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World Salt Market

  • July 2015
  • 315 pages
  • Freedonia
Report ID: 788601

Summary

Table of Contents

Chemical applications to grow the fastest

Growth in the Africa/Mideast and Asia/Pacific regions will drive salt demand in chemical applications, which will expand at the fastest pace of any major market for the mineral through 2020. New caustic soda production facilities in the United Arab Emirates, among other places, will boost output capacity and upstream demand for salt. On the other hand, global chemical salt demand will be offset to a certain extent by a European Union regulation set to take effect in December 2017 that will ban mercury-based chlorine production. The high cost involved in converting to membrane-based capacity will cause a number of plants to close, dampening output and therefore salt consumption.

Food salt demand increasing with convenience foods

Increases in salt consumption by food processors across the globe will remain steady. Advances in food salt demand will be driven by rising personal incomes worldwide, which will boost the consumption of packaged and convenience foods in a number of countries. Sales to livestock feed producers and distributors will accelerate from a low 2015 base, as livestock populations in North America, the Asia/Pacific region, and Eastern Europe recover from a number of diseases that devastated herds in 2014 and 2015.

Solar evaporation most common salt extraction method

Solar evaporation will remain by far the most common method for extracting salt in 2020, accounting for over two-fifths of worldwide output. This method’s low costs relative to the more energy intensive rock salt mining and brine extraction processes will support gains. In addition, a number of countries located in the two fastest growing regional markets -- the Africa/Mideast and Asia/Pacific regions -- possess climates that are ideally suited for the production of solar salt, further supporting output increases. The vacuum evaporation process will also record robust gains, supported by healthy growth in China, where higher purity standards are gaining in importance in both the chemical manufacturing and food processing industries.

Study coverage

World Salt presents historical Data (2005, 2010, 2015) plus forecasts (2020, 2025) for supply and demand, as well as demand by market, in six regions and 18 major countries. The study also considers key market environment factors, assesses the industry structure, evaluates company market share and profiles 33 global industry competitors such as Cargill, China National Salt Industry, Compass Materials and K+S.

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