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Industrial Salt Market Size & Share, by Source (Rock, Natural Brine, Solar, Vacuum Pan Salt); Application (Oil & Gas, Chemical Processing, Water Treatment, De-Icing); Production Method (Solar Evaporation, Mining, Vacuum Evaporation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 62
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Industrial Salt Market size was valued at USD 15.91 billion in 2024 and is likely to cross USD 23.96 billion by 2037, expanding at more than 3.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of industrial salt is assessed at USD 16.34 billion.

The growth of the market can be attributed to the robust growth of the application areas of industrial salt such as water treatment, chemicals, food processing and textiles. Rising international trade, increasing production capacities of salt manufacturing units and abundance of rock salt deposits are another factors expected to drive growth to the market over the forecast period. Furthermore, industrial salt is easily available owing to its high consumption and absence of other economic substitutes, which is projected to provide opportunities to market growth in the coming years.

Growth Drivers

  • Growth in Production Capacities of Industrial Salt Globally

  • Rising Demand for Industrial Salt from End User Industries

Challenges

  • Stringent Regulations Associated with the Manufacture of Industrial Salt

Industrial Salt Market: Key Insights

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

3.2%

Base Year Market Size (2024)

USD 15.91 billion

Forecast Year Market Size (2037)

USD 23.96 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Industrial Salt Segmentation

The market is segmented by application into oil & gas, chemical processing, water treatment and de-icing, out of which, the chemical processing segment is anticipated to hold the largest share in the industrial salt market on account of the growing demand for industrial salt in soda ash, chlorine and caustic soda production. The segment for de-icing is also expected to occupy a notable share in the market in the near future owing to the effective ice control properties of industrial salt such as high efficiency at lower temperatures. Furthermore, the section for oil & gas application is projected to grow significantly during the forecast period, which can be associated with the high consumption of industrial salt during drilling and extraction procedures.

Our in-depth analysis of the global market includes the following segments:

           Source
  • Rock Salt
  • Natural Brine Salt
  • Solar Salt
  • Vacuum Pan Salt

             Application
  • Oil & Gas
  • Chemical Processing
  • Water Treatment
  • De-Icing

 

 

           Production Method
  • Solar Evaporation
  • Mining
  • Vacuum Evaporation
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Industrial Salt Industry - Regional Synopsis

Regionally, the industrial salt market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific industry is anticipated to account for largest revenue share by 2037, driven by increasing salt production, and rising demand for industrial salt in water treatment and chemical processing activities. especially from developing countries such as China and India. In 2020, China led all other countries in salt production, manufacturing approximately 60,000 metric tons of salt. Along with these, rapid expansion of the chlor-alkali industry is also predicted to drive market growth in this region. In addition to this, Latin America also holds a significant share in the market, which can be credited to the rising need for industrial salt in agricultural sector, presence of a large number of natural salt deposits and high production capacities of salt manufacturing units in the region, namely in Chile and Brazil. Additionally, the market in the Middle East and Africa region is anticipated to grow at the highest rate over the forecast period accounting to the growing use of industrial salt in a diverse variety of applications in the region.

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Companies Dominating the Industrial Salt Landscape

    • Cargill, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • K+S Minerals and Agriculture GmbH
    • Tata Chemicals Ltd.
    • Compass Minerals International, Inc.
    • Rio Tinto plc
    • MITSUI & CO., LTD.
    • Morton Salt, Inc.
    • Compagnie des Salins du Midi et des Salines de l'Est
    • Maldon Crystal Salt Company Ltd
    • INEOS Capital Limited
  • Report ID: 62
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of industrial salt is assessed at USD 16.34 billion.

Industrial Salt Market size was valued at USD 15.91 billion in 2024 and is likely to cross USD 23.96 billion by 2037, expanding at more than 3.2% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is anticipated to account for largest revenue share by 2037, driven by increasing salt production, and rising demand for industrial salt in water treatment and chemical processing activities.

The major players in the market are K+S Minerals and Agriculture GmbH, Tata Chemicals Ltd., Compass Minerals International, Inc., Rio Tinto plc, and others.

Industrial Salt Market Report Scope

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