Global Industrial Salts Market Worth $19.68 Billion by 2029, Growing at 5.5% CAGR

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Industrial Salts Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size of industrial salts has been experiencing stable expansion over the past few years. The market's growth is set to increase from $15.43 billion in 2024 to $15.91 billion in 2025, recording a compound annual growth rate (CAGR) of 3.1%. This upward trajectory in the historical period has been driven by the expansion of the chemical industry, the demand in water treatment applications, the need for control in snow and ice, and the uses in food and metal processing.

What Is the Expected CAGR for the Industrial Salts Market Growth Through 2029?
Significant expansion is anticipated in the industrial salts market in the coming years, with a projected size of $19.68 billion by 2029. This represents a compound annual growth rate (CAGR) of 5.5%. Factors such as environmental regulations, renewable energy initiatives, urbanization with construction, health and wellness trends, and economic progress in emerging markets are contributing to growth in the forecast period. Major predictors for this period include technological advancements in ABE production, growth of the chemical industry, heightened focus on water treatment, advancements in salt production technologies, and investments in research and development.

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What Are the Primary Drivers Behind Industrial Salts Market Growth?
The ascendancy in water treatment initiatives is anticipated to boost the industrial salt market. The purification of water for use or its return to its pristine state is referred to as water treatment. In such processes, industrial salts are utilized to filter out contaminants and undesirable elements, as well as to dilute the waste concentration in water utilized for domestic and industrial purposes, or to reintroduce it back into the ecosystem. Moreover, several government schemes are in place to enhance water quality, promoting the necessity for water treatment initiatives. For example, a Global Water Awards 2023 report highlighted a significant growth in biogas usage at wastewater treatment facilities, with over 200 MW of extra power produced within the year. This increase suggests that over 10% of the total power usage at these facilities comes from internal production. Additionally, the inception of ADSWS's Project Scan, a sewage network monitoring program, left its first substantial mark in 2023, leading to increased productivity and handling within the waste water sector. Consequently, the rising count of water treatment initiatives is anticipated to stimulate the expansion of the industrial salts market.

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What Are the Key Segments Driving Industrial Salts Market Growth?
The industrial salts market covered in this report is segmented -

1) By Source: Rock Salt, Natural Brine
2) By Manufacturing Process: Conventional Mining, Solar Evaporation, Vacuum Evaporation
3) By Application: Agriculture, Chemical Processing, Food Processing, Water Treatment, De-icing, Oil And Gas

Subsegments:
1) By Rock Salt: Halite, Evaporated Rock Salt, Industrial Grade Rock Salt
2) By Natural Brine: Sea Salt Brine, Spring Water Brine, Salt Lake Brine

What Are the Technological Trends Impacting the Industrial Salts Market?
A significant trend within the industrial salt market is the formation of strategic alliances. Predominant entities in the industry are joining forces to mutually benefit from shared resources and to penetrate into new markets. For instance, in May 2022, a landmark partnership was struck between Nippon Shokubai, a leading chemical manufacturer based in Japan, and Arkema, a specialist materials manufacturer based in the US. The objective of this alliance was to establish a factory dedicated to the production of LiFSI, also known as ultrapure electrolyte salt - a key component in battery cells for electric vehicles.

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Who Are the Major Competitors in the Global Industrial Salts Market?
Major companies operating in the industrial salts market are 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, Sal*inas Salt Company, San Francisco Salt Company, SaltWorks Inc.

Which Region Dominates the Industrial Salts Market Share in 2025?
Asia-Pacific was the largest region in the industrial salts market share in 2024. The regions covered in the industrial salts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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