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(IT-NEWSWIRE.COM, August 10, 2019 ) According to a new market research 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', published by MarketsandMarkets™, the 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.
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The growth of the industrial salt market is driven by the increased demand for industrial salt in the chemical processing, de-icing, water treatment, oil & gas and agricultural applications.
Based on source, the rock salt segment is projected to lead the industrial salt market during the forecast period from 2017 to 2022.
The rock salt source segment is projected to be the larger segment of the industrial salt market during the forecast period from 2017 to 2022. The growth of the rock salt segment of the market can be attributed to the presence of various salt mines across the globe. Rock salt deposits can be effectively mined using conventional mining techniques or the solution mining process.
The chemical processing application segment of the industrial salt market is projected to witness the highest growth between 2017 and 2022.
The chemical processing application segment of the industrial salt market is projected to witness the highest growth between 2017 and 2022. The growth of this segment of the market can be attributed to the use of industrial salt as raw materials in the manufacturing of various products, such as caustic soda, soda ash, and chlorine. The growth of the chlor-alkali industry in emerging economies is expected to further fuel the demand for industrial salt during the forecast period.
Don't miss out on business opportunities in Industrial Salt Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=114673715
Browse in-depth TOC on "Industrial Salt Market"
158 - Market Data Tables
37 - Figures
168 - Pages
The Asia Pacific industrial salt market is projected to witness the highest growth between 2017 and 2022.
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 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).
Get this report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=114673715
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets™
Mr. Shelly Singh
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
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