Canada Solution Mining Market Size & Outlook, 2021-2030
Canada solution mining market, 2018-2030 (US$M)
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Canada solution mining market highlights
- The Canada solution mining market generated a revenue of USD 8,885.4 million in 2021 and is expected to reach USD 10,386.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 1.7% from 2022 to 2030.
- In terms of segment, potash was the largest revenue generating product in 2021.
- Magnesium is the most lucrative product segment registering the fastest growth during the forecast period.
Solution mining market data book summary
| Market revenue in 2021 | USD 8,885.4 million |
| Market revenue in 2030 | USD 10,386.5 million |
| Growth rate | 1.7% (CAGR from 2021 to 2030) |
| Largest segment | Potash |
| Fastest growing segment | Magnesium |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Potash, Magnesium, Other Products |
| Key market players worldwide | 5E Advanced Materials Inc, Nutrien Ltd, Vale SA ADR, Intrepid Potash Inc, Nemag, The Mosaic Co |
Other key industry trends
- In terms of revenue, Canada accounted for 45.9% of the global solution mining market in 2021.
- Country-wise, Canada is expected to lead the global market in terms of revenue in 2030.
- In North America, Canada solution mining market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,680.9 million by 2030.
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Solution Mining Market Scope
Solution Mining Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada solution mining market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solution mining market will help companies and investors design strategic landscapes.
Potash was the largest segment with a revenue share of 97.23% in 2021. Horizon Databook has segmented the Canada solution mining market based on potash, magnesium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is the leading consumer in the solution mining market in North America and the leading producer of potash. The country is trying to develop clean and sustainable ways to extract minerals that are expected to propel investment in solution mining technology over the forecast period.
The solution mines in Canada are concentrated in states such as Alberta, Ontario, Saskatchewan, and Nova Scotia. Potash is mainly mined through solution mining in Canada. The major companies which use solution mining are Compass Minerals Canada Corporation, K+S Windsor Salt Ltd., Jarodon Resources Ltd, Tiger Calcium Services Inc., and Calcium Incorporated.
The Canadian government took an important step in 2019 with the launch of the Canadian Minerals and Metals Plan (CMMP), released on March 1, 2020, to achieve the goal of becoming one of the largest mining countries in the world.
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Our clientele includes a mix of solution mining market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada solution mining market , including forecasts for subscribers. This country databook contains high-level insights into Canada solution mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada solution mining market outlook size, by product, 2018-2030 (US$M)
Canada Solution Mining Market Outlook Share, 2021 & 2030 (US$M)
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