Introduction
The global industrial salts market is poised to grow at a CAGR of 6.43% from 2023 to 2030. The report covers the current status and future prospects of the global industrial salts market for the period of 2023–2030. The study includes a detailed analysis of the key drivers, restraints, opportunities, and challenges affecting the growth of the market. The report offers an in-depth analysis of the global industrial salts market with a focus on the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Market Overview
Industrial salts are used in a wide range of applications including chemical manufacturing, food processing, de-icing, and water treatment. Due to their high solubility in water and low cost, they are increasingly replacing other traditional salt products such as rock salt and solar salt.
With rapid industrialization and urbanization across the globe, the demand for industrial salts is expected to continue increasing over the next few years. Some of the other factors driving the market growth include population growth, rise in disposable incomes, and changing lifestyles.
The report has segmented the global industrial salts market on the basis of type, application, and region. On the basis of type, it has been classified into sodium chloride (NaCl), calcium chloride (CaCl2), magnesium chloride (MgCl2), potassium chloride (KCl), and others. The sodium chloride category accounts for major share due to its widespread use in various industries such as chemical manufacturing, oil & gas drilling, food processing etc.
On the basis of application, the market has been segregated into chemical manufacturing, food & beverage processing, de-icing & snow melting highway uses mining & construction uses, textile dyeing & printing processes, leather tanning processes.
Covid-19 Impact on Industrial Salts Market:The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Report IncludesAn overview of the global Industrial Salts market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2030. It also includes breakdowns of the overall Industrial Salts market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Industrial Salts market and comprehensive profiles of leading companies in the industry
Report ScopeThe report forecasts the size of the Industrial Salts market for components from 2023 through 2030
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:The global industrial salts market is segmented on the basis of product type, applications, and regions. On the basis of product type, the global industrial salts market is classified into rock salt, solar salt, vacuum salt, and others. On the basis of applications, the global industrial salts market is classified into chemicals & pharmaceuticals, food & beverages, de-icing, and others.
Global Industrial Salts Market Competitive Analysis:Key players in the Global Industrial Salts market are K+S AG (Germany), Cargill, Inc. (U.S.), Compass Minerals America Inc. (U.S.), China National salt Industry Co. (China), Tata Chemicals Ltd. (India), Mitsui & Co. Ltd. (Japan), Rio Tinto Group (U.K.), COMPAGNIE DU SALINS DU MIDI AND SALINES DE L'EST (France), Dominion Salt Ltd. (New Zealand) and Exportadora de Sal de C.V. (Mexico). and among other players.
*All our reports are customizable as per customer requirementsThis study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2030. Global Industrial Salts market is distributed on the basis of below-mentioned segments:
Global Industrial Salts market, By Type:
Global Industrial Salts market, By Segment 2:
- Chemical Processing
- De-Icing
- Oil & Gas
- Water Treatment
- Agriculture
- Others
Global Industrial Salts market, By Region:
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
List of Figures
Figure 1: Global Industrial Salts Market Revenue Breakdown (USD Billion, %) by Region, 2023 & 2030
Figure 2: Global Industrial Salts Market Value Share (%), By Segment 1, 2023 & 2030
Figure 3: Global Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 4: Global Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 5: Global Industrial Salts Market Value Share (%), By Segment 2, 2023 & 2030
Figure 6: Global Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 7: Global Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 8: Global Industrial Salts Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 9: Global Industrial Salts Market Forecast (USD Billion), by Others, 2018-2030
Figure 10: Global Industrial Salts Market Value Share (%), By Segment 3, 2023 & 2030
Figure 11: Global Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 12: Global Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 13: Global Industrial Salts Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 14: Global Industrial Salts Market Forecast (USD Billion), by Others, 2018-2030
Figure 15: Global Industrial Salts Market Value (USD Billion), by Region, 2023 & 2030
Figure 16: North America Industrial Salts Market Value Share (%), By Segment 1, 2023 & 2030
Figure 17: North America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 18: North America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 19: North America Industrial Salts Market Value Share (%), By Segment 2, 2023 & 2030
Figure 20: North America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 21: North America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 22: North America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 23: North America Industrial Salts Market Forecast (USD Billion), by Others, 2018-2030
Figure 24: North America Industrial Salts Market Value Share (%), By Segment 3, 2023 & 2030
Figure 25: North America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 26: North America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 27: North America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 28: North America Industrial Salts Market Forecast (USD Billion), by Others, 2018-2030
Figure 29: North America Industrial Salts Market Forecast (USD Billion), by U.S., 2018-2030
Figure 30: North America Industrial Salts Market Forecast (USD Billion), by Canada, 2018-2030
Figure 31: Latin America Industrial Salts Market Value Share (%), By Segment 1, 2023 & 2030
Figure 32: Latin America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 33: Latin America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 34: Latin America Industrial Salts Market Value Share (%), By Segment 2, 2023 & 2030
Figure 35: Latin America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 36: Latin America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 37: Latin America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 38: Latin America Industrial Salts Market Forecast (USD Billion), by Others, 2018-2030
Figure 39: Latin America Industrial Salts Market Value Share (%), By Segment 3, 2023 & 2030
Figure 40: Latin America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 41: Latin America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 42: Latin America Industrial Salts Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 43: Latin America Industrial Salts Market Forecast (USD Billion), by Others, 2018-2030
Figure 44: Latin America Industrial Salts Market Forecast (USD Billion), by Brazil, 2018-2030
Figure 45: Latin America Industrial Salts Market Forecast (USD Billion), by Mexico, 2018-2030
Figure 46: Latin America Industrial Salts Market Forecast (USD Billion), by Rest of Latin America, 2018-2030
Figure 47: Europe Industrial Salts Market Value Share (%), By Segment 1, 2023 & 2030
Figure 48: Europe Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 49: Europe Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 50: Europe Industrial Salts Market Value Share (%), By Segment 2, 2023 & 2030
Figure 51: Europe Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 52: Europe Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 53: Europe Industrial Salts Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 54: Europe Industrial Salts Market Forecast (USD Billion), by Others, 2018-2030
Figure 55: Europe Industrial Salts Market Value Share (%), By Segment 3, 2023 & 2030
Figure 56: Europe Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 57: Europe Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 58: Europe Industrial Salts Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 59: Europe Industrial Salts Market Forecast (USD Billion), by Others, 2018-2030
Figure 60: Europe Industrial Salts Market Forecast (USD Billion), by U.K., 2018-2030
Figure 61: Europe Industrial Salts Market Forecast (USD Billion), by Germany, 2018-2030
Figure 62: Europe Industrial Salts Market Forecast (USD Billion), by France, 2018-2030
Figure 63: Europe Industrial Salts Market Forecast (USD Billion), by Italy, 2018-2030
Figure 64: Europe Industrial Salts Market Forecast (USD Billion), by Spain, 2018-2030
Figure 65: Europe Industrial Salts Market Forecast (USD Billion), by Russia, 2018-2030
Figure 66: Europe Industrial Salts Market Forecast (USD Billion), by Rest of Europe, 2018-2030
Figure 67: Asia Pacific Industrial Salts Market Value Share (%), By Segment 1, 2023 & 2030
Figure 68: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 69: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 70: Asia Pacific Industrial Salts Market Value Share (%), By Segment 2, 2023 & 2030
Figure 71: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 72: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 73: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 74: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Others, 2018-2030
Figure 75: Asia Pacific Industrial Salts Market Value Share (%), By Segment 3, 2023 & 2030
Figure 76: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 77: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 78: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 79: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Others, 2018-2030
Figure 80: Asia Pacific Industrial Salts Market Forecast (USD Billion), by China, 2018-2030
Figure 81: Asia Pacific Industrial Salts Market Forecast (USD Billion), by India, 2018-2030
Figure 82: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Japan, 2018-2030
Figure 83: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Australia, 2018-2030
Figure 84: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Southeast Asia, 2018-2030
Figure 85: Asia Pacific Industrial Salts Market Forecast (USD Billion), by Rest of Asia Pacific, 2018-2030
Figure 86: Middle East & Africa Industrial Salts Market Value Share (%), By Segment 1, 2023 & 2030
Figure 87: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 88: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 89: Middle East & Africa Industrial Salts Market Value Share (%), By Segment 2, 2023 & 2030
Figure 90: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 91: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 92: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 93: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by Others, 2018-2030
Figure 94: Middle East & Africa Industrial Salts Market Value Share (%), By Segment 3, 2023 & 2030
Figure 95: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 96: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 97: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 98: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by Others, 2018-2030
Figure 99: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by GCC, 2018-2030
Figure 100: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by South Africa, 2018-2030
Figure 101: Middle East & Africa Industrial Salts Market Forecast (USD Billion), by Rest of Middle East & Africa, 2018-2030
List of Tables
Table 1: Global Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 2: Global Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 3: Global Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 4: Global Industrial Salts Market Revenue (USD Billion) Forecast, by Region, 2018-2030
Table 5: North America Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 6: North America Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 7: North America Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 8: North America Industrial Salts Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Table 9: Europe Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 10: Europe Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 11: Europe Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 12: Europe Industrial Salts Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Table 13: Latin America Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 14: Latin America Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 15: Latin America Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 16: Latin America Industrial Salts Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Table 17: Asia Pacific Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 18: Asia Pacific Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 19: Asia Pacific Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 20: Asia Pacific Industrial Salts Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Table 21: Middle East & Africa Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 22: Middle East & Africa Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 23: Middle East & Africa Industrial Salts Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 24: Middle East & Africa Industrial Salts Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model