The Europe Potash Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 12,813.6 kilo tonnes, showcasing a growth of 4.6% (2019-2022).
The fertilizer business is the leading consumer of potash products, including the main fertilizers used currently, potassium carbonate and potassium sulphate. Potash, a primary source of potassium, is one of the three main nutrients plants need. The other two are nitrogen and phosphorus. Animal feed also uses potash; it is added to grass to boost nutrition and increase milk output. The cosmetics & personal care products industry is another significant potash consumer and market driver. Additionally, the construction industry is the leading consumer of potash, which is used for clearing snow off roadways in steep locations. Crackers and fireworks both use potash extensively.
When crops are harvested for food, potassium is removed from the soil; thus, it must be supplied to sustain crop growth in the future. It also helps improve taste, crop productivity, and plant disease resistance. Different crop types, including cereals & grains, oilseeds & pulses, and fruits & vegetables, are fertilized with it. Fertilizers made of potash come in both liquid and solid forms.
The need for caustic potash has increased in several categories, such as automotive, food grade, medicinal, agricultural, technical, etc. Numerous businesses use potassium oxide, including soaps & detergents, fertilizer, chemicals containing potassium, alkaline battery manufacturing, chemicals using potassium phosphate, etc. In addition, KOH is important for de-icing runways, refining petroleum, and balancing pH levels. KOH is used as an alkaline builder in detergent formulations, a methylating agent, a dehydrating agent for drying gases, as a grease in the extrusion pressing of high melting alloys, etc.
With a CAGR of 1.8% from 2016 to 2021, retail sales of baked products in the European Union (EU) slightly increased, reaching US$98.6 billion in 2021. Sales are anticipated to increase by 2.9% CAGR between 2021 and 2026, driven mainly through growth in Italy, the Netherlands, and Poland. Potash has a lower salt content than baking soda; thus, it has a less salty flavour and can be used instead of baking soda if an individual follows a low-sodium diet. Potash is frequently used as a stand-in for baking soda in flat pastries and dense doughs, including nuts, honey, and fruits. The market is anticipated to prosper due to this and the increased consumption of baked goods in Europe.
The Russia market dominated the Europe Potash Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.1 billion by 2030. The France market is estimated to witness a CAGR of 6.2% during (2023 - 2030). Additionally, The Germany market would showcase a CAGR of 5.2% during (2023 - 2030).
Based on Product, the market is segmented into Potassium Chloride, Potassium Nitrate, Potassium Sulphate, and Others. Based on End-use, the market is segmented into Agriculture and Non-Agriculture. Based on countries, the market is segmented into Russia, France, Germany, UK, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Potash Market is Projected to reach USD 82.6 Billion by 2030, at a CAGR of 5.4%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include The Mosaic Company, Rio Tinto PLC, Compass Minerals International, Inc., Nutrien Limited, western nutrients corporation, Yara International ASA, BHP Group Limited, Encanto Potash Corp., Red Metal Ltd., and Intrepid Potash Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Potassium Chloride
- Potassium Nitrate
- Potassium Sulphate
- Others
By End User (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Agriculture
- Non-Agriculture
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Russia
- France
- Germany
- UK
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- The Mosaic Company
- Rio Tinto PLC
- Compass Minerals International, Inc.
- Nutrien Limited
- Western nutrients corporation
- Yara International ASA
- BHP Group Limited
- Encanto Potash Corp.
- Red Metal Ltd.
- Intrepid Potash Inc.
TABLE 1 Europe Potash Market, 2019 - 2022, USD Million
TABLE 2 Europe Potash Market, 2023 - 2030, USD Million
TABLE 3 Europe Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Europe Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Europe Potash Market by Product, 2019 - 2022, USD Million
TABLE 6 Europe Potash Market by Product, 2023 - 2030, USD Million
TABLE 7 Europe Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 8 Europe Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 9 Europe Potassium Chloride Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Potassium Chloride Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Potassium Chloride Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Europe Potassium Chloride Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Europe Potassium Nitrate Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Potassium Nitrate Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Potassium Nitrate Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Europe Potassium Nitrate Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Europe Potassium Sulphate Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Potassium Sulphate Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Potassium Sulphate Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Europe Potassium Sulphate Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Europe Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Europe Potash Market by End-use, 2019 - 2022, USD Million
TABLE 26 Europe Potash Market by End-use, 2023 - 2030, USD Million
TABLE 27 Europe Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 28 Europe Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 29 Europe Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Agriculture Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Europe Agriculture Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Europe Non-Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Non-Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Non-Agriculture Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Europe Non-Agriculture Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 Europe Potash Market by Country, 2019 - 2022, USD Million
TABLE 38 Europe Potash Market by Country, 2023 - 2030, USD Million
TABLE 39 Europe Potash Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Europe Potash Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Russia Potash Market, 2019 - 2022, USD Million
TABLE 42 Russia Potash Market, 2023 - 2030, USD Million
TABLE 43 Russia Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 44 Russia Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 45 Russia Potash Market by Product, 2019 - 2022, USD Million
TABLE 46 Russia Potash Market by Product, 2023 - 2030, USD Million
TABLE 47 Russia Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 48 Russia Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 49 Russia Potash Market by End-use, 2019 - 2022, USD Million
TABLE 50 Russia Potash Market by End-use, 2023 - 2030, USD Million
TABLE 51 Russia Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 52 Russia Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 53 France Potash Market, 2019 - 2022, USD Million
TABLE 54 France Potash Market, 2023 - 2030, USD Million
TABLE 55 France Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 56 France Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 57 France Potash Market by Product, 2019 - 2022, USD Million
TABLE 58 France Potash Market by Product, 2023 - 2030, USD Million
TABLE 59 France Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 60 France Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 61 France Potash Market by End-use, 2019 - 2022, USD Million
TABLE 62 France Potash Market by End-use, 2023 - 2030, USD Million
TABLE 63 France Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 64 France Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 65 Germany Potash Market, 2019 - 2022, USD Million
TABLE 66 Germany Potash Market, 2023 - 2030, USD Million
TABLE 67 Germany Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 68 Germany Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 69 Germany Potash Market by Product, 2019 - 2022, USD Million
TABLE 70 Germany Potash Market by Product, 2023 - 2030, USD Million
TABLE 71 Germany Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 72 Germany Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 73 Germany Potash Market by End-use, 2019 - 2022, USD Million
TABLE 74 Germany Potash Market by End-use, 2023 - 2030, USD Million
TABLE 75 Germany Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 76 Germany Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 77 UK Potash Market, 2019 - 2022, USD Million
TABLE 78 UK Potash Market, 2023 - 2030, USD Million
TABLE 79 UK Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 80 UK Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 81 UK Potash Market by Product, 2019 - 2022, USD Million
TABLE 82 UK Potash Market by Product, 2023 - 2030, USD Million
TABLE 83 UK Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 84 UK Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 85 UK Potash Market by End-use, 2019 - 2022, USD Million
TABLE 86 UK Potash Market by End-use, 2023 - 2030, USD Million
TABLE 87 UK Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 88 UK Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 89 Spain Potash Market, 2019 - 2022, USD Million
TABLE 90 Spain Potash Market, 2023 - 2030, USD Million
TABLE 91 Spain Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 92 Spain Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 93 Spain Potash Market by Product, 2019 - 2022, USD Million
TABLE 94 Spain Potash Market by Product, 2023 - 2030, USD Million
TABLE 95 Spain Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 96 Spain Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 97 Spain Potash Market by End-use, 2019 - 2022, USD Million
TABLE 98 Spain Potash Market by End-use, 2023 - 2030, USD Million
TABLE 99 Spain Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 100 Spain Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 101 Italy Potash Market, 2019 - 2022, USD Million
TABLE 102 Italy Potash Market, 2023 - 2030, USD Million
TABLE 103 Italy Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 104 Italy Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 105 Italy Potash Market by Product, 2019 - 2022, USD Million
TABLE 106 Italy Potash Market by Product, 2023 - 2030, USD Million
TABLE 107 Italy Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 108 Italy Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 109 Italy Potash Market by End-use, 2019 - 2022, USD Million
TABLE 110 Italy Potash Market by End-use, 2023 - 2030, USD Million
TABLE 111 Italy Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 112 Italy Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 113 Rest of Europe Potash Market, 2019 - 2022, USD Million
TABLE 114 Rest of Europe Potash Market, 2023 - 2030, USD Million
TABLE 115 Rest of Europe Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 116 Rest of Europe Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 117 Rest of Europe Potash Market by Product, 2019 - 2022, USD Million
TABLE 118 Rest of Europe Potash Market by Product, 2023 - 2030, USD Million
TABLE 119 Rest of Europe Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 120 Rest of Europe Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 121 Rest of Europe Potash Market by End-use, 2019 - 2022, USD Million
TABLE 122 Rest of Europe Potash Market by End-use, 2023 - 2030, USD Million
TABLE 123 Rest of Europe Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 124 Rest of Europe Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 125 Key Information – The Mosaic Company
TABLE 126 key Information – Rio Tinto PLC
TABLE 127 Key Information – Compass Minerals International, Inc.
TABLE 128 Key Information – Nutrien Limited
TABLE 129 Key Information – Western Nutrients Corporation
TABLE 130 Key Information – Yara International ASA
TABLE 131 Key Information – BHP Group Limited
TABLE 132 Key Information – Encanto Potash Corp.
TABLE 133 Key Information – Intrepid Potash Inc,
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Potash Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Potash Market
FIG 4 Porter’s Five Forces Analysis – Potash Market
FIG 5 Europe Potash Market share by Product, 2022
FIG 6 Europe Potash Market share by Product, 2030
FIG 7 Europe Potash Market by Product, 2019 - 2030, USD Million
FIG 8 Europe Potash Market share by End-use, 2022
FIG 9 Europe Potash Market share by End-use, 2030
FIG 10 Europe Potash Market by End-use, 2019 - 2030, USD Million
FIG 11 Europe Potash Market share by Country, 2022
FIG 12 Europe Potash Market share by Country, 2030
FIG 13 Europe Potash Market by Country, 2019 - 2030, USD Million
FIG 14 Swot Analysis: The Mosaic Company
FIG 15 Swot Analysis: Rio Tinto PLC
FIG 16 Swot Analysis: Compass Minerals International, Inc.
FIG 17 Swot Analysis: Nutrien Limited
FIG 18 Swot Analysis: Western Nutrients Corporation
FIG 19 Swot Analysis: Yara International ASA
FIG 20 Swot Analysis: BHP Group Limited
FIG 21 Swot Analysis: Encanto Potash Corp.
FIG 22 Swot Analysis: Red Metal Limited
FIG 23 Swot Analysis: Intrepid Potash Inc.