Potassium Chloride Market
FMI’s Insightful Report Reveals How Increasing Adoption of Potassium Chloride in Agriculture and Pharmaceuticals Industry is Augmenting Sales across the United States, the United Kingdom, Japan, Korea, & 30+ Countries!
Potassium Chloride Market by Grade, Crop, Application & Region | Forecast 2023 to 2033
Potassium Chloride Market Outlook 2023 to 2033
The global potassium chloride market is on its way to registering a valuation of US$ 13,084.0 million in 2023. A sluggish 3.3% CAGR should facilitate market expansion between 2023 and 2033. Ultimately, this should culminate in a market valuation of US$ 18,102.7 million in 2033.
Potassium chloride (KCl), also known as potassium salt, consists of chlorine and potassium. Manufacturers of potassium chloride derive the metal halide salt from dried lake deposits. It tends to have a colorless vitreous crystal or white appearance and is odorless as well.
Several industries rely on potassium chloride. For instance, in agriculture, its use is predominantly as a fertilizer known as potash. It is also a common additive in the food processing industry. Potassium chloride also has excellent water softening characteristics.
In recent years, Future Market Insights (FMI) has observed a continuous increase in potassium chloride demand. This trend surged in 2021 and as a result, prices spiked to record a 13-year-high. It continued into 2022 as global supply chain worries escalated owing to the Russia-Ukraine conflict.
Canada is a prominent potassium chloride producer. The country’s Saskatchewan province is a potassium chloride production hub. Its production of potassium chloride is primarily for industrial and agricultural use as potash.
China’s potassium chloride production has also seen a significant increase in recent years. The Eastern European nations of Belarus and Russia are well-known potassium chloride producers as well. FMI also expects Germany, Israel, Jordan, and Chile to produce significant quantities of potassium chloride in the coming years.
Potassium chloride’s increasing adoption in the medical sector is set to spur demand from 2023 to 2033. Low blood potassium is a condition that potassium chloride can treat. As a result, the World Health Organization has included it in its List of Essential Medicines.
In culinary applications, potassium chloride is often used as an alternative to salt. However, its natural flavor is not as salty as sodium chloride. It is also bitter, which is why it tends to be mixed with sodium chloride for creating low sodium salt.
While there are not any significant challenges in potassium chloride production, the health of potash miners may be at risk. Potash miners are often exposed to asbestos and radon, which have the potential of triggering respiratory illnesses. This is likely to be a restraining factor for the market in the years ahead.
|
Attribute |
Key Insights |
|
Estimated Potassium Chloride Market Value (2023) |
~US$ 13,084.0 million |
|
Projected Market Value (2033) |
~US$ 18,102.7 million |
|
Value-based CAGR (2023 to 2033) |
~3.3% |
|
Top Players Share in 2022 |
~65.2% |
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2018 to 2022 Potassium Chloride Market Outlook Compared to Demand from 2023 to 2033
Potassium chloride is an essential nutrient for plants and is commonly used as a fertilizer to promote healthy crop growth and increase yields. In the food industry, it is used as a salt substitute in food products, particularly for individuals who are concerned about their sodium intake.
It is used as a coagulant in the treatment of drinking water to remove impurities and improve its quality. The potassium chloride industry has shown resilience over the past five years, which culminated in a US$ 12,666.0 million in 2022.
Potassium chloride is also used in a variety of industrial applications, including the production of other chemicals. Other uses include as a flux in welding and soldering, and as a softener in the textile industry. It also finds numerous applications such as drilling fluid in oil & gas operations to help maintain the stability of the borehole and to prevent collapse.
Comparative View of Adjacent Potassium Chloride Market
Global Potassium Sulfate Market:
|
Attributes |
Global Potassium Sulfate Market |
|
CAGR (2023 to 2033) |
4.9% |
|
Market Value (2023) |
US$ 4,975 million |
|
Growth Factor |
Thriving demand from the agricultural industry to flourish market acceleration |
|
Key Trend |
Intensifying product launches by key players |
Global Potassium Citrate Market:
|
Attributes |
Global Potassium Citrate Market |
|
CAGR (2023 to 2033) |
3.0% |
|
Market Value (2023) |
US$ 705.2 million |
|
Growth Factor |
Significant market traction from Cosmetic Industry to augment sales |
|
Key Trend |
Growing partnerships and collaborations |
Industrial Sodium Chloride Market:
|
Attributes |
Industrial Sodium Chloride Market |
|
CAGR (2023 to 2033) |
4.2% |
|
Market Value (2023) |
US$ 15,123.4 million |
|
Growth Factor |
Substantial demand from the water treatment industry is expected to boost market acceleration |
|
Key Trend |
Prominent players making significant investments in production capacity expansions |
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Talk to AnalystHow is the Agriculture Industry Poised to Spur Potassium Chloride Demand?
Multiple Uses of Potassium Chloride in Agriculture Industry to Drive Demand
Potassium chloride (KCl) is a common salt used in agriculture as a fertilizer to supply potassium, an essential nutrient for plant growth and development. It can improve water retention, increase disease resistance, and enhance the overall quality and yield of crops.
In agriculture, potassium chloride is typically used in granular form and is applied to the soil. KCl is commonly used to fertilize crops such as cereals, fruits, vegetables, and oilseeds. It is also used as a supplement in animal feed to provide a source of potassium for livestock.
KCl can be applied to crops through soil incorporation, foliar sprays, and irrigation systems. The amount and frequency of application depend on the crop and soil type, as well as local climate and growing conditions. Owing to its significant applications in the agriculture industry it is anticipated that the segment will boost potassium chloride demand.
Which are the Trends Impacting the Potassium Chloride Sales?
Potassium Chloride’s Myriad of Medical Uses to Spur Sales for Production of Pharmaceutical Products
Potassium chloride is a commonly used ingredient in the pharmaceutical industry. It is used as a source of potassium ions, which are essential for many physiological processes, including maintaining fluid and electrolyte balance and transmitting nerve impulses.
Potassium chloride is used in various medications, including electrolyte replacement solutions used to treat conditions like dehydration and replenish potassium levels in the body. It is also utilized for high blood pressure medications where it is combined with other drugs to treat hypertension.
Its use is also common in heart disease medications in which it is used to regulate heart rhythm and prevent complications. KCl content in muscle relaxants is for relieving muscle spasms and cramps.
Potassium chloride is also used in intravenous solutions, oral tablets, capsules, and in extended-release formulations. Owing to its diverse applications in the pharmaceutical industry, the market is set to traction from 2023 to 2033.
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Prominent Developments in Potassium Chloride Industry So Far
|
Market Statistics |
Details |
|
January to June (H1), 2021 (A) |
3.0% |
|
July to December (H2), 2021 (A) |
3.2% |
|
January to June (H1),2022 Projected (P) |
3.1% |
|
January to June (H1),2022 Outlook (O) |
3.3% |
|
July to December (H2), 2022 Outlook (O) |
3.3% |
|
July to December (H2), 2022 Projected (P) |
3.6% |
|
January to June (H1), 2023 Projected (P) |
3.4% |
|
BPS Change : H1,2022 (O) - H1,2022 (P) |
(+) 20 ↑ |
|
BPS Change : H1,2022 (O) - H1,2021 (A) |
(+) 30 ↑ |
|
BPS Change: H2, 2022 (O) - H2, 2022 (P) |
(+) 30 ↑ |
|
BPS Change: H2, 2022 (O) - H2, 2021 (A) |
(+) 40 ↑ |
According to FMI’s study, the global potassium chloride industry’s acceleration rate was predominantly influenced by several macroeconomic and geographical factors during 2022’s first half. The industry was able to adapt to the changes brought about by the pandemic, and the demand for the product continued to grow.
The increasing demand for food security and sustainable agriculture has further boosted the demand for potassium chloride as a fertilizer, which has increased by 30 BPS points. Significant growth in the agriculture industry along with the pharmaceutical industry especially in emerging economies is expected to boost potassium chloride demand between 2023 and 2033.
What Factors Might Restrain the Expansion of the Potassium Chloride Industry?
Availability of Substitutes and Regulatory Restrictions to Limit Acceleration of Potassium Chloride Industry
The use of potassium chloride in certain applications, such as food additives, is regulated by various governmental bodies. Strict regulations are likely to hamper market acceleration.
The production of potassium chloride involves the extraction of minerals from salt mines, which can result in environmental degradation. This can limit the growth of the potassium chloride market.
Other mineral salts, such as sodium chloride, can be used as a substitute for potassium chloride in various applications, which can affect potassium chloride demand negatively. Fluctuations in the prices of raw materials and energy can also affect the production cost of potassium chloride, which can have a negative impact on market expansion.
Category-wise Insights
Which is the Chief Application of Potassium Chloride?
Agriculture Segment to Dominate Potassium Chloride Sales Owing to its Multiple Benefits for Crops
By application, the agriculture segment is gaining substantial traction, as it relies on potash as a fertilizer. The segment holds the dominating market share of 92.0% in the potassium chloride industry.
Potassium chloride is an important source of nutrients to maintain soil fertility and improve plant health. As a fertilizer, potassium chloride delivers the following benefits
- It helps regulate plant CO2 intake
- It is essential in the regulation of photosynthesis
- It facilitates water retention
- It enhances resistance to pests and diseases
- It enhances water uptake through roots
These positives of potassium chloride should make it the fertilizer of choice in the global agriculture industry in the years ahead. As the global population continues to rise and agricultural activities expand, potassium chloride sales are sure to soar.
Which Grade is the Most Preferred for Potassium Chloride?
Substantial Potassium Chloride Demand from Agriculture Industry to Fuel Sales of the Agricultural Grade Segment
The agricultural grade segment is estimated to hold an impeccable share of the global potassium chloride market in 2023. It is likely to expand at a slow CAGR of 3.4% between 2023 and 2033.
The purity of agricultural-grade potassium chloride lies between 95-99%. It is predominantly used in the preparation of various compositions of fertilizers necessary in agriculture. Agricultural grade potassium chloride can be further classified depending on the particle size such as granular, coarse, standard, fine, soluble, and suspension.
KCl is the principal source of potassium in fluid fertilizers because it is the most soluble and least costly of the prominent potassium sources. These factors are set to make the agricultural grade segment lead potassium chloride demand on the basis of grade.
Country-wise insights
| Country | The United States |
| Market Share (2023) | 14.0% |
| Market Share (2033) | 14.5% |
| BPS Analysis | +50 |
| Country | Brazil |
| Market Share (2023) | 16.3% |
| Market Share (2033) | 17.0% |
| BPS Analysis | +70 |
| Country | Russia |
| Market Share (2023) | 2.3% |
| Market Share (2033) | 2.2% |
| BPS Analysis | -10 |
| Country | India |
| Market Share (2023) | 6.6% |
| Market Share (2033) | 7.3% |
| BPS Analysis | +70 |
| Country | China |
| Market Share (2023) | 26.0% |
| Market Share (2033) | 27.3% |
| BPS Analysis | +130 |
The United States and China are expected to remain prominent countries in the market for potassium chloride. The two countries presently account for a share of over 40% in the market.
The significant presence of the key end-use industries such as agriculture, pharmaceutical, and food across both countries is fueling KCl demand. This is reflecting through an increase of the basis point share in the global market with a gain of 130 bps in the China market and 50 bps in the United States market.
What Does the Future Look Like for the United States Market for Potassium Chloride?
Significant Production and Consumption of Potassium Chloride in the United States to Augment Sales
The United States market for potassium chloride holds a share of 86.1% in the North America industry. The demand for potassium chloride in the country is a result of its rising use as a fertilizer in agriculture to improve soil fertility and enhance crop yields.
With the growing population and increasing demand for food, the demand for potassium chloride is likely to register an upswing. The use of potassium chloride across industries such as pharmaceuticals, water treatment, and food processing are also expected to contribute to the expansion of the United States market.
The United States is among the prominent producers and consumers of potassium chloride. Advancements in technology and the availability of low-cost natural resources are also set to play their parts in facilitating market acceleration.
How are KCl Sales Likely to Make China a Dominant Player of Potassium Chloride?
Industrial Expansion in China to Boost Potassium Chloride Sales in the Country in the Coming Years
China’s focus on industrial expansion in recent years is likely to drive its generation of potassium chloride demand. The country’s government is working tirelessly to expand industrial sectors such as water treatment, food processing, and agriculture. As a result, KCl companies operating in China can look forward to lucrative opportunities in the years ahead.
However, potassium chloride manufacturers in China need to brace themselves for fierce competition. This is due to the strong presence of both local and international players in the country. To make the most of the opportunities, players should focus on offering competitively-priced products.
China’s status as one of the world’s most rapidly progressing economies should make it a dream destination for market participants. In Asia, FMI expects China to be the dominant market for potassium chloride between 2023 and 2033.
Competitive Landscape
From 2023 to 2033, FMI foresees key players in the market for potassium chloride engaging in production facility expansions and acquisitions. While the market is fairly consolidated at this point in time, FMI expects fragmentation to creep in as emerging players try to capitalize on opportunities.
For instance
- In November 2021, Chemtrade announced that the company has completed the sale of its specialty chemical business with Vertellus for US$ 155 million in which Chemtrade sold its potassium chloride (KCl), vaccine adjuvants, and caustic pellets businesses to Vertellus.
- In July 2020, Veolia Water Technology announced that the company will expand its Jordan potash fertilizer plant crystallization capacity. Veolia will supply a processing facility with the extension into crystallization equipment, to extract premium potash fertilizer from the brines of the Dead Sea.
Scope of Report
|
Attribute |
Details |
|
Estimated Market Size (2023) |
~US$ 13,084.0 million |
|
Projected Market Size (2033) |
~US$ 18,102.7 million |
|
Anticipated Growth Rate |
CAGR of 3.3% from 2023 to 2033 |
|
Forecast Period |
2023 |
|
Historical Data Available for |
2018 to 2022 |
|
Key Regions Covered |
|
|
Key Countries Covered |
|
|
Key Segments Covered |
Grade, Crop, Application, and Region |
|
Key Companies Profiled |
|
|
Report Coverage |
Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities, and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Global Potassium Chloride Market by Category
By Grade:
- Agricultural Grade
- Chemical / Industrial Grade
By Crop:
- Cereals
- Oilseeds
- Fiber and Sugar
- Fruits & Vegetables
By Application:
- Agriculture
- De-icer
- Water Softeners
- Industrial
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Frequently Asked Questions
What was the value of the market for potassium chloride in 2022?
The global market was valued at US$ 12,660.0 million in 2022.
At what rate is the market for potassium chloride projected to expand?
Between 2023 and 2033, the market is anticipated to expand at a CAGR of 3.3%.
By 2033 what will the value of the market for potassium chloride be?
The global market is expected to reach US$ 18,102.7 million by the end of 2033.
Which application segment is expected to lead market expansion from 2023 to 2033?
Potassium chloride is most widely used in agriculture applications and the segment is expected to account for a prominent market share.
What is the main factor responsible for driving potassium chloride demand?
The flourishing demand from the agriculture and pharmaceutical industries is the key factor driving potassium chloride demand
Who are the leading potassium chloride manufacturers?
Nutrien Ltd., The Mosiac Company, K+S KALI GmbH, Israel Chemicals Ltd, and EuroChem are the key manufacturers in the market.
Table of Content
1. Executive Summary | Potassium Chloride Market 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Grade Innovation / Development Trends 4. Key Success Factors 4.1. Grade Adoption / Usage Analysis 4.2. Grade USPs / Features 4.3. Strategic Promotional Strategies 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Volume (Tons) Analysis, 2018 to 2022 5.2. Current and Future Market Volume (Tons) Projections, 2023 to 2033 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis by Grade and Pricing Forecast 6.1.1. Distributor Level pricing 6.1.2. Manufacturer Level pricing 6.2. Global Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Value (US$ million) Analysis, 2018 to 2022 7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.1.1. Global GDP Growth Outlook 8.1.2. Global agriculture industry Overview 8.1.3. Global Personal Care Industry Growth Outlook 8.1.4. Global Pharmaceutical Industry Growth Overview 8.1.5. Global Chemical Industry Growth Overview 8.1.6. Other Macro-Economic Factors 8.2. Forecast Factors - Relevance and Impact 8.2.1. Top Companies Historical Growth 8.2.2. GDP Growth forecast 8.2.3. Manufacturing Industry forecast 8.2.4. Demand from Crop Industries 8.2.5. Global Urbanization Growth Outlook 8.2.6. Other Forecast Factors 8.3. Value Chain 8.3.1. Raw Material Suppliers 8.3.2. Grade Manufacturers 8.3.3. Probable Application Types 8.3.4. Average Profitability Margins 8.4. COVID-19 Crisis – Impact Assessment 8.4.1. Current Statistics 8.4.2. Short-Mid-Long Term Outlook 8.4.3. Likely Rebound 8.5. Market Dynamics 8.5.1. Drivers 8.5.2. Restraints 8.5.3. Opportunity Analysis 8.6. Supply/Demand Analysis 8.7. Regulations and Certifications 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Grade 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ million) and Volume Analysis by Grade, 2018 to 2022 9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast by Grade, 2023 to 2033 9.3.1. Agricultural Grade 9.3.2. Chemical / Industrial Grade 9.4. Market Attractiveness Analysis by Grade 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Crop 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ million) and Volume Analysis by Crop, 2018 to 2022 10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast by Crop, 2023 to 2033 10.3.1. Cereals 10.3.2. Oilseeds 10.3.3. Fiber and Sugar 10.3.4. Fruits & Vegetables 10.3.5. Others (Grass and Residuals) 10.4. Market Attractiveness Analysis by Crop 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application Type 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ million) and Volume Analysis by End-Use, 2018 to 2022 11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast by Application, 2023 to 2033 11.3.1. Agriculture 11.3.2. Deicer 11.3.3. Water Softeners 11.3.4. Industrial 11.3.5. Others 11.4. Market Attractiveness Analysis by Application Type 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 12.1. Introduction 12.2. Historical Market Size (US$ million) and Volume Analysis by Region, 2018 to 2022 12.3. Current Market Size (US$ million) and Volume Analysis and Forecast by Region, 2023 to 2033 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia 12.3.6. Oceania 12.3.7. Middle East and Africa 12.4. Market Attractiveness Analysis by Region 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2018 to 2022 13.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2023 to 2033 13.4.1. by Country 13.4.1.1. The United States 13.4.1.2. Canada 13.4.2. by Grade 13.4.3. by Crop 13.4.4. by Application 13.5. Market Attractiveness Analysis 13.5.1. by Country 13.5.2. by Grade 13.5.3. by Crop 13.5.4. by Application 13.6. Market Trends 13.7. Key Market Participants - Intensity Mapping 13.8. Drivers and Restraints - Impact Analysis 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2018 to 2022 14.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2023 to 2033 14.4.1. by Country 14.4.1.1. Brazil 14.4.1.2. Mexico 14.4.1.3. Rest of Latin America 14.4.2. by Grade 14.4.3. by Crop 14.4.4. by Application 14.5. Market Attractiveness Analysis 14.5.1. by Country 14.5.2. by Grade 14.5.3. by Crop 14.5.4. by Application 14.6. Market Trends 14.7. Key Market Participants - Intensity Mapping 14.8. Drivers and Restraints - Impact Analysis 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2018 to 2022 15.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2023 to 2033 15.4.1. by Country 15.4.1.1. Germany 15.4.1.2. Italy 15.4.1.3. France 15.4.1.4. The United Kingdom 15.4.1.5. Spain 15.4.1.6. BENELUX 15.4.1.7. Russia 15.4.1.8. Rest of Europe 15.4.2. by Grade 15.4.3. by Crop 15.4.4. by Application 15.5. Market Attractiveness Analysis 15.5.1. by Country 15.5.2. by Grade 15.5.3. by Crop 15.5.4. by Application 15.6. Market Trends 15.7. Key Market Participants - Intensity Mapping 15.8. Drivers and Restraints - Impact Analysis 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2018 to 2022 16.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2023 to 2033 16.4.1. by Country 16.4.1.1. China 16.4.1.2. Japan 16.4.1.3. South Korea 16.4.2. by Grade 16.4.3. by Crop 16.4.4. by Application 16.5. Market Attractiveness Analysis 16.5.1. by Country 16.5.2. by Grade 16.5.3. by Crop 16.5.4. by Application 16.6. Market Trends 16.7. Key Market Participants - Intensity Mapping 16.8. Drivers and Restraints - Impact Analysis 17. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2018 to 2022 17.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2023 to 2033 17.4.1. by Country 17.4.1.1. India 17.4.1.2. ASEAN 17.4.1.3. Rest of South Asia 17.4.2. by Grade 17.4.3. by Crop 17.4.4. by Application 17.5. Market Attractiveness Analysis 17.5.1. by Country 17.5.2. by Grade 17.5.3. by Crop 17.5.4. by Application 17.6. Market Trends 17.7. Key Market Participants - Intensity Mapping 17.8. Drivers and Restraints - Impact Analysis 18. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2018 to 2022 18.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2023 to 2033 18.4.1. by Country 18.4.1.1. Australia 18.4.1.2. New Zealand 18.4.2. by Grade 18.4.3. by Crop 18.4.4. by Application 18.5. Market Attractiveness Analysis 18.5.1. by Country 18.5.2. by Grade 18.5.3. by Crop 18.5.4. by Application 18.6. Market Trends 18.7. Key Market Participants - Intensity Mapping 18.8. Drivers and Restraints - Impact Analysis 19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19.1. Introduction 19.2. Pricing Analysis 19.3. Historical Market Size (US$ million) and Volume Trend Analysis by Market Taxonomy, 2018 to 2022 19.4. Market Size (US$ million) and Volume Forecast by Market Taxonomy, 2023 to 2033 19.4.1. by Country 19.4.1.1. GCC Countries 19.4.1.2. Türkiye 19.4.1.3. Northern Africa 19.4.1.4. South Africa 19.4.1.5. Rest of Middle East and Africa 19.4.2. by Grade 19.4.3. by Crop 19.4.4. by Application 19.5. Market Attractiveness Analysis 19.5.1. by Country 19.5.2. by Grade 19.5.3. by Crop 19.5.4. by Application 19.6. Market Trends 19.7. Key Market Participants - Intensity Mapping 19.8. Drivers and Restraints - Impact Analysis 20. Country-wise Market Analysis 20.1. Introduction 20.1.1. Market Value Proportion Analysis, by Key Countries 20.1.2. Global Vs. Country Growth Comparison 20.2. The United States Market Analysis 20.2.1. by Grade 20.2.2. by Crop 20.2.3. by Application 20.3. Canada Market Analysis 20.3.1. by Grade 20.3.2. by Crop 20.3.3. by Application 20.4. Mexico Market Analysis 20.4.1. by Grade 20.4.2. by Crop 20.4.3. by Application 20.5. Brazil Market Analysis 20.5.1. by Grade 20.5.2. by Crop 20.5.3. by Application 20.6. Germany Market Analysis 20.6.1. by Grade 20.6.2. by Crop 20.6.3. by Application 20.7. Italy Market Analysis 20.7.1. by Grade 20.7.2. by Crop 20.7.3. by Application 20.8. France Market Analysis 20.8.1. by Grade 20.8.2. by Crop 20.8.3. by Application 20.9. The United Kingdom Market Analysis 20.9.1. by Grade 20.9.2. by Crop 20.9.3. by Application 20.10. Spain Market Analysis 20.10.1. by Grade 20.10.2. by Crop 20.10.3. by Application 20.11. Russia Market Analysis 20.11.1. by Grade 20.11.2. by Crop 20.11.3. by Application 20.12. China Market Analysis 20.12.1. by Grade 20.12.2. by Crop 20.12.3. by Application 20.13. Japan Market Analysis 20.13.1. by Grade 20.13.2. by Crop 20.13.3. by Application 20.14. S. Korea Market Analysis 20.14.1. by Grade 20.14.2. by Crop 20.14.3. by Application 20.15. India Market Analysis 20.15.1. by Grade 20.15.2. by Crop 20.15.3. by Application 20.16. ASEAN Market Analysis 20.16.1. by Grade 20.16.2. by Crop 20.16.3. by Application 20.17. Australia and New Zealand Market Analysis 20.17.1. by Grade 20.17.2. by Crop 20.17.3. by Application 20.18. GCC Countries Market Analysis 20.18.1. by Grade 20.18.2. by Crop 20.18.3. by Application 20.19. Türkiye Market Analysis 20.19.1. by Grade 20.19.2. by Crop 20.19.3. by Application 20.20. Northern Africa Market Analysis 20.20.1. by Grade 20.20.2. by Crop 20.20.3. by Application 20.21. South Africa Market Analysis 20.21.1. by Grade 20.21.2. by Crop 20.21.3. by Application 21. Market Structure Analysis 21.1. Market Analysis by Tier of Companies Market Concentration 21.2. Market Share Analysis of Top Players 21.3. Market Presence Analysis 21.3.1. by Grade Footprint of Players 21.3.2. by Regional Footprint of Players 22. Competition Analysis 22.1. Competition Dashboard 22.2. Competition Benchmarking 22.3. Competition Deep Dive 22.3.1. Nutrien Ltd. 22.3.1.1. Overview 22.3.1.2. Grade Portfolio 22.3.1.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.1.4. Sales Footprint 22.3.1.5. Strategy Overview 22.3.2. The Mosiac Company 22.3.2.1. Overview 22.3.2.2. Grade Portfolio 22.3.2.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.2.4. Sales Footprint 22.3.2.5. Strategy Overview 22.3.3. K+S KALI GmbH 22.3.3.1. Overview 22.3.3.2. Grade Portfolio 22.3.3.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.3.4. Sales Footprint 22.3.3.5. Strategy Overview 22.3.4. Israel Chemicals Ltd 22.3.4.1. Overview 22.3.4.2. Grade Portfolio 22.3.4.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.4.4. Sales Footprint 22.3.4.5. Strategy Overview 22.3.5. EuroChem 22.3.5.1. Overview 22.3.5.2. Grade Portfolio 22.3.5.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.5.4. Sales Footprint 22.3.5.5. Strategy Overview 22.3.6. Uralkali 22.3.6.1. Overview 22.3.6.2. Grade Portfolio 22.3.6.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.6.4. Sales Footprint 22.3.6.5. Strategy Overview 22.3.7. JSC Belaruskali 22.3.7.1. Overview 22.3.7.2. Grade Portfolio 22.3.7.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.7.4. Sales Footprint 22.3.7.5. Strategy Overview 22.3.8. SQM S.A. 22.3.8.1. Overview 22.3.8.2. Grade Portfolio 22.3.8.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.8.4. Sales Footprint 22.3.8.5. Strategy Overview 22.3.9. Intrepid Potash, Inc. 22.3.9.1. Overview 22.3.9.2. Grade Portfolio 22.3.9.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.9.4. Sales Footprint 22.3.9.5. Strategy Overview 22.3.10. Arab Potash Company 22.3.10.1. Overview 22.3.10.2. Grade Portfolio 22.3.10.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.10.4. Sales Footprint 22.3.10.5. Strategy Overview 22.3.11. IMC Global Inc. 22.3.11.1. Overview 22.3.11.2. Grade Portfolio 22.3.11.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.11.4. Sales Footprint 22.3.11.5. Strategy Overview 22.3.12. Sinofert Holdings 22.3.12.1. Overview 22.3.12.2. Grade Portfolio 22.3.12.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.12.4. Sales Footprint 22.3.12.5. Strategy Overview 22.3.13. CF Industries Holdings 22.3.13.1. Overview 22.3.13.2. Grade Portfolio 22.3.13.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.13.4. Sales Footprint 22.3.13.5. Strategy Overview 22.3.14. Potash Corporation of Saskatchwan Inc. 22.3.14.1. Overview 22.3.14.2. Grade Portfolio 22.3.14.3. Profitability by Market Segments (Grade/Channel/Region) 22.3.14.4. Sales Footprint 22.3.14.5. Strategy Overview 23. Assumptions and Acronyms Used 24. Research Methodology
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List of Tables
Table 01: Global Market Size (US$ million) and Volume (Kilo Tons) Forecast by Crop, 2018 to 2033 Table 02: Global Market Size (US$ million) and Volume (Kilo Tons) Forecast by Grade, 2018 to 2033 Table 03: Global Market Size (US$ million) and Volume (Kilo Tons) Forecast by Application, 2018 to 2033 Table 04: Global Market Size (US$ million) and Volume (Kilo Tons) Forecast by Region, 2018 to 2033 Table 05: North America Market Size (US$ million) and Volume (Kilo Tons) Forecast by Crop, 2018 to 2033 Table 06: North America Market Size (US$ million) and Volume (Kilo Tons) Forecast by Grade, 2018 to 2033 Table 07: North America Market Size (US$ million) and Volume (Kilo Tons) Forecast by Application, 2018 to 2033 Table 08: North America Market Size (US$ million) and Volume (Kilo Tons) Forecast by Country, 2018 to 2033 Table 09: Latin America Market Size (US$ million) and Volume (Kilo Tons) Forecast by Crop, 2018 to 2033 Table 10: Latin America Market Size (US$ million) and Volume (Kilo Tons) Forecast by Grade, 2018 to 2033 Table 11: Latin America Market Size (US$ million) and Volume (Kilo Tons) Forecast by Application, 2018 to 2033 Table 12: Latin America Market Size (US$ million) and Volume (Tons) Forecast by Country, 2018 to 2033 Table 13: Europe Market Size (US$ million) and Volume (Kilo Tons) Forecast by Crop, 2018 to 2033 Table 14: Europe Market Size (US$ million) and Volume (Kilo Tons) Forecast by Grade, 2018 to 2033 Table 15: Europe Market Size (US$ million) and Volume (Kilo Tons) Forecast by Application, 2018 to 2033 Table 16: Europe Market Size (US$ million) and Volume (Tons) Forecast by Country, 2018 to 2033 Table 17: East Asia Market Size (US$ million) and Volume (Kilo Tons) Forecast by Crop, 2018 to 2033 Table 18: East Asia Market Size (US$ million) and Volume (Kilo Tons) Forecast by Grade, 2018 to 2033 Table 19: East Asia Market Size (US$ million) and Volume (Kilo Tons) Forecast by Application, 2018 to 2033 Table 20: East Asia Market Size (US$ million) and Volume (Kilo Tons) Forecast by Country, 2018 to 2033 Table 21: South Asia Market Size (US$ million) and Volume (Kilo Tons) Forecast by Crop, 2018 to 2033 Table 22: South Asia Market Size (US$ million) and Volume (Kilo Tons) Forecast by Grade, 2018 to 2033 Table 23: South Asia Market Size (US$ million) and Volume (Kilo Tons) Forecast by Application, 2018 to 2033 Table 24: South Asia Market Size (US$ million) and Volume (Kilo Tons) Forecast by Country, 2018 to 2033 Table 25: Oceania Market Size (US$ million) and Volume (Kilo Tons) Forecast by Crop, 2018 to 2033 Table 26: Oceania Market Size (US$ million) and Volume (Kilo Tons) Forecast by Grade, 2018 to 2033 Table 27: Oceania Market Size (US$ million) and Volume (Kilo Tons) Forecast by Application, 2018 to 2033 Table 28: Oceania Market Size (US$ million) and Volume (Kilo Tons) Forecast by Country, 2018 to 2033 Table 29: Middle East & Africa Market Size (US$ million) and Volume (Kilo Tons) Forecast by Crop, 2018 to 2033 Table 30: Middle East & Africa Market Size (US$ million) and Volume (Kilo Tons) Forecast by Grade, 2018 to 2033 Table 31: Middle East & Africa Market Size (US$ million) and Volume (Kilo Tons) Forecast by Application, 2018 to 2033 Table 32: Middle East & Africa Market Size (US$ million) and Volume (Kilo Tons) Forecast by Country, 2018 to 2033
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Figure 01: Global Market Value (US$ million) Historical Data and Forecast 2018 to 2033 Figure 02: Global Market Absolute $ Opportunity Analysis, 2018 to 2033 Figure 03: Global Market Historical Volume (KT), 2017 to 2022 Figure 04: Global Market Volume (KT) Forecast, 2023 to 2033 Figure 05: Global Demand-Supply Analysis (KT) Figure 06: Global Market Share and BPS Analysis by Crop, 2023 to 2033 Figure 07: Global Market Y-o-Y Growth by Crop, 2023 to 2033 Figure 08: Global Market Absolute $ Opportunity by Cereals Segment, 2018 to 2033 Figure 09: Global Market Absolute $ Opportunity by Oilseeds Segment, 2018 to 2033 Figure 10: Global Market Absolute $ Opportunity by Fiber and Sugar Segment, 2018 to 2033 Figure 11: Global Market Absolute $ Opportunity by Fruits & Vegetables Segment, 2018 to 2033 Figure 12: Global Market Absolute $ Opportunity by Others Segment, 2018 to 2033 Figure 13: Global Market Attractiveness Analysis by Crop, 2023 to 2033 Figure 14: Global Market Share and BPS Analysis by Grade, 2023 to 2033 Figure 15: Global Market Y-o-Y Growth by Grade, 2023 to 2033 Figure 16: Global Market Absolute $ Opportunity by Agriculture Segment, 2018 to 2033 Figure 17: Global Market Absolute $ Opportunity by Chemical/Industrial Segment, 2018 to 2033 Figure 18: Global Market Attractiveness Analysis by Grade, 2023 to 2033 Figure 19: Global Market Share and BPS Analysis by Application, 2023 to 2033 Figure 20: Global Market Y-o-Y Growth by Application, 2023 to 2033 Figure 21: Global Market Absolute $ Opportunity by Agriculture Segment, 2018 to 2033 Figure 22: Global Market Absolute $ Opportunity by Deicer Segment, 2018 to 2033 Figure 23: Global Market Absolute $ Opportunity by Water Softeners Segment, 2018 to 2033 Figure 24: Global Market Absolute $ Opportunity by Industrial Segment, 2018 to 2033 Figure 25: Global Market Absolute $ Opportunity by Others Segment, 2018 to 2033 Figure 26: Global Market Attractiveness Analysis by Application, 2023 to 2033 Figure 27: Global Market Share and BPS Analysis by Region, 2023 to 2033 Figure 28: Global Market Y-o-Y Growth by Region, 2023 to 2033 Figure 29: North America Market Absolute $ Opportunity, 2018 to 2033 Figure 30: Latin America Market Absolute $ Opportunity, 2018 to 2033 Figure 31: Europe Market Absolute $ Opportunity, 2018 to 2033 Figure 32: East Asia Market Absolute $ Opportunity, 2018 to 2033 Figure 33: South Asia Market Absolute $ Opportunity, 2018 to 2033 Figure 34: Oceania Market Absolute $ Opportunity, 2018 to 2033 Figure 35: Middle East & Africa Market Absolute $ Opportunity, 2018 to 2033 Figure 36: Global Market Attractiveness Analysis by Region, 2023 to 2033 Figure 37: North America Market Share and BPS Analysis by Crop, 2023 to 2033 Figure 38: North America Market Y-o-Y Growth by Crop, 2023 to 2033 Figure 39: North America Market Attractiveness Analysis by Crop, 2023 to 2033 Figure 40: North America Market Share and BPS Analysis by Grade, 2023 to 2033 Figure 41: North America Market Y-o-Y Growth by Grade, 2023 to 2033 Figure 42: North America Market Attractiveness Analysis by Grade, 2023 to 2033 Figure 43: North America Market Share and BPS Analysis by Application, 2023 to 2033 Figure 44: North America Market Y-o-Y Growth by Application, 2023 to 2033 Figure 45: North America Market Attractiveness Analysis by Application, 2023 to 2033 Figure 46: North America Market Share and BPS Analysis by Country, 2023 to 2033 Figure 47: North America Market Y-o-Y Growth by Country, 2023 to 2033 Figure 48: North America Market Attractiveness Analysis by Country, 2023 to 2033 Figure 49: Latin America Market Share and BPS Analysis by Crop, 2023 to 2033 Figure 50: Latin America Market Y-o-Y Growth by Crop, 2023 to 2033 Figure 51: Latin America Market Attractiveness Analysis by Crop, 2023 to 2033 Figure 52: Latin America Market Share and BPS Analysis by Grade, 2023 to 2033 Figure 53: Latin America Market Y-o-Y Growth by Grade, 2023 to 2033 Figure 54: Latin America Market Attractiveness Analysis by Grade, 2023 to 2033 Figure 55: Latin America Market Share and BPS Analysis by Application, 2023 to 2033 Figure 56: Latin America Market Y-o-Y Growth by Application, 2023 to 2033 Figure 57: Latin America Market Attractiveness Analysis by Application, 2023 to 2033 Figure 58: Latin America Market Share and BPS Analysis by Country, 2023 to 2033 Figure 59: Latin America Market Y-o-Y Growth by Country, 2023 to 2033 Figure 60: Latin America Market Attractiveness Analysis by Country, 2023 to 2033 Figure 61: Europe Market Share and BPS Analysis by Crop, 2023 to 2033 Figure 62: Europe Market Y-o-Y Growth by Crop, 2023 to 2033 Figure 63: Europe Market Attractiveness Analysis by Crop, 2023 to 2033 Figure 64: Europe Market Share and BPS Analysis by Grade, 2023 to 2033 Figure 65: Europe Market Y-o-Y Growth by Grade, 2023 to 2033 Figure 66: Europe Market Attractiveness Analysis by Grade, 2023 to 2033 Figure 67: Europe Market Share and BPS Analysis by Application, 2023 to 2033 Figure 68: Europe Market Y-o-Y Growth by Application, 2023 to 2033 Figure 69: Europe Market Attractiveness Analysis by Application, 2023 to 2033 Figure 70: Europe Market Share and BPS Analysis by Country, 2023 to 2033 Figure 71: Europe Market Y-o-Y Growth by Country, 2023 to 2033 Figure 72: Europe Market Attractiveness Analysis by Country, 2023 to 2033 Figure 73: East Asia Market Share and BPS Analysis by Crop, 2023 to 2033 Figure 74: East Asia Market Y-o-Y Growth by Crop, 2023 to 2033 Figure 75: East Asia Market Attractiveness Analysis by Crop, 2023 to 2033 Figure 76: East Asia Market Share and BPS Analysis by Grade, 2023 to 2033 Figure 77: East Asia Market Y-o-Y Growth by Grade, 2023 to 2033 Figure 78: East Asia Market Attractiveness Analysis by Grade, 2023 to 2033 Figure 79: East Asia Market Share and BPS Analysis by Application, 2023 to 2033 Figure 80: East Asia Market Y-o-Y Growth by Application, 2023 to 2033 Figure 81: East Asia Market Attractiveness Analysis by Application, 2023 to 2033 Figure 82: East Asia Market Share and BPS Analysis by Country, 2023 to 2033 Figure 83: East Asia Market Y-o-Y Growth by Country, 2023 to 2033 Figure 84: East Asia Market Attractiveness Analysis by Country, 2023 to 2033 Figure 85: South Asia Market Share and BPS Analysis by Crop, 2023 to 2033 Figure 86: South Asia Market Y-o-Y Growth by Crop, 2023 to 2033 Figure 87: South Asia Market Attractiveness Analysis by Crop, 2023 to 2033 Figure 88: South Asia Market Share and BPS Analysis by Grade, 2023 to 2033 Figure 89: South Asia Market Y-o-Y Growth by Grade, 2023 to 2033 Figure 90: South Asia Market Attractiveness Analysis by Grade, 2023 to 2033 Figure 91: South Asia Market Share and BPS Analysis by Application, 2023 to 2033 Figure 92: South Asia Market Y-o-Y Growth by Application, 2023 to 2033 Figure 93: South Asia Market Attractiveness Analysis by Application, 2023 to 2033 Figure 94: South Asia Market Share and BPS Analysis by Country, 2023 to 2033 Figure 95: South Asia Market Y-o-Y Growth by Country, 2023 to 2033 Figure 96: South Asia Market Attractiveness Analysis by Country, 2023 to 2033 Figure 97: Oceania Market Share and BPS Analysis by Crop, 2023 to 2033 Figure 98: Oceania Market Y-o-Y Growth by Crop, 2023 to 2033 Figure 99: Oceania Market Attractiveness Analysis by Crop, 2023 to 2033 Figure 100: Oceania Market Share and BPS Analysis by Grade, 2023 to 2033 Figure 101: Oceania Market Y-o-Y Growth by Grade, 2023 to 2033 Figure 102: Oceania Market Attractiveness Analysis by Grade, 2023 to 2033 Figure 103: Oceania Market Share and BPS Analysis by Application, 2023 to 2033 Figure 104: Oceania Market Y-o-Y Growth by Application, 2023 to 2033 Figure 105: Oceania Market Attractiveness Analysis by Application, 2023 to 2033 Figure 106: Oceania Market Share and BPS Analysis by Country, 2023 to 2033 Figure 107: Oceania Market Y-o-Y Growth by Country, 2023 to 2033 Figure 108: Oceania Market Attractiveness Analysis by Country, 2023 to 2033 Figure 109: Middle East & Africa Market Share and BPS Analysis by Crop, 2023 to 2033 Figure 110: Middle East & Africa Market Y-o-Y Growth by Crop, 2023 to 2033 Figure 111: Middle East & Africa Market Attractiveness Analysis by Crop, 2023 to 2033 Figure 112: Middle East & Africa Market Share and BPS Analysis by Grade, 2023 to 2033 Figure 113: Middle East & Africa Market Y-o-Y Growth by Grade, 2023 to 2033 Figure 114: Middle East & Africa Market Attractiveness Analysis by Grade, 2023 to 2033 Figure 115: Middle East & Africa Market Share and BPS Analysis by Application, 2023 to 2033 Figure 116: Middle East & Africa Market Y-o-Y Growth by Application, 2023 to 2033 Figure 117: Middle East & Africa Market Attractiveness Analysis by Application, 2023 to 2033 Figure 118: Middle East & Africa Market Share and BPS Analysis by Country, 2023 to 2033 Figure 119: Middle East & Africa Market Y-o-Y Growth by Country, 2023 to 2033 Figure 120: Middle East & Africa Market Attractiveness Analysis by Country, 2023 to 2033
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