The “Industrial Salts Market” report gives a massive source to analyze the industry and other fundamental technicalities identifying with it. The examination discloses the total assessment and veritable parts of the Industrial Salts market. This study exhibits a straightforward outline of the industry, that integrates applications, blueprints, industry chain structure, and definitions. This report prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
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.
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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.
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.
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