Industrial Salts - Global Market Outlook (2018-2027)
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.
• Rock Salt
• Natural Brine
Manufacturing Processes Covered:
• Solar Evaporation
• Vacuum Pan Evaporation
• Conventional Mining
• Water Treatment
• Food & Beverages
• Skins and Hides Industry
• Chemical Processing
• Freezing Point Depletion
• Oil & Gas
• Saline Solutions
• Dye Enhancer
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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