Potash Market Size, Trend and Industry Analysis 2027
The compounds that contain potassium are referred to as potash. Potassium chloride (KCl), potassium nitrate (KNO3), and potassium sulfate (K2SO4) are some of the examples of potash. It contains potassium in water-soluble form. The extraction of potassium carbonate was done by leaching wood ashes and then evaporating the solution in large pots. The name potash was derived from this method of extraction. The separation of salt and other minerals from potash rocks results in availability of potash. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2789 Market Dynamics The global potash market size is expected to be valued at US$ 19 million, exhibiting a CAGR of over 4.5% over the forecast period (2019-2027). Increasing demand for fertilizers is one of the major factors driving growth of the global potash market. The demand for food is increasing globally due to increasing population and rapid urbanization. Therefore, for agricultural activities, farmers use potash-based fertilizers for healthy growth of plants. This results in increasing demand for potash, thereby driving the potash market growth. Moreover, increasing shrinking of arable land is resulting in rising demand for agricultural fertilizers to enhance the productivity and yield per hectare. This will create growth opportunities for the potash market. Moreover, potash find applications in animal feed-stocks and industrial processes. It is used as animal feed for animal growth and milk production. Also, manufacturing of ceramics, soaps, and glass uses potash. Market Outlook On the basis of region, the global potash market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific holds dominant position in the global potash market, followed by Latin America. Increasing population is one of the major factors that drive growth of the potash market in Asia Pacific region. Increased per capita food consumption and high food inflation due to