The global industrial salts market was surpassed at USD 14.2 billion in 2021 and is expected to hit around USD 17.34 billion by 2030, growing at a CAGR of 2.24% from 2022 to 2030.
The growing application of brine in chemical processing industry for deriving chlorine and caustic soda is expected to drive demand.
The rising demand for industrial salts with increasing penetration in wide range of application industries including chemical processing, water treatment, and agriculture is expected to drive market growth over the forecast period. Chlor-alkali sector in a chemical industry is a major consumer of salt for manufacturing of caustic soda and chlorine.
The unavailability of economic substitute is expected to have a positive impact on the industrial salts market growth. However, chemicals such as calcium chloride, calcium magnesium acetate, hydrochloric acid, potassium chloride are potential substitutes for salt in de-icing, certain chemical processes, and in food flavoring available at high cost.
Industrial salts are available in different forms and large number of participants including global and local manufacturers offer broad product portfolio which are distributed under relationship economy trade orientation. As it is a natural resource, the market is highly price sensitive and operates on low profit margins.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 14.2 billion |
| Revenue Forecast by 2030 | USD 17.34 billion |
| Growth rate from 2022 to 2030 | CAGR of 2.24% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Source, product, application, region |
| Companies Covered |
K+S Group; Morton Salt; Compass Mineral compete |
Source Insights
Brine is a major source of industrial salts as it is derived from large saline waters bodies or through solution mining. The growing restrictions on mining activities are expected to have a positive impact on the use of brine in the application industries. Brine is majorly used in chemical processing, which is a major application industry, leading to high demand for the brine.
Processing cost associated with brine to produce crystals is high owing to increased energy consumption to vaporize the brine. In addition, boiling operations in the vacuum pan technique consume high energy responsible for increased prices. As a result, the technology is used in specific high-purity applications.
Salt mines account for a large market share and are expected to witness growth over the forecast period owing to rising consumption of rock salt in application industries. In addition, demand in de-icing applications expected to have a positive impact on the demand. However, several regulations pertaining to the mining activities are expected to restraint growth.
The process of obtaining the product from mines require several approvals, license, and permits from mining authorities across the globe, which is expected to restrain growth. In addition, the operating rate of mine facilities fluctuates with changing demand for the de-icing application, which is expected to slow down the overall growth over the projected period.
Product Insights
Brine is a high-concentration saline solution, which is obtained from large water bodies and dissolving mine deposits through solution mining technique. Chemical companies utilize a significant amount of the product in the form of brine, for production of chlorine and caustic soda. According to the statistics by USGS, brine accounted for 38% of the consumption in the U.S. in 2021.
Solar salt accounts for 40% of the overall production worldwide and is expected to witness the fastest growth owing to the high demand in water-treatment and agricultural applications. However, factors associated with the product including production cost, time, purity level, and harvesting based on climatic conditions, are expected to restraint market growth.
The demand for rock salt is dependent on winter weather conditions from cold regions as deicing is the major application of the product. In addition, demand from other application industries including agriculture and food processing is expected to grow further driving the market growth for the product worldwide.
Pellet, mini cube, and special purity salt are high purity products produced using vacuum pan technique and find applications in hospitals, food plants, medical industry, circuit board manufacturing, and water softening. The vacuum pan technique is expected to witness robust growth, supported by increasing penetration in the chemical and food processing industry.
Application Insights
Increasing penetration of the product in chemical processing, de-icing, water treatment, oil & gas, and agriculture products is expected to drive the demand over the forecast period. Rising demand for the product in chemical processing and chlor alkali applications, primarily in China and India is expected to augment growth.
The chemical industry accounted for over 50% of the global consumption in 2021. Chemical manufacturers utilize the product in various grades including rock, brine, and high purity grades. However, major chemical companies prefer to produce artificial brine with high purity level for captive consumption by solution mining technique.
De-icing is the second-largest application on account of abundant supply, low cost, and effective ice control properties. Rock salt is majorly used for this application as it does not require any kind of purification. Use of brine for road de-icing has been increasing for the past few years on account of its high effectiveness at a lower temperature, i.e., below 25oF.
Rising demand for the product in water treatment applications from developing economies is expected to drive the market over the forecast period. Increasing industrialization, rising water quality standards, more complex manufacturing processes, and improved access to safe drinking water supplies and sanitation facilities are expected to aid market growth for water treatment.
Regional Insights
China and the U.S. combined accounted for the largest revenue share in 2021. China has increased its production owing to the increasing demand and is expected to grow at 2.7% over the forecast period. Growing industrialization in Asia Pacific and rising demand for the product in chemical industries is expected to increase consumption over the projected period.
The market in North America is expected to witness growth owing to widespread use in de-icing in extreme weather conditions. The market in the U.S. accounted for 16.4% of global consumption is 2021, primarily due to rising product demand in highway deicing and chemical processing.
Central & South America is rich in natural deposits, with high production capacities. Brazil and Chile are dominant producing as well as consuming nations in the region, exporting a large amount of the product to North America and Europe. In addition, the growing demand for the product in agricultural applications is expected to increase captive consumption in the region.
The market in the Middle East & Africa is expected to have the highest growth of 3.3% over the forecast period. The region is expected to indicate increase in demand on account of industrial diversification in the region, particularly the expansion of chemical production and chemical processing capacities.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Industrial Salts Market
5.1. COVID-19 Landscape: Industrial Salts Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Industrial Salts Market, By Source
8.1. Industrial Salts Market, by Source, 2022-2030
8.1.1 Brine
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Salt mines
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Industrial Salts Market, By Product
9.1. Industrial Salts Market, by Product, 2022-2030
9.1.1. Rock salt
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Salt in brine
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Solar salt
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Vacuum pan salt
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Industrial Salts Market, By Application
10.1. Industrial Salts Market, by Application, 2022-2030
10.1.1. Chemical processing
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. De-icing
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Oil & Gas
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Water treatment
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Agriculture
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Industrial Salts Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Source (2017-2030)
11.1.2. Market Revenue and Forecast, by Product (2017-2030)
11.1.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Source (2017-2030)
11.1.4.2. Market Revenue and Forecast, by Product (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Source (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Product (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Source (2017-2030)
11.2.2. Market Revenue and Forecast, by Product (2017-2030)
11.2.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Source (2017-2030)
11.2.4.2. Market Revenue and Forecast, by Product (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Source (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Product (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Source (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Product (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Source (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Product (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Source (2017-2030)
11.3.2. Market Revenue and Forecast, by Product (2017-2030)
11.3.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Source (2017-2030)
11.3.4.2. Market Revenue and Forecast, by Product (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Source (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Product (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Source (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Product (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Source (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Product (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Source (2017-2030)
11.4.2. Market Revenue and Forecast, by Product (2017-2030)
11.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Source (2017-2030)
11.4.4.2. Market Revenue and Forecast, by Product (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Source (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Product (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Source (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Product (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Source (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Product (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Source (2017-2030)
11.5.2. Market Revenue and Forecast, by Product (2017-2030)
11.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Source (2017-2030)
11.5.4.2. Market Revenue and Forecast, by Product (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Source (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Product (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Application (2017-2030)
Chapter 12. Company Profiles
12.1. Compass Minerals Limited
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Cargill Inc.,
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. INEOS Enterprises
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. China National Salt Industry Corporation (CNSIC)
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Tata Chemicals Limited
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. K+S Group
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Morton Salt
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Mitsui & Co. Ltd.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Rio Tinto PLC
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Delmon Salt Factory Co. Ltd
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers