Industrial Salts Market Is Poised To Achieve Continuing Growth During Forecast Period 2014 - 2025

Industrial salts find their applications in industry verticals such as pharmaceuticals, chemicals, and food processing. The most extensive usage has been found in food processing industry for flavoring and preservation. However, they could cause cardio vascular disease, increased blood pressure due to higher content of sodium. Additionally, industrial salts absorb moisture due to their hygroscopic nature. This influences the use of industrial salts in de-icing applications, as their use can lead to corrosion in metallic structures, automotive parts, and slippery roads.

Furthermore, industrial salts are mainly used as raw material for the production of chlorine, soda ash, and caustic soda. The rising demand for these chemicals will upsurge the consumption of industrial salts in the years to come. Industrial Salts industry is anticipated to grow at a significant CAGR of 2.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Industrial Salts Market may be explored by source, product, application, and geography. The market may be explored by source as Brine, and Salt mines. The “Brine source” segment dominated the Industrial Salts industry in 2016 and is anticipated to maintain its dominance by 2025. Brine is a high-concentration saline mixture, which is obtained from large waterbodies and dissolving mine deposits through solution mining method. The market may be explored by product as Salt in brine, Rock salt, Solar salt, and Vacuum pan salt. “Rock salt” segment dominated the market in 2016, covering 38.0% of the market share by volume.

Industrial Salts Market may be explored by application as Chemical processing may be further explored as Soda ash, Caustic soda, Chlorine), Oil & Gas, De-icing, Agriculture, food processing, Water treatment, and Others. The “chemical processing application” segment dominated the Industrial Salts industry in 2016 and is anticipated to maintain its dominance by 2025 owing to increasing demand for the product in chlor alkali applications, and chemical processing, mainly in India and China. Asia-Pacific accounted for the major share of the industrial salts market Size in 2016 and will continue to lead in the forecast period. China is a leading consumer of Industrial Salts in Asia Pacific region. Further, North America is expected to witness growth in the years to come.