About Industrial Salts
Industrial salt, made by the chemical substances with sodium chloride that enhances their wide range of industrial applications, and used to develop polyester, glass and plastic. And, also used in the production of case-hardened steel, brass, tires, etc. Owing to improve the density of soil and mud in oil & gas industry, industrial salt provides a more efficient and safe drilling rig. Moreover, innovations such as the use of magnesium chloride liquid along with sodium chloride for improved properties are expected to offer the lucrative opportunity in the growth of the industrial salts in de-icing applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 2.7% |
Global players can respond more flexibly than local competitors to fluctuations in weather-dependent demand for de-icing, maintaining dependable supply to consumers, thanks to their network of production sites. The companies in this area are competitive, competing based on product quality and regional expansion. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Industrial Salts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
K+S AG (Germany), Cargill, Inc. (United States), Compass Minerals America Inc. (United States), China National Salt Industry Co. (China), Tata Chemicals Ltd. (India), Mitsui & Co. Ltd. (Japan), Rio Tinto Group (United Kingdom), SALINES Group (France), Dominion Salt Ltd. (New Zealand) and Exportadora de Sal de C.V. (Mexico) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Salts market by , Application (Agriculture, Chemical Processing, De-Icing, Oil & Gas, Water Treatment and Others) and Region.
On the basis of geography, the market of Industrial Salts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Source Type, the sub-segment i.e. Rock Salt will boost the Industrial Salts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Production Method, the sub-segment i.e. Conventional Mining will boost the Industrial Salts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Production of the Chloralkali Chemicals
Market Growth Drivers:
Growing Demand for Industrial Salt in Food and Beverages Industry and Economic and Large Availability of salt Reserves
Challenges:
Cost-Intensive Logistical Operations and Leasing of Salt Mines or Salt Pans Affecting Continuous Supply
Restraints:
Environmental & Health Concerns Over the Usage of Salts in Certain Applications
Opportunities:
Lack of Cost-Effective Substitutes and Increasing Industrialization in Developing Economies
Market Leaders and their expansionary development strategies
In 2023, Cargill’s salt business has signed an agreement with CIECH Group. CIECH's food grade evaporated salts will be coupled with Cargill's market-leading portfolio of specialist food salts, which includes Alberger, Premier, Microsized, and Potassium Pro. Cargill now has access to a broad spectrum of specialised and evaporated food salt solutions for European food makers thanks to its collaboration with CIECH, which has facilities in Janikowo, Poland, and Stassfurt, Germany.
Key Target Audience
Suppliers of Raw Materials, Manufacturers of Industrial salts, Traders, Distributors, and Suppliers of Industrial salts, Government & Regional Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.