The Latin America, Middle East and Africa Potash Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030).In the year 2026, the LAMEA market's volume is expected to surge to 40,648.9 kilo tonnes, showcasing a growth of 5.8% (2023-2030).
Many "potassium soaps," more delicate and less common than soaps made from sodium hydroxide, are precursors to caustic potash (potassium hydroxide). Compared to sodium soaps, potassium soaps are more soluble and require less water to liquefy. Detergents and colours are also made with caustic potash. Using potash (potassium chloride) to treat hard water is an environmentally friendly practice. It reduces the overall number of chlorides discharged in sewage or septic systems because it regenerates the ion exchange resins more effectively than sodium chloride.
Granular potash (potassium carbonate), used as a flux in the production of glass, lowers the melting point of a combination. Potash is frequently utilized in eyeglasses, televisions, glassware, and computer monitors due to the remarkable clarity it provides to glass. It is an essential component of deicer products, which remove ice and snow from surfaces like highways and building entrances. While other substances can be used for this purpose, potassium chloride has the advantage of fertilizing grass and other vegetation close to treated surfaces.
Caustic Potash is a food thickener, food additive, and pH control agent in the food sector. Due to its use in the pharmaceutical and chocolate industries, the FDA regards it as a product with no risks. A strong base that interacts with grease makes KOH a helpful ingredient in drain and oven cleaners and non-phosphate detergents. KOH is also a flexible cleaning agent in creating personal care products such as soaps, liquid lotions, hairsprays, and shampoos.
Animal and pet eating habits are changing across the Middle East and Africa due to the accessibility of a wide selection of pet food. These solutions are popularized due to their favourable health effects, lengthy shelf lives, and other characteristics. Animal feed is favoured since it satisfies dietary requirements, enhances taste appeal with delicious aroma and flavour, and offers a practical alternative for dogs and animals with dental issues. Supplemental potash is added to the feed to increase the amount of nutrients, encouraging healthy animal growth. The regional market is anticipated to experience significant expansion due to the region's growing demand for animal feed, which uses potash.
The Brazil market dominated the LAMEA Potash Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.8 billion by 2030. The Argentina market is estimated to grow at a CAGR of 4.9% during (2023 - 2030). Additionally, The South Africa market would register a CAGR of 5.8% 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 Brazil, Argentina, South Africa, Nigeria, Morocco, Chile, and Rest of LAMEA.
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.
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
By End User (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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