The industrial salts market was valued at USD 12.70 billion in 2016 and is projected to reach USD 14.93 billion by 2022, at a CAGR of 2.8% from 2017 to 2022. The growth of the chlor-alkali industry is driving the growth of the industrial salts market in the chemical processing application. The growing use of industrial salts for de-icing and water treatment applications is expected to further fuel the growth of the market across the globe. Agriculture and oil & gas are the key application sectors of industrial salts.
Companies in the industrial salts market adopted various strategies to enhance their presence between July 2012 and June 2017. Expansions accounted for a major share of all the growth strategies adopted by the leading players in the industrial salts market between July 2012 and June 2017. K+S AG (Germany), Cargill, Inc. (US), Compass Minerals America Inc. (US), China National Salt Industry Co. (China), Tata Chemicals Ltd. (India), Mitsui & Co. Ltd. (Japan), Rio Tinto Group (UK), COMPAGNIE DES SALINS DU MIDI ET SALINES DE L'EST (France), Dominion Salt Ltd. (New Zealand), and Exportadora de Sal de C.V. (Mexico) are some the leading players operating in the industrial salts market.
