South Africa Solution Mining Market Size & Outlook
South Africa solution mining market, 2018-2030 (US$M)
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South Africa solution mining market highlights
- The South Africa solution mining market generated a revenue of USD 4.2 million in 2021 and is expected to reach USD 5.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.1% 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 4.2 million |
| Market revenue in 2030 | USD 5.0 million |
| Growth rate | 2.1% (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
- Country-wise, Canada is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa solution mining market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5.0 million by 2030.
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Solution Mining Market Scope
Solution Mining Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 90.48% in 2021. Horizon Databook has segmented the South Africa solution mining market based on magnesium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa’s economy suffered a contraction of 6.4% in 2020. However, the country’s GDP expanded by 4.9% in 2021. The country’s industrial growth rate is expected to be sluggish in 2022 owing to political turmoil, power shortage, rising input cost, and low vaccination, which has resulted in a decline in industrial production in Q3 2022.
The country is involved in production of gold, silver, copper, salt, and sulfur. It also produces uranium, and magnesium. South Africa has no known reserves of potash and boron. The country’s mining projects for most minerals are being explored to increase its commercial viability, in order for it to take advantage of its vast reserves.
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Target buyers of South 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 country-level data and insights on the South Africa solution mining market , including forecasts for subscribers. This country databook contains high-level insights into South Africa solution mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa solution mining market outlook size, by product, 2018-2030 (US$M)
South Africa Solution Mining Market Outlook Share, 2021 & 2030 (US$M)
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