Europe Solution Mining Market Size & Outlook, 2021-2030
Europe solution mining market, 2018-2030 (US$M)
Related Markets
Europe solution mining market highlights
- The Europe solution mining market generated a revenue of USD 2,077.0 million in 2021.
- The market is expected to grow at a CAGR of 2.2% from 2022 to 2030.
- In terms of segment, potash was the largest revenue generating product in 2021.
- Boron is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Turkey is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 2,077.0 million |
| Market revenue in 2030 | USD 2,533.2 million |
| Growth rate | 2.2% (CAGR from 2021 to 2030) |
| Largest segment | Potash |
| Fastest growing segment | Boron |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Trona, Boron, 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, Europe region accounted for 10.7% of the global solution mining market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 2,715.1 million by 2030.
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Solution Mining Market Scope
Solution Mining Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 65.36% in 2021. Horizon Databook has segmented the Europe solution mining market based on trona, boron, potash, magnesium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Europe accounted for a share of 16.4% by volume of the solution mining market in 2021. The market in this region is projected to grow at a CAGR of 2.2% from 2022 to 2030. The growth of solution mining market in Europe can be attributed to the surging emphasis of governments of different countries of the region on the reduction of carbon emissions and adoption of sustainable mining processes.
The demand for electric vehicles (EVs) in the region is anticipated to increase in the coming years owing to the ongoing energy crisis brought on in Europe by the ongoing Russia and Ukraine war. This war has surged energy prices in the region and accelerated the energy transition away from fossil fuels.
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Target buyers of Europe solution mining market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe solution mining market , including forecasts for subscribers. This continent databook contains high-level insights into Europe solution mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe solution mining market outlook size, by country, 2018-2030 (US$M)
Europe Solution Mining Market Outlook Share, 2021 & 2030 (US$M)
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