Industrial Salts Market Research Report – Global Forecast till 2030

Industrial Salts Market: Information by Source (Natural Brine, Rock Salt), Manufacturing Process (Conventional Mining, Solar Evaporation, Vacuum Pan Evaporation), Application (Chemical Processing, De-Icing, Water Softening, Drilling Fluids, Filler), and Region — Global Forecast till 2030

ID: MRFR/CnM/5739-HCR | August 2022 | Region: Global | 140 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End-Users

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Intensity of Competitive Rivalry

5 Market Dynamics of Global Industrial Salts Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends/Strategies

6. Global Industrial Salts Market, by Source

6.1 Introduction

6.2 Natural Brine

6.2.1 Market Estimates & Forecast, 2020–2027

6.2.2 Market Estimates & Forecast, by Region, 2020–2027

6.3 Rock Salt

6.3.1 Market Estimates & Forecast, 2020–2027

6.3.2 Market Estimates & Forecast, by Region, 2020–2027

7. Global Industrial Salts Market, by Manufacturing Process

7.1 Introduction

7.2 Conventional Mining

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Solar Evaporation

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Vacuum Pan Evaporation

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Industrial Salts Market, by Application

8.1 Introduction

8.2 Chemical Processing

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 De-icing

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Water Softening

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Drilling Fluids

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

8.6 Dye Enhancer

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast, by Region, 2020–2027

8.7 Filler

8.7.1 Market Estimates & Forecast, 2020–2027

8.7.2 Market Estimates & Forecast, by Region, 2020–2027

8.8 Saline Solution

8.8.1 Market Estimates & Forecast, 2020–2027

8.8.2 Market Estimates & Forecast, by Region, 2020–2027

8.9 Others

8.9.1 Market Estimates & Forecast, 2020–2027

8.9.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global Industrial Salts Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Source, 2020–2027

9.2.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.2.4 Market Estimates & Forecast, by Application, 2020–2027

9.2.5 US

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Source, 2020–2027

9.2.5.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.2.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020–2027

9.2.6.2 Market Estimates & Forecast, by Source, 2020–2027

9.2.6.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.2.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.3.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.5.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.3.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.6. France

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.6.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.3.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.7.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.3.7.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.8.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.3.8.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.9 UK

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.9.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.3.9.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.10 Russia

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.10.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.3.10.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.11 Poland

9.3.11.1 Market Estimates & Forecast, 2020–2027

9.3.11.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.11.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.3.11.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.12 Rest of Europe

9.3.12.1 Market Estimates & Forecast, 2020–2027

9.3.12.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.12.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.3.12.4 Market Estimates & Forecast, by Application, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.4.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2020–2027

9.4.5.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.5.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.4.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2020–2027

9.4.6.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.6.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.4.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.7.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.4.7.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.8 Australia & New Zealand

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.8.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.4.8.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.9 Indonesia & South Korea

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.9.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.4.9.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.10 Rest of Asia-Pacific

9.4.10.1 Market Estimates & Forecast, 2020–2027

9.4.10.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.10.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.4.10.4 Market Estimates & Forecast, by Application, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Source, 2020–2027

9.5.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.5 GCC

9.5.5.1 Market Estimates & Forecast, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Source, 2020–2027

9.5.5.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.5.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.6 Israel

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Source, 2020–2027

9.5.6.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.5.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.7 North Africa

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast, by Source, 2020–2027

9.5.7.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.5.7.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.8 Turkey

9.5.8.1 Market Estimates & Forecast, 2020–2027

9.5.8.2 Market Estimates & Forecast, by Source, 2020–2027

9.5.8.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.5.8.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.9 Rest of the Middle East & Africa

9.5.9.1 Market Estimates & Forecast, 2020–2027

9.5.9.2 Market Estimates & Forecast, by Source, 2020–2027

9.5.9.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.5.9.4 Market Estimates & Forecast, by Application, 2020–2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast, by Source, 2020–2027

9.6.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.6.5 Brazil

9.6.5.1 Market Estimates & Forecast, 2020–2027

9.6.5.2 Market Estimates & Forecast, by Source, 2020–2027

9.6.5.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.6.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020–2027

9.6.6.2 Market Estimates & Forecast, by Source, 2020–2027

9.6.6.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.6.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.6.7 Argentina

9.6.7.1 Market Estimates & Forecast, 2020–2027

9.6.7.2 Market Estimates & Forecast, by Source, 2020–2027

9.6.7.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.6.7.4 Market Estimates & Forecast, by Application, 2020–2027

9.6.8 Rest of Latin America

9.6.8.1 Market Estimates & Forecast, 2020–2027

9.6.8.2 Market Estimates & Forecast, by Source, 2020–2027

9.6.8.3 Market Estimates & Forecast, by Manufacturing Process, 2020–2027

9.6.8.4 Market Estimates & Forecast, by Application, 2020–2027

10. Company Landscape

10.1 Introduction

10.2 Market Strategy

10.3 Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Manufacturing Process Developments/Agreements/Investments)

11. Company Profiles

11.1 Cargill, Incorporated

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Manufacturing Process/Business Segment Overview

11.1.4 Strategy

11.1.5 Key Developments

11.1.6 SWOT Analysis

11.2 K+S AKTIENGESELLSCHAFT

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Manufacturing Process/Business Segment Overview

11.2.4 Strategy

11.2.5 Key Developments

11.2.6 SWOT Analysis

11.3 Compass Minerals

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Manufacturing Process/Business Segment Overview

11.3.4 Strategy

11.3.5 Key Developments

11.3.6 SWOT Analysis

11.4 Tata Chemicals Ltd.

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Manufacturing Process/Business Segment Overview

11.4.4 Strategy

11.4.5 Key Developments

11.4.6 SWOT Analysis

11.5 MITSUI & CO., LTD.

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Manufacturing Process/Business Segment Overview

11.5.4 Strategy

11.5.5 Key Developments

11.5.6 SWOT Analysis

11.6 INEOS

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Manufacturing Process/Business Segment Overview

11.6.4 Strategy

11.6.5 Key Developments

11.6.6 SWOT Analysis

11.7 Groupe Salins

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Manufacturing Process/Business Segment Overview

11.7.4 Strategy

11.7.5 Key Developments

11.7.6 SWOT Analysis

11.8 Dominion Salt

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Manufacturing Process/Business Segment Overview

11.8.4 Strategy

11.8.5 Key Developments

11.8.6 SWOT Analysis

11.9 Exportadora de Sal

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Manufacturing Process/Business Segment Overview

11.9.4 Strategy

11.9.5 Key Developments

11.9.6 SWOT Analysis

11.10 The Bhavnagar Salt & Industrial Works

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Manufacturing Process/Business Segment Overview

11.10.4 Strategy

11.10.5 Key Developments

11.10.6 SWOT Analysis

12. Conclusion

LIST OF TABLES

Table 1 Global Industrial Salts Market, by Region, 2020–2027

Table 2 North America: Industrial Salts Market, by Country, 2020–2027

Table 3 Europe: Industrial Salts Market, by Country, 2020–2027

Table 4 Asia-Pacific: Industrial Salts Market, by Country, 2020–2027

Table 5 Middle East & Africa: Industrial Salts Market, by Country, 2020–2027

Table 6 Latin America: Industrial Salts Market, by Country, 2020–2027

Table 7 Global Industrial Salts Source Market, by Region, 2020–2027

Table 8 North America: Industrial Salts Source Market, by Country, 2020–2027

Table 9 Europe: Industrial Salts Source Market, by Country, 2020–2027

Table10 Asia-Pacific: Industrial Salts Source Market, by Country, 2020–2027

Table11 Middle East & Africa: Industrial Salts Source Market, by Country, 2020–2027

Table12 Latin America: Industrial Salts Source Market, by Country, 2020–2027

Table13 Global Industrial Salts Manufacturing Process Market, by Region, 2020–2027

Table14 North America: Industrial Salts Manufacturing Process Market, by Country, 2020–2027

Table15 Europe: Industrial Salts Manufacturing Process Market, by Country, 2020–2027

Table16 Asia-Pacific: Industrial Salts Manufacturing Process Market, by Country, 2020–2027

Table17 Middle East & Africa: Industrial Salts Manufacturing Process Market, by Country, 2020–2027

Table18 Latin America: Industrial Salts Manufacturing Process Market, by Country, 2020–2027

Table19 Global Industrial Salts Application Market, by Region, 2020–2027

Table20 North America: Industrial Salts Application Market, by Country, 2020–2027

Table21 Europe: Industrial Salts Application Market, by Country, 2020–2027

Table22 Asia-Pacific: Industrial Salts Application Market, by Country, 2020–2027

Table23 Middle East & Africa: Industrial Salts Application Market, by Country, 2020–2027

Table24 Latin America: Industrial Salts Application Market, by Country, 2020–2027

Table25 Global Source Market, by Region, 2020–2027

Table26 Global Manufacturing Process Market, by Region, 2020–2027

Table27 Global Application Market, by Region, 2020–2027

Table28 North America: Industrial Salts Market, by Country

Table29 North America: Industrial Salts Market, by Source

Table30 North America: Industrial Salts Market, by Manufacturing Process

Table31 North America: Industrial Salts Market, by Application

Table32 Europe: Industrial Salts Market, by Country

Table33 Europe: Industrial Salts Market, by Source

Table34 Europe: Industrial Salts Market, by Manufacturing Process

Table35 Europe: Industrial Salts Market, by Application

Table36 Asia-Pacific: Industrial Salts Market, by Country

Table37 Asia-Pacific: Industrial Salts Market, by Source

Table38 Asia-Pacific: Industrial Salts Market, by Manufacturing Process

Table39 Asia-Pacific: Industrial Salts Market, by Application

Table40 Middle East & Africa: Industrial Salts Market, by Country

Table41 Middle East & Africa Industrial Salts Market, by Source

Table42 Middle East & Africa Industrial Salts Market, by Manufacturing Process

Table43 Middle East & Africa: Industrial Salts Market, by Application

Table44 Latin America: Industrial Salts Market, by Country

Table45 Latin America Industrial Salts Market, by Source

Table46 Latin America Industrial Salts Market, by Manufacturing Process

Table47 Latin America: Industrial Salts Market, by Application

LIST OF FIGURES

FIGURE 1 Global Industrial Salts Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Industrial Salts Market

FIGURE 4 Value Chain of Global Industrial Salts Market

FIGURE 5 Share of Global Industrial Salts Market in 2020, by Country (%)

FIGURE 6 Global Industrial Salts Market, 2020–2027,

FIGURE 7 Global Industrial Salts Market Size by Sources, 2020

FIGURE 8 Share of Global Industrial Salts Market, by Source, 2020–2027

FIGURE 9 Global Industrial Salts Market Size, by Manufacturing Process, 2020

FIGURE 10 Share of Global Industrial Salts Market, by Manufacturing Process, 2020–2027

FIGURE 11 Global Industrial Salts Market Size, by Application, 2020

FIGURE 12 Share of Global Industrial Salts Market, by Application, 2020–2027

Industrial Salts Market

Industrial Salts Market is projected to be worth USD 19.6 billion by 2030, registering a CAGR of 3.4% during the forecast period (2022 - 2030).

$19.6 billion

Market Size


3.4%

CAGR


Asia-Pacific

Dominating Region

2022-2030

Forecast Period

Segmentation

Source Natural Brine Rock Salt
Manufacturing Process Conventional Mining Solar Evaporation Vacuum Pan Evaporation
Application Chemical Processing De Icing Water Softening Drilling Fluids Filler

Key Players

  • Cargill Incorporated (US)
  • K+S AKTIENGESELLSCHAFT (Germany)
  • Compass Minerals (US)
  • Tata Chemicals Ltd. (India)
  • MITSUI & CO. LTD. (Japan)
  • INEOS (UK)
  • Groupe Salins (France)
  • Dominion Salt (New Zealand)
  • Exportadora de Sal (Mexico)
  • The Bhavnagar Salt & Industrial Works (India)

Drivers

  • High production capacities coupled with high exports is driving the global market
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Industrial Salts Market Overview
 
Industrial Salts Market is projected to be worth USD 19.6 billion by 2030, registering a CAGR of 3.4% during the forecast period (2022 - 2030). Salt is one of the most important minerals on the planet. It is a sodium and chlorine combination. Due to their copious availability and cost-effectiveness, industrial salts are utilized in chemical processing, de-icing, water treatment, oil & gas, agricultural, textile, soaps and detergents, and medicines. The usage of industrial salts in the chemical processing of various chemicals such as liquid sodium, metallic sodium, chlorine, caustic soda, sodium sulfate, sodium carbonate, hydrochloric acid, sodium bicarbonate, and sodium nitrate is driving the worldwide industrial salts market. The rising chemical industries around the world are pushing demand for these chemicals, which is propelling the industrial salts market forward.
 
Industrial salts are commonly used to remove ice and snow off roadways, allowing for a safer driving surface. Another key driver of the global market is the usage of these salts in water softening. Furthermore, during the manufacture, processing, and refining of fabrics and materials, such salts are utilized as dye-enhancers for textiles. This is because the use of industrial salt ensures that the color penetrates the fabric completely and adheres well. These are also employed as a deacidification agent in the manufacture of spun rayon and the tanning and coloring of leather. These salts can also be used as a feed additive or pasture salt, which drives up demand in the agriculture business.

Global Industrial Salts Market, by Application (%)



Source: MRFR Analysis


Regional Analysis


The global industrial salts market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


The market in Asia-Pacific dominated the global industrial salts market in 2017 due to the high demand for chemical processing, water softening, agricultural salts, animal feed, filler, and saline solutions. The high growth of the market in this region can also be attributed to the fast-paced industrialization and urbanization in the emerging countries such as India, Thailand, Malaysia, and Singapore. 


European and the North American market is expected to witness a high growth of the market owing to the high demand from the de-icing applications as well as chemical processing in the region.


The presence of large number of natural deposits and high production capacities coupled with high exports is driving the global market


Segmentation


The global industrial salts market has been segmented on the basis of source, manufacturing process, application, and region.


On the basis of source, the market has been bifurcated into natural brine and rock salt.


Based on the manufacturing process, the market has been segmented into conventional mining, solar evaporation, and vacuum pan evaporation.


By application, the market has been segmented into chemical processing, de-icing, water softening, drilling fluids, dye enhancer, filler, saline solutions, and others.


Key Players


Some of the manufacturers operating in the global industrial salts market are Cargill, Incorporated (US), K+S AKTIENGESELLSCHAFT (Germany), Compass Minerals (US), Tata Chemicals Ltd. (India), MITSUI & CO., LTD. (Japan), INEOS (UK), Groupe Salins (France), Dominion Salt (New Zealand), Exportadora de Sal (Mexico), and The Bhavnagar Salt & Industrial Works (India).

Recent Development


September 2021: China's Chengxin Lithium proposed to develop a lithium salts production facility in Indonesia's Indonesia Morowali Industrial Park, citing rapidly growing demand from the electric car, energy storage, computer, communication, and consumer electronics (3C) industries (IMIP). Chengxin is the first foreign company to announce ambitions to build a lithium salts factory in Indonesia, to develop cobalt-nickel projects.
 
Tata Chemicals Ltd planned to buy Archean Group's industrial salt facility with a 3 million tonne annual production capacity in January 2021, which would boost the company's business.

Intended Audience



  • Industrial salts manufacturers

  • Traders and distributors of Industrial salts

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories

Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : Significant Value
  CAGR   2030 : Substantial Value
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Source, Manufacturing process, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Cargill, Incorporated (US), K+S AKTIENGESELLSCHAFT (Germany), Compass Minerals (US), Tata Chemicals Ltd. (India), MITSUI & CO., LTD. (Japan), INEOS (UK), Groupe Salins (France), Dominion Salt (New Zealand), Exportadora de Sal (Mexico), and The Bhavnagar Salt & Industrial Works (India)
  Key Market Opportunities   Increasing demand for petrochemicals and their derivatives in almost every other application is fueling the growth of the industrial salts market.
  Key Market Drivers   High production capacities coupled with high exports is driving the global market


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Frequently Asked Questions (FAQ) :

The outlook of the global industrial salts market looks very promising.

Industrial salt is a natural mineral that is extensively used in applications including chemical processing, water softening, de-icing, drilling fluids, and fillers.

The vacuum pan evaporation segment by manufacturing process and the chemical processing segment by applications, hold major shares in the global Industrial salts market.

Asia Pacific holds the largest share in the global Industrial salts market, followed by North America and Europe, respectively.

K+S AKTIENGESELLSCHAFT (Germany), Cargill, Incorporated (US), Compass Minerals (US), MITSUI & CO., LTD. (Japan), Tata Chemicals Ltd. (India), INEOS (UK), Dominion Salt (New Zealand), Groupe Salins (France), The Bhavnagar Salt & Industrial Works (India), and Exportadora de Sal (Mexico), are some of the major players operating in the Industrial salts market.