According to the latest IMARC group report titled ” Industrial Salts Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026Â», The market is currently experiencing strong growth. The global industrial salts market is expected to show moderate growth over the next five years. Industrial salt, or sodium chloride, is a white crystalline solid obtained from seawater and rock salt deposits. It is traditionally produced by extraction, solar evaporation and vacuum evaporation processes. Industrial salts have a wide range of applications in chemical treatment, defrosting, agriculture, water treatment, etc. They are also used in cleaning oil and gas wells to improve soil and mud density and create an efficient and safe drilling rig. In addition, these salts are widely used for the manufacture of glass, polyester, tires, case-hardening steel and brass, leather, etc.
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Growing demand for the products as the essential raw material for the production of caustic soda, chlorine, sodium carbonate, etc., are among the major factors supporting the industrial salts market. In addition, various water treatment projects use industrial salt for water softening and purification which further catalyzes the growth of the market. In addition to this, these salts are gaining ground in the pulp and paper industry for washing, neutralizing, bleaching and pulping waste paper, as they are cheaper than natural salt, which works as another important growth factor. In addition, the increasing requirement for products to remove ice and snow from roads to create clean and safe driving surfaces is also increasing the global market. Apart from this, the increasing application of sodium chloride in the pharmaceutical industry for the production of saline solutions and the manufacture of capsules is expected to fuel the industrial salts market in the coming years.
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Competitive landscape with key players:
The report also analyzed the competitive landscape of the market with some of the major players.
- Akzo Nobel AG
- Cargill Inc.
- Compass Minerals International Inc
- Dominion Salt Limited
- Donald Brown Group
- INEOS SA Group
- K + S SA
- Mitsui & Co. Ltd.
- Nouryon Chemicals BV
- Rio Tinto SA
- Tata Chemicals Limited
Segmentation of the industrial salts market:
Our report has categorized the market on the basis of region, source, product, application, and end-use industry.
Breakdown by source:
Breakdown by product:
- Rock salt
- Salt in brine
- Solar Salt
- Vacuum pan salt
Breakdown by application:
- Chemical treatment
- Caustic soda
- Sodium carbonate
- Oil and gas
- Water treatment
Breakdown by region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
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