Salt Global Market Report 2024 - By Share, Growth, Trends And Demand, Forecast To 2033

"The new report published by The Business Research Company, titled ""Salt Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the salt market size has grown strongly in recent years. It will grow from $41.91 billion in 2023 to $45.7 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The salt market size is expected to see strong growth in the next few years. It will grow to $61.51 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.

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Salt Market Surges Amidst Increased Mining Demand Worldwide
Increasing demand for mining is expected to propel the growth of the salt market going forward. Mining involves retrieving valuable minerals or other geological materials from the Earth's surface or beneath its crust. Salt solutions are used in mining to freeze the ground temporarily in open-pit mines. This allows for excavation in soft or unstable zones that would otherwise be risky. For instance, in February 2023, according to a report published by the United States Geological Survey, a US-based government agency, mines in the United States yielded non-fuel mineral commodities with a total estimated value of approximately $98.2 billion in 2022, marking a $3.6 billion increase from the revised 2021 total of $94.6 billion. The production value of all industrial minerals in the U.S. for 2022 was estimated at $63.5 billion, constituting roughly 65% of the overall mine production value in the country. Therefore, increasing demand for mining is driving the growth of salt market.

Multipurpose Mining Equipment Drives Efficiency And Lowers Costs In The Market
Salt companies are utilizing multipurpose mining equipment to extract rock salt from an underground deposit. This equipment enables mining companies to control carbon emissions underground and increase productivity with reduced cost, which is the major trend in the Salt market.

The salt market covered in this report is segmented -
1) By Type: Rock Salt, Salt In Brine, Solar Salt, and Vacuum Pan Salt
2) By Mining Type: Underground Mining, Surface Mining

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Major companies operating in the salt market report are Cargill Inc., China National Salt Industry Corporation, The Tata Chemicals Limited, Rio Tinto plc, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Akzonobel N V, Tosoh Corporation, K+S AG, Tronox Ltd., Nippon Soda Co. Ltd., Compass Minerals International Inc., Infosa, Les Salins du Midi et des Alpes, Toyo Soda Mfg. Co. Ltd., Morton Salt Inc., Diamond Crystal Brands, Salt Lake Minerals Ltd., Schweizer Salinen AG, Avery Salt Company, United Salt Corp., Sambhar Salts Limited, National Salt Company Ltd., Salinen Austria AG, Hindustan Salt Limited, Salinera Española S.A., CIECH S.A., Waggar Salt Limited, Adolph's International Inc., Salsomaggiore Terme S.p.A., Dead Sea Works Ltd.

Contents of the report:
1. Executive Summary
2. Salt Market Report Structure
3. Salt Market Trends And Strategies
4. Salt Market - Macro Economic Scenario
5. Salt Market Size And Growth
…..
27. Salt Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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