Russia Solution Mining Market Size & Outlook, 2021-2030
Russia solution mining market, 2018-2030 (US$M)
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Russia solution mining market highlights
- The Russia solution mining market generated a revenue of USD 1,337.9 million in 2021 and is expected to reach USD 1,570.1 million by 2030.
- The Russia market is expected to grow at a CAGR of 1.8% 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 1,337.9 million |
| Market revenue in 2030 | USD 1,570.1 million |
| Growth rate | 1.8% (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 | 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, Russia accounted for 6.9% 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 Europe, Russia solution mining market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Europe and is projected to reach USD 460.8 million by 2030.
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Solution Mining Market Scope
Solution Mining Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Russia 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 79.04% in 2021. Horizon Databook has segmented the Russia solution mining market based on boron, potash, magnesium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The economy of Russia contracted by 3% in 2020 owing to the COVID-19 crisis. It registered a growth rate of 4.7% in 2021. However, the economic growth of the country has been plunging in 2022 owing to new sanctions imposed on Russia by the Western countries due to its war with Ukraine. This is expected to impact the growth of the mining industry in Russia in the coming years.
According to Natural Resources Canada, Russia accounts for a share of approximately 20% of the potash reserves of the world. The largest mine of potash in the country is in Upper Kama Basin in the Perm region. Uralkali is one of the largest potash producers in Russia. The assets of the company include five mines and seven ore-treatment mills in the towns of Berezniki and Solikamsk.
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Target buyers of Russia 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 Russia solution mining market , including forecasts for subscribers. This country databook contains high-level insights into Russia solution mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia solution mining market outlook size, by product, 2018-2030 (US$M)
Russia Solution Mining Market Outlook Share, 2021 & 2030 (US$M)
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