Dallas, Texas, Aug. 18, 2020 (GLOBE NEWSWIRE) -- The “Global Industrial Salt Market Size 2018, by Source (Rock Salt, Natural Brine), Manufacturing Process (Conventional Mining, Vacuum Evaporation, Solar Evaporation), Application (Chemical Processing, De-Icing, Water Treatment, Oil & Gas, Agriculture, Others), by Region and Forecast 2019 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
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Adroit Market Research report on global industrial salt market gives a holistic view of the market from 2015 to 2025, which includes factors such as market drivers, restraints, opportunities, challenges and regulatory scenario. The market has been studied for historic years from 2015 to 2017, with the base year of estimation as 2018 and forecast from 2019 to 2025. The report covers the current status and future traits of the market at global as well as country level.
The global industrial salt market is anticipated to reach USD 15.90 billion by 2025, growing at a CAGR of 2.9% over the forecast period from 2019 to 2025. The market for the industrial salts is guided by the rise in development owing to the number of applications. The use of the product in the chemical processing applications to manufacture soda ash, chlorine and caustic soda has driven the demand for the industrial salt market over the forecast period.
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In addition, the study also assesses the market competition with Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global industrial salt market have been studied in detail.
Strong demand for such chemicals is anticipated in emerging economies such as China and India. Asia Pacific is expected to be the fastest-growing region for chlor-alkali industry. Brazil and Chile are influential growing as well as consuming nations in the region, supplying a substantial volume of the commodity to North America and Europe. In addition, the increasing demand for drugs in agricultural applications is expected to increase captive consumption in the area.
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The global industrial salt market is categorized based on source, manufacturing process and application. Region wise, Asia Pacific was the largest market in 2018, and is anticipated to grow at a significant CAGR over the forecast period. North America is expected to grow at a significant rate over the coming years.
Key players operating in the global industrial salt market include K+S AG, Compass Minerals America Inc., Cargill, Inc., Dominion Salt Ltd., China National salt Industry Co., Mitsui & Co. Ltd., Tata Chemicals Ltd., Rio Tinto Group, and Exportadora de Sal de C.V. among others.
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Table of Contents
1. Introduction
2. Research Methodology
3. Market Outlook
4. Industrial Salt Market by Source, 2015-2025 (USD Billion)
5. Industrial Salt Market by Manufacturing Process, 2015-2025 (USD Billion)
6. Industrial Salt Market by Application, 2015-2025 (USD Billion)
7. Industrial Salt Market by Region 2015-2025 (USD Billion)
8. Competitive Landscape
9. Company Profiles
10. Appendix
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Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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