The Global Halide Minerals Market size is forecast to grow at a CAGR of 5.8% over the next decade, with the Asia Pacific and Europe being highly competitive markets. In particular, China dominates the demand for halide mineral products in both regions. The country's high population density and agricultural sector are key reasons for this trend.
Halide Minerals are a group of rock-forming inorganic compounds made up of the elements hydrogen, carbon, bromine, chlorine, and iodine. Halides can be found naturally in seawater but they also form when halogens get into water or soil due to pollution for instance. They accumulate on mineral surfaces where they stabilize soils and help plants absorb nutrients more easily.
The most common types of halides include fluorite (CaF), calcite (CaCO), and gypsum ((CaSO). These three minerals are used extensively as source materials for industrial processes such as titanium dioxide pigment production - traditionally done by reacting low purity calcium chloride with sulfuric acid to produce a crop of CaSO.
On the basis of Type, the market is segmented into Fluorite, Calcite, and Gypsum. The Fluorine Halide segment is the largest in terms of market share owing to its large usage as a fertilizer for soil agriculture.
Fluorite is a mineral made up of calcium and fluorine. It's the most common halide mineral found on Earth, but it's still rare because it takes a lot of time for nature to make this one.
Calcite is a mineral with the chemical formula CaCO₃. It has been used by humans throughout history as an important construction and artwork material, but it also occurs in nature where it can be mined or quarried for use elsewhere. Calcite's name derives from "calx" - a Latin word for lime (CaO) which was known to vitrify into this form of limestone when heated sufficiently. The term calcite comes from the Latin calx meaning lime; its systematic name is calcium carbonate.
Gypsum is a soft mineral that is mainly composed of calcium sulfate dihydrate. It appears as white, brittle crystals and has a chemical composition that includes the following: CaSO42-H20. The word gypsum comes from the Greek word for plaster, γύψος (gypso), because it was used to create casts of plants and animals in ancient times – this use gave rise to its common name plaster of Paris or just “plaster”. Gypsum can also be found naturally on Earth due to erosion by wind and water.
On the basis of Application, the market is segmented into Agriculture, Chemicals, Pharmaceuticals, Food Processing.
The use of halide minerals in agriculture is usually restricted to soil fertilizers and crop protection. In the former category, GHPs are applied as phosphate or nitrate fertilizers that provide NPK (nitrogen, phosphorus & potassium) for plant nutrition. Halides are also used as auxiliaries: they promote chemical processes underlying desalination and water extraction from underground; prevent corrosion during natural gas storage operations; serve as a disinfectant against bacteria and fungus activity in wastewater treatment plants.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. APAC will grow at a faster rate than the global average during this time frame due to increased population and agricultural activities coupled with dwindling arable land in some countries such as India and China that have led to a higher need for fertilizers.
The North American region will account for a market share of around 34% by 2028, due to high consumption levels coupled with favorable subsidies in some countries such as the USA and Canada that have led to higher production which is expected to drive demand during this time frame. The European region's shares are anticipated to decline at an annualized rate of -0.84% over 2018–2028; however, it will still be accounted for close to 19% of total regional demand by year-end 2028 primarily because fertilizer usage has been on the rise in recent years owing largely from large population base along with economic expansion observed across regions.
Up Market Research published a new report titled “Halide Minerals Market research report which is segmented by Types (F, Cl, Br, I), By Applications (Agriculture, Chemicals, Pharmaceuticals, Food processing), By Players/Companies Nutrien, Arab Potash Company, Israel Chemicals Ltd., Morton Salt, Sinochem Lantian Co., Ltd”.
|Report Attributes||Report Details|
|Report Title||Halide Minerals Market Research Report|
|By Type||F, Cl, Br, I|
|By Application||Agriculture, Chemicals, Pharmaceuticals, Food processing|
|By Companies||Nutrien, Arab Potash Company, Israel Chemicals Ltd., Morton Salt, Sinochem Lantian Co., Ltd|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||222|
|Number of Tables & Figures||156|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type F, Cl, Br, I and By Application Agriculture, Chemicals, Pharmaceuticals, Food processing.
Some of the companies that are profiled in this report are:
Halide Minerals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Halide Minerals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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