Industrial Salts Market Trends, Segmentation, Demand, Industry Growth And Expansion 2024-2033Posted by Amruta Pritam on May 1st, 2024 Overview and Scope Industrial salt is a finely processed, white crystalline granules from natural sources. It is suitable for various applications, including detergents, textile dyeing, resin products, and other chemical processes. Sizing and Forecast The industrial salts market size has grown steadily in recent years. It will grow from .8 billion in 2023 to .53 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to chemical industry growth, water treatment applications, snow and ice control, food processing, metal processing.. The industrial salts market size is expected to see strong growth in the next few years. It will grow to .92 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to renewable energy initiatives, environmental regulations, urbanization and construction, health and wellness trends, economic development in emerging markets. Major trends in the forecast period include technological advancements in abe production, expansion of chemical industry, rising importance in water treatment, advancements in salt production technologies, investments in research and development.. To access more details regarding this report, visit the link: https://www.thebusinessresearchcompany.com/report/industrial-salts-global-market-report Segmentation & Regional Insights The industrial salts market covered in this report is segmented – 1) By Source: Rock Salt, Natural Brine 2) By Manufacturing Process: Conventional Mining, Solar Evaporation, Vacuum Evaporation 3) By Application: Agriculture, Chemical Processing, Food Processing, Water Treatment, De-icing, Oil and Gas Asia-Pacific was the largest region in the industrial salts market share in 2023. The regions covered in the industrial salts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Intrigued to explore the contents? Secure your hands-on sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=8899&type=smp Major Driver Impacting Market Growth The growing number of water treatment projects is expected to propel the industrial salt market. Water treatment is the process of purifying water for utilization or restoring it to its natural form. Industrial salts are used in water treatment to remove impurities and undesired components, as well as to lower the waste concentration in water supplies used for both household and industrial applications or discharge it back into the environment. Additionally, various government initiatives are implemented to improve water quality, which favors the demand for water treatment projects. For instance, in March 2021, the U.S. Department of Energy (DOE), a US-based federal government that oversees U.S. national energy policy and manages the research and development on power, announced the investment of .5 million for 16 water infrastructure projects with modern technologies to reduce energy use in aging water infrastructure, especially in wastewater treatment that demands up to 2% of domestic electricity use each year. Therefore, the growing number of water treatment projects is expected to drive the growth of the industrial salts market. Key Industry Players Major companies operating in the industrial salts market report are Cargill Incorporated, Mitsui & Co.Ltd., Nouryon Chemicals Holding B.V, Rio Tinto Group, Compass Minerals International Inc., INEOS Group AG, K+S AG, Wacker Chemie AG, Akzo Nobel N.V., Occidental Petroleum Corporation, Solvay S.A., Dominion Salt Ltd., ICL Group Ltd., Salt Union Ltd., Swiss Saltworks AG, Atisale SpA, Salins Group, Kopalnia Soli Wieliczka SA, Dampier Salt Ltd., Morton Salt Inc., Qinghai Salt Lake Industry Co. Ltd., Henan Huayang Salt Chemical Co. Ltd., Shandong Haihua Group Co. Ltd., Ciech S.A., Tata Chemicals North America Inc., China National Salt Industry Corporation, Tata Chemicals Limited, Salinas Salt Company, San Francisco Salt Company, SaltWorks Inc. The industrial salts market report table of contents includes: 1. Executive Summary 2. Industrial Salts Market Characteristics 3. Industrial Salts Market Trends And Strategies 4. Industrial Salts Market - Macro Economic Scenario 5. Global Industrial Salts Market Size and Growth ............... 31. Global Industrial Salts Market Competitive Benchmarking 32. Global Industrial Salts Market Competitive Dashboard 33. Key Mergers And Acquisitions In The Industrial Salts Market 34. Industrial Salts Market Future Outlook and Potential Analysis 35. Appendix Explore the trending research reports from TBRC: Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: info@tbrc.info Like it? Share it!More by this author
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