Dublin, April 08, 2020 (GLOBE NEWSWIRE) -- The "Industrial Salt Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global industrial salt market is witnessing a steady growth in terms of consumption. The chemical sector is one of the major end-users of industrial salt, where it is primarily used in the production of Chlor-alkali (chlorine and caustic soda) and synthetic soda ash. Chlor-alkali production is the largest market for salt, accounting for approximately 36% of world consumption in 2018. Around 52% of the global consumption was witnessed in East Asia, followed by North America (18%) and Western Europe (14%). The growing demand for products such as caustic soda and soda ash is driving the growth of Chlor-alkali.
The growing demand for potable water consumption due to population growth, rise in the number of water-borne ailments, increase in acceptance in industrial applications such as food processing, chemical, textiles, and refineries would further support the growth. APAC dominates the market for water treatment with China, Japan, South Korea, and India leading the race. Strict regulations related to water treatment are expected to drive the market demand in several sectors, including pharmaceuticals, chemicals, and refineries.
The following factors are likely to contribute to the growth of the industrial salt market during the forecast period:
- Growth in International Trade
- Rising Demand for Water Treatment
- Growth in Industrial Production Capacity
The study considers the present scenario of the industrial salt market and its market dynamics for the period 20192025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Industrial Salt Market: Segmentation
This research report includes a detailed segmentation by product, source, application, and geography. The chemical industry is the largest end-user. Salt is used as a raw material for the production of chlorine, soda ash, and caustic soda. The growing demand in the Chlor-alkali industry is primarily driving the growth. Further, the growth in construction activities is also supporting the growing demand for PVC and glass. Industrial salt constitutes a key component in manufacturing PVC and glass, hence, the growth in construction activities is likely to generate demand in the region.
Highway de-icing forms the major market for industrial salt in North America and Europe. The application of industrial salt can not only help in de-icing but also delays the formation of ice for a long time. According to research conducted in Wisconsin, the application of salt for snow melting is estimated to reduce accidents by 88% in the US. Cold and frosty winters in North America and Europe have also resulted in a high import of salt for de-icing, thereby increasing the market share.
The solar segment is expected to account for the majority of the volume share during the forecast period. The low-production cost is primarily responsible for the growth of the segment. Solar salt is expected to witness the fastest growth in terms of consumption during the forecast period. It is likely to witness the highest demand in the APAC region owing to the rapidly growing production of high-quality products, especially in India, Australia, and Pakistan.
Vacuum evaporated salts usually have the highest purity levels. Chemical industries, especially Chlor-alkali production, require high-quality products, which is primarily driving the demand for vacuum evaporated products. Further, in the food processing industry, the demand from quality-conscious consumers for pure products is growing.
Salt mining accounted for approximately 32% of the market share in 2019. The growing demand for brine in chemical industries is expected to drive the segment. The demand is expected to witness high growth in consumption during the forecast period, as compared to mining. Seawater is practically inexhaustible as compared to mining. Mining, however, have a restricted capacity of production. Rock salt produced in mines have lower purity levels and have limited usage in de-icing and chemical industries. The rapidly growing market for chemical and de-icing is primarily driving the market growth.
Seawater salt is primarily used in oil and gas exploration, paper and pulp industry, metal processing industry such as aluminum, tanning and leather treatment, textile and dyeing industry. It accounted for approximately, 66% of the global consumption, primarily owing to the abundance in the availability of saline seawater. The application is increasing in food processing, refrigeration, and cooling systems. It is also used as heat-transfer media because of low freezing temperatures or as a vapor-absorption agent because of low vapor pressure. Brine is also extensively used in steel and aluminum industries, thereby driving the segment growth.
Key Vendors
- Cargill
- China National SaltIndustry Group Co. Ltd
- Tata Chemical Limited
- Compass Minerals
- INEOS Group
- K+S
Other Prominent Vendors
- Mitsui & Co. Ltd.
- Rio Tinto
- Delmon Group of Companies
- Nouryan
- Zoutman
- Wilson
- Amra Salt
- Donald Brown Group
- Swiss Saltworks
- Salins Group
- CIECH Group
- American Rock Salt
- Atisale SpA
- Avan Salt Plant
- Ibrica de Sales S.A.
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Salt Trade Analysis
8 Market Opportunities & Trends
8.1 Growth in International Trade
8.2 Growth in Solar Evaporation
9 Market Growth Enablers
9.1 Rising Demand for Water Treatment
9.2 Growth of Chlor-Alkali Industry
9.3 Growing Industrial Production Capacity
10 Market Restraints
10.1 Changing Environmental Regulations to Increase Freight Cost
10.2 Winter Variability Affecting Salt Sales for De-Icing
10.3 Stringent Government Regulations
11 Market Landscape
11.1 Market Overview
11.2 Five Forces Analysis
11.2.1 Threat of New Entrants
11.2.2 Bargaining Power of Suppliers
11.2.3 Bargaining Power of Buyers
11.2.4 Threat of Substitutes
11.2.5 Competitive Rivalry
12 Source Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Mining
12.3.1 Salt Mining Process
12.3.2 Market Size & Forecast
12.3.3 Market by Geography
12.4 Sea Water
12.4.1 Salt Extraction Process
12.4.2 Market Size & Forecast
12.4.3 Market by Geography
13 Product Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Solar Salt
13.3.1 Production Process
13.3.2 Market Size & Forecast
13.3.3 Market by Geography
13.4 Vacuum Salt
13.4.1 Production Process
13.4.2 Market Size & Forecast
13.4.3 Market by Geography
13.5 Rock Salt
13.5.1 Production Process
13.5.2 Market Size & Forecast
13.5.3 Market by Geography
13.6 Salt in Brine
13.6.1 Production Process
13.6.2 Market Size & Forecast
13.6.3 Market by Geography
14 Application
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Chemical
14.3.1 Market Size & Forecast
14.3.2 By Geography
14.4 DE-ICING
14.4.1 Market Size & Forecast
14.4.2 By Geography
14.5 Water Treatment
14.5.1 Market Size & Forecast
14.5.2 By Geography
14.6 Oil & Gas
14.6.1 Market Overview
14.6.2 By Geography
14.7 Others
14.7.1 Market Size & Forecast
14.7.2 By Geography
15 Geography
15.1 Market Snapshot & Growth Engine (Revenue)
15.2 Market Snapshot & Growth Engine (Volume)
15.3 Geographic Overview
15.3.1 By Revenue
15.3.2 By Volume
16 APAC
16.1 Market Size & Forecast
16.2 Source Type
16.2.1 Market Size & Forecast
16.3 Product Type
16.3.1 Market Size & Forecast
16.4 Application Type
16.4.1 Market Size & Forecast
16.5 Key Countries
16.5.1 China: Market Size & Forecast
16.5.2 India: Market Size & Forecast
16.5.3 Australia: Market Size & Forecast
17 North America
17.1 Market Size & Forecast
17.2 Source Type
17.2.1 Market Size & Forecast
17.3 Product Type
17.3.1 Market Size & Forecast
17.4 Application Type
17.4.1 Market Size & Forecast
17.5 Key Countries
17.5.1 US: Market Size & Forecast
17.5.2 Canada: Market Size & Forecast
18 Europe
18.1 Market Size & Forecast
18.2 Source Type
18.2.1 Market Size & Forecast
18.3 Product Type
18.3.1 Market Size & Forecast
18.4 Application Type
18.4.1 Market Size & Forecast
18.5 Key Countries
18.5.1 UK: Market Size & Forecast
18.5.2 Germany: Market Size & Forecast
18.5.3 France: Market Size & Forecast
18.5.4 Poland: Market Size & Forecast
18.5.5 Russia: Market Size & Forecast
19 Latin America
19.1 Market Size & Forecast
19.2 Source Type
19.2.1 Market Size & Forecast
19.3 Product Type
19.3.1 Market Size & Forecast
19.4 Application Type
19.4.1 Market Size & Forecast
19.5 Key Countries
19.5.1 Mexico: Market Size & Forecast
19.5.2 Brazil: Market Size & Forecast
20 Middle East & Africa
20.1 Market Size & Forecast
20.2 Source Type
20.2.1 Market Size & Forecast
20.3 Product Type
20.3.1 Market Size & Forecast
20.4 Application Type
20.4.1 Market Size & Forecast
20.5 Key Countries
20.5.1 Turkey: Market Size & Forecast
20.5.2 Iran: Market Size & Forecast
21 Competitive Landscape
21.1 Competition Overview
22 Key Company Profiles
23 Other Prominent Vendors
24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations
25 Quantitative Summary
For more information about this report visit https://www.researchandmarkets.com/r/easj8l
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.