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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 large scale for a wide range of applications in the market. It is an important part of human life and it is also used for large number of end-user industries in the market. Industrial salts are majorly used for applications which include chemical processing, agriculture, road de-icing, water softening other applications such as food processing and animal feed among others. The global industrial salt market report is segmented into applications into chemical processing, road-de-icing, water softening, agriculture and others. Among these, chemical processing accounted for major share of global industrial salts market in 2015 and is expected to rise in the near future. The caustic soda and chlorine manufacturing sectors are the industries driving the growth of global industrial salts market worldwide. Salt is widely used as a de-icing salt in the developing economies as they fall under the snowfall regions in the world. The highway and automobile corrosion problems have been well documented and hence, high demand is reported for industrial salts from the developing economies such as North America and Europe among others.

Asia Pacific accounted for largest share of global industrial salts market in 2015 and accounted for 38% share of global market. The countries such as China and India accounted as the major consumers of industrial salts due to increasing number of chemical industries. The rising demand for industrial salts in chloralkali chemicals 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 growth of industrial salts. Europe and other regions such as Latin America and Middle East are also expected to boost market growth in the near future.

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

 

Industrial Salts Market

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 make informed strategic decisions regarding the opportunities in the global industrial salts market.

Target Audience

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

USP and Key Offerings

The report titled “Global Industrial Salts Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2022” offers strategic insights into the global industrial salts market along with the market size and estimates for the duration 2016 to 2022. The said research study covers in-depth analysis of multiple market segments based on end-user applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading industrial salts vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within industrial salts industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2014 – 2015)
  • SRC (Segment-Region-Country) Analysis

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

On the basis of its application, the industrial salt market is categorized into following segments:

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

Industrial Salts Market

Chemical processing accounted for major share of 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 sector were the major consumers in the chemical industry. Road de-icing accounted for second largest share of global industrial salt market in 2016 and is expected to increase in the near future. The use of salt as a de-icing agent has been common since 1960’s in the 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 hence salt is widely used in the regions of seasonal ice and snowfall. Regions such as North America and Europe widely use de-icing salts to provide safe environment conditions during the winter season in the regions. Hence, salt has high demand as a de-icing agent. Industrial salts have applications in wide range of end-user industries. Other applications of industrial salts such as water softening, agriculture and others that include animal feed and food processing, experienced steady growth but are projected to increase during the forecast period from 2016 to 2022.

On the basis of geography, the global industrial salt market is segmented into 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 & Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa
  • Latin America

Industrial Salts Market

Asia Pacific accounted for the largest share of global industrial salt market in 2015. It accounted for more than 38% share of global industrial salt market and is expected to increase in the near future. China and India are the 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 Pacific. Moreover, growing chemical industry in the region is also one among the factors contributing to the growth of global industrial salt market in the region. North America followed Asia Pacific in terms of growth and is expected to increase in the near future. Rising demand for industrial salt as de-icing agent is the boosting 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 for removal of snow and ice from the highways and roadways to prevent accidents. Other regions such as Middle East & Africa and Latin America are also projected to boost market demand for industrial salt during the forecast period from 2016 to 2022.

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Published Date:  Jul 2016
Category:  Chemicals
Report ID:   57998
Report Format:   PDF
Pages:   120
Rating:    4.4 (55)
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