Industrial Salt Market

Industrial Salt Market

Industrial Salt Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

  • XPLREP5739

  • July, 2020

  • 170 Pages

  • Chemicals

Central & Latin America to Continue to be the Major Exporters of Industrial Salt

As per a report available on XploreMR, the global industrial salt market is expected to get into the exponential growth curve between 2020 and 2030.

The global industrial salt market is driven by direct usage of industrial salt in de-icing as well as farming purposes, along with indirect uses like derivation of caustic soda and chlorine. Another major application is that in “chlor-alkali” sector, as there is no economic substitute available as of now.

Something Miscellaneous

Technological innovations are making a foray into the industrial salt market in the form of vacuum pan technology (used for producing high purity salt). However, the adoption rate is lower due to industries preferring low-cost manufacturing techniques like solution mining, conventional mining, and solar evaporation.

There are solar evaporation operations/deposits with varying production capacities in nearly every country all over the world. The imports usually happen by landlocked countries. Also, it needs to be noted that certain landlocked African countries are blessed with “rock salt deposits” in the form of source.

The industrial salt market is regulated by mining regulations like the “Mine Health and Safety Act” pertaining to safety and health of miners along with regulations put into practice by the EPA (Environmental Protection Agency). The respective governments also need to approve the activities by manufacturers.

The major players make use of several transport carriers inclusive of waterways, budget-friendly railway lines, and logistics services of their own for improving on supply chain efficiency.

The basic source of “industrial salt” is “brine”. It comes from huge saline water bodies or solution mining. As mining activities are subject to the ever-increasing restrictions, use of brine is being encouraged. However, the point to note over here is that processing cost regarding production of crystals from brine is high due to growth in energy consumption for vaporizing brine. So, as of now, this technique of vaporization is used only in high-purity applications.

Solar salt does account for more than 40% of the overall market share due to high demand in agriculture and water treatment. However, as climatic conditions govern the harvest, the growth of the market could get hampered. Rock salt is basically used for de-icing. Special purity salt, mini cube, and pellet are produced by making use of vacuum pan technique and do find their applications in water softening, circuit board manufacturing, medical industry, food plants, and hospitals.

Covid-19 Impact

The outbreak of Covid-19 has disrupted the process of obtaining industrial salt due to partial/total lockdowns being inflicted all across. The situation is expected to return to normalcy somewhere in mid-2021 when Covid-19 vaccine is expected to hit the market.

Region-wise Analysis

The US and China collectively account for more than half of the market share. The consumption of industrial salt is expected to increase all the more in the forecast period due to rising industrialization all across the Asia-Pacific. The US has always been the frontrunner in this market, as de-icing is imperative over there due to extreme weather.

Central & Latin America are rich with respect to natural deposits. Chile and Brazil dominate with respect to production as well as consumption. They do export industrial salt in huge quantities to Europe and North America. Industrial diversification is leading to the growth in MEA.

Competitive Landscape

The key players in the industrial salt market include Morton Salt, Compass Mineral, and K+S Group. The first two players serve the food processing and pharmaceutical sector whereas the third one helps in de-icing.

Industrial Salt Market- Scope of the Report

A recent study by XploreMR on the industrial salt market offers a 10-year forecast for 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of the industrial salt market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of industrial salt. The study also provides the dynamics that are responsible for influencing the future status of the industrial salt market over the forecast period.

A detailed assessment of the industrial salt market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the industrial salt market along with their product portfolio enhances the reliability of this comprehensive research study.

Industrial Salt Market: Report Summary

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the industrial salt market across the globe.

A comprehensive estimate on the industrial salt market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of industrial salt during the forecast period. Price point comparison by region with global average price is also considered in the study.

 Industrial Salt Market Segmentation

XploreMR has studied the industrial salt market with a detailed segmentation on the basis of grade, source, production process, application, and region.

Grade

Source

Production Process

Application

Region

Grade-I

Rock Salt

Conventional Mining

Chemical Processing

North America

Grade-II

Natural Brine

Solar Evaporation

Caustic Soda

Latin America

Others

 

Vacuum Evaporation

Soda Ash

Europe

 

 

 

Power Industry

East Asia

 

 

 

Oil & Gas Industry

South Asia & Oceania

 

 

 

Water Treatment Industry

Middle East & Asia

 

 

 

De-Icing

 

 

 

 

Others

 

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized d and prohibited.”

Industrial Salt Market: Analysis on Market Size Evaluation

The industrial salt market has been analyzed for each market segment in terms of volume (kilo tons) and value (US$ Bn).

Market estimates at global and regional levels for industrial salt are available in terms of “US$ Bn” for value and in “kilo tons” for volume. A Y-o-Y growth contrast on prominent industrial salt market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global Industrial salt market.

Industrial Salt Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the industrial salt market report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of industrial salt market during the forecast period.

Country-specific valuation on demand for industrial salt has been offered for each regional market, along with market scope estimate sand forecasts, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

Industrial Salt Market: In-Depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of industrial salt, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of industrial salt has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the industrial salt market. Prominent companies operating in the global industrial salt market include AkzoNobel N.V, K+S AG, Sojitz, Mitsui Chemicals, Cargill, Arytomsol, Ciech S.A, Tata Chemicals, Swiss Salt Works AG, CK Life Sciences International, Compass Minerals International Inc, Infosa, and others.

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Industrial Salt Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030
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