Global Industrial Salts Market Expected To Be Valued At Around USD 16.01 Billion By 2025

As per the researchers at Zion Market Research, the global industrial salts market is anticipated to expand from around USD 13.52 billion in 2018 to around USD 16.01 billion by 2025, at about 2.9% CAGR during the forecast period. The key players active in the global industrial salts market consist of China National Salt Industry Corporation, Cargill, Dow Chemicals, ICL Fertilizers, Compass Minerals, Akzo Nobel, Tata Chemicals, and K+S Chemical Company. Few other contenders engaged in manufacturing include Maldon Crystal Salt, Artyomsol, Rio Tinto, INEOS Chemicals, Agrosal, Mitsui & Co. Ltd, Dominion Salt, Henrique Lage Salineira, Morton Salt, Shandong Dadi Salt Chemical, Dampier Salt, Kopalnia Soli Klodawa Spolka Akcyjna, Russolo, SunSalt, Irish Salt Mining Exploration, Mitsui, Salinas, Infosa, ITALKALI, Saltcor, Lluka Resources mining, Atisale, Kodawa Salt Mine, Bhavnagar Salt & Industrial Works, Hubei Shuanghuan Science Technology, Exportadora De Sal SA de CV, Dev Salt, and Cheetham Salt.

Increasing Demand For Industrial Salt Likely To Propel The Global Market Growth

The increasing need for the industrial salts in major application industries comprising oil & gas industry, highway deicing, agriculture, chemical processing, and water treatment, mainly for the production of caustic soda, soda ash, and chlorine is projected to boost the growth of the global industrial salts market during the years to come. Further, the market is anticipated to observe a considerable expansion on account of a broad array of direct uses like for agriculture & deicing applications and indirect uses comprising the chemical processing industry to get caustic soda and chlorine. Chlor-alkali division within the chemical industry is the key product consumer on account of the inaccessibility of any economic alternative for the product. In addition, the market is anticipated to expand owing to the rising technological advances relating to the manufacture of high purity salt like vacuum pan technology.

By Source, Brine Segment Is Expected To Register Considerable Growth Rate

Brine is the key resource of industrial salts as it is obtained from huge saline waters bodies or via solution mining. The rising constraints on mining activities are projected to surge the usage of brine within the application industries. It is primarily utilized in chemical processing—that is a key application industry—resulting in elevated brine demand.

Asia Pacific Projected To Dominate The Global Market During The Forecast Period

Asia Pacific is projected to rule the industrial salts market during the forecast period on account of the rising industrialization that has lead to an escalated requirement for industrial salt in budding nations comprising China and India. High consumption and usage of Chlor-alkali and the need for water treatment industries are also anticipated to drive the market expansion in this region. further, North America and Europe are also anticipated to register a considerable market share in the coming period. The elevated manufacture of industrial salt within Europe together with the existence of several local and established players is expected to drive market expansion in this region.

Browse the full “Global Industrial Salt Market Process Type (Solar Evaporation, Conventional Mining, and Vacuum Pan Evaporation), Source Type (Natural Brine and Rock Salt), Application (Agriculture, Oil & Gas, De-icing, Water Treatment, Chemical Processing, and Others) and Region –Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/industrial-salt-market

The global industrial salts market is segmented as follows:

By Source

• Brine
• Salt mines

By Product

• Rock salt
• Salt in brine
• Solar salt
• Vacuum pan salt

By Application

• Chemical processing
• Caustic soda
• Soda ash
• Chlorine
  • De-icing
  • Oil & Gas
  • Water treatment
  • Agriculture
  • Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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