The industrial salts market was valued at USD 12.70 billion in 2016 and is projected to reach USD 14.93 billion by 2022, at a CAGR of 2.8% from 2017 to 2022. Industrial salts are manufactured using natural resources, including rock salt deposits or natural brine, such as seawater and saltwater lakes. Industrial salts are manufactured by conventional mining, vacuum evaporation, or solar evaporation processes. These salts are widely used in various industries, owing to their easy availability and cost-effectiveness.
Industrial salts are increasingly used as a key raw material in the chemical processing industry for the manufacturing of chlor-alkali, and in de-icing, water treatment, agricultural, and oil & gas applications in various countries, such as the US, Canada, Germany, China. This increased usage is expected to drive the demand for industrial salts, thereby leading to the growth of the industrial salts market across the globe. However, increasing environmental and health concerns pertaining to the use of industrial salts in certain applications may restrain the growth of the industrial salts market.
Key companies profiled in this research report include K+S AG (Germany), Cargill, Inc. (US), Compass Minerals America Inc. (US), China National Salt Industry Co. (China), Tata Chemicals Ltd. (India), Mitsui & Co. Ltd. (Japan), Rio Tinto Group (UK), COMPAGNIE DES SALINS DU MIDI ET SALINES DE L EST (France), Dominion Salt Ltd. (New Zealand), and Exportadora de Sal de C.V. (Mexico).
