Industrial Salts Market is Projected to Reach USD 20.21 Billion by 2030: Cognitive Market Research

Market Overview:
The term "industrial salts" refers to a class of salts that are largely utilized in industrial operations such as the production of chemicals, water treatment, and food preparation. These salts are frequently offered in bulk for use in industry and are produced in big numbers. By making mud and dirt dense, salt is utilized in the oil industry to make drilling rigs that are safer and more effective. While salt may not be used frequently in offshore drilling, drilling on land requires a significant amount of salt. Along with producing saline solutions, which have numerous additional uses, pharmaceutical companies also employ salt in the process of generating capsules.

Summary:
As per the study of CMR, the Global Industrial Salts Market was valued at USD 14.72 Billion in 2022 and will reach USD 20.21 Billion by 2030 and is expected to grow at a CAGR of 3.4% during the forecast period (2023-2030).

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Industrial Salts Market Dynamics:
Increasing applications of industrial salts and the large availability of salt reserves are the key driving factors for the growth of the industrial salt market. Chemical processing is the major application of industrial salts, these are specifically used in the manufacturing of caustic soda, soda ash, and chlorine. Increasing demand for these chemicals led to the growth of the industrial salt market.
Further, the lack of cost-effective alternative products can create lucrative opportunities for the global industrial salt market. Moreover, manufacturers must abide by several rules regarding government permits, and environmental concerns over the use of salts in some applications are expected to restrain growth.

Industrial Salts Market Segmentation:
Product Type:
• Dried and Undried Solar Salts
• Bulk Rock Salt
• Industrial Mill Salt
• Brine Bits
• Granulated Industrial Salts
• Magnesium Chloride
• Solar Salt Powder
• Hi-Tex A-100 Granulated Salt
• Others

Source:
• Natural Brine
• Rock Salt
Brine is the major segment of the industrial salt market, based on the type of source. Brine use in application industries is benefited from the tightening restrictions on mining operations brought on by rising pollution. Chemical processing makes extensive use of brine.

Process:
• Conventional Mining
• Vacuum Evaporation
• Solar Evaporation

Application:
• Textile Dying
• De-icing
• Pharmaceuticals
• Solar Power
• Agriculture
• Soaps & Detergents
• Water Treatment
• Chemicals
• Food
• Others
Based on applications, the market is segmented into Textile Dying, De-icing, Pharmaceuticals, Solar Power, Agriculture, soap & Detergents, Water Treatment, Chemicals, Food, and others. The chemical segment is dominating the market, owing to increased demand for industrial salts for different applications to manufacturing different products in the chemical industry. Further, de-icing is the second largest contributor to the market share. Industrial salts are used as a cost-effective option for de-icing process.

End-use:
• Energy
• Healthcare
• Chemical
• Cosmetics
• Others

Competitive Analysis of the Industrial Salts Market: Compass Minerals, Cargill, INEOS Enterprises, China National Salt Industry Corporation (CNSIC), Tata Chemicals Limited, K+S Group, Morton Salt, Mitsui & Co. Ltd., Rio Tinto PLC., Delmon Salt Factory, Donald Brown Group, AkzoNobel N.V, Exportadora De Sal SA

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Regional Analysis:
Asia-Pacific dominates the industrial salt market. One of the key factors driving the market's growth is the rise in urbanization and industrialization in the countries found in this area. The demand for laundry and disinfection goods, and the water treatment processes has increased because of people's increased awareness of health care and cleanliness in living spaces. The availability of PVCs among the public and a rise in government investment has raised the demand for them in the construction industry. To make PVCs, industrial salts are utilized as raw ingredients. For instance, in India, there are about 27 water treatment projects are under construction, which will increase the demand for industrial salts.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Industrial Salts Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Industrial Salts Market Segmentation
1.5.1 Industrial Salts Market Regional Fragmentation
1.5.1 Industrial Salts Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Industrial Salts Market
• 3.1 Global Industrial Salts Market Size 2018 - 2030, (USD Million)
• 3.2 Global Industrial Salts Value, Absolute & Opportunity Analysis
• 3.3 Global Industrial Salts Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Industrial Salts Market Statistics 2022: Snapshot
Chapter 4 Global Industrial Salts Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Industrial Salts Market by Product Type Segmentation Analysis (2018-2030)
Chapter 10 Global Industrial Salts Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Industrial Salts Market by Source Segmentation Analysis (2018-2030)
Chapter 12 Global Industrial Salts Market by Process Segmentation Analysis (2018-2030)
Chapter 13 Global Industrial Salts Market Regional Analysis
Chapter 14 North America Industrial Salts Market Outlook (2018 - 2030)
Chapter 15 Europe Industrial Salts Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Industrial Salts Market Outlook (2018 - 2030)
Chapter 17 Latin America Industrial Salts Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Industrial Salts Market Outlook (2018 - 2030)
Chapter 19 Research Findings
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