Global Industrial Salts Market, By Source (Brine, Salt Mines), Product (Rock Salt, Salt in Brine, Solar Salt, Vacuum Pan Salt), Application (Chemical Processing, De-Icing, Oil and Gas, Water Treatment Agriculture, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Industrial salts Market
Industrial salts market size is valued at USD 22.9 billion by 2028 and is expected to grow at a compound annual growth rate of 5.50% for the forecast period of 2021 to 2028. Data Bridge Market Research report on industrial salts market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The industrial salts are also known as sodium chloride which is recognized ionic salts and exist as white crystalline solids that are used in various industrial verticals such as water treatment, oil & gas and road de-icing. The thermal conductivity of sodium chloride decreases with ever-increasing temperature and also decreases with doping.
The growing demand for industrial salts from various end-use industries such as oil and gas, road de-icing, agriculture, chemical processing for production of caustic soda and chlorine and water treatment has highly influenced growth of the industrial salts market. In line with this, the high growth of application areas of industrial salt is also acting as a key determinant favoring the growth of the industrial salts market over the forecast period of 2021 to 2028. Also the, cost-effective and abundant availability of salt reserves as well as increasing technological innovations pertaining to the production of high purity salt are also positively impacting the growth of the industrial salts market. The major factor accountable for the growth of the market is the growing demand for industrial salts from chlor-alkali chemical industry, due to unavailability of any economic substitute for industrial salts. Beside this, the rising demand for the product in cold regions for road and highway de-icing in winter weather is also flourishing the growth of the industrial salts market. However, the rising environmental and health concerns regarding the usage of salt in certain applications may act as key restraint towards industrial salts market growth rate in the forecast period of 2021 to 2028, whereas the increasing cost logistical operations and leasing of salt mines or salt pans have the potential to challenge the growth of the industrial salts market.
Furthermore, the lack of cost effective substitutes and innovative production of high purity form of salt such as vacuum pan technology will further offer a variety of growth opportunities for the industrial salts market in the above mentioned forecast period.
This industrial salts market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on industrial salts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Industrial Salts Market Scope and Market Size
Industrial salts market is segmented on the basis of source, product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of source, the industrial salts market is segmented into brine and salt mines.
- On the basis of product, the industrial salts market is segmented into rock salt, salt in brine, solar salt and vacuum pan salt.
- The application segment for industrial salts market is segmented into chemical processing, de-icing, oil and gas, water treatment agriculture and others. Chemical processing is further segmented into caustic soda manufacturing and soda ash manufacturing.
Industrial Salts Market Country Level Analysis
Industrial salts market is analyzed and market size, volume information is provided by country, source, product and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the industrial salts market because of the expansion of chlor-alkali industry and rising number of water treatment plants in this region. North America is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to increasing demand for the product in agricultural applications in this particular region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Salts Market Share Analysis
Industrial salts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial salts market.
The major players covered in the industrial salts market report are Compass Minerals, Cargill, Incorporated, Archean Group, INEOS Enterprises, Tata Chemicals Ltd, K+S Aktiengesellschaft, Morton Salt, Inc., Nahta Salt & Chemicals Pvt Ltd, Ahir Salt Industries, Satyesh Brinechem Pvt. Ltd., Amra Salt Factory., Mitsui & Co. Ltd., Rio Tinto, SKC Industries LLP, Kutch Brine Chem Industries, Dev Salt Pvt. Ltd., Donald Brown Group, Akzo Nobel N.V., EUsalt c/o KELLEN and ZOUTMAN NV among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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