India Solution Mining Market Size & Outlook, 2021-2030
India solution mining market, 2018-2030 (US$M)
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India solution mining market highlights
- The India solution mining market generated a revenue of USD 33.6 million in 2021 and is expected to reach USD 42.9 million by 2030.
- The India market is expected to grow at a CAGR of 2.7% from 2022 to 2030.
- In terms of segment, other products 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 33.6 million |
| Market revenue in 2030 | USD 42.9 million |
| Growth rate | 2.7% (CAGR from 2021 to 2030) |
| Largest segment | Other products |
| Fastest growing segment | Magnesium |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 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, India accounted for 0.2% 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 Asia Pacific, China solution mining market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,326.6 million by 2030.
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Solution Mining Market Scope
Solution Mining Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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.
Other products was the largest segment with a revenue share of 88.99% in 2021. Horizon Databook has segmented the India solution mining market based on magnesium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
India is among the fastest-growing economies in the world. It is witnessing positive economic growth owing to the rising number of initiatives undertaken by the government of the country, including Make in India and Atmanirbhar Bharat, to promote the growth of its manufacturing and infrastructure development sectors and encourage foreign direct investments (FDIs).
In January 2021, the Government of Rajasthan (India), Mineral Exploration Corporation Limited (MECL), and Rajasthan State Mines & Minerals Limited (RSMML) signed a tripartite agreement for conducting feasibility studies related to solution mining of potash in Rajasthan, India. This will be the first solution mining site in the country.
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Target buyers of India 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 country-level data and insights on the India solution mining market , including forecasts for subscribers. This country databook contains high-level insights into India solution mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India solution mining market outlook size, by product, 2018-2030 (US$M)
India Solution Mining Market Outlook Share, 2021 & 2030 (US$M)
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