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Potash Market t Size, Share, Trends, Growth Rate, Business Overview And Industry Forecast By 2023-2032
Potash Market
The Business Research Company's Potash Global Market Report 2023 identifies growth in the potash market as the major driver for the Potash market's growth in the forecast period. For instance, in 2022, according to International Trade Administration, a US-based government agency, mining accounted for almost 10% of the total GDP in 2020, being a major contributor to Australia's economy.
The global potash market size will grow from $22.04 billion in 2022 to $23.03 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of potash is expected to grow from $30.61 billion in 2027 at a CAGR of 7.4%.
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Major competitors in the Potash market are The Mosaic Company, Potash Corporation of Saskatchewan, K+S AG, Israel Chemicals, and Uralkali.
A key trend in the Potash market includes potash solution mining. 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, which is the major trend in the potash market.
Read More On The Global Potash Market Report Here:
https://www.thebusinessresearchcompany.com/report/potash-global-market-report
The Potash market is segmented -
• By Type: Potash-Agriculture, and Potash-Industrial
• By Mining Type: Underground Mining, Surface Mining
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. South America was the largest region in the Potash market.
The Business Research Company's "Global Potash Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Potash Market Include:
1. Executive Summary
2. Report Structure
3. Potash Market Characteristics
4. Potash Market Product Analysis
5. Potash Market Supply Chain
…………………………………………………..
19. Potash Market Competitive Landscape
20. Key Mergers And Acquisitions In The Potash Market
21. Market Background: General Mineral Mining Market
22. Recommendations
23. Appendix
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