Authored By: Sarah
26 Jun 2024

 Industrial Salt Market Size to grow by USD 4056.2 million between 2024-2028

According to a research report “ Industrial Salt Market” by Source (Rock salt, Natural brine) Application (Chemical processing, Deicing, Water treatment, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4056.2 million, at a CAGR of about 5.02% during the forecast period. The industrial salt market experiences significant growth due to its extensive utilization in various industries for diverse applications. Notably, chemical processing is the primary segment driving market expansion, with salt being a crucial ingredient in the production of essential chemicals such as soda ash, caustic soda, and chlorine. These chemicals are integral to manufacturing a vast array of industrial products, including solvents, alumina, and synthetic goods. Additionally, salt plays a pivotal role in water treatment, de-icing, feedstock, metal processing, leather tanning treatment, rubber manufacturing processes, oil and gas exploration, pulp and paper production, pharmaceutical applications, and dyeing. The ongoing industrialization trend fuels the demand for industrial salt, making it an indispensable commodity in numerous industries.

Browse market data tables, figures, and in-depth TOC on “Industrial Salt Market” by Source (Rock salt, Natural brine) Application (Chemical processing, Deicing, Water treatment, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Source, the Rock salt segment is projected to dominate the market size in 2024

In the realm of industrial manufacturing, salt plays a pivotal role as a key raw material in chemical processing. The chemical industry primarily utilizes salt for the production of essential chemical compounds, including caustic soda, chlorine, and soda ash. These substances are produced through electrolysis of salt in the form of brine via various processes, such as diaphragm cell, membrane cell, and mercury cell methods. Caustic soda, a highly alkaline compound, is utilized in the production of various industrial products. Chlorine, an abundant chemical element, is an effective disinfectant and indispensable component in the manufacturing of polyvinyl chloride (PVC) products, which are widely used in construction applications.

By Application, Chemical processing  segment is expected to hold the largest market size for the year 2024

In the industrial sector, rock salt, or halite, holds significant value due to its primary composition of sodium chloride (NaCl) and its widespread applications. This naturally occurring crystalline mineral is found in salt deposits, frequently in proximity to sedimentary rocks and underground salt domes. The primary demand drivers for rock salt are its extensive usage in de-icing roads, sidewalks, and other surfaces, particularly in snow-prone regions. Furthermore, it plays a crucial role in water treatment applications, including water softening and purification processes. The growing demand for water treatment chemicals is projected to positively impact the market for rock salt.

APAC is forecasted to hold the largest market size by region in 2024

The Industrial Salt Market represents a significant business landscape, characterized by robust growth and increasing demand. Key players in this sector focus on enhancing production capacity and expanding their geographical footprint to cater to the burgeoning demand. Factors such as increasing application areas in various industries, including water treatment, food processing, and chemical manufacturing, further fuel market expansion. The market is expected to witness steady growth in the coming years, driven by these trends and increasing investment in research and development.

The Industrial Salt Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Cargill Inc.
  • CK Hutchison Holdings Ltd.
  • Compass Minerals International Inc.
  • Dev Salt Pvt. Ltd.
  • Dominion Salt Ltd.
  • Donald Brown Group
  • INEOS AG
  • Irish Salt Mining and Exploration Co. Ltd.
  • Israel Chemicals Ltd.
  • KS Aktiengesellschaft
  • Mitsui and Co. Ltd.
  • Nobian
  • Rio Tinto Ltd.
  • Salins Group
  • Solvay SA
  • Sudwestdeutsche Salzwerke AG
  • Tata Sons Pvt. Ltd.
  • Wacker Chemie AG
  • Wilson Resources Ltd.
  • ZOUTMAN NV
.

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Research Analysis Overview

The Industrial Salt Market encompasses various end-use industries such as Agriculture, Oil and Gas, Water Treatment, and Energy Production Facilities. Sodium chloride, or common table salt, is the primary product in this market. However, its applications extend beyond the kitchen, with significant usage in Chlor-Alkali sector for Chlorine-Alkali chemicals production, Water Treatment Industries for water desalination plants, Solar Pools, and Water Desalination. Natural resources like Salty Lakes, Sea Water, and Natural Brine are the primary sources of Industrial Salt. Rock salt deposits are mined conventionally or through Solar Evaporation Processes and Vacuum Evaporation. Mercury is a byproduct of Chlor-Alkali production, which poses environmental concerns. Industrial Salt finds extensive applications in Oil and Gas industries for drilling and completion operations, in Water Treatment for making water potable, in Energy Production Facilities for de-icing, and in Solar Pools for maintaining optimal water conditions. Additionally, it is used in Cloud Seeding for precipitation enhancement and in Chemical Processing for various applications. In conclusion, the Industrial Salt Market is a diverse and essential market, serving numerous industries, from Agriculture to Energy Production, with its primary product, Sodium Chloride, derived from various natural resources.

Market Research Overview

The Industrial Salt Market encompasses various applications in energy production facilities, solar pools, water treatment industries, and water desalination plants. Sodium chloride or common table salt is the primary product in this market, used for chlorine-alkali chemicals production, water desalination, de-icing applications, and water softening. Mercury-based technology is a significant source of chlor-alkali industry production, but capacity expansions and inventory management are driving the shift towards more sustainable methods. Emerging economies, particularly in agriculture, oil and gas, and chemical processing, are major consumers of salt. Solar evaporation processes, such as vacuum evaporation and conventional mining, extract salt from salty lakes, sea water, natural brine, and rock salt deposits. Bloomberg BusinessWeek reports that natural resources like rock salt deposits and natural brine are becoming increasingly scarce, leading to exploration and extraction in challenging locations. Water desalination, a critical application, is expected to drive demand for industrial salt. Desalination projects in the Middle East and Asia Pacific are underway, and de-icing applications in roadways are also significant consumers. Salt is also used in water treatment projects, agriculture, and oil and gas production. Soda ash, chlorine, and caustic soda are derivative products with significant applications in various industries.

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