Global Industrial Salts Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global industrial salts market in its upcoming report titled, “Global Industrial Salts Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global industrial salts market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global industrial salts market report has been segmented on the basis of source, product, application, and region.
Industrial salts, also known as sodium chloride, are ionic salts and exist as white crystalline solids, which are used in various industrial verticals such as oil & gas, water treatment, road de-icing, etc. The thermal conductivity of sodium chloride decreases with increasing temperature and also decreases with doping. The chemical name/formula for industrial salt is NaCl and CAS number is 7647-14-5.
Increasing demand for industrial salts from various end-use industries such as road de-icing, oil & gas, agriculture, chemical processing for production of caustic soda and chlorine, and water treatment is expected to drive growth of the global industrial salts market over the forecast period. In addition, high demand for industrial salts from chlor-alkali chemical industry, owing to unavailability of any economic substitute for industrial salts is another major factor expected to drive growth of the global industrial salt market. Moreover, innovative production of high purity form of salt such as vacuum pan technology is expected to drive growth of the global market in near future. Key trend observed in the market is production by using evaporation process which is expected to further drive growth of the market.
However, stringent regulations regarding production and use of industrial salts and environmental pollution is expected to hamper growth of the global market to a certain extent.
Asia Pacific and North America markets are expected to lead in the global market with major share in terms of revenue in 2017. Asia Pacific industrials salts market revenue growth can be attributed to expansion of chlor-alkali industry and increasing number of water treatment plants in countries in this region.
Increasing demand for the product in cold regions for road and highway de-icing in winter weather is a major factor expected to drive growth of the market in North America. Industrial salts market in Europe, Latin America and Middle East & Africa are also expected to witness growth in the near future.
Global industrial salts market segmentation:
Segmentation by Source:
- Salt Mines
Segmentation by Product:
- Rock salt
- Salt in brine
- Solar salt
- Vacuum pan salt
Segmentation by Application:
- Chemical processing
- Oil & Gas (drilling, refining, and other process)
- Water treatment
- Others (food processing, animal feed, etc.)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Compass Minerals International Inc.
- Cargill Inc.
- INEOS Salt
- China National Salt Industry Corporation (CNSIC)
- Tata Chemicals Limited
- K+S Group
- Morton Salt
- Mitsui & Co. Ltd.
- Rio Tinto PLC.
- Delmon Salt Factory
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