Inorganic Salts Market Survey and In-depth Analysis on Industry Growth Factors, Trends, and Forecasts

CITY, Country, 2019-Jul-23 — /EPR Network/ —The global inorganic salts market is expected to grow at a CAGR of 4.4% during 2016 – 2022. The major factors driving the growth of the global market include increased salt consumption and its application in various chemical manufacturing industries, and the growth of fertilizer and agrochemicals industries. Inorganic salts are utilized in a number of industries. Chemical manufacturing is by far the largest market for inorganic salts. The industry which produces chlor alkali and synthetic soda ash uses salts as their primary feedstock.

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Among the various applications, the chemical segment accounted for largest share in the global market in 2015, and it is expected to grow at a CAGR of 4.7% in terms of value during the period 2016 – 2022. Among the various product types, the calcium salts segment held the largest share in the global inorganic salts market in 2015, and it is expected to retain its dominance during the forecast period. Inorganic salts are used extensively around the globe. Asia-Pacific accounted for the largest market share of inorganic salts, followed by North America and Europe.

China is the largest consumer, owing to its large size of chemical industry. China also uses inorganic salts in building and construction purpose. In addition, the Indian sub-continent is a major producer of generic drugs, which uses inorganic salts for medicines. Some countries in Europe are using acetate inorganic salts to produce fashion apparel, home furnishing, dress lining, and upholstery. A country in Middle-East and the U.S. uses sulphates for chemical processing. Countries with large population, such as Brazil, Argentina, India, and China are the major consumers of inorganic salts.

GLOBAL INORGANIC SALTS MARKET SEGMENTATION

By Product Type

• Sodium salt

• Magnesium salt

• Calcium salt

• Potassium salt

• Ammonium salt

• Others

By Application

• Chemical

• Fertilizer

• Food

• Healthcare

• Construction

• Others

By Region

• North America

o U.S.

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Netherland

o Spain

o Rest Of Europe

• Asia-Pacific

o China

o Japan

o India

o Australia

o Rest of Asia-Pacific

• Rest of the World (RoW)

o Brazil

o Others

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The research in biotechnology is opening new avenues for inorganic salts. Inorganic salts are used as reagent in modern biotechnological devices, such as High Pressure Liquid Chromatography. Biotechnology is expected to open new areas of opportunity for the market of inorganic salts. Some form of sulphides, such as selenium sulphides are lately being used in cosmetic industry for formulating anti dandruff products.