Why is Industrial Salt Highly Required in the Drilling & Extraction Sector – Exclusive Report by Fact.MR

250 Pages Industrial Salt Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

Latest industry survey by Fact MR, predicts Industrial Salt sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.

The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

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Market growth is mainly attributed increased application of industrial salt such as in chemical processing, caustic soda, soda ash, water treatment, de-Icing, and many more. Global consumption of industrial salt is poised to increase to 455 KT by 2031.

Attribute	Details
Industrial Salt Market Size (2020)	US$ 13.1 Bn
Market Forecasted Value (2031)	US$ 20.3 Bn
Global Market Growth Rate (2021 to 2031)	4% CAGR
Market Share of Top 5 Companies	>20%

The report offers actionable and valuable market insights of Industrial Salt. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Industrial Salt Market across various industries and regions.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Industrial Salt market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Industrial Salt

This newly published and insightful report sheds light on Market Insights of Industrial Salt, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Industrial Salt Market.

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Key Segments of Industrial Salt Industry Research

• By Grade

  • Grade-I Industrial Salt
  • Grade-II Industrial Salt
  • Others

• By Source

  • Rock Salt
  • Natural Brine

• By Production Process

  • Conventional Mining
  • Solar Evaporation
  • Vacuum Evaporation

• By Application

  • Industrial Salt for Chemical Processing
    • Caustic Soda
    • Soda Ash
    • Industrial Salt for Power Industry
    • Industrial Salt for Oil & Gas Industry
    • Industrial Salt for Water Treatment Industry
    • Industrial Salt for De-Icing
    • Others

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Key Takeaways from Market Study

• The global industrial salt market is anticipated to witness decent growth over the period of forecast and create a value opportunity of around US$ 6.3 Bn, adding 1.5X value as compared to 2020.
• Oil & gas applications are set to dominate market revenue in 2021, and expected to gain 20 BPS in their market share by 2031.
• The de-icing segment is anticipated to lose around 67 BPS over the forecast period.
• East Asia holds a leading share in the global industrial salt market, of which, China has captured a lion’s share of the demand.
• The COVID-19 pandemic adversely affected all regions and industries. With the oil & gas sector – an important end user of industrial gas – being badly affected, growth of the market will be sluggish in 2021.

“Key market stakeholders with economies of scale are set to gain impressive profits over the coming years,” says a Fact.MR analyst.

Competitive landscape

Top manufacturers of industrial salt include AkzoNobel N.V, K+S AG, Sojitz, Mitsui Chemicals, Cargill, Arytomsol, Ciech S.A, Tata Chemicals, Swiss Salt Works AG, CK Life Sciences International, Compass Minerals International Inc., and Infosa.

All these manufacturers are focussed on gaining maximum market attraction, delivery, portfolio expansion, and brand development.

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Report Benefits & Key Questions Answered

• Industrial Salt Company & brand share analysis: The report offers brand-share analysis on Industrial Salt market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
• Industrial Salt Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
• Industrial Salt Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
• Industrial Salt Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
• Industrial Salt Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
• Post COVID consumer spending on Industrial Salt: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Industrial Salt sales.

More Valuable Insights on Industrial Salt Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Industrial Salt, Sales and Demand of Industrial Salt, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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