Industrial Salts Market

Industrial Salts Market Revenue Drivers, Growth Opportunities, Supply Chain Analysis and Forecast Research Report Till 2025

“Global Industrial Salts Market is anticipated to reach USD 15.9 billion by 2025 at a significant CAGR of 2.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe.”

The global Industrial Salts Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview: 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. H owever, they could cause cardio vascular disease, increased blood pressure due to higher content of sodium.

Key Players:           

Compass Minerals Cargill INEOS Enterprises China National Salt Industry Corporation (CNSIC) Tata Chemicals Limited K+S Group Morton Salt Mitsui & Co. Ltd. Rio Tinto PLC. Delmon Salt Factory Donald Brown Group

Request free sample to get complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/industrial-salts-market/request-sample Growth Drivers: 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. 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 w ill 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.

Source Outlook:  

Brine 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.

Product Outlook:    

Rock salt Salt in brine Solar salt Vacuum pan salt

Application Outlook: 

   

Chemical processing o Caustic soda o Soda ash o Chlorine De-icing Oil & Gas Water treatment Agriculture

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.

Regional Outlook: 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.

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