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Industrial Salts Market Research Report, Demand, By Application, Region And Forecast To 2025

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Henry Jones
Industrial Salts Market Research Report, Demand, By Application, Region And Forecast To 2025

Global Industrial Salts Market is anticipated to reach USD 15.9 billion by 2025. Industrial salts find their applications in industry verticals such as pharmaceuticals, chemicals, and food processing. The most extensive usage has been found in food processing industry for flavoring and preservation. However, they could cause cardio vascular disease, increased blood pressure due to higher content of sodium. Additionally, industrial salts absorb moisture due to their hygroscopic nature. This influences the use of industrial salts in de-icing applications, as their use can lead to corrosion in metallic structures, automotive parts, and slippery roads.

Furthermore, industrial salts are mainly used as raw material for the production of chlorine, soda ash, and caustic soda. The rising demand for these chemicals will upsurge the consumption of industrial salts in the years to come. Industrial Salts industry is anticipated to grow at a significant CAGR of 2.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Industrial Salts Market may be explored by source, product, application, and geography. The market may be explored by source as Brine, and Salt mines. The “Brine source” segment dominated the Industrial Salts industry in 2016 and is anticipated to maintain its dominance by 2025. Brine is a high-concentration saline mixture, which is obtained from large waterbodies and dissolving mine deposits through solution mining method. The market may be explored by product as Salt in brine, Rock salt, Solar salt, and Vacuum pan salt. “Rock salt” segment dominated the market in 2016, covering 38.0% of the market share by volume.

Industrial Salts Market may be explored by application as Chemical processing may be further explored as Soda ash, Caustic soda, Chlorine), Oil & Gas, De-icing, Agriculture, food processing, Water treatment, and Others. The “chemical processing application” segment dominated the Industrial Salts industry in 2016 and is anticipated to maintain its dominance by 2025 owing to increasing demand for the product in chlor alkali applications, and chemical processing, mainly in India and China. Asia-Pacific accounted for the major share of the industrial salts market Size in 2016 and will continue to lead in the forecast period. China is a leading consumer of Industrial Salts in Asia Pacific region. Further, North America is expected to witness growth in the years to come.

Some of the key players that fuel the growth of the industrial salts industry comprise Amra Salt Co., AkzoNobel N.V., Cargill, Inc., Atisale S.P.A., Compass Minerals International Inc., Ck Life Sciences International Holdings Inc., Dominion Salt Ltd, Donald Dev Salt Pvt. Ltd., ItalkaliSocietaItaliana SaliAlcalini S.P.A, Exportadora De Sal De C.V., Brown Group, Infosa, Ineos Group Holdings S.A., Mitsui & Co. Ltd., Irish Salt Mining & Exploration Co. Ltd., and China National Salt Industry Corporation (Cnsic). The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Source Outlook (Volume, Million Tons, Revenue, USD Million, 2014 - 2025)
• Brine
• Salt mines

Product Outlook (Volume, Million Tons, Revenue, USD Million, 2014 - 2025)
• Rock salt
• Salt in brine
• Solar salt
• Vacuum pan salt

Application Outlook (Volume, Million Tons, Revenue, USD Million, 2014 - 2025)
• Chemical processing
• Caustic soda
• Soda ash
• Chlorine
• De-icing
• Oil & Gas
• Water treatment
• Agriculture
• Others

Regional Outlook (Volume, Million Tons, Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa

Browse Full Research Report with TOC @ https://www.millioninsights.com/industry-reports/industrial-salts-market

Table of Contents

Chapter 1 Methodology And Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources

Chapter 2 Executive Summary
2.1 Market snapshot

Chapter 3 Market Variables, Trends & Scope
3.1 Market segmentation& scope
3.2 Industrial Salts - Value and Supply Chain Analysis
3.3 Technology Overview
3.3.1 Conventional Mining
3.3.2 Solution Mining
3.3.3 Solar Evaporation
3.4 Regulatory Framework
3.5 Industrial Salts - Market dynamics
3.5.1 Market driver analysis
3.5.1.1 Increasing penetration of industrial salts in application industries
3.5.1.2 No economic substitute or alternative for salt available
3.5.2 Market restraints analysis
3.5.2.1 Stringent government regulations pertaining to exploration activities
3.6 Industrial salts market - PESTEL analysis
3.7 Industry analysis - Porter’s
3.8 Penetration & Growth prospect Mapping
3.9 Price trend analysis
3.10 Product pricing
3.10.1 Profit margin analysis

Continued…

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