Turkey Solution Mining Market Size & Outlook, 2021-2030
Turkey solution mining market, 2018-2030 (US$M)
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Turkey solution mining market highlights
- The Turkey solution mining market generated a revenue of USD 317.9 million in 2021 and is expected to reach USD 460.8 million by 2030.
- The Turkey market is expected to grow at a CAGR of 4.2% from 2022 to 2030.
- In terms of segment, magnesium was the largest revenue generating product in 2021.
- Boron 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 317.9 million |
| Market revenue in 2030 | USD 460.8 million |
| Growth rate | 4.2% (CAGR from 2021 to 2030) |
| Largest segment | Magnesium |
| Fastest growing segment | Boron |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Trona, Boron, 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, Turkey accounted for 1.6% 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 |
|---|
Turkey 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.
Magnesium was the largest segment with a revenue share of 51.05% in 2021. Horizon Databook has segmented the Turkey solution mining market based on trona, boron, magnesium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Istanbul Technical University, the country has approximately 3.30 billion tons of boron reserves in 2021. The global boron production capacity is approximately 5.7 million tons, while approximately 2.7 million tons is contributed to this by Turkey.
Turkey has the second largest trona reserve in the world The trona reserve bed is found in Beypazari and Kazan districts of Ankara. According to Kazan Soda, Kazan and Beypazari districts have 1.63 billion tons of and 245 million tons, respectively of trona in 2020. Eti Soda and Kazan Soda are two companies, which use solution mining to extract trona from these districts.
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Target buyers of Turkey 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 Turkey solution mining market , including forecasts for subscribers. This country databook contains high-level insights into Turkey solution mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey solution mining market outlook size, by product, 2018-2030 (US$M)
Turkey Solution Mining Market Outlook Share, 2021 & 2030 (US$M)
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