Press release
Global Industrial Salt Market 2016 : Market Size, Share, Growth, Trends, Analysis to 2021: Research Nester
Market Segmentation
By End Use
Chemical processing
Road de-icing
Agriculture
Water conditioning
By Production Methods
Brine extracted through solution mining
Mined rock salt
Seawater solar evaporation
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Growth Drivers and challenges
Increase in global production of chloro-alkali chemicals is likely to boost the growth of industrial salts market over the forecast period i.e. 2015-2021.
In addition to that, rising development of paper and construction industries in Asia-Pacific region is also expected to fuel the growth of global industrial salt market in future.
However, highly fragmented nature of the industrial salt market is anticipated to restrain the growth over next few years.
Market Size and Forecast
Regionally, with 41.0% share in 2015, Asia-Pacific held the largest industrial salt market. The market in the region is further anticipated to continue its dominance by the end of the forecast period i.e. 2021, propelled by expansion of chemical industries and increasing production of chloro-alkali chemicals in countries such as India and China.
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At present, Europe and North America account for a significant share in the global industrial salt market. Demand of road de-icing and up-surged construction and manufacturing industries is projected to be a key growth driver of industrial salt market in these regions in coming 4-5 years.
Key Players
Global industrial salt market includes some of the top players such as Cargill, Compass Minerals, INEOS, CNSIC, K+S, etc.
Research Nester is a global market research and consulting firm helping organizations, private entities, governments undertaking, non-legislative associations and non-profit organizations. With our decades of experience in the market research, we help our clients to gain a competitive edge over other players. Thus, helping them making strategic yet dynamic decisions for the future investments.
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