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Home Press Releases

Industrial Salt Market worth 14.93 Billion USD by 2022

Joseph Nchor by Editorial Staff
June 23, 2022
in Press Releases
Industrial Salt Market worth 14.93 Billion USD by 2022
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(EMAILWIRE.COM, June 23, 2022 ) The report “Industrial Salt Market by Source (Rock Salt, Natural Brine), Manufacturing Process (Conventional Mining, Vacuum Evaporation, Solar Evaporation), Application (Chemical Processing, De-Icing, Water Treatment, Oil & Gas), and Region – Global Forecast to 2022″, The industrial salt market was valued at USD 12.70 Billion in 2016 and is projected to reach USD 14.93 Billion by 2022, at a CAGR of 2.8% from 2017 to 2022. The growth of the industrial salt market is driven by the increased demand for industrial salt in the chemical processing, de-icing, water treatment, oil & gas and agricultural applications.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114673715

Industrial salts are increasingly used as a key raw material in the chemical processing industry for the manufacturing of chlor-alkali, and in de-icing, water treatment, agricultural, and oil & gas applications in various countries, such as the US, Canada, Germany, China. This increased usage is expected to drive the demand for industrial salts, thereby leading to the growth of the industrial salts market across the globe. However, increasing environmental and health concerns pertaining to the use of industrial salts in certain applications may restrain the growth of the industrial salts market.

Based on source, the industrial salts market has been segmented into rock salt and natural brine. The natural brine segment of the industrial salts market is projected witness a higher growth during the forecast period. Natural brine provides most economical salt in areas with favorable weather conditions, especially in Asia Pacific.

Based on manufacturing process, the conventional mining process segment of the industrial salts market is projected to witness the highest growth during the forecast period from 2017 to 2022. The large availability of rock salt deposits and the landscape of these mines favoring the mining process are expected to drive the growth of the conventional mining process segment during the forecast periods.

Don’t miss out on business opportunities in Industrial Salt Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=114673715   

Browse in-depth TOC on “Industrial Salt Market”

158 – Market Data Tables

37 – Figures

168 – Pages

The increased demand for industrial salts from the Asia Pacific region can be attributed to the growth in the chemical processing and water treatment sectors in the region. Expansion of the chlor-alkali industry and the increasing number of water treatment plants are the major factors expected to drive the growth of the Asia Pacific industrial salts market during the forecast period.

Key companies profiled in this research report include K+S AG (Germany), Cargill, Inc. (US), Compass Minerals America Inc. (US), China National Salt Industry Co. (China), Tata Chemicals Ltd. (India), Mitsui & Co. Ltd. (Japan), Rio Tinto Group (UK), COMPAGNIE DES SALINS DU MIDI ET SALINES DE L EST (France), Dominion Salt Ltd. (New Zealand), and Exportadora de Sal de C.V. (Mexico).

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=114673715

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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