The Global Potash Market Was Valued At $23.5 Billion In 2017 According To TBRC’s Latest Report

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...

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.

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The market was valued at $23.5 billion in 2017, and is expected to be driven by increase in need of higher production capacity. Asia Pacific was the largest geographic region in the market, accounting for about two-fifth of the global market share. This is a result of huge growth in the consumption of fertilizers by agricultural producers as they were made aware of the benefits of using these fertilizers.

The potash market in the report is spilt into two segments: agriculture, industrial.

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The USA was the largest country in the market, accounting for almost one-fifth of the global potash market.

The top five competitors in the market are The Mosaic Company, Potash Corporation of Saskatchewan, K+S AG, Israel Chemicals, and Uralkali. The Mosaic Company is the largest player in the market. The Mosaic Company is the world’s leading producer of concentrated phosphate and potash crop nutrients as well as a single source global supplier for phosphates, potash, nitrogen fertilizers and feed ingredients for the agriculture industry.

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