Global Industrial Salt Market

Industrial Salt Market Size, Share, Growth Analysis, By Source (Natural Brine, Rock Salt), By Production Process (Conventional Mining, Solar Evaporation), By Application (Chemical, Manufacturing), By Region - Industry Forecast 2025-2032


Report ID: SQMIG30C2126 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 92 | Figures: 76

Industrial Salt Market Insights

Industrial Salt Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 3.2% during the forecast period (2025-2032).

Industrial salts in the chemical industry are largely used for manufacturing of caustic soda, chlorine, and soda ash. Electrolysis of industrial grade salt by chlor-alkali industry manufactures caustics soda and chlorine. The demand for these products will drive the market growth

It mainly finds demand in the manufacture of pulp and paper, alumina, soap and detergents, petroleum products and chemical products. More than half of the world’s soda ash production is used in glass manufacturing, but it is also used in a wide range of other products such as powdered detergents, soaps, and rechargeable batteries. It is also used extensively in metallurgical processes, and across the food, cosmetic and pharmaceutical industries. The above-mentioned applications and demand are the major factors that propels growth of the industrial salts market.

The salt used in de-icing is the lowest grade with higher levels of impurities compared to grades used for other applications. The presence of cold regions all over the world has led to the application of industrial salts as an economic option for de-icing. The above-mentioned applications are expected to provide ample opportunities for growth of the industrial salts market. Industrial salts are widely used as agents for de-icing of roads, platforms, and walkways. Industrial salts can lower the freezing point, thereby melting the ice. It accounts for the second largest share of the overall Global Industrial Salt Market.

US Industrial Salt Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Global Industrial Salt Market size was valued at USD 14.15 billion in 2022 and is poised to grow from USD 14.61 billion in 2023 to USD 18.79 billion by 2031, growing at a CAGR of 3.2% during the forecast period (2024-2031). 

The global industrial salt market is characterized by a competitive landscape with several key players operating on a global scale. These players compete based on factors such as product quality, pricing, distribution networks, and technological advancements. Here are some prominent companies in the global industrial salt market. 'Akzo Nobel (Netherlands) ', 'Cargill Salt (U.S.) ', 'Compass Minerals International, Inc. (U.S.) ', 'INEOS Enterprises Salt (U.K.) ', 'Solvay (Belgium) ', 'K+S Aktiengesellschaft. (Germany) ', 'China National Salt Industry (China) ', 'Tata Chemicals (India) ', 'Salins Group (France) ', 'CIECH Group (Poland) ', 'Hunan Salt Industry Co., Ltd. (China) ', 'Cheetham Salt Limited (Australia) ', 'Mitsui & Co., Ltd. (Japan) ', 'Dominion Salt (New Zealand) ', 'Shandong Chengyuan Group (China) ', 'Dampier Salt Limited (Australia) ', 'Arya Group (Iran) ', 'Morton Salt (U.S.) ', 'Dead Sea Works Ltd. (Israel)  ', 'Wilson Salt Company (U.S.) '

The rapid industrialization across various sectors, including chemical manufacturing, water treatment, and oil and gas, is a major driver for the industrial salts market. The demand for salts in these industries for applications such as chemical synthesis, water softening, and drilling fluids continues to grow.

In order to manufacture the products like ethylene dichloride industrial salts are used and this is the only available option which is cost effective. It shall provide major opportunities for the growth of the market in the forecast period. 50% of industrial salts are demanded for the chemical processes across the world.

The global industrial salts market is segmented by region, North America dominates the industrial salts market, both in terms of consumption and production. With a well-established industrial infrastructure and a wide range of applications across various sectors, such as chemical manufacturing, water treatment, and oil and gas, North America remains at the forefront of the market. The region's abundant salt reserves and efficient extraction methods contribute to its leading position. Additionally, the demand for de-icing salts in winter seasons further drives the growth of the industrial salts market in North America.

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Global Industrial Salt Market

Report ID: SQMIG30C2126

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