Halide Minerals

Halide Minerals

The halide minerals primarily include minerals such as sodium chloride or halite, potassium chloride or sylvite, and fluorite which find application in agriculture and food processing alongside chemical industries. The halide minerals contain halogen elements like fluorine, chlorine, bromine, and iodine endow the minerals with this feature. Growth factors influencing this market involve higher demand for fertilizer in agriculture, rising utilization of sodium chloride in food preservation, and the evolvement of the chemical industry particularly in the developing world. Further, the transition toward clean energy and industry needs particular halides for green operations to drive up the demand.

The Halide Minerals Market is expected to grow at a robust CAGR of 4.8% during the forecast period, owing to the growing demand for fertilizers and industrial chemicals. Recent mergers and acquisitions in the halide minerals market illustrate the industry’s ongoing consolidation and expansion strategies. For instance, in January 2018, Agrium Inc. merged with Potash Corporation of Saskatchewan to form Nutrien Ltd., creating a global leader in potash production for agricultural use. Nutrien has the largest crop nutrient production portfolio combined with an unparalleled global retail distribution network that includes more than 1,500 farm retail centers. With nearly 20,000 employees – and operations and investments in 14 countries – the company is committed to providing products and services that help growers optimize crop yields and their returns.

Similarly, when the future growth of halide minerals is concerned, the future development of this market is expected to be led by the Asia-Pacific countries especially China and India as they are identified as the fastest-growing markets for this product. China’s “Made in China 2025” policy and five-year plan show government efforts to bolster domestic manufacturing to create demand for chemicals and fertilizers, Halide minerals. Indian farming strategies, such as the Pradhan Mantri Krishi Sinchai Yojana (PMKSY) of the irrigation sector, foster more use of fertilizer leading to potassium chloride demand. These countries remain keen on increasing agricultural yields and industrial development thus offering a big market for the growth of the halide minerals market to support the growing economies.

• Based on Occurrence, the Halide Minerals market is segmented into Simple Halides, Complex Halides, and Oxyhydroxy Halides. The Simple Halides segment seems to be a key player in the growth of the Halide Minerals market during the forecast period. The main application that has been driving the simple halides segment is its usage in agriculture and other industrial uses. Halite, which is sodium Chloride, and sylvite which is potassium Chloride are important in the making of fertilizers, responding to the growing demand for better crop yield that would support the ever-growing population of the world. Also, simple halides are in great demand in water treatment processes, food preservation, and chemical production. The emphasis placed on sustainable agriculture as well as optimal use of resources also stimulates the growth of this segment because these minerals are essential for soil and crop quality. The rise of industries specifically in developing nations has served to boost the sales of simple halides even further.
• Based on Application, the Halide Minerals market is divided into Food Industry, Chemical, Agriculture, and Others. The agriculture segment is expected to showcase a substantial growth rate during the forecast period. The major force behind the agriculture segment in the halide minerals market is the need for fertilizers to increase crop yield due to the increasing world population. One of the most important halide minerals, potassium chloride is used for the fertilizer purpose of providing potassium necessary for plant growth and development. The growing popularity of improved farming practices and smart agriculture also helps enhance the application of halide-based fertilizers. Further, using subsidies and support programs to ‘push’ the use of fertilizer, particularly in developing nations, farmers have been advised to start using high-quality fertilizers. The change in the farming methods for environmentally sustainable farming is another positive sign showing that halide minerals are necessary for healthy fertile lands for farming and agriculture.
• Based on Composition, the Halide Minerals market is divided into Fluorine, Bromine, Iodine, and Chlorine. Chlorine is currently the largest segment in the Halide Minerals Market. The prominent demand for chlorine in water treatment and purification in an attempt to provide the world population with safe water to drink is the primary factor that propels the chlorine segment for the market in halide minerals. Chlorine has great use in the manufacture of other chemicals including polyvinyl chloride, a raw material used in construction, and hydrochloric acid used in industrial activities hence it increases its demand. Moreover, the use of chlorine for agriculture where chlorinated produce is averagely used to protect produce as well as being an input to fertilizer. The sustained emphasis on cleanliness and austerity, especially in the developing world, coupled with the growth of other areas such as urbanization as well as industrialization has on average positively influenced the chlorine demand. Such factors combined with research and development in chlorine production have been fuelling the growth of this segment.
• For a better understanding of the market adoption of the Halide Minerals industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S.A., Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), Rest of World. APAC is the largest growth region for halide minerals owing to steady industrialization, urbanization, and a strong agrifood industry. Some of the major contributors include countries such as China that large consumer of the halide minerals for fertilizer production for improving upon agricultural yields. The region also has a high demand for chlorine and bromine products in water treatment, making chemicals, and sanitation because of the rising population and urbanization. Furthermore, global policies have adopted the policy of self-sufficiency in production forcing India’s ‘Make in India’, and China’s 2021-2025 Five-Year Plan to mine and process the halide minerals locally. Expansion of industries such as construction, automotive, and electronics enhances the prospects for the market in APAC as it is essential for the utilization of halide minerals.
• Some of the major players operating in the market include Vizag Chemical, Morton Salt Ltd., Sinochem Group Co. Ltd., K+S AG, Rio Tinto, ICL Group, Arab Potash Company, Compass Minerals International Inc., Muscat Chemical, and China National Salt Industry Corporation (CNSIC).

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