Press release
Increasing Demand in Chemical Industry Fuels Industrial Salts Market Growth: Projects Strong CAGR of 5.8% By 2029
Industrial Salts Market Size
What Is The Projected Market Size Of The Global Industrial Salts Market And Its Growth Rate?
• The industrial salts market size has grown steadily in recent years and is expected to grow from $15.43 billion in 2024 to $16.14 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%.
• Growth in the historic period can be attributed to the growth in the chemical industry, increase in water treatment applications, and snow and ice control alongside food and metal processing.
• The market is expected to see strong growth in the next few years with an expected market size of $20.25 billion in 2029 at a CAGR of 5.8%.
• The growth in the forecast period can be attributed to renewable energy initiatives, environmental regulations, urbanization and construction, health and wellness trends, and economic development in emerging markets.
What Is Driving The Growth In The Industrial Salts Market?
The growing number of water treatment projects is expected to drive the growth of the industrial salts 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. The increased demand for water treatment projects can be traced back to various government initiatives aimed at improving water quality. As a result of these initiatives, the wastewater sector has seen improvements in efficiency and management, thereby boosting the demand for industrial salts. The Global Water Awards report in 2023 noted an increase in the use of biogas at wastewater treatment plants, which contributed to over 10% of the total energy consumption at these facilities, further emphasizing the importance of industrial salts in water treatment projects.
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Who Are the Key Players Driving Industrial Salts Market Growth?
• Cargill Incorporated
• Mitsui & Co. Ltd.
• Nouryon Chemicals Holding B.V
• Rio Tinto Group
• Compass Minerals International Inc.
• INEOS Group AG
• K+S AG
• Wacker Chemie AG
• Akzo Nobel N.V.
• Occidental Petroleum Corporation
• Solvay S.A.
• Dominion Salt Ltd.
• ICL Group Ltd.
• Salt Union Ltd.
• Swiss Saltworks AG
• Atisale SpA
• Salins Group
• Kopalnia Soli Wieliczka SA
• Dampier Salt Ltd.
• Morton Salt Inc.
• Qinghai Salt Lake Industry Co. Ltd.
• Henan Huayang Salt Chemical Co. Ltd.
• Shandong Haihua Group Co. Ltd.
• Ciech S.A.
• Tata Chemicals North America Inc.
• China National Salt Industry Corporation
• Tata Chemicals Limited
• Salinas Salt Company
• San Francisco Salt Company
• SaltWorks Inc.
What Are The Key Trends In The Industrial Salts Market?
Key trends include:
• Technological advancements in ABE production
• Expansion of the chemical industry
• Rising importance in water treatment
• Advancements in salt production technologies
• Increase in investments in research and development
What Are The Segments Of The Global Industrial Salts Market?
• 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
Which Region Leads The Industrial Salts Market?
Asia-Pacific was the largest region in the industrial salts market in 2024. Other regions covered in the industrial salts market report include Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Industrial Salts Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Salts Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Salts Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Salts Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Salts Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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