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
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