Industrial Salts Market Size Analysis, Drot, Pest, Porter’s, Region & Country Forecast Till 2027
Reports and Data estimates the global Industrial Salts competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2027 as the forecast period. The report offers CAGR and market size for the global Industrial Salts during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Compass Minerals America Inc., K+S AG, China National Salt Industry Co., Cargill, Inc., Mitsui & Co. Ltd., Tata Chemicals Ltd., Exportadora de Sal de C.V., Dominion Salt Ltd., Rio Tinto Group, and Morton Salt.
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Industrial Salts Overview :-
The global industrial salts market was valued at USD 15.73 Billion in 2019, which is projected to reach a significantly higher value of USD 24.14 Billion in 2027, and register a CAGR of 5.4% during the forecast period. Integration of various crucial micro factors such as rising usage of potassium chloride in metallurgical processing – such as surface treatment & galvanizing – and growing usage of industrial salts in waste water treatment, and major surge in demand for industrial salts in chemical processing & agro-chemical manufacturing is boosting growth of the market. Industrial salts is a vital component in a range of industrial processes and is commonly used in formulations, and for catalytic functioning in relevant applications. Processing, hardening, soldering, smelting, and drossing are some common techniques performed in foundries, and industrial salts is a vital ingredient in these processes.
As an active ingredient of heavy-duty detergents, rock salt provides a fiber-friendly effect for fabrics and textiles, and functions as a grinding agent in dry-detergent processes. Different types of industrial salts, namely refined mesh salt and superfine salt are used in the manufacture of liquid soaps, rinsing agents, and detergents to regulate overall viscosity. Industrial salts such as granulated industrial salt, undried solar salt, extra coarse rock salt, and chemical grade salt are the primary ingredients used in various chemical manufacturing processes.
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For the purpose of this report Reports and Data has segmented global Industrial Salts market on the basis of type, application, and region:
By End-Use Outlook
· Chemical Processing
· De-icing
· Oil & Gas
· Water Treatment
· Agriculture
· Others
By Source Outlook
· Brine
· Salt Mines
By Product Outlook
· Rock Salt
· Salt in Brine
· Solar Salt
· Vacuum Pan Salt
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
· What is the expected year-on-year growth of the Industrial Salts during the forecast period?
· What key trends are expected influence revenue growth of the market going ahead?
· Which region is expected to account for largest revenue share over the forecast period?
· Which key companies are profiled in the report?
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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