by Global Potash Market by End Use Industry
7.3.1.3.6. BPS Analysis by Global Potash Market by End Use Industry
7.3.2. Europe Potash Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.1. Europe Potash Market By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.3.2.1.1. UK Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.1.2. France (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.1.3. Italy (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.1.4. Germany (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.1.5. Spain (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.1.6. Hungary (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.1.7. Sweden (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.1.8. Russia (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.1.9. Poland (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.1.10. Rest of Europe (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.1.11. Market Attractiveness by Country
7.3.2.1.12. BPS Analysis by Country
7.3.2.2. Europe Potash Market By Product Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.2.1. Adoption Rate (%) by Global Potash Market by Product Type
7.3.2.2.2. Muriate of Potash (MOP) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.2.3. Sulphate of Potash (SOP) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.2.4. Sulphate of Potash Magnesia (SOPM) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.2.5. Potassium Nitrate (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.2.6. Market Attractiveness by Global Potash Market by Product Type
7.3.2.2.7. BPS Analysis by Global Potash Market by Product type
7.3.2.3. Europe Potash Market By End Use Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.3.1. Adoption Rate (%) by Global Potash Market by End Use Industry
7.3.2.3.2. Fertilizer Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.3.3. Pharmaceutical Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.3.4. Others (plastics, soaps, fire extinguishers) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.2.3.5. Market Attractiveness by Global Potash Market by End Use Industry
7.3.2.3.6. BPS Analysis by Global Potash Market by End Use Industry
7.3.3. Middle East & Africa Potash Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.1. Middle East & Africa Potash Market By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.3.3.1.1. Gulf Cooperation Council Countries (GCC) Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.1.2. South Africa (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.1.3. North Africa (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.1.4. Rest of Middle East and Africa (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.1.5. Market Attractiveness by Country
7.3.3.1.6. BPS Analysis by Country
7.3.3.2. Middle East & Africa Potash Market By Product Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.2.1. Adoption Rate (%) by Global Potash Market by Product Type
7.3.3.2.2. Muriate of Potash (MOP) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.2.3. Sulphate of Potash (SOP) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.2.4. Sulphate of Potash Magnesia (SOPM) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.2.5. Potassium Nitrate (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.2.6. Market Attractiveness by Global Potash Market by Product Type
7.3.3.2.7. BPS Analysis by Global Potash Market by Product type
7.3.3.3. Middle East & Africa Potash Market By End Use Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.3.1. Adoption Rate (%) by Global Potash Market by End Use Industry
7.3.3.3.2. Fertilizer Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.3.3. Pharmaceutical Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.3.4. Others (plastics, soaps, fire extinguishers) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.3.3.5. Market Attractiveness by Global Potash Market by End Use Industry
7.3.3.3.6. BPS Analysis by Global Potash Market by End Use Industry
7.3.4. Latin America Potash Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.1. Latin America Potash Market By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.3.4.1.1. Brazil Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.1.2. Mexico (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.1.3. Rest of Latin America (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.1.4. Market Attractiveness by Country
7.3.4.1.5. BPS Analysis by Country
7.3.4.2. Latin America Potash Market By Product Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.2.1. Adoption Rate (%) by Global Potash Market by Product Type
7.3.4.2.2. Muriate of Potash (MOP) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.2.3. Sulphate of Potash (SOP) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.2.4. Sulphate of Potash Magnesia (SOPM) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.2.5. Potassium Nitrate (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.2.6. Market Attractiveness by Global Potash Market by Product Type
7.3.4.2.7. BPS Analysis by Global Potash Market by Product type
7.3.4.3. Latin America Potash Market By End Use Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.3.1. Adoption Rate (%) by Global Potash Market by End Use Industry
7.3.4.3.2. Fertilizer Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.3.3. Pharmaceutical Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.3.4. Others (plastics, soaps, fire extinguishers) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.4.3.5. Market Attractiveness by Global Potash Market by End Use Industry
7.3.4.3.6. BPS Analysis by Global Potash Market by End Use Industry
7.3.5. Asia Pacific (APAC) Potash Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.1. Asia Pacific Potash Market By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.3.5.1.1. China Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.1.2. Japan (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.1.3. India (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.1.4. Singapore (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.1.5. South Korea (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.1.6. Australia (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.1.7. New Zealand (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.1.8. Rest of APAC (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.1.9. Market Attractiveness by Country
7.3.5.1.10. BPS Analysis by Country
7.3.5.2. Asia Pacific Potash Market By Product Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.2.1. Adoption Rate (%) by Global Potash Market by Product Type
7.3.5.2.2. Muriate of Potash (MOP) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.2.3. Sulphate of Potash (SOP) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.2.4. Sulphate of Potash Magnesia (SOPM) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.2.5. Potassium Nitrate (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.2.6. Market Attractiveness by Global Potash Market by Product Type
7.3.5.2.7. BPS Analysis by Global Potash Market by Product type
7.3.5.3. Asia Pacific Potash Market By End Use Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.3.1. Adoption Rate (%) by Global Potash Market by End Use Industry
7.3.5.3.2. Fertilizer Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.3.3. Pharmaceutical Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.3.4. Others (plastics, soaps, fire extinguishers) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.3.5.3.5. Market Attractiveness by Global Potash Market by End Use Industry
7.3.5.3.6. BPS Analysis by Global Potash Market by End Use Industry
8. Competitive Outlook
8.1. Market Share of Major Players (2016)
8.2. Company Profiles
8.2.1. Dead Sea Works (ICL Fertilizers)
8.2.1.1. Company Synopsis
8.2.1.2. Business Strategy
8.2.1.3. Product Portfolio
8.2.1.4. SWOT Analysis
8.2.2. Potash Corp
8.2.3. Mosaic Co
8.2.4. K+S
8.2.5. Uralkali
8.2.6. Qinghai Salt Lake Potash
8.2.7. Agrium
8.2.8. Intrepid Potash
8.2.9. APC
8.2.10. Belaruskali
8.2.11. Sinofert Holdings
8.2.12. SQM
8.2.13. Vale
9. Porter’s Five Force Model
10. Market Landscape: Competition and Beyond
11. Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
12. Expert Analysis
13. Concluding Remarks
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