Industrial Salts Market

Industrial Salts - Global Market Outlook (2018-2027)

4.2 (26 reviews)
Published: January 2020 ID: SMRC18723
4.2 (26 reviews)
Published: January 2020 ID: SMRC18723

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Industrial Salts Market accounted for $13.05 billion in 2018 and is expected to reach $19.90 billion by 2027 growing at a CAGR of 4.8% during the forecast period. Plentiful accessibility of salt reserves and their cost-viability, increasing relevance of industrial salt in various applications and absence of good substitutes are the factors driving the market growth. However, ecological and health concerns over the usage of salt in some applications may hinder the market growth.
Sodium Chloride used for various industrial applications such as chemical processing, de-icing, oil and gas, water treatment, agriculture etc. are known as industrial salts. Unlike the refined salt that most households use for cooking purposes, this salt is unrefined.

By Source, Rock Salt segment is likely to have a huge demand during the forecast period due to the enormous accessibility of reserves of salt in salt mines. Based on geography, Asia-Pacific is going to have a lucrative growth during the forecast period owing to the growing requirement for industrial salts from the region. In addition, the developments of the chlor-alkali industry, as well as an expanding figure of water treatment plants, are also fueling the growth of the industrial salts market in this region.

Some of the key players profiled in the Industrial Salts Market include Tata Chemicals Ltd, Cargill Inc, Mitsui & Co Ltd, CK Life Sciences International Holdings Inc, China National Salt Industry Corporation, Compass Minerals International Inc, Ineos Group Holdings S.A., K+S AG, Rio Tinto PLC, Akzonobel N.V., Exportadora De Sal De C.V., Irish Salt Mining & Exploration Co Ltd, Swiss Saltworks AG, Donald Brown Group, and Salins Group. 

Sources Covered:
• Rock Salt
• Natural Brine
Manufacturing Processes Covered:
• Solar Evaporation
• Vacuum Pan Evaporation
• Conventional Mining

Applications Covered:
• Water Treatment
• Food & Beverages
• Skins and Hides Industry
• Chemical Processing
• Pharmaceutical
• Freezing Point Depletion
• Oil & Gas
• De-Icing
• Saline Solutions
• Agriculture
• Filler
• Dye Enhancer
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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