Press release
Inorganic Salts Market 2023 | KGaA, Thermo Fisher Scientific Inc., Laxness, BEHN MEYER, Eastman Chemical Company, LobaChemie Pvt. Ltd, Otsuka Chemical Co., Ltd., Emerald Performance Materials, Lenntech, Arkema, Bann Química Ltda, Rose Mill Co. LLC., GFS
Inorganic salts are neutral, essential nutrition for humans as well as animals. Inorganic salts usually dissociate as an ion in the body fluids and can be found in various forms such as powder, crystals, granules, pellets, and lumps.The global inorganic salts market is majorly driven by its application in the major end-user industry such as agrochemicals, food, healthcare, cement manufacturing, and others. Furthermore, its growing use as an agrochemical is one of the major driver of this market. The increase in food consumption demand and the lack of arable land is likely to drive the global inorganic salts market as an agrochemical over the assessment period. The intake of inorganic salts in the body is important as the cells use them to transmit electrical impulses across their membranes and to other cells. The ions of inorganic salts regulate nerve impulses, heart functions, and muscle contraction, which is another major driver of the global market. Furthermore, its application as an antacid in the pharmaceutical industry is likely to propel the market growth. Inorganic salts are used in cement as an Epsom salt to prevent concrete scaling and to attract moisture, which is expected to drive the market in the coming years. However, the toxicity and several government regulations may challenge the market growth. For instance, the code of Federal Regulations of the U.S. and Federal Explosives Law & Regulations has listed inorganic salts as toxic. The Official Journal of the European Union published Regulation 2016/1017, which limits the use of inorganic salts in June 2017.
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Key Points from Table of Content:
7. Global Inorganic Salts Market By Type
7.1 Introduction
7.2 Sodium Salts
7.2.1 Market Estimates & Forecast, 2017-2023
7.2.2 Market Estimates & Forecast By Region, 2017-2023
7.3 Magnesium Salts
7.3.1 Market Estimates & Forecast, 2017-2023
7.3.2 Market Estimates & Forecast By Region, 2017-2023
7.4 Calcium Salts
7.4.1 Market Estimates & Forecast, 2017-2023
7.4.2 Market Estimates & Forecast By Region, 2017-2023
7.5 Potassium Salts
7.5.1 Market Estimates & Forecast, 2017-2023
7.5.2 Market Estimates & Forecast By Region, 2017-2023
7.6 Ammonium Salts
7.6.1 Market Estimates & Forecast, 2017-2023
7.6.2 Market Estimates & Forecast By Region, 2017-2023
7.7 Others
7.7.1 Market Estimates & Forecast, 2017-2023
7.7.2 Market Estimates & Forecast By Region, 2017-2023
8. Global Inorganic Salts Market By End-Use Industry
8.1 Introduction
8.2 Agrochemicals
8.2.1 Market Estimates & Forecast, 2017-2023
8.2.2 Market Estimates & Forecast By Region, 2017-2023
8.3 Food
8.3.1 Market Estimates & Forecast, 2017-2023
8.3.2 Market Estimates & Forecast By Region, 2017-2023
8.4 Healthcare
8.4.1 Market Estimates & Forecast, 2017-2023
8.4.2 Market Estimates & Forecast By Region, 2017-2023
8.5 Cement Manufacturing
8.5.1 Market Estimates & Forecast, 2017-2023
8.5.2 Market Estimates & Forecast By Region, 2017-2023
8.6 Others
8.6.1 Market Estimates & Forecast, 2017-2023
8.6.2 Market Estimates & Forecast By Region, 2017-2023
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Market Scenario
The inorganic salts market is spanned across five regions: Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia Pacific is expected to be the fastest emerging region over the forecast period due to the high demand for inorganic salts as an agrochemical.
North America is anticipated to grow at a significant CAGR on account of the high demand for the product from pharmaceuticals and food & beverage industry in this region.
Europe is expected to showcase a slow growth owing to the stringent regulations implemented on the use of the inorganic salts.
Competitive Analysis
Merck KGaA
Thermo Fisher Scientific Inc
Laxness
BEHN MEYER
Eastman Chemical Company
LobaChemie Pvt. Ltd
Otsuka Chemical Co., Ltd.
Emerald Performance Materials
Lenntech
Arkema
Bann Química Ltda
Rose Mill Co. LL
GFS Chemicals, Inc.
Pro Chem, Inc.
Hunter Chemical, LLC
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