Report: Industrial Salt Market: Next 3 Years Global Industrial Salt Industry to 2025 - Key Players Include Cargill, Tata
Chemical & Compass Minerals Among Others
Dublin, April 08, 2020 (GLOBE NEWSWIRE) -- The "Industrial Salt Market - Global Outlook and Forecast 2020-
2025" report has been added to ResearchAndMarkets.com's offering.
The global industrial salt market is witnessing a steady growth in terms of consumption. The chemical sector is
one of the major end-users of industrial salt, where it is primarily used in the production of Chlor-alkali (chlorine
and caustic soda) and synthetic soda ash. Chlor-alkali production is the largest market for salt, accounting for
approximately 36% of world consumption in 2018. Around 52% of the global consumption was witnessed in East
Asia, followed by North America (18%) and Western Europe (14%). The growing demand for products such as
caustic soda and soda ash is driving the growth of Chlor-alkali.
The growing demand for potable water consumption due to population growth, rise in the number of water-borne
ailments, increase in acceptance in industrial applications such as food processing, chemical, textiles, and
refineries would further support the growth. APAC dominates the market for water treatment with China, Japan,
South Korea, and India leading the race. Strict regulations related to water treatment are expected to drive the
market demand in several sectors, including pharmaceuticals, chemicals, and refineries.
The following factors are likely to contribute to the growth of the industrial salt market during the forecast period:
Growth in International Trade
Rising Demand for Water Treatment
Growth in Industrial Production Capacity
The study considers the present scenario of the industrial salt market and its market dynamics for the period
20192025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study
offers both the demand and supply aspects of the market. It profiles and examines leading companies and other
prominent ones operating in the market.
Industrial Salt Market: Segmentation
This research report includes a detailed segmentation by product, source, application, and geography. The
chemical industry is the largest end-user. Salt is used as a raw material for the production of chlorine, soda ash,
and caustic soda. The growing demand in the Chlor-alkali industry is primarily driving the growth. Further, the
growth in construction activities is also supporting the growing demand for PVC and glass. Industrial salt
constitutes a key component in manufacturing PVC and glass, hence, the growth in construction activities is
likely to generate demand in the region.
Highway de-icing forms the major market for industrial salt in North America and Europe. The application of
industrial salt can not only help in de-icing but also delays the formation of ice for a long time. According to
research conducted in Wisconsin, the application of salt for snow melting is estimated to reduce accidents by
88% in the US. Cold and frosty winters in North America and Europe have also resulted in a high import of salt for
de-icing, thereby increasing the market share.
The solar segment is expected to account for the majority of the volume share during the forecast period. The
low-production cost is primarily responsible for the growth of the segment. Solar salt is expected to witness the
fastest growth in terms of consumption during the forecast period. It is likely to witness the highest demand in the
APAC region owing to the rapidly growing production of high-quality products, especially in India, Australia, and
Pakistan.
Vacuum evaporated salts usually have the highest purity levels. Chemical industries, especially Chlor-alkali
production, require high-quality products, which is primarily driving the demand for vacuum evaporated products