Press release
Industrial Salt Market to Expand at a Healthy CAGR of 4% through 2031
Industrial Salt Market
Market growth is mainly attributed increased application of industrial salt such as in chemical processing, caustic soda, soda ash, water treatment, de-Icing, and many more. Global consumption of industrial salt is poised to increase to 455 KT by 2031.
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Key Segments of Industrial Salt Industry Research
By Grade
Grade-I Industrial Salt
Grade-II Industrial Salt
Others
By Source
Rock Salt
Natural Brine
By Production Process
Conventional Mining
Solar Evaporation
Vacuum Evaporation
By Application
Industrial Salt for Chemical Processing
Caustic Soda
Soda Ash
Industrial Salt for Power Industry
Industrial Salt for Oil & Gas Industry
Industrial Salt for Water Treatment Industry
Industrial Salt for De-Icing
Others
Key Takeaways from Market Study
The global industrial salt market is anticipated to witness decent growth over the period of forecast and create a value opportunity of around US$ 6.3 Bn, adding 1.5X value as compared to 2020.
Oil & gas applications are set to dominate market revenue in 2021, and expected to gain 20 BPS in their market share by 2031.
The de-icing segment is anticipated to lose around 67 BPS over the forecast period.
East Asia holds a leading share in the global industrial salt market, of which, China has captured a lion’s share of the demand.
The COVID-19 pandemic adversely affected all regions and industries. With the oil & gas sector - an important end user of industrial gas – being badly affected, growth of the market will be sluggish in 2021..
The latest industry analysis and survey on Industrial Salt provides sales outlook in 20+ countries, across key categories. Insights and outlook on Industrial Salt market drivers, trends, and influencing factors are also included in the study.
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This report gives you access to decisive data such as:
• Demand of Industrial Salt Market & Growth drivers
• Factors limiting Industrial Salt market growth
• Current key trends of Industrial Salt Market
• Market Size of Industrial Salt and Industrial Salt Sales projections for the coming years
Crucial insights in Industrial Salt market research report:
• Underlying macro- and microeconomic factors impacting the Sales of Industrial Salt market.
• Basic overview of the Industrial Salt, including market definition, classification, and applications.
• Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend and supply side analysis of Industrial Salt across various industries.
• Important regions and countries offering lucrative opportunities to market stakeholders.
The Demand of Industrial Salt Market study includes the current market scenario on the global platform and also Sales of Industrial Salt Market development during the forecast period.
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Competitive landscape
Top manufacturers of industrial salt include AkzoNobel N.V, K+S AG, Sojitz, Mitsui Chemicals, Cargill, Arytomsol, Ciech S.A, Tata Chemicals, Swiss Salt Works AG, CK Life Sciences International, Compass Minerals International Inc., and Infosa.
All these manufacturers are focussed on gaining maximum market attraction, delivery, portfolio expansion, and brand development.
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List of the Leading Companies Profiled in the Industrial Salt Market are:
To provide decision-makers with credible insights on their competitive landscape, the Industrial Salt Market industry research report includes detailed competitive landscape analysis.
The competitive landscape analysis for Industrial Salt Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players. The respective market share of Industrial Salt manufacturers is provided so business leaders can understand the market scenario.
An assessment on the winning strategies of key Industrial Salt Market manufacturers is provided, with recommendation on what works well in Industrial Salt Market landscape.
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