Industrial Salt Market is Estimated Size of USD 14970 Million By 2028 With A CAGR of 1.4% - Valuates Reports
BANGALORE, India, Feb. 22, 2022 /PRNewswire/ -- Industrial Salt Market By Type - Sea Salt, Well and Rock Salt, Lake Salt, Market By Application - Chemical Processing, De-Icing, Oil & Gas, Water Treatment, Agriculture, Others. Global Opportunity Analysis and Industry Forecast 2022 - 2028. It is published in Valuates Reports under the Chemicals Industry Category.
The global Industrial Salt market size is estimated to be worth USD 13750 million in 2022 and is forecast to be a readjusted size of USD 14970 million by 2028 with a CAGR of 1.4% during the review period.
Major Factors Driving The Growth Of The Industrial Salts Market Are
Increasing use in various end-user industries for chemical processing, water treatment, De-Icing, Oil & Gas, and agriculture is expected to drive the growth of the industrial salts market.
Browse The Table Of Contents And List Of Figures At https://reports.valuates.com/market-reports/QYRE-Auto-15X214/global-industrial-salt
TRENDS INFLUENCING THE GROWTH OF THE INDUSTRIAL SALTS MARKET
The chemical industry relies heavily on industrial salt to manufacture various chemicals. This factor is expected to drive the growth of the industrial salts market. It is frequently used as a raw material in the production of chlorine, caustic soda, and soda ash. Aside from these, industrial salt is used to make caustic soda, sodium sulfate, sodium carbonate, hydrochloric acid, sodium bicarbonate, liquid sodium, metallic sodium, chlorine, and sodium nitrate, among other things. Furthermore, industrial salts are actively used in the chlor alkali process to manufacture products such as ethylene dichloride, which is stimulating demand for industrial salts due to a lack of cost-effective substitutes.
The industrial salts market growth is driven by the rising demand for clean water. In most water softening systems, industrial salts are used for water treatment. Water softening systems use an ion exchange process with resins to effectively remove calcium and magnesium salts from water. For resin regeneration, industrial salts are used, which improves the resin's as well as the system's performance. For these purposes, coarse, granulated, or salt pellets of various geometries are used. Industrial salts are also used as a source of chlorine in the treatment of drinking water and swimming pools as disinfectants.
Industrial salt is often used in an oil drilling rig to make it more efficient and safer. Other than this, industrial salt is utilized as an additive in mud used as a drilling fluid. Industrial salt increases the density of the soil and thus makes the drilling process safer. Industrial salt applications in mud used as drilling fluid act as a lubricant and coolant for the drilling head. Salt applications in the oil industry can also serve as flocculants, diverting agents, acidizing specialty additives, thinners/dispersants, and stabilizers.
The growing use of industrial salts for de-icing is expected to drive the growth of the industrial slats market. The vast majority of industrial salt is used to keep roads, sidewalks, and platforms in good working order. De-icing road salt is frequently spread across the roads before the surface freezes, forming a layer of brine. This process slows or prevents the formation of ice. When roads or sidewalks are already frozen or covered in snow, industrial salt is used to lower the freezing point of water. As a result, industrial salt melts the snow and prevents the formation of ice. As a result, salt de-icing makes roads safer and helps to prevent accidents.
Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-15X214/Global_Industrial_Salt_Market
INDUSTRIAL SALT MARKET SHARE ANALYSIS
Based on region, Asia-Pacific is expected to be the most lucrative region, with China holding the majority share of about 80%. IT was followed by India and Japan, both having a share of over 15 percent.
Based on the product, Well and rock salt is expected to be the most lucrative with a market share of 45%.
Based on application, the largest application is (Chemical processing) Chlor-Alkali, followed by Soda ash, etc.
Inquire For Customization: https://reports.valuates.com/request/customisation/QYRE-Auto-15X214/Global_Industrial_Salt_Market
Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Industrial Salt Market By Companies
- Archean Group
- Ahir Salt
- GHCL
- Sojitz
- Naikai Salt
- China National Salt
- 9D Grou
- Yunnan Salt
- Lantai Industry
- Chengyuan Salt
- Jingshen Salt & Chemical
- Longwei
- Chengkou
- Lubei Chemical
- Dadi Salt
Inquire For Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Auto-15X214/Global_Industrial_Salt_Market
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-15X214&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS
- The global Iodate Salt market was valued at USD 9140.4 million in 2020 and it is expected to reach USD 10210 million by the end of 2027, growing at a CAGR of 1.6% during 2021-2027.
- The global Sodium Chloride (Salt) market size is estimated to be worth USD 17450 million in 2022 and is forecast to a readjusted size of USD 19760 million by 2028 with a CAGR of 2.1% during the review period.
- The global Oral Rehydration Salt market was valued at USD 613.2 million in 2020 and is expected to reach USD 906.2 million by the end of 2027, growing at a CAGR of 5.8% during 2021-2027.
- The global Nickel Sulfate market was valued at USD 2054.9 million in 2020 and it is expected to reach USD 2579.2 million by the end of 2027, growing at a CAGR of 3.3% during 2021-2027.
- Global Salt Market Outlook 2022
- Global Salt Lake Battery Grade Lithium Carbonate Market Insights, Forecast to 2028
- Global Celery Salt Market Insights and Forecast to 2028
- Global Industrial Grade Salt Market Research Report 2021
- Global Bagged Salt Market Outlook 2022
- Global Poly-L-Glutamic Acid Sodium Salt Market Research Report 2021
- Global Nylon 66 Salt Market Outlook 2022
Click Here To See Related Reports on Industrial Salt Market
About Us:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
Contact Us:
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Share this article