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Industrial Salts Market By Application (Chemical Processing, Road De-icing, Water Softening, Agriculture and Other Applications) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Salt has been one of the earth’s most essential and abundant minerals since the dawn of time. Salt, also known as sodium chloride, is used on a large scale for a wide range of applications in the market. It is an important part of human life, and it is also used by a large number of end-user industries in the market. Industrial salts are majorly used for applications that include chemical processing, agriculture, road de-icing, water softening, and other uses such as food processing and animal feed, among others. The global industrial salt market report is segmented by applications into chemical processing, road de-icing, water softening, agriculture, and others. Among these, chemical processing accounted for a major share of the global industrial salt market in 2015 and is expected to rise shortly.

The caustic soda and chlorine manufacturing sectors are the industries driving the growth of the global industrial salts market worldwide. Salt is widely used as a de-icing salt in developing economies, as they fall under the snowfall regions of the world. The highway and automobile corrosion problems have been well documented, and hence, high demand is reported for industrial salts from developing economies such as North America and Europe, among others.

Asia Pacific accounted for the largest share of the global industrial salt market in 2015 and 38% of the global market. Countries such as China and India accounted for the major consumers of industrial salts due to the increasing number of chemical industries. The rising demand for industrial salts in chloralkali chemical production is the major factor driving market growth in the region. North America followed Asia Pacific in terms of demand and accounted as the second largest region for the growth of industrial salts. Europe and other regions, such as Latin America and the Middle East, are expected to boost the market growth shortly.

The industrial salts market is expected to reach over US$ 13.0 billion by 2022, growing at a CAGR of more than 1.4% during the forecast period of 2016–2022.

Purpose of the Report

The purpose of this strategic research study titled “Global Industrial Salts Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global industrial salts market.

Target Audience

  • Industry Investors
  • Industrial Salts Providers and Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers and Buyers
  • Product Suppliers and Buyers
  • Research Institutes

Overall, the research study provides a holistic view of the global industrial salts market in terms of growth, offering market size and estimates for the period from 2016 to 2022, keeping in mind the factors mentioned above.

Based on its application, the industrial salt market is categorized into the following segments:

  • Chemical Processing
  • Road De-icing
  • Water Softening
  • Agriculture
  • Others (animal feed, etc.)

Chemical processing accounted for a major share of the global industrial salt market in 2015. The chemical industry was the major consumer of industrial salts and accounted for more than 43% of total salt sales. The caustic soda and chlorine manufacturing sectors were the major consumers in the chemical industry. Road de-icing accounted for the second-largest share of the global industrial salt market in 2016 and is expected to increase shortly.

The use of salt as a de-icing agent has been common since the 1960s in areas where ice or snow is a seasonal roadway safety hazard. Highway bridge and automobile corrosion and ecosystem changes caused by the de-icing salts are well documented, and salt is widely used in regions of seasonal ice and snowfall. Regions such as North America and Europe widely use de-icing salts to provide safe environmental conditions during the winter season in the regions.

Hence, salt has high demand as a de-icing agent. Industrial salts have applications in a wide range of end-user industries. Other applications of industrial salts, such as water softening, agriculture, and animal feed and food processing, experienced steady growth but are projected to increase during the forecast period from 2016 to 2022.

Based on geography, the global industrial salt market is segmented into the following categories:

  • North America
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • UK
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Middle East and Africa
  • South Africa
  • Saudi Arabia
  • Rest of the Middle East and Africa
  • Latin America

Asia Pacific accounted for the largest share of the global industrial salt market in 2015. It accounted for more than 38% of the global industrial salt market and is expected to increase shortly. China and India are the two major consumers of industrial salt in the region.

Increasing production of chloralkali chemicals in the region is the major factor driving the growth of global industrial salt in Asia and the Pacific. Moreover, the growing chemical industry in the region is also one of the factors contributing to the growth of the global industrial salt market in the region.

North America followed Asia Pacific in terms of growth and is expected to increase shortly. Rising demand for industrial salt as a de-icing agent is boosting the growth of industrial salt in the region. Europe is also projected to fuel demand for industrial salts, as it is widely used as a de-icing agent to remove snow and ice from highways and roadways to prevent accidents. Other regions, such as the Middle East, Africa, and Latin America, are projected to boost market demand for industrial salt during the forecast period from 2016 to 2022.

Frequently Asked Question:

The market for Industrial Salts is expected to reach USD$ 13.0 billion in 2022.

The Industrial Salts Market is expected to see significant CAGR growth over the coming years, at 1.4%.

The report is forecasted from 2016 -2022.

The base year of this report is 2015.

Cargill Incorporated,Akzo Nobel N.V., Tata Chemicals Ltd., K + S AKTIENGESELLSCHAFT, Compass Minerals. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2016
Category:  Chemicals
Report ID:   57998
Report Format:   PDF
Pages:   120
Rating:    4.4 (55)
Delivery Time: 24 Hours to 48 Hours   
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