Market Highlights: Industrial salt, made by the chemical substances with sodium chloride that enhances their wide range of industrial applications, and used to develop polyester, glass and plastic. And, also used in the production of case-hardened steel, brass, tires, etc. Owing to improve the density of soil and mud in oil & gas industry, industrial salt provides a more efficient and safe drilling rig. Moreover, innovations such as the use of magnesium chloride liquid along with sodium chloride for improved properties are expected to offer the lucrative opportunity in the growth of the industrial salts in de-icing applications. The market study is being classified, by Application (Agriculture, Chemical Processing, De-Icing, Oil & Gas, Water Treatment and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Industrial Salts are K+S AG (Germany), Cargill, Inc. (United States), Compass Minerals America Inc. (United States), China National Salt Industry Co. (China), Tata Chemicals Ltd. (India), Mitsui & Co. Ltd. (Japan), Rio Tinto Group (United Kingdom), SALINES Group (France), Dominion Salt Ltd. (New Zealand) and Exportadora de Sal de C.V. (Mexico).
The Source Type, such as Rock Salt, is boosting the Industrial Salts market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Production Method, such as Conventional Mining, is boosting the Industrial Salts market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights In 2023, Cargill’s salt business has signed an agreement with CIECH Group. CIECH's food grade evaporated salts will be coupled with Cargill's market-leading portfolio of specialist food salts, which includes Alberger, Premier, Microsized, and Potassium Pro. Cargill now has access to a broad spectrum of specialised and evaporated food salt solutions for European food makers thanks to its collaboration with CIECH, which has facilities in Janikowo, Poland, and Stassfurt, Germany.
Key Questions Answered in the Report What will the Industrial Salts Market size and the growth rate be in Future? What are the key factors driving the Industrial Salts Market? What are the key market trends and macro-economic impacting the growth of the Industrial Salts Market? What are the challenges to market growth? Who are the key vendors in the Industrial Salts Market? What are the market opportunities and threats faced by the vendors in the Industrial Salts Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Industrial Salts Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Industrial Salts market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Industrial Salts market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Suppliers of Raw Materials, Manufacturers of Industrial salts, Traders, Distributors, and Suppliers of Industrial salts, Government & Regional Agencies and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.