Inorganic Salts Market Research Strategies for Data-Driven Decision Making

Allied Market Research has released a comprehensive report entitled "Global Inorganic Salts Market Analysis and Forecast, 2021-2030," which provides detailed insights into the market's current state and potential growth opportunities. According to the report, the global inorganic salts market was valued at $92.2 billion in 2020 and is expected to reach $150.7 billion by 2030, representing a CAGR of 5.1% during the forecast period.

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Key Drivers, Restraints, and Opportunities:

The growing use of dietary supplements and the increasing application of inorganic salts across various industries are driving market growth. However, concerns regarding health and the environment are hindering growth to some extent. Nonetheless, the surge in the use of antacids presents promising opportunities for the industry.

Impact of COVID-19:

The COVID-19 pandemic disrupted global supply chains and led to a shutdown of industries, negatively impacting the inorganic salts market. Despite these challenges, the market is expected to rebound.

Market Segmentation:

The sodium salts segment accounted for the largest share of the market in 2020 due to their wide-ranging applications. However, the calcium salts segment is expected to grow at the fastest rate during the forecast period, primarily driven by their use in bone health.

Geographical Insights:

Asia-Pacific and North America dominated the market in 2020, with Asia-Pacific expected to witness the fastest growth during the forecast period. The demand for inorganic salts in this region is primarily driven by countries like China, India, and ASEAN nations.

Key Industry Players:

Prominent players in the global inorganic salts market include Eastman Chemical Company, BEHN MEYER, GFS Chemicals, Inc., Lanxess, Lenntech, LobaChemie Pvt. Ltd., Merck KGaA, Otsuka Chemical Co., Ltd., Emerald Performance Materials, and Thermo Fisher Scientific Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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