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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