Middle East & Africa Solution Mining Market Size & Outlook
Middle East & Africa solution mining market, 2018-2030 (US$M)
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MEA solution mining market highlights
- The MEA solution mining market generated a revenue of USD 114.0 million in 2021.
- The market is expected to grow at a CAGR of 1.2% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 114.0 million |
| Market revenue in 2030 | USD 126.5 million |
| Growth rate | 1.2% (CAGR from 2021 to 2030) |
| Largest segment | Other products |
| Fastest growing segment | Magnesium |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, MEA region accounted for 0.6% 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.
Key Regions: U.S. , South Africa , Canada , Germany , Russia
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Solution Mining Market Scope
Solution Mining Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 90.61% in 2021. Horizon Databook has segmented the Middle East & Africa solution mining market based on magnesium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
In many parts of the region, governments are facing political instability, conflicts, and economic collapses, which have negatively impacted the market growth Potash is found in Morocco, Congo, Eritrea, and Ethiopia. Colluli potash project located in Eritrea is one of the lowest cost sources of sulphate potash in the world.
The product is primarily mined using solution mining. The site has the world’s largest Joint Ore Reserves Committee (JORC) compliance level. The Banio Potash Project, Congo, is another solution mining project in the region.
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Target buyers of Middle East & Africa 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 Middle East & Africa solution mining market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa solution mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA solution mining market outlook size, by country, 2018-2030 (US$M)
Middle East & Africa Solution Mining Market Outlook Share, 2021 & 2030 (US$M)
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