May 20, 2024

The Industrial Salts Market Is Booming (2022-2030)

The global industrial salts market size accounted for US$ 15.3 billion in 2021 and is projected to reach around USD 26.8 billion by 2030, growing at a CAGR of 6.43% from 2022 to 2030. Increased uses in the metallurgical processes like galvanizing & surface treatment and manufacturing of various products in the agricultural industry and the chemical industry will boost the industrial salts market growth.

Industrial Salts Market Size, Forecast Statistics 2022-2030 (USD Billion)

Industrial Salts Market Key Takeaways:

  • The Asia-Pacific region has accounted highest revenue share 39.4% in 2021.
  • By source, the natural brine segment garnered highest revenue share 69% in 2021.
  • By manufacturing process, the conventional mining segment contributed 52% market share in 2021.
  • By application, the chemical processing segment has generated 47% in 2021.

Increase in the application areas of industrial salts and presence of large salt reserves drive the growth of the global industrial salts market. However, health & environment concerns over the usage of salts in certain applications hinder the market growth. On the other hand, lack of cost-effective substitutes presents new opportunities in the coming years.

Report Summary

The global industrial salts market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations. Global industrial salts market study covered in the report spans a forecast period from 2022 to 2030.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the industrial salts market across the globe.

A comprehensive estimate on the industrial salts market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of industrial salts during the forecast period. Price point comparison by region with global average price is also considered in the study

Industrial Salts Market Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized industrial salts market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Covid-19 Scenario:-

  • The outbreak of the Covid-19 pandemic has had a negative impact on the global industrial salts market, owing to temporary closure of all industries, presence of low labor force, and disruptions in the supply chain.
  • There was more than 41% drop in the export of salt during the pandemic. The shutdown of eateries, caustic, and soda ash companies led to decrease in its demand.

Also Read: Internet of Packaging Market Holds US$ 47.8B Potential

Industrial Salts Market Players

The report includes the profiles of key industrial salts market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area are:

  • Cargill, Inc.
  • INEOS
  • K+S AG
  • Mitsui & Co. Ltd.
  • Nouryon
  • Rio Tinto Group
  • Compass Minerals America Inc.
  • China National Salt Industry Co.
  • Dominion Salt Ltd
  • Tata Chemicals Ltd.

Market Segmentation

By Source

  • Rock Salt
  • Natural Brine

By Manufacturing Process

  • Conventional mining
  • Solar evaporation
  • Vacuum evaporation

By Application

  • Agriculture
  • Chemical processing
  • Food processing
  • Water treatment
  • Deicing
  • Oil and gas
  • Others

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global industrial salts market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for industrial salts are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Industrial Salts Market 

5.1. COVID-19 Landscape: Industrial Salts Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Industrial Salts Market, By Source

8.1. Industrial Salts Market, by Source, 2022-2030

8.1.1 Rock Salt

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Natural Brine

8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Industrial Salts Market, By Manufacturing Process

9.1. Industrial Salts Market, by Manufacturing Process, 2022-2030

9.1.1. Conventional mining

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Solar evaporation

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Vacuum evaporation

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Industrial Salts Market, By Application 

10.1. Industrial Salts Market, by Application, 2022-2030

10.1.1. Agriculture

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Chemical processing

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Food processing

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Water treatment

10.1.4.1. Market Revenue and Forecast (2017-2030)

10.1.5. Deicing

10.1.5.1. Market Revenue and Forecast (2017-2030)

10.1.6. Oil and gas

10.1.6.1. Market Revenue and Forecast (2017-2030)

10.1.7. Others

10.1.7.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Industrial Salts Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Source (2017-2030)

11.1.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.1.3. Market Revenue and Forecast, by Application (2017-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Source (2017-2030)

11.1.4.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.1.4.3. Market Revenue and Forecast, by Application (2017-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Source (2017-2030)

11.1.5.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.1.5.3. Market Revenue and Forecast, by Application (2017-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Source (2017-2030)

11.2.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.2.3. Market Revenue and Forecast, by Application (2017-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Source (2017-2030)

11.2.4.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.2.4.3. Market Revenue and Forecast, by Application (2017-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Source (2017-2030)

11.2.5.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.2.5.3. Market Revenue and Forecast, by Application (2017-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Source (2017-2030)

11.2.6.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.2.6.3. Market Revenue and Forecast, by Application (2017-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Source (2017-2030)

11.2.7.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.2.7.3. Market Revenue and Forecast, by Application (2017-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Source (2017-2030)

11.3.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.3.3. Market Revenue and Forecast, by Application (2017-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Source (2017-2030)

11.3.4.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.3.4.3. Market Revenue and Forecast, by Application (2017-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Source (2017-2030)

11.3.5.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.3.5.3. Market Revenue and Forecast, by Application (2017-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Source (2017-2030)

11.3.6.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.3.6.3. Market Revenue and Forecast, by Application (2017-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Source (2017-2030)

11.3.7.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.3.7.3. Market Revenue and Forecast, by Application (2017-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Source (2017-2030)

11.4.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.4.3. Market Revenue and Forecast, by Application (2017-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Source (2017-2030)

11.4.4.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.4.4.3. Market Revenue and Forecast, by Application (2017-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Source (2017-2030)

11.4.5.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.4.5.3. Market Revenue and Forecast, by Application (2017-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Source (2017-2030)

11.4.6.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.4.6.3. Market Revenue and Forecast, by Application (2017-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Source (2017-2030)

11.4.7.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.4.7.3. Market Revenue and Forecast, by Application (2017-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Source (2017-2030)

11.5.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.5.3. Market Revenue and Forecast, by Application (2017-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Source (2017-2030)

11.5.4.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.5.4.3. Market Revenue and Forecast, by Application (2017-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Source (2017-2030)

11.5.5.2. Market Revenue and Forecast, by Manufacturing Process (2017-2030)

11.5.5.3. Market Revenue and Forecast, by Application (2017-2030)

Chapter 12. Company Profiles

12.1. Cargill, Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. INEOS

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. K+S AG

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Mitsui & Co. Ltd.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Nouryon

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Rio Tinto Group

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Compass Minerals America Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. China National Salt Industry Co.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Dominion Salt Ltd

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Tata Chemicals Ltd.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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