Global Industrial salts Market Size,Trends and Growth opportunity, By Source (Brine, Salt mines) By Product (Rock salt, Salt in brine,Solar salt,Vacuum pan salt),By Application(Chemical processing, De-icing, Oil & Gas, Water treatment, Agriculture, Others), By Region and forecast till 2027.
Report ID : IR100923 | Industries : Chemicals & Materials | Published On :May 2024 | Page Count : 245
Global Industrial salts Market Size,Trends and Growth opportunity, By Source (Brine, Salt mines) By Product (Rock salt, Salt in brine,Solar salt,Vacuum pan salt),By Application(Chemical processing, De-icing, Oil & Gas, Water treatment, Agriculture, Others), By Region and forecast till 2027.
Global Industrial salts Market
The global Industrial salts market size was valued at USD 15.03 billion in 2021 and is expected to expand USD 20.15 billion at a CAGR of 6.8 % during forecast period 2022- 2027.
Industrial salts are manufactured through extraction from rock salt or sea water.it is applicable in chemical processing ,water treatment ,de-icing ,agriculture and oil & gas .they are use for manufacturing of caustic soda,chlorine and soda ash.
Market Drivers
The Rising demand for highway deicing, oil & gas industry, water treatment, agriculture, and chemical processing, primarily for the production of chlorine, caustic soda, and soda ash act as key factor for the growth of market.Additionally, the expansion of chlor-alkali sector in the chemical industry growing technological innovations towards the production of high purity salt propelling the growth of Industrial salts market.
Market Restraints
The use of industrial salts can cause health problems and toxicity hinder the growth of market . Additionally,government regulations over the more usage of industrial salt in the chemical processes restrict the market growth.
COVID-19 Impact on global Industrial salts Market
Outbreak of covid-19 impacted adversely as the lockdown is imposed by government leads to shutdown of manufacturing unit and disruption in supply chain and decrease in demand of industrial salts lead negatively impacted the market growth.
Market Segmentation
The global Industrial salts market segmented on the basis of Source, Product, Application and Region.On the basis of Source it is segmented into Brine, Salt mines. On the basis of Product it segmented into Rock salt, Salt in brine,Solar salt,Vacuum pan salt. On the basis of Application it segmented into Chemical processing, De-icing, Oil & Gas, Water treatment, Agriculture, Others.On the basis of Region it is segmented into North America,Europe,Asia Pacific, Latin America,MEA.
Regional Analysis
The global Industrial salts market segmented into five regions North America,Europe,Asia Pacific,Latin America,MEA. Asia Pacific dominate the market due to the increasing demand for the product in chemical industries in this region. North America is also witnessed a significant rise in Industrial salts market.
Key Players
Various key players are listed in this report such as Compass Minerals Ltd , Cargill Inc ,INEOS Enterprises,China National Salt Industry Corporation ,Tata Chemicals Ltd,K+S Group,Morton Salt,Mitsui & Co Ltd,Rio Tinto PLC,Delmon Salt Factory Co Ltd, Donald Brown Group,European Salt Company.
Market Taxonomy
• By Source
? Brine
? Salt mines
• By Product
? Rock salt
? Salt in brine
? Solar salt
? Vacuum pan salt
• By Application
? Chemical processing
• Caustic soda
• Soda ash
• Chlorine
? De-icing
? Oil & Gas
? Water treatment
? Agriculture
? Others
• By Region
? North America
? Europe
? Asia Pacific
? Latin America
? Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Industrial salts Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Industrial salts Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Industrial salts Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Industrial salts Market, By SourceType
5.1 Y-o-Y Growth Comparison, By SourceType
5.2 Global Industrial salts Market Share Analysis, By SourceType
5.3 Global Industrial salts Market Size and Forecast, By SourceType
5.3.1 Brine
5.3.2 Salt mines
6 Global Industrial salts Market, By Application Type
6.1 Y-o-Y Growth Comparison, By Application type
6.3 Global Industrial salts Market Share Analysis, By Application type
6.3 Global Industrial salts MarketSize and Forecast, By Application type
6.3.1 Chemical processing,
6.3.2 De-icing,
6.3.3 Oil & Gas
6.3.4 Water treatment
6.3.5 Agriculture
6.3.6 Others
7 Global Industrial salts Market, By Product Type
7.1 Y-o-Y Growth Comparison, By Product Type
7.2 Global Industrial salts Market Share Analysis, By Product Type
7.3 Global Industrial salts Market Size and Forecast, By Product Type
7.3.1 Rock salt
7.3.2 Salt in brine
7.3.3 Solar salt
7.3.4 Vacuum pan salt
8 Global Industrial salts Market, By Region
8.1 Global Industrial salts Market Share Analysis, By Region
8.2 Global Industrial salts MarketSize and Forecast, By Region
9 North America Industrial salts Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Industrial salts Market Share Analysis, By Source Type
9.3 North America Industrial salts MarketSize and Forecast, By Application
9.4 North America Industrial salts Market Size and Forecast, By Product
9.5North America Industrial salts Market Size and Forecast, By Country
9.5.1 U.S
9.5.2 Canada
9.5.3 Mexico
10EuropeIndustrial salts Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Industrial salts Market Share Analysis, By Source Type
10.3 Europe Industrial salts Market Size and Forecast, By Application
10.4 Europe Industrial salts MarketSize and Forecast, By Product
10.5 Europe Industrial salts MarketSize and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4Rest of Europe
11Asia Pacific Industrial salts Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia-Pacific Industrial salts Market Size and Forecast, By Source Type
11.3 Asia-Pacific Industrial salts Market Size and Forecast, By Application
11.4 Asia-Pacific Industrial salts Market Size and Forecast, By Product
11.5Asia-Pacific Industrial salts Market Size and Forecast, By Country
11.6.1 China
11.6.2 Japan
11.6.3 India
11.6.4 Rest of Asia Pacific
12 Latin America Industrial salts Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Industrial salts Market Size and Forecast, By Source Type
12.3 Latin America Industrial salts Market Size and Forecast, By Application
12.4 Latin America Industrial salts Market Size and Forecast, By Product
12.5 Latin America Industrial salts Market Size and Forecast, By Country
12.6.1 Brazil
12.6.2.Rest of Latin America
13Middle East Industrial salts Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Industrial salts Market Share Analysis, By Source Type
13.3 Middle East Industrial salts Market Size and Forecast, By Application
13.4 Middle East Industrial salts Market Size and Forecast, By Product
13.5Middle East Industrial salts Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1. Compass Minerals Ltd
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Cargill Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. INEOS Enterprises
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. China National Salt Industry Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. Tata Chemicals Ltd
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.6 Key Market Developments
15.5.6 Key Strategies
15.6. K+S Group
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. Morton Salt
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5Key Market Developments
15.7.6 Key Strategies
15.8. Mitsui & Co Ltd
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9. Rio Tinto PLC
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5Key Market Developments
15.9.6 Key Strategies
15.10. Delmon Salt Factory Co Ltd
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5Key Market Developments
15.10.6 Key Strategies
15.11. Donald Brown Group
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12. European Salt Company
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5Key Market Developments
15.12.6 Key Strategies