Halide minerals market A dominating halide anion, such as fluorine (F), chlorine (Cl), bromine (Br), or iodine (I), is present in halide minerals (I). These minerals have polyatomic anions and a complicated nature. The majority of the halide minerals are found in marine evaporite deposits. Fluorite, sylvite, and halite are a few of the halide minerals that are frequently used (CF2). In addition to saltwater or brine wells, halite is a significant source of sodium chloride.
While fluorite, a byproduct of the production of fertilisers, is an important source of hydrogen fluoride, sylvite is potassium chloride in its native mineral form. These minerals are utilised in a variety of industrial processes, including water softening, food additives, fertilisers, and pharmaceuticals.
Due to rising demand from its end-user sectors, the global market for halide minerals has seen significant growth. One of the key drivers of market expansion for halide minerals like potassium chloride in fertilisers is the industry’s explosive growth. Because of the rising demand for phosphate and potassium fertiliser in developing regions like Asia Pacific, the global outlook for the agrochemical industry has been improving.
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One of the most extensively used fertilisers is potassium chloride, also known as muriate of potash. Depending on the mining and recovery procedure, it might be red, pink, or white. White potash, commonly referred to as soluble potash, is mostly utilised in liquid starting fertilisers. Sylvinites are formed spontaneously when potassium chloride is mixed with halite. One of the three main minerals required for plant growth is potassium. It controls a variety of plant processes as a regulator. The agriculture sector uses KCl mostly as potash fertiliser.
Chemicals, medications, and food processing are among more uses for potassium chloride. The agrochemical industry’s growing preference for biofertilizers has led to an increase in the use of KCl for enhancing plant development.
Other minerals such halite are one of the largest inorganic raw materials, by volume which are used by the chemical industry. The major chemical products of salt caustic soda and chlorine are used for manufacturing various chemical products, both organic and inorganic. Halite is also used directly for ice and snow control, as a mineral in animal diets, as a food preservative as well as a flavoring agent.
Growing demand from the fertilizer industry is anticipated to be one of the major factors driving the demand for halide minerals such as halite and sylvite over the next few years. In addition, increasing demand for organic food has also contributed towards the rising consumption of potash fertilizers, which in turn are expected to boost the demand for KCl over the forecast period.
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However, price volatility in certain halide minerals such as potassium chloride are expected to make a severe impact on the growth of the market over the forecast period. Increasing use of halide minerals in the biofertilizers industry is expected to provide new opportunities for the growth of the market.
Agrium Inc., Arab Potash Company, Israel Chemicals Ltd. (ICL), Morton Salt, and Sinochem Lantian Co., Ltd are some of the key manufacturers of halide minerals dominating the market.
Key geographies evaluated in this report
- North America
- U.S
- Canada
- Europe
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- CIS
- APAC
- China
- India
- Japan
- Australia
- Others
- Latin America
- Argentina
- Brazil
- Others
Key features of this report
- Drivers, restraints, and challenges shaping the Halide Minerals market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Halide Minerals market estimates and forecasts (2015 -2021)
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