Who are the key players in Industrial Salts Market?

Cargill, Incorporated, K+S Aktiengesellschaft, Tata Chemicals Ltd., INEOS and Nouryon are the major companies operating in the Industrial Salts Market. Read More

Which is the fastest growing region in Industrial Salts Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Industrial Salts Market?

In 2024, the Asia Pacific accounts for the largest market share in Industrial Salts Market. Read More

What years does this Industrial Salts Market cover, and what was the market size in 2023?

In 2023, the Industrial Salts Market size was estimated at 228.39 million tons. The report covers the Industrial Salts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Salts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Industrial Salts Market Size

Market Size of Industrial Salts Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
CAGR (2024 - 2029)	2.20 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Industrial Salts Market Analysis

The Industrial Salts Market size is estimated at 233.41 Million tons in 2024, and is expected to reach 260.24 Million tons by 2029, growing at a CAGR of 2.20% during the forecast period (2024-2029).

The market was negatively impacted by COVID-19 in 2020. Industrial salts are used to produce chemicals like chlorine and caustic soda. Owing to the pandemic scenario, the chemical manufacturing units were on a temporary halt during the government-imposed lockdown, thus leading to a decrease in the demand for raw material needed in chemical processing. Furthermore, industrial salts are also consumed in paper manufacturing. According to the CONFEDERATION OF EUROPEAN PAPER INDUSTRIES (CEPA), the paper and board production by Cepi member countries decreased by 5% in 2020 compared to the previous year, mainly due to global demand impacted by the COVID-19 pandemic, which in turn negatively impacts the demand for the studied market. However, the usage of soaps and detergents that use industrial salts as a raw material during production has significantly increased during this situation, considering the personal hygiene and clean surrounding, which in turn stimulates the demand for the industrial salts market.

Over the short term, the increasing demand for industrial salts for chemical processing and water treatment applications is expected to drive the market's growth.
On the flip side, strict regulations imposed by the environmental protection agency (EPA) are expected to hinder the growth of the market.
By application, the chemical processing segment is expected to dominate the market, owing to the increasing usage in manufacturing soda ash, caustic soda, and chlorine.
The Asia-Pacific region dominated the market across the world, with the largest consumption from countries such as China and India.

Industrial Salts Industry Segmentation

Industrial salts are mainly consumed by the chemical industry to produce caustic soda and other chloralkali products and are also used in the manufacturing of polyester, glass, paper, tires, brass bleach, as well as used to set dye in the fabric. Industrial salts are available in various levels of purity, depending on the applications. The industrial salts market is segmented by Source, Manufacturing Process, Application, and Geography. By Source, the market is segmented into Rock Salt and Natural Brine. By Manufacturing Process, the market is segmented into Solar Evaporation, Vacuum Evaporation, and Conventional Mining. By Application, the market is segmented into Chemical Processing, Water Treatment, De-icing, Agriculture, Oil and Gas, and Other Applications. The report also covers the market size and forecasts for the industrial salts market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons).

Source
		Rock Salt
		Natural Brine

Manufacturing Process
		Solar Evaporation
		Vacuum Evaporation
		Conventional Mining

Application
		Chemical Processing
		Water Treatment
		De-icing
		Agriculture
		Food Processing
		Oil and Gas
		Other Applications

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Industrial Salts Market Size Summary

The industrial salts market is poised for steady growth over the forecast period, driven by increasing demand in chemical processing and water treatment applications. Industrial salts, primarily sourced from rock salt or natural brine, play a crucial role in the production of essential chemicals such as chlorine, soda ash, and caustic soda. The market experienced a downturn due to the COVID-19 pandemic, which temporarily halted chemical manufacturing and reduced demand in sectors like paper production. However, the surge in demand for soaps and detergents, which utilize industrial salts, helped mitigate some of the negative impacts. The Asia-Pacific region, particularly China and India, dominates the market due to rapid industrialization and significant consumption in the chemical processing industry.

The market's growth is further supported by the lack of cost-effective substitutes for industrial salts in various applications, including the chloralkali process and the production of polyvinyl chloride (PVC) for the construction industry. Despite the positive outlook, the market faces challenges from stringent environmental regulations. The fragmented nature of the market sees major players like Cargill Incorporated, K+S Aktiengesellschaft, and Tata Chemicals Ltd holding a marginal share, with ongoing strategic moves such as acquisitions and infrastructure enhancements to boost production capabilities. The demand for industrial salts is expected to be bolstered by their use in de-icing, water treatment, and the production of inorganic chemicals, with significant implications for market dynamics in the coming years.

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Industrial Salts Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Demand in Chemical Processing
  2. 1.1.2 Growing Demand from Water Treatment
2. 1.2 Restraints
  1. 1.2.1 Stringent Government Regulations
  2. 1.2.2 Unfavorable Conditions Arising due to the Impact of COVID-19
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION
1. 2.1 Source
  1. 2.1.1 Rock Salt
  2. 2.1.2 Natural Brine
2. 2.2 Manufacturing Process
  1. 2.2.1 Solar Evaporation
  2. 2.2.2 Vacuum Evaporation
  3. 2.2.3 Conventional Mining
3. 2.3 Application
  1. 2.3.1 Chemical Processing
  2. 2.3.2 Water Treatment
  3. 2.3.3 De-icing
  4. 2.3.4 Agriculture
  5. 2.3.5 Food Processing
  6. 2.3.6 Oil and Gas
  7. 2.3.7 Other Applications
4. 2.4 Geography
  1. 2.4.1 Asia-Pacific
    1. 2.4.1.1 China
    2. 2.4.1.2 India
    3. 2.4.1.3 Japan
    4. 2.4.1.4 South Korea
    5. 2.4.1.5 Rest of Asia-Pacific
  2. 2.4.2 North America
    1. 2.4.2.1 United States
    2. 2.4.2.2 Canada
    3. 2.4.2.3 Mexico
  3. 2.4.3 Europe
    1. 2.4.3.1 Germany
    2. 2.4.3.2 United Kingdom
    3. 2.4.3.3 France
    4. 2.4.3.4 Italy
    5. 2.4.3.5 Rest of Europe
  4. 2.4.4 South America
    1. 2.4.4.1 Brazil
    2. 2.4.4.2 Argentina
    3. 2.4.4.3 Rest of South America
  5. 2.4.5 Middle-East and Africa
    1. 2.4.5.1 Saudi Arabia
    2. 2.4.5.2 South Africa
    3. 2.4.5.3 Rest of Middle-East and Africa