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Industrial Salts Market 2022: Industry Insight, Drivers, Top Trends, Global Analysis and Forecast by 2027

According to IMARC Group latest report titled “Industrial Salts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on industrial salts market overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global industrial salts market reached a value of US$ 14.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.1 Billion by 2027, exhibiting a CAGR of 3% during 2022-2027.

Industrial salt, or sodium chloride, represents a white crystalline solid obtained from seawater and rock salt deposits. It is traditionally produced by mining, solar evaporation, and vacuum evaporation processes. Industrial salts have a wide range of applications in chemical processing, de-icing, farming, water treatment, etc. They are also utilized in cleaning oil and gas wells to improve soil and mud density and create an efficient and safe drilling rig. Furthermore, these salts are extensively used for manufacturing glass, polyester, tires, case-hardened steel and brass, leather, etc.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The growing product demand as an essential raw material for producing caustic soda, chlorine, soda ash, etc., is among the primary factors bolstering the industrial salts market. Moreover, various water treatment projects are utilizing industrial salt for water softening and purification, which is further catalyzing the market growth. Besides this, these salts are gaining traction in the paper and pulp industry for washing, neutralization, bleaching, and pulping waste paper, as they are cheaper than natural salt, which is acting as another significant growth-inducing factor. Furthermore, the increasing product requirement to remove ice and snow from roads to create clean and safe driving surfaces is also augmenting the global market. Apart from this, the escalating application of sodium chloride in the pharmaceutical industry for producing saline solutions and manufacturing capsules is projected to fuel the industrial salts market in the coming years.

View Full Report with TOC & List of Figure: https://bit.ly/2W7xAeI

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • Akzo Nobel N.V
  • Cargill Inc.
  • Compass Minerals International Inc
  • Dominion Salt Limited
  • Donald Brown Group
  • INEOS Group Ltd
  • K+S AG
  • Mitsui & Co. Ltd.
  • Nouryon Chemicals B.V.
  • Rio Tinto PLC
  • Tata Chemicals Limited

Industrial Salts Market Segmentation:

Our report has categorized the market based on region, source, product, application and end use industry.

Breakup by Source:

  • Brine
  • Salt Mines

Breakup by Product:

  • Rock Salt
  • Salt in Brine
  • Solar Salt
  • Vacuum Pan Salt

Breakup by Application:

  • Chemical Processing
  • Caustic Soda
  • Soda Ash
  • Chlorine
  • De-Icing
  • Oil and Gas
  • Water Treatment
  • Agriculture
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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