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Industrial Salt Market by Source, Manufacturing Process, Application And Region - Global Forecast to 2022

Industrial Salt Market: Global Forecast until 2022

  • August 2017
  • 153 pages
  • ID: 5092749
In this report:
According to the United States Geological Survey, Chinese salt production declined by ##.##% in 2016 to ## million tons from ## million tons in 2015, but, import has increased to meet the local demand.
According to the United States Geological Survey (USGS), salt production in the country was ## million tons in 2016 and this production is estimated to have decreased by ##.##% in comparison to 2015, which was ## million tons.

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"The industrial salts market is estimated to rise at a compound annual growth rate of 2.80 percent between 2017 and 2022"

The industrial salts market was estimated at ~$12.7B in 2016 and is projected to extend ~$14.9B by 2022, at a compound annual growth rate of 2.80 percent between 2017 and 2022. The raised demand for industrial salts in the chemical processing, de-icing, water treatment, oil & gas, and agriculture applications is predicted to push the rise of the industrial salts market across the world. The industry demand for industrial salts is influenced by the increase of its application industries. Chemical processing is a main application of industrial salts. Industrial salts are particularly used as raw material for the manufacturing of caustic soda, chlorine, and soda ash. The growing demand for these chemicals will growth the consumption of industrial salts in the next years. Concerns over the usage of industrial salts in de-icing and food market may restrain the market increase during the outlook period.

"The chemical processing segment of the industrial salts market is anticipated to be the most important application segment of the market during the estimate period"

The chemical processing segment of the industrial salts market is anticipated to be the biggest application segment of the market during the outlook period, in terms of value importance. The increase of this segment can be connected to the increased production of caustic soda and soda ash. Expansion of the chlor-alkali sector and the rising number of water treatment plants are forecast to steer the rise of the Asia Pacific industrial salts market during the estimate period.

"Established on manufacturing process, the conventional mining process type segment of the industrial salts market is intended to witness the highest rise between 2017 and 2022"

Established on manufacturing process, the conventional mining process segment of the industrial salts market is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period between 2017 and 2022. The big availability of rock salt deposits and the landscape of these mines favoring the mining process is predicted to push the conventional mining process segment of the industrial salts market.

"The Asia Pacific industrial salts market is forecasted to witness the highest increase during the estimate period between 2017 and 2022"

The raised demand for industrial salts from the Asia Pacific area can be accredited to the increase in the chemical processing and water treatment markets in the territory. Expansion of the chlor-alkali market and the growing number of water treatment plants are forecast to steer the rise of the Asia Pacific industrial salts market during the outlook period.

Extensive primary audit sessions have been conducted to determine and verify the market value for various segments and sub-segments.

The break-up of primary interviews has been provided below.

• By Company category: Tier 1 - 50.0 percent, Tier 2 - 37.0 percent, and Tier 3 - 13.0 percent

• By Description: C-suite - 50.0 percent, D-level - 31.0 percent, and Others - 19.0 percent

• By Area: North America continent - 38.0 percent, Europe (EU) - 31.0 percent, Asia Pacific (APAC) - 25.0 percent, Middle East (ME) & African continent and South America- 6.0 percent

The firms decribed in this research report contain K+S AG, Cargill, Incorporated, Compass Minerals International Inc., China Salt Sector, Dominion Salt Ltd., Tata Chemicals Ltd, Mitsui & Co. Ltd, Exportadora De Sal De C.V., INEOS Group Holdings S.A., and Rio Tinto Plc.

Segment Research

This market research has broken down the industrial salts market based on source type, manufacturing process type, application, and area. It includes exhaustive information concerning the main factors, including drivers, industry restraints, opportunities, and possibilities influencing the increase of the market. An in-depth study of the main actors has been done to furnish industry insights on their business overviews, products & services offered, and top strategies, including investments & business developments, and mergers & acquisitions approved by them to enhance their rank in the industrial salts market.

Why Purchasing This Study Can Help You:

The analysis is expected to benefit industry top players/new sector entrants in this sector in these ways:

1. This report comprehensively segments the industrial salts market and offers the closest approximations of the market sizes for the global market and its sub-segments across several regions.

2. The market research is expected to benefit the partners distinguish the pulse of the sector and offer them information on the main market drivers, market restraints, opportunities, and alternatives.

3. This industry report is also anticipated to help the partners comprehend main competitors and obtain business insights to improve their competitive positions in the sector. The competitive outlook section includes main industry actors from different areas, providing to the market. The landscape consists of the top 25 firms ranked and grouped, on the basis of their competency parameters, including geographical presence, recent strategic developments, patents filed, and the number of employees.

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