NEW YORK , Aug. 16, 2024 /PRNewswire/ -- The global industrial salt market size is estimated to grow by USD 4.05 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of about 5.02% during the forecast period. Wide range of industrial applications of industrial salt is driving market growth, with a trend towards increasing production of salt in APAC using solar evaporation process.
However, stringent government regulations regarding pollution poses a challenge. Key market players include Cargill Inc., CK Hutchison Holdings Ltd.
, Compass Minerals International Inc., Dev Salt Pvt. Ltd.
, Dominion Salt Ltd., Donald Brown Group, INEOS AG, Irish Salt Mining and Exploration Co. Ltd.
, Israel Chemicals Ltd., KS Aktiengesellschaft, Mitsui and Co. Ltd.
, Nobian, Rio Tinto Ltd., Salins Group, Solvay SA, Sudwestdeutsche Salzwerke AG, Tata Sons Pvt. Ltd.
, Wacker Chemie AG, Wilson Resources Ltd., and ZOUTMAN NV. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Industrial Salt Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 5.
02% Market growth 2024-2028 USD 4056.2 million Market structure Fragmented YoY growth 2022-2023 (%) 4.69 Regional analysis APAC, North America, Europe, South America, and Middle East and Africa Performing market contribution APAC at 48% Key countries China, US, .