The global industrial salts market size was valued at USD 14.69 billion in 2021 and is expected to reach USD 19.93 billion in 2030 growing at a CAGR of 3.45%.
Industrial salts are described as sodium chloride that is extracted from rock salt or saltwater and made industrially. The expansion of the chemical processing and water treatment industries is responsible for the increase in demand for industrial salts in the Asia Pacific area. Due to their affordability and widespread availability, industrial salts are utilised in a variety of industries, including agriculture, oil and gas, water treatment, agriculture, de-icing, and chemical processing. The industry is expanding significantly as a result of several direct applications, including dicing and agricultural needs, as well as indirect uses, including the production of chlorine and caustic soda in the chemical processing sector. Due to the lack of any viable economic alternatives, the chemical industry's Chlor-alkali sector is a significant user of the goods.
The market tends to expand as a result of the numerous technological advancements in high-purity salt manufacturing, such as vacuum pan technology. Due to the availability of low-cost manufacturing methods including traditional mining, solution mining, and solar evaporation, however, the technology has not been widely used. In practically every nation on earth, deposits or solar evaporation are operational with a variety of output capacities. Although many landlocked African nations now have rock salt deposits as a supply, landlocked countries nevertheless import the commodity in large quantities. Additionally, the absence of ideal alternatives may spur expansion.
The mining sector is governed by laws such as the Mine Health and Safety Act, which is important for the health and safety of miners, as well as by a number of rules that are enforced by the Environmental Protection Agency (EPA) to safeguard the environment. Additionally, manufacturers must follow a number of laws and regulations connected to obtaining government permissions, which is restricting their ability to expand. To ensure dependable distribution under favourable terms and circumstances, the supply chain management in the sector controls and keeps an eye on the whole channel. To increase the effectiveness of the supply chain, major companies in the industrial salts market utilise a variety of transport carriers, including affordable railway lines, waterways, and logistical services.
|Market Size||USD 19.93 billion in 2030|
|Fastest Growing Market||North America|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|
The expansion of uses for salts in industry is the primary force behind the current high demand for these salts. The majority of uses for industrial salts are found in the processing of chemicals. The production of caustic soda, chlorine, and soda ash all rely heavily on industrial salts as primary ingredients in their respective processes. It is anticipated that the use of industrial salts would be driven by the rising demand for these compounds. There is likely to be a rise in demand for these chemicals in rising economies such as China and India. The Chlor-alkali industry anticipates that the Asia-Pacific region will be the market with the highest rate of growth.
The industrial salts market share in Europe would expand at a modest rate since the Chlor-alkali sector in Europe is going through a transition as a result of the restriction on the use of technology based on mercury in the production of caustic soda. As a result of the change, a number of production sites are undergoing conversions or being shut down. On the other hand, after the transition is through, it is anticipated that the market will begin to improve. The rise in the worldwide production capacity of caustic soda that would result from the construction of new manufacturing facilities in countries such as Egypt and India would lead to an expansion of the industrial salts market share.
Concerns about the impact on the environment and human health posed by the use of salts in particular applications.
Due to increasing technological advancements in the field of high-purity salt manufacturing, such as vacuum pan technology, the market is predicted to expand.
The absence of ideal alternatives might spur expansion. Regulations governing the mining sector include the Mine Health and Safety Act, which deals with the health and safety of miners, and rules enforced by the Environmental Protection Agency, which deals with environmental protection.
Industrial salts also have their uses in solar pools and other types of energy production facilities, both of which are expected to present new opportunities in the years to come. Helps to preserve the salt levels necessary for energy generation. Increasing industrialization is the primary factor driving the growth of the global industrial salt market due to the extensive variety of uses that can be found in industrial settings. In addition, the price of industrial salt is lower than the price of natural salt, which helps to accelerate the growth of the global industrial salt market. This is because all businesses want more affordable sources of natural resources, such as industrial salt. The growing demand for industrial salt in the food and beverage sector is also driving the growth of the global industrial salt market since it is used in a broad variety of food items. This is because industrial salt is used in food production. In addition, it is not hard to get industrial salt, and it is available everywhere because of the global supply chain, which has made the product available everywhere. As a result, the convenience with which consumers may get the product is also contributing to the rise of the global industrial salt market.
In 2016, the United States and China working together accounted for the biggest revenue share combined. The rise in demand has resulted in an increase in output in China, which is predicted to continue at a rate of 2.7% throughout the course of the projection year. Consumption is anticipated to expand over the projected period as a result of growing industrialisation in Asia and the Pacific as well as increased demand for the product from chemical companies.
It is anticipated that the market in North America would expand as a result of the extensive usage of the product in de-icing under times of harsh weather. In 2016, the market in the United States accounted for 16.4% of worldwide consumption. This was mostly attributable to increased product demand in the areas of chemical processing and highway de-icing.
The natural reserves in Central and South America are plentiful, and the continents' production capacities are quite high. Brazil and Chile are the most important nations in the region in terms of both production and consumption, and they send a significant volume of the commodity to the regions of North America and Europe. On top of that, a rise in the demand for the product to be used in agricultural applications is anticipated to lead to an increase in captive consumption in the region.
During the projection period, the market in the Middle East and Africa is anticipated to have the largest increase, amounting to 3.3%. It is anticipated that the region will demonstrate a rise in demand as a result of the industrial diversification that has taken place in the region, in particular the growth of capacity for chemical manufacturing and chemical processing.
Because it may be mined from solutions or obtained from huge bodies of salty water, brine is a significant contributor to the production of industrial salts. It is anticipated that the increasing regulations placed on mining activities would have a beneficial effect on the application industries' utilisation of brine in their processes. The chemical processing industry, which is a significant application sector, is the primary consumer of brine due to its widespread usage in the manufacturing process.
The greater amount of energy required to evaporate the brine during processing contributes to the high cost associated with the production of crystals from brine. In addition, the boiling processes included in the vacuum pan technique use a significant amount of energy, which contributes to price increases. As a direct consequence of this, the technology is implemented in a variety of high-purity settings.
Due to the increasing demand for rock salt in various application sectors, salt mines now hold a significant portion of the market and are anticipated to see expansion over the course of the forthcoming projection period. In addition, demand for applications such as de-icing is anticipated to have a beneficial influence on the market. However, the expansion is anticipated to be hampered by a number of rules that are associated with mining activities.
It is anticipated that the process of collecting the commodity from mines would require a number of permissions, licences, and permits from mining agencies located all over the world, which will slow down expansion. In addition, the operating rate of mining facilities varies with the changing demand for the de-icing application. Due to this it is anticipated that the overall expansion will be slowed down throughout the course of the projected time.
Brine is a highly concentrated salty solution that may be extracted from vast bodies of water or by using the solution mining process to dissolve mineral deposits. Brine is also known as saltwater. The manufacturing of chlorine and caustic soda both need considerable amounts of the product in the form of brine, which is utilised by chemical businesses.
Due to the strong demand for water treatment and agricultural applications, solar salt is predicted to have the quickest increase over the next several years. Solar salt already accounts for 40% of the total output around the globe. However, the market expansion is anticipated to be hampered by aspects of the product itself, such as the price of manufacture, the amount of time required, the degree of purity achieved, and harvesting dependent on meteorological conditions.
Because dicing is the primary use for rock salt, the demand for the commodity is heavily influenced by the winter weather that may be found in locations with low temperatures. In addition, demand from other application sectors, such as agricultural and food processing, is anticipated to develop, which is projected to further drive the expansion of the product's market all over the world.
Pellet, tiny cube, and special purity salt are high-purity goods that are created using the vacuum pan technique. These products find usage in hospitals, food factories, the medical sector, the fabrication of circuit boards, and the softening of water. It is anticipated that the vacuum pan method would have the robust expansion, which will be backed by increased penetration in the chemical as well as food processing industries.
Demand is anticipated to be driven throughout the projected period by increasing penetration of the product in a variety of end-use markets, including chemical processing, de-icing, water treatment, oil and gas, and agricultural goods. It is anticipated that rising demand for the product in chemical processing and applications involving chlor alkali, particularly in China and India, will contribute to development.
In 2016, the chemical sector was responsible for more than half of the total consumption on a worldwide scale. The product is used in a lot of grades by makers of chemical products, including rock, brine, and high purity grades. Large chemical industries, on the other hand, like using the solution mining approach to manufacture artificial brine with a high purity level for use within their own facilities.
De-icing is the second-largest use since there is a plentiful supply, it is not very expensive, and it possesses good ice management capabilities. Because it does not require any form of filtration, rock salt is often utilised for the majority of this application. As a result of brine's strong efficacy even at temperatures lower than 25 degrees Fahrenheit, its utilisation as a de-icing agent for roadways has been on the rise during the past several years.
The market will be driven by an increase in demand for the product in applications involving water treatment from emerging economies. The expansion of the water treatment market is anticipated to be aided by factors such as increasing industrialization, increasing water quality requirements, more complicated manufacturing processes, and increased accessibility to clean drinking water sources and sanitation facilities.
List of key industrial salts market suppliers profiled