The report "Industrial Salt Market by Source (Rock Salt, Natural Brine), Manufacturing Process (Conventional Mining, Vacuum Evaporation, Solar Evaporation), Application (Chemical Processing, De-Icing, Water Treatment, Oil & Gas), and Region - Global Forecast to 2022", The industrial salt 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 industrial salt market is driven by the increased demand for industrial salt in chemical processing, de-icing, water treatment, oil & gas and agricultural applications.
The Asia Pacific industrial salt market is projected to witness the highest growth between 2017 and 2022. China is the largest market for industrial salt in the Asia Pacific. The demand for industrial salt in China and India is expected to increase during the forecast period, due to the growing demand in the chlor-alkali and water treatment industries in these countries.
Key companies profiled in this research report include 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).
