Authored By: Sarah
27 May 2021

Industrial Salt Market Size to Grow by 38.90 Million MT During 2021-2025

Technavio has been monitoring the industrial salt market and it is expected to grow by 38.90 mn MT, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Industrial Salt Market: APAC to lead market growth during the forecast period

  • 50% of the market growth will originate from APAC during the forecast period.
  • The rising demand for deicing and anti-icing will fuel the growth of the industrial salt market size. Salt is used extensively in the European and North American countries as a deicing and anti-icing agent. It is widely used for road maintenance in winters in these regions owing to its effectiveness and lower cost than its counterparts.
  • The rising demand for industrial salt for deicing and anti-icing purposes has led many vendors in the global industrial salt market to offer deicing salt.
  • Other applications of industrial salt include feedstock, metal processing, leather tanning treatment, rubber manufacturing process, oil and gas exploration, pulp and paper production, pharmaceutical applications, and dyeing. 

Industrial Salt Market to Post Incremental Growth of 38.90 Million MT During 2021-2025 | Key Geographies that will Drive Growth

Industrial Salt Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cargill Inc., CK Life Sciences Intl (Holdings) Inc., Compass Minerals International Inc., INEOS Group Holdings SA, K+S AG, Mitsui & Co. Ltd., Rio Tinto Ltd., Solvay SA, Sudwestdeutsche Salzwerke AG, and Tata Chemicals Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Industrial Salt Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial salt market growth during the next five years
  • Precise estimation of the industrial salt market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial salt market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial salt market vendors
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