Industrial Salt Market Forecast by Key Players: Dampier Salt, SunSalt, Russolo, Mitsui, Irish Salt Mining Exploration, Infosa, Salinas, Saltcor, ITALKALI, Atisale, Lluka Resources mining, Bhavnagar Salt & Industrial Works, K?odawa Salt Mine, Exportadora D
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Industrial Salt Market size will witness significant growth owing to high acceptance in preparation of various food products over the forecast timeframe. Continuous growth in industrialization will further escalate the industrial salt market in respect with its wide range of industrial applications. In addition, easy availability of industrial salts solves the supply chain concern that serves as another factor resulting in the industry growth till 2024. Increasing demand from the chemical industry in production of soda ash and chloro-alkali chemical is promoting the industry market.
Industrial salts also find their applications in solar ponds and some energy production facilities that is anticipated to open new opportunities in the coming years. It maintains the required salinity in production of energy. It also servers the water treatment and agriculture industry in its various applications. Industrial salt is widely used by oil and gas industry and is majorly used by chemical industry.
Salt used by the pharmaceutical industry accounts for a sizable percentage of the industrial salt usage. Paper and pulp industry makes use of industrial salt in processing of waste paper for washing, bleaching neutralization and pulping. Textile industry makes use of it as an deacidification agent in the production of spun rayon and is also used in leather tanning and dyeing.
Based on production, the industry is segmented into, solar salt, harvested from the inland wetlands or sea, Boreholes reaching out to deep layers of salt (vacuum salt),Salt can be mined underground through traditional shaft mining (rock salt). Rock salt is forecasted to have largest market share over the coming years owing to the presence of numerous salt mines worldwide.
Europe and North America are projected to account for a significant share in industrial salt market over the forecast timeframe. High production of industrial salt in Europe coupled with the presence of numerous established and local players will support the industry growth in the region.
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Top key players:
Cargill, China National Salt Industry Corporation, ICL Fertilizers, Dow Chemicals, Akzo Nobel, Compass Minerals, K+S Chemical Company, Tata Chemicals are the among the major players in the industry .Other participants involved in manufacturing are Artyomsol, Maldon Crystal Salt, INEOS Chemicals, Rio Tinto, Mitsui & Co. Ltd, Agrosal, Henrique Lage Salineira, Dominion Salt, Shandong Dadi Salt Chemical, Morton Salt, Kopalnia Soli Klodawa Spolka Akcyjna, Dampier Salt, SunSalt, Russolo, Mitsui, Irish Salt Mining Exploration, Infosa, Salinas, Saltcor, ITALKALI, Atisale, Lluka Resources mining, Bhavnagar Salt & Industrial Works, K?odawa Salt Mine, Exportadora De Sal SA de CV, Hubei Shuanghuan Science Technology, Cheetham Salt, and Dev Salt.
Market share calculation in this report is not done based on companies covered in it. The calculation of Industrial Salt Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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