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Industrial Salt Market : Global Demand Analysis & Opportunity Outlook 2021

Published On : 09:40 AM, 14th September, 2017 REP-ID-62 Category: Chemicals and Materials

Industrial salts are made up of pure sodium chloride with other added chemical substances which enhances their application over wide range of industries. Industrial salts are used to develop polyester, plastic and glass and also used in production of tires, papers, brass, case-hardened steel, bleach, etc.  

The global industrial salt market is anticipated to witness a steady compound annual growth rate (CAGR) of 2.2% over the forecast period i.e. 2015-2021. Regionally, the global industrial salt market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World (Row). 

Market Segmentation

By End Use

  • Chemical processing
  • Road de-icing
  • Agriculture
  • Water conditioning

 By Production Methods

  • Brine extracted through solution mining
  • Mined rock salt
  • Seawater solar evaporation

Growth Drivers and challenges

Increase in global production of chloro-alkali chemicals is likely to boost the growth of industrial salts market over the forecast period i.e. 2015-2021.

In addition to that, rising development of paper and construction industries in Asia-Pacific region is also expected to fuel the growth of global industrial salt market in future.

However, highly fragmented nature of the industrial salt market is anticipated to restrain the growth over next few years.

Market Size and Forecast

Regionally, with 41.0% share in 2015, Asia-Pacific held the largest industrial salt market. The market in the region is further anticipated to continue its dominance by the end of the forecast period i.e. 2021, propelled by expansion of chemical industries and increasing production of chloro-alkali chemicals in countries such as India and China.    

At present, Europe and North America account for a significant share in the global industrial salt market. Demand of road de-icing and up-surged construction and manufacturing industries is projected to be a key growth driver of industrial salt market in these regions in coming 4-5 years.

Key Players

Global industrial salt market includes some of the top players such as Cargill, Compass Minerals, INEOS, CNSIC, K+S, etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
  • Middle East and North Africa (MENA)
  • Rest of World

Segmentation

  • By End Use
  • By Production Methods
  • By Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                  Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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