Inorganic Salts Market - Global Industry Analysis, Size and Forecast 2023 by Merck KGaA, Thermo Fisher Scientific, Laxness, BEHN MEYER, LobaChemie, Otsuka Chemical, Emerald Performance Materials, Lenntech, Arkema, Bann Química Ltda, GFS Chemicals

Synopsis of Inorganic Salts Market

Inorganic Salts are essential nutrition for human and animal health, and are found dissociated as ions in body fluids. Inorganic Salts are either soluble or non-soluble depending upon the composition of the salt. Inorganic Salts come in a variety of forms including powder, crystals, granules, pellets, and lumps.

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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.

Segmental Analysis

The Global Inorganic Salts market is segmented into type and end-use industry. On the basis of the type, the market is segregated into sodium salts, magnesium salts, calcium salts, potassium salts, ammonium salts, and others. The market by end-user is further segmented into agrochemicals, food, healthcare, cement manufacturing, and others.

Regional Analysis

The Industrial Salts Market is segmented across five regions: Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia Pacific is the fastest emerging region in the Global Inorganic Salts Market due to the high demand for agrochemicals from the major agricultural countries such as China, India, Malaysia, Indonesia, and Thailand in this region. Furthermore, the increasing demand for food consumption and high disposable income have augmented the market growth in the region. Increasing building & construction in this region has increased the demand for cement, which is likely to surge the Inorganic Salts Market over the review period.

North America is the growing region in the Global Inorganic Salts Market due to the growing food and pharmaceutical industry in the U.S. The use of the product in cement manufacturing has propelled the reconstruction sector in the North American region.

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Europe is likely to witness a slow growth on account of the various regulations and restrictions on the production and usage of these inorganic salts.

The high demand for cement in infrastructural activities in the Middle East is another driving factor for the market growth over the forecast period.

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