Extracting profit: Revenue is expected to rise rapidly as polyhalite extraction is ramped up

The Chemical and Fertiliser Mineral Mining industry has been subject to volatile conditions over the past five years. Despite this, the industry has performed well, and revenue is estimated to rise at compound annual rate of 5.3% to reach £315.9 million over the five years through 2018-19. Prices have trended upwards in recent years due to controls on supply by major world producers, which is expected to support revenue growth of 8% in 2018-19, as polyhalite production picks up. However, the desire to secure sources of polyhalite, a form of potash touted as a superior fertiliser, has helped to maintain global demand for UK output.The industry is expected to undergo considerable changes both domestically and internationally over the five years through 2023-24...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Prices have increased in recent years due to controls on supply by major world producers
  • The breakdown of the cartel agreement led to an oversupply of potash in the world market
  • The industry’s reliance on exports is expected to increase significantly over the next five years
  • Industry Report - Industry Locations Chapter

    The industry's geographic spread is determined entirely by the location of economically viable mineral deposits.YorkshireIndustry output is dominated by potash mined at Cleveland Potash's Boulby potash mine in the North York Moors National Park (Yorkshire), meaning that the vast majority of industry revenue is derived from Yorkshire and the Humber. The low population density and close proximity to coastal ports make the location ideal for extracting minerals.Yorkshire's share of revenue is expected to expand significantly over the next five years, because Sirius Minerals plc is currently developing a mine in the region south of Cleveland Potash's Boulby potash mine. Res...purchase to read more.

    Additional Insights for the Chemical & Fertiliser Mineral Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Chemical & Fertiliser Mineral Mining Industry are

  • Ability to accommodate environmental requirements
  • Economies of scale
  • Access to high quality inputs
  • IBISWorld analysts also discuss how external factors such as Demand from fertiliser and nitrogen compound manufacturing and Demand from inorganic basic chemical manufacturing in the Chemical & Fertiliser Mineral Mining industry impact industry performance..

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    What's in this report

    What is the Chemical & Fertiliser Mineral Mining Industry?

    This industry covers the mining of natural phosphates, potassium salts, sulphur, barium sulphate and carbonate, borates, magnesium sulphates, earth colours, fluorspar and other minerals valued chiefly as a source of chemicals. Guano mining also falls into this category. The extraction of salt, roasting of iron pyrites and manufacture of synthetic fertilisers and nitrogen compounds are not included in the industry.

    Industry Products
  • Muriate of potash
  • Sulphate of potash
  • Baryte
  • Fluorspar
  • Industry Activities
  • Mining potash
  • Mining fluorspar
  • Mining barytes
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from fertiliser and nitrogen compound manufacturing
  • Demand from inorganic basic chemical manufacturing
  • Exchange rate - US dollar per pound
  • Fertiliser prices
  • Demand from petroleum and natural gas support activities

  • Current Performance
  • Polyhalite shift
  • Global prices
  • International demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Global market
  • Polyhalite extraction
  • Employment
  • Barytes supply
  • Table: Chemical & Fertiliser Mineral Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Chemical & Fertiliser Mineral Mining Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Inorganic Basic Chemical Manufacturing
  • Fertiliser & Nitrogen Compound Manufacturing
  • Chemical Product Manufacturing

  • Key Selling Industries
  • Construction Equipment Rental & Leasing
  • Freight Rail Transport
  • Fuel Wholesaling

  • Products & Services
  • Sulphate of potash
  • Muriate of potash
  • Baryte
  • Fluorspar
  • Chart: Chemical & Fertiliser Mineral Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Foreign fertiliser producers
  • Drilling fluid production
  • Domestic fertiliser producers
  • Inorganic chemical producers
  • Chart: Major Market Segmentation for the Chemical & Fertiliser Mineral Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Chemical & Fertiliser Mineral Mining

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Chemical & Fertiliser Mineral Mining Industry

  • Industry Globalization
    Cleveland Potash Ltd, M I Drilling Fluids UK Ltd,
  • Table: Cleveland Potash Ltd - financial performance
  • Table: M I Drilling Fluids UK Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Chemical & Fertiliser Mineral Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Chemical & Fertiliser Mineral Mining Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Also known as barite, it is a mineral consisting of barium sulphate. This is used predominantly in drilling fluids to reduce pressure during oil and gas exploration.
  • Continuous Miner
  • An underground mining machine that both removes the mineral, usually using a rotating drum, and simultaneously loads it onto cars or conveyors.
  • Fluorspar
  • Also known as fluorite, fluorspar is a halide mineral made up of calcium fluoride. It is used to manufacture pharmaceuticals and chemicals.
  • Oligopoly
  • A market controlled by a small number of firms.
  • Polyhalite
  • A mineral containing potassium, calcium, sulphur and magnesium. Due to containing no chlorine, it does not need to be chemically processed and can be used directly as an organic fertiliser.
  • Potash
  • Potassium-bearing minerals, particularly potassium chloride.
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    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
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