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The industrial salt market size is estimated to forecast to increase by USD 4.06 billion, at a CAGR of 5.02% between 2023 and 2028. The growth of the market hinges on diverse industrial applications, particularly in the production of chlor-alkali chemicals. Increasing demand for industrial salt in de-icing and anti-icing applications further propels market expansion. Industrial salt plays a crucial role across various industries, including chemical manufacturing, water treatment, and food processing. Its significance extends to metallurgical processes and pharmaceutical production, where purity and consistency are paramount. The rise in chlor-alkali chemical production, which heavily relies on industrial salt, underscores its integral role in modern industrial processes. As global infrastructure development continues and climate variability necessitates effective de-icing solutions, the market is poised for sustained growth. Market participants are adapting to these trends by enhancing production capabilities and exploring new applications to meet evolving industry demands efficiently.
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The market thrives on diverse natural resources such as rock salt deposits, sea water, and salty lakes, sourced through conventional mining or vacuum and solar evaporation processes. Industrial salt finds extensive use in chlor-alkali chemicals production, essential for manufacturing chlorine and sodium hydroxide. It also plays a vital role in water treatment industries and water desalination plants, where sodium chloride from saltwater is crucial. The market supports various sectors including the chlor-alkali sector, energy production facilities, and the food and beverage industry. Additionally, industrial salt is utilized in cloud seeding and as a component in water desalination processes, ensuring clean water supply. As global demand for industrial applications continues to grow, stakeholders are focusing on sustainable sourcing methods and technological advancements to meet industry standards effectively. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The wide range of industrial applications of industrial salt is the key factor driving the growth of the market. Chemical treatment, water treatment, and de-icing are some of the key application areas with high industrial salt demand. Other industrial salt applications include feedstock, metalworking, tanning treatments, rubber manufacturing processes, oil and gas exploration, pulp and paper production, pharmaceutical applications, and dyeing. Stedy industrialization is driving the growth of the market owing to the growing demand for salt in various industrial applications.
Moreover, the main application segment of salt is the chemical processing industry. Salt is used as an essential ingredient in the production of various chemical substances, such as sodium carbonate, caustic soda, and chlorine, which are used in the manufacture of a wide variety of industrial products, including solvents, and alumina, and synthetic products. The wide applicability of salt in the chemical processing industry is driving the global demand for salt. As a result, multiple industrial salt applications in several industries will drive the growth of the market during the forecast period.
The growing popularity of vacuum pan technology for salt production is a primary trend in the market. The need to produce high-quality salt has prompted some suppliers to choose advanced technological methods, such as the vacuum pan technology method. This method involves evaporating brine using the heat of the steam in large commercial evaporators called vacuum pans.
Moreover, the vacuum pan method yields very pure salt with a very fine texture. Salt obtained through vacuum tank technology is mainly used in applications such as food processing and chemical production, which require high-quality salt. Additionally, silver salt production by vacuum pan technology is gaining attention as a specialized method in certain industrial applications, including the synthesis of advanced materials and compounds. This emerging trend underscores the versatility and purity achievable through vacuum pan technology, making it a preferred choice in sectors demanding precise and high-quality inputs like silver salts. Hence, the adoption of vacuum pan technology for silver salt production is poised to be a prevailing trend driving market growth during the forecast period.
The sluggish growth of the paper and pulp industry is a challenge that affects the growth of the market. Industrial salt demand in developed countries in Europe has declined in recent years due to the stagnant growth of the pulp and paper industry. This is one of the main constraints faced by suppliers in the European market. This leads to a decline in the demand for caustic soda, a salt-based product widely used in the chemical industry.
In addition, European suppliers face stiff competition from large industrial salt producers based in the APAC region. Likewise, the slow growth of the chemical industry in Western Europe is preventing suppliers from gaining market share in the market. Therefore, the slow growth of the pulp and paper industry in Europe is expected to impede the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Tata Sons Pvt. Ltd.: The company offers industrial salt such as magadi dry industrial salt for leather tanning, caustic, and chlorine production.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The rock salt segment is estimated to witness significant growth during the forecast period. Due to its wide application in the deicing of roads, sidewalks, and others, particularly where there is a high level of snowfall requiring snow removal, it is envisaged that demand for rock salt will rise. Furthermore, rock salt is applied in water treatment applications including to dissolve and purify drinking water.
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The rock salt segment was the largest and was valued at USD 8.03 billion in 2018. Rock salt is used in agriculture to enhance soil drainage and as a mineral supplement in animal feed. Agricultural activities and the need to increase crop and agricultural production will positively affect the use of rock salt. Therefore, the diverse applications of rock salt in various industrial processes, such as the production of plastics, paper, textiles, and detergents, will drive the growth of the rock salt segment of the market during the forecast period.
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APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The increasing demand for salt in developing countries, such as India and China, due to rapid industrial development has been one of the driving factors behind the growth of the market in the APAC region. In the APAC, China is the world's biggest salt producer. The growing market for industrial salt in this region is driven primarily by China's chloralkali industry.
Furthermore, India is another leading salt-producing country in the APAC region. The country exports its excess salt production to various countries, such as Japan, Bangladesh, Indonesia, South Korea, North Korea, Malaysia, the United Arab Emirates, and Vietnam. Most of India's salt demand comes from the main domestic salt industries, including caustic soda, soda ash, and chlorine. Furthermore, the Indian government plays an important role in the development of the salt industry. Hence, such factors are expected to drive market growth in the region during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market is buoyed by vacuum evaporation techniques, pivotal for extracting salt from sea water and salty lakes. Emerging economies drive demand, leveraging industrial salt in water treatment projects and purification process for water softening. It plays a crucial role in de-icing applications on roadways, ensuring safety during winter months. Inventories are managed efficiently through capacity expansions, responding to market dynamics highlighted in Bloomberg BusinessWeek. Industrial salt is integral to chlorine-alkali chemicals production, essential for manufacturing chlorine and sodium hydroxide. While mercury-based technology historically played a role, advancements favor sustainable practices. Solar pools utilize salt for water treatment, supporting hygiene standards in the food and beverage sector. As global industries evolve, the market adapts with innovative solutions, meeting diverse application needs while addressing environmental and economic considerations.
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Market Scope |
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Report Coverage |
Details |
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Page number |
178 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.02% |
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Market Growth 2024-2028 |
USD 4.06 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.69 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 48% |
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Key countries |
China, US, India, Germany, and Australia |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Cargill Inc., CK Hutchison Holdings Ltd., Compass Minerals International Inc., Dev Salt Pvt. Ltd., Dominion Salt Ltd., Donald Brown Group, INEOS AG, Irish Salt Mining and Exploration Co. Ltd., Israel Chemicals Ltd., KS Aktiengesellschaft, Mitsui and Co. Ltd., Nobian, Rio Tinto Ltd., Salins Group, Solvay SA, Sudwestdeutsche Salzwerke AG, Tata Sons Pvt. Ltd., Wacker Chemie AG, Wilson Resources Ltd., and ZOUTMAN NV |
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Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Source
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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