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Industrial Salts Market 2023 - Outlook. Demand Factor, Growth Rate, And Forecast To 2032
Industrial Salts Market
The Business Research Company's Industrial Salts Global Market Report 2023 identifies growing number of water treatment projects is expected to propel the industrial salt market. 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.
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 market size of the industrial salts market is expected to grow to $17.61 billion in 2027 at a CAGR of 4.3%.
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Major players in the industrial salts market are Cargill Incorporated, Mitsui & Co. Ltd., Nouryon, Rio Tinto Group, Compass Minerals International Inc., China National Salt Industry Corporation, Dominion Salt, Tata Chemicals Limited, INEOS Group Limited, Morton Salt, Donald Brown Group, Exportadora de Sal SA, COMPAGNIE DU SALINS DU MIDI AND SALINES DE L'EST, Delmon Chemical Industries, Archean Group, CK Life Sciences International Holdings Inc., and Akzo Nobel Salt Inc.
Strategic partnership is a key trend in the industrial salt market. Major players in the market are entering into a partnership to leverage each other's resources and expand in new markets.
Read More On The Global Industrial Salts Market Report Here:
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The industrial salts market is segmented -
• 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.
The Business Research Company's "Global Industrial Salts Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Salts Market Include:
1. Industrial Salts Market Executive Summary
2. Industrial Salts Market Segments
3. Industrial Salts Market Size And Industrial Salts Market Growth Rate
4. Key Industrial Salts Market Trends
5. Major Industrial Salts Market Drivers
……
25. Key Mergers And Acquisitions In The Industrial Salts Market
26. Top Industrial Salts Companies
27. Industrial Salts Market Opportunities And Strategies
28. Industrial Salts Market, Conclusions And Recommendations
29. Appendix
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