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Industrial Salts Market Analysis 2023-2032: Forecast Market Size, Top Trends And Analysis | Cargill Incorporated, Mitsui & Co. Ltd., Nouryon, Rio Tinto Group, Compass Minerals International Inc
Industrial Salts Market
Industrial Salts Market Size, Growth Rate, And Forecast
The global industrial salts market is expected to grow from $14.22 billion in 2022 to $14.89 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial salts market is expected to grow to $17.61 billion in 2027 at a CAGR of 4.3%.
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Industrial Salts Market Drivers
The growing number of water treatment projects is expected to propel the industrial salt market. Water treatment is the process of purifying water for utilization or restoring it to its natural form. Industrial salts are used in water treatment to remove impurities and undesired components, as well as to lower the waste concentration in water supplies used for both household and industrial applications or discharge it back into the environment. Additionally, various government initiatives are implemented to improve water quality, which favors the demand for water treatment projects.
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Industrial Salts Market Segments
• By Source: Rock Salt, Natural Brine
• By Manufacturing Process: Conventional Mining, Solar Evaporation, Vacuum Evaporation
• By Application: Agriculture, Chemical Processing, Food Processing, Water Treatment, De-icing, Oil and Gas
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Industrial Salts market.
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Industrial Salts Market Key Players
Major competitors in the industrial salts market include Cargill Incorporated, Mitsui & Co. Ltd., Nouryon, Rio Tinto Group, Compass Minerals International Inc., China National Salt Industry Corporation, Dominion Salt.
The Business Research Company's "Global Industrial Salts Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Industrial Salts Market Include:
1. Executive Summary
2. Industrial Salts Market Characteristics
3. Industrial Salts Market Trends And Strategies
4. Industrial Salts Market - Macro Economic Scenario
5. Industrial Salts Market Size And Growth
……
26. Africa Industrial Salts Market
27. Industrial Salts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Salts Market
29. Industrial Salts Market Future Outlook and Potential Analysis
30. Appendix
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Executive Summary
This report studies the global Rock Salt market status and forecast, categorizes the global Rock Salt market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China and other regions (India, Southeast Asia, Central &…
