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Industrial Salt Market Size will show exponential growth Via pharmaceutical application

Author : Ronak Bora | Published Date : 2019-06-11 

Based on the application, industrial salt market is segmented into pharmaceutical, chemical processing, oil and gas, agriculture, de-icing, water treatment and others. Chemical processing is anticipated to grow rapidly over the next eight years. Chemical industry uses these industrial salts for its process completion of numerous products like soda ash, caustic soda and chlorine. A large amount of salt is used in manufacturing of soaps as it separates many components which is required for its making. It makes the chemicals to dissolve in water more rapidly hence serving as a filler for solvents and detergents.

Based on production, industrial salt market is segmented into, solar salt, harvested from the inland wetlands or sea, Boreholes reaching out to deep layers of salt (vacuum salt),Salt can be mined underground through traditional shaft mining (rock salt). Rock salt is forecasted to have largest market share over the coming years owing to the presence of numerous salt mines worldwide.

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Industrial Salt Market size will witness significant growth owing to high acceptance in preparation of various food products over the forecast timeframe. Continuous growth in industrialization will further escalate the industrial salt market in respect with its wide range of industrial applications. In addition, easy availability of industrial salts solves the supply chain concern that serves as another factor resulting in the industry growth till 2024. Increasing demand from the chemical industry in production of soda ash and chloro-alkali chemical is promoting the industry market.

Industrial salts also find their applications in solar ponds and some energy production facilities that is anticipated to open new opportunities in the coming years. It maintains the required salinity in production of energy. It also servers the water treatment and agriculture industry in its various applications. Industrial salt is widely used by oil and gas industry and is majorly used by chemical industry.

Europe and North America are projected to account for a significant share in industrial salt market over the forecast timeframe. High production of industrial salt in Europe coupled with the presence of numerous established and local players will support the industry growth in the region.

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Cargill, China National Salt Industry Corporation, ICL Fertilizers, Dow Chemicals, Akzo Nobel, Compass Minerals, K+S Chemical Company, Tata Chemicals are the among the major players in the industry .Other participants involved in manufacturing are Artyomsol, Maldon Crystal Salt, INEOS Chemicals, Rio Tinto, Mitsui & Co. Ltd, Agrosal, Henrique Lage Salineira, Dominion Salt, Shandong Dadi Salt Chemical, Morton Salt, Kopalnia Soli Klodawa Spolka Akcyjna, Dampier Salt, SunSalt, Russolo, Mitsui, Irish Salt Mining Exploration, Infosa, Salinas, Saltcor, ITALKALI, Atisale, Lluka Resources mining, Bhavnagar Salt & Industrial Works, K?odawa Salt Mine, Exportadora De Sal SA de CV, Hubei Shuanghuan Science Technology, Cheetham Salt, and Dev Salt.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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