Industrial Salt Market Size, Share, Growth Analysis, By Source(Rock Salt, Natural brine), By Manufacturing process(Convention mining, solar evaporation, vacuum pan evaporation), By Application(Chemical processing, de-icing, water treatment, oil & gas), By Region - Industry Forecast 2024-2031

Industrial Salt Market size was valued at USD 13.72 billion in 2021 and is poised to grow from USD 14.6 billion in 2022 to USD 19.4 billion by 2030, at a CAGR of 3.2% during the forecast period (2023-2030).

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.