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PUBLISHER: IMARC | PRODUCT CODE: 1390674
PUBLISHER: IMARC | PRODUCT CODE: 1390674
Industrial Salts Market Report by Source (Brine, Salt Mines), Product (Rock Salt, Salt in Brine, Solar Salt, Vacuum Pan Salt), Application (Chemical ProcessingDe-Icing, Oil and Gas, Water Treatment, Agriculture, and Others), and Region 2023-2028
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PAGES: 148 Pages
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Abstract
The global industrial salts market size reached US$ 15.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.5 Billion by 2028, exhibiting a growth rate (CAGR) of 2.85% during 2022-2028.
Industrial salts, or sodium chloride, is a white crystalline solid manufactured using seawater and rock salt deposits. It is conventionally produced by mining, vacuum evaporation, and solar evaporation processes. Industrial salt finds a wide range of applications in chemical processing, de-icing, water treatment, and farming. In the oil and gas industry, it is utilized in cleaning oil and gas wells to improve soil and mud density and create an efficient and safe drilling rig. It is also employed in the manufacturing of glass, polyester, tires, case-hardened steel and brass, and leather.
Industrial Salts Market Trends:
The global industrial salts market is primarily driven by its growing demand as a key raw material for producing caustic soda, chlorine and soda ash. Various water treatment projects across the globe also employ industrial salt for water softening and purification. Besides this, industrial salt is widely utilized in the paper and pulp industry for washing, bleaching, neutralization, and pulping wastepaper as it is cheaper than natural salt. Moreover, industrial salt is used to remove ice and snow from roads for creating a safe and clean driving surface. In the pharmaceutical industry, it is utilized for producing saline solutions and manufacturing capsules. Furthermore, industrial salt is extensively used in the chlor-alkali sector as a filler in detergents and solvents due to the lack of a suitable economic substitute, easy availability in large quantities, and cost-effectiveness.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial salts market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, product and application.
Breakup by Source:
Brine
Salt Mines
Breakup by Product:
Rock Salt
Salt in Brine
Solar Salt
Vacuum Pan Salt
Breakup by Application:
Chemical Processing
Caustic Soda
Soda Ash
Chlorine
De-Icing
Oil and Gas
Water Treatment
Agriculture
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V, Cargill Inc., Compass Minerals International Inc, Dominion Salt Limited, Donald Brown Group, INEOS Group Ltd, K+S AG, Mitsui & Co. Ltd., Nouryon Chemicals B.V., Rio Tinto PLC and Tata Chemicals Limited.
Key Questions Answered in This Report
- 1. What was the size of the global industrial salts market in 2022?
- 2. What is the expected growth rate of the global industrial salts market during 2023-2028?
- 3. What has been the impact of COVID-19 on the global industrial salts market?
- 4. What are the key factors driving the global industrial salts market?
- 5. What is the breakup of the global industrial salts market based on the product?
- 6. What is the breakup of the global industrial salts market based on the application?
- 7. What are the key regions in the global industrial salts market?
- 8. Who are the key players/companies in the global industrial salts market?
Product Code: SR112023A4487
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Industrial Salts Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Source
- 6.1 Brine
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Salt Mines
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Product
- 7.1 Rock Salt
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Salt in Brine
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Solar Salt
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Vacuum Pan Salt
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Application
- 8.1 Chemical Processing
- 8.1.1 Market Trends
- 8.1.2 Key Segments
- 8.1.2.1 Caustic Soda
- 8.1.2.2 Soda Ash
- 8.1.2.3 Chlorine
- 8.1.3 Market Forecast
- 8.2 De-Icing
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Oil and Gas
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Water Treatment
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Agriculture
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Akzo Nobel N.V
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Cargill Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 SWOT Analysis
- 14.3.3 Compass Minerals International Inc
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Dominion Salt Limited
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Donald Brown Group
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 INEOS Group Ltd
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 K+S AG
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Mitsui & Co. Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Nouryon Chemicals B.V.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Rio Tinto PLC
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Tata Chemicals Limited
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.1 Akzo Nobel N.V
Product Code: SR112023A4487
List of Figures
- Figure 1: Global: Industrial Salts Market: Major Drivers and Challenges
- Figure 2: Global: Industrial Salts Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Industrial Salts Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Industrial Salts Market: Breakup by Source (in %), 2022
- Figure 5: Global: Industrial Salts Market: Breakup by Product (in %), 2022
- Figure 6: Global: Industrial Salts Market: Breakup by Application (in %), 2022
- Figure 7: Global: Industrial Salts Market: Breakup by Region (in %), 2022
- Figure 8: Global: Industrial Salts (Brine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Industrial Salts (Brine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Industrial Salts (Salt Mines) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Industrial Salts (Salt Mines) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Industrial Salts (Rock Salt) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Industrial Salts (Rock Salt) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Industrial Salts (Salt in Brine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Industrial Salts (Salt in Brine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Industrial Salts (Solar Salt) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Industrial Salts (Solar Salt) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Industrial Salts (Vacuum Pan Salt) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Industrial Salts (Vacuum Pan Salt) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Industrial Salts (Chemical Processing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Industrial Salts (Chemical Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Industrial Salts (De-Icing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Industrial Salts (De-Icing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Industrial Salts (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Industrial Salts (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Industrial Salts (Water Treatment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Industrial Salts (Water Treatment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Industrial Salts (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Industrial Salts (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Industrial Salts (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Industrial Salts (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: North America: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: North America: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: United States: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: United States: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Canada: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Canada: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Asia-Pacific: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Asia-Pacific: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: China: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: China: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Japan: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Japan: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: India: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: India: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: South Korea: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: South Korea: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Australia: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Australia: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Indonesia: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Indonesia: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Others: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Others: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Europe: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Europe: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Germany: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Germany: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: France: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: France: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: United Kingdom: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: United Kingdom: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Italy: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Italy: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Spain: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Spain: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Russia: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Russia: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Latin America: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Latin America: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Brazil: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Brazil: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Mexico: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Mexico: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Others: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Others: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Middle East and Africa: Industrial Salts Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Middle East and Africa: Industrial Salts Market: Breakup by Country (in %), 2022
- Figure 80: Middle East and Africa: Industrial Salts Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Global: Industrial Salts Industry: SWOT Analysis
- Figure 82: Global: Industrial Salts Industry: Value Chain Analysis
- Figure 83: Global: Industrial Salts Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Industrial Salts Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Industrial Salts Market Forecast: Breakup by Source (in Million US$), 2023-2028
- Table 3: Global: Industrial Salts Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 4: Global: Industrial Salts Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Industrial Salts Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Industrial Salts Market: Competitive Structure
- Table 7: Global: Industrial Salts Market: Key Players
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