COVID-19 Impact on Industrial Salts Market

A Comprehensive Study Exploring the Global Industrial Salt Market| MarketsandMarkets

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Industrial salts are salts specifically designed and manufactured for use in industrial applications. They are typically highly refined, free-flowing and have low moisture, which makes them ideal for use in industrial processes. Common industrial uses of salts include water softening, de-icing, food preservation, metal finishing, and corrosion control. The growth is mainly driven by increasing demand from the food & beverage industry and water treatment industry. The demand for industrial salts is also driven by its use in various industrial applications such as glass manufacturing, soap and detergent production, and in the manufacturing of other chemicals.

The industrial salts market was valued at USD 12.70 billion in 2016 and is projected to reach USD 14.93 billion by 2022, at a CAGR of 2.8% from 2017 to 2022. The growth of the chlor-alkali industry is driving the growth of the industrial salts market in the chemical processing application. The growing use of industrial salts for de-icing and water treatment applications is expected to further fuel the growth of the market across the globe. Agriculture and oil & gas are the key application sectors of industrial salts.

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MarketsandMarkets™ Study- Which Industry is Projected to Increase the Demand for Industrial Salts Market?

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The report "Industrial Salt Market by Source (Rock Salt, Natural Brine), Manufacturing Process (Conventional Mining, Vacuum Evaporation, Solar Evaporation), Application (Chemical Processing, De-Icing, Water Treatment, Oil & Gas), and Region - Global Forecast to 2022", The global industrial salt market was valued at USD 12.70 Billion in 2016 and is projected to reach USD 14.93 Billion by 2022, at a CAGR of 2.8% from 2017 to 2022. The growth of the industrial salt market is driven by the increased demand for industrial salt in the chemical processing, de-icing, water treatment, oil & gas and agricultural applications.

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Based on the source, the rock salt segment is projected to lead the industrial salt market during the forecast period from 2017 to 2022.

The rock salt source segment is projected to be the larger segment of the industrial salt market during the forecast period from 2017 to 2022. The growth of the rock salt segment of the market can be attributed to the presence of various salt mines across the globe. Rock salt deposits can be effectively mined using conventional mining techniques or the solution mining process.

Increasing Demand for Rock Salt to Influence Strategies of Industrial Salt Industry Players through Forecast Period, Finds MarketsandMarkets™

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The global industrial salts industry was valued at USD 12.70 billion in 2016 and is projected to reach USD 14.93 billion by 2022, at a CAGR of 2.8% from 2017 to 2022. Industrial salts are manufactured using natural resources, including rock salt deposits or natural brine, such as sea water and salt water lakes. Industrial salts are manufactured by conventional mining, vacuum evaporation, or solar evaporation processes. These salts are widely used in various industries, owing to their easy availability and cost-effectiveness.

Industrial salts are increasingly used as a key raw material in the chemical processing industry for the manufacturing of chlor-alkali, and in de-icing, water treatment, agricultural, and oil & gas applications in various countries, such as the US, Canada, Germany, China. This increased usage is expected to drive the demand for industrial salts, thereby leading to the growth of the industrial salts market across the globe. However, increasing environmental and health concerns pertaining to the use of industrial salts in certain applications may restrain the growth of the industrial salts market.

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Industrial Salt Market to Create Lucrative Opportunities for Emerging Players, Finds MarketsandMarkets™

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The report "Industrial Salt Market by Source (Rock Salt, Natural Brine), Manufacturing Process (Conventional Mining, Vacuum Evaporation, Solar Evaporation), Application (Chemical Processing, De-Icing, Water Treatment, Oil & Gas), and Region - Global Forecast to 2022", The industrial salt market was valued at USD 12.70 Billion in 2016 and is projected to reach USD 14.93 Billion by 2022, at a CAGR of 2.8% from 2017 to 2022. The growth of the industrial salt market is driven by the increased demand for industrial salt in the chemical processing, de-icing, water treatment, oil & gas and agricultural applications.

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Based on source, the rock salt segment is projected to lead the industrial salt market during the forecast period from 2017 to 2022.

The rock salt source segment is projected to be the larger segment of the industrial salt market during the forecast period from 2017 to 2022. The growth of the rock salt segment of the market can be attributed to the presence of various salt mines across the globe. Rock salt deposits can be effectively mined using conventional mining techniques or the solution mining process.

The Asia Pacific Region to Remain One of the Leading Markets for Industrial Salt- Exclusive Report by MarketsandMarkets™

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The industrial salts market was valued at USD 12.70 billion in 2016 and is projected to reach USD 14.93 billion by 2022, at a CAGR of 2.8% from 2017 to 2022. The growth of the chlor-alkali industry is driving the growth of the industrial salts market in the chemical processing application. The growing use of industrial salts for de-icing and water treatment applications is expected to further fuel the growth of the market across the globe. Agriculture and oil & gas are the key application sectors of industrial salts.

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The rock salt source segment is projected to be the larger segment of the industrial salt market during the forecast period from 2017 to 2022. The growth of the rock salt segment of the market can be attributed to the presence of various salt mines across the globe. Rock salt deposits can be effectively mined using conventional mining techniques or the solution mining process.