Growth of The “Industrial Salt Market” is Driven by The Increased Demand for Industrial Salt in Various Applications

Industrial salts are manufactured using natural resources, including rock salt deposits or natural brine, such as sea water and salt water lakes. Industrial salts are manufactured by conventional mining, vacuum evaporation, or solar evaporation processes.

Industrial salts are increasingly used as a key raw material in the chemical processing industry for the manufacturing of chlor-alkali, and in de-icing, water treatment, agricultural, and oil & gas applications in various countries, such as the US, Canada, Germany, China. This increased usage is expected to drive the demand for industrial salts, thereby leading to the growth of the industrial salts market across the globe.

The Industrial Salts Market was valued at $12.70 Billion in 2016 and is projected to reach $14.93 Billion by 2022, at a CAGR of 2.8% from 2017 to 2022.

[168 Pages Report] Browse 158 market data Tables and 37 Figures spread through 168 Pages and in-depth TOC on "Industrial Salt Market"

Based on Source :

The industrial salts market has been segmented into rock salt and natural brine. The natural brine segment of the industrial salts market is projected witness a higher growth during the forecast period. Natural brine provides most economical salt in areas with favorable weather conditions, especially in Asia Pacific.

Based on Manufacturing Process :

the conventional mining process segment of the industrial salts market is projected to witness the highest growth during the forecast period from 2017 to 2022. The large availability of rock salt deposits and the landscape of these mines favoring the mining process are expected to drive the growth of the conventional mining process segment during the forecast periods.

Based on Application :

The chemical processing application segment of the industrial salt market is projected to witness the highest growth between 2017 and 2022. The growth of this segment of the market can be attributed to the use of industrial salt as raw materials in the manufacturing of various products, such as caustic soda, soda ash, and chlorine. The growth of the chlor-alkali industry in emerging economies is expected to further fuel the demand for industrial salt during the forecast period.

Based on Region :

The Asia Pacific industrial salt market is projected to witness the highest growth between 2017 and 2022. China is the largest market for industrial salt in Asia Pacific. The demand for industrial salt in China and India is expected to increase during the forecast period, due to the growing demand in the chlor-alkali and water treatment industries in these countries.

Market Key Players :

Key companies profiled in this research report include K+S AG (Germany), Cargill, Inc. (US), Compass Minerals America Inc. (US), China National Salt Industry Co. (China), Tata Chemicals Ltd. (India), Mitsui & Co. Ltd. (Japan), Rio Tinto Group (UK), COMPAGNIE DES SALINS DU MIDI ET SALINES DE L EST (France), Dominion Salt Ltd. (New Zealand), and Exportadora de Sal de C.V. (Mexico).

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