Global Industrial Protective Footwear market size 2024, Forecast To 2033
4 Mar, 2024
The industrial protective footwear market has experienced strong growth, projected to rise from $7.13 billion in 2023 to$7.71 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. This growth is attributed to occupational safety regulations and increased worker safety awareness, particularly in the face of globalization and rising healthcare costs. Forecasts suggest continued growth, with the market expected to reach $10.42 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. Drivers include material innovations and a focus on sustainability, along with industry-specific demands for customization and personalization. Major trends include smart technology integration and collaborations to meet safety compliance and regulations.
Global Industrial Protective Footwear Market Key Driver
The growing number of water treatment projects is expected to propel the industrial salt market. Water treatment is the process of purifying water for utilization or restoring it to its natural form. Industrial salts are used in water treatment to remove impurities and undesired components, as well as to lower the waste concentration in water supplies used for both household and industrial applications or discharge it back into the environment. Additionally, various government initiatives are implemented to improve water quality, which favors the demand for water treatment projects. For instance, in March 2021, the U.S. Department of Energy (DOE), a US-based federal government that oversees U.S. national energy policy and manages the research and development on power, announced the investment of $27.5 million for 16 water infrastructure projects with modern technologies to reduce energy use in aging water infrastructure, especially in wastewater treatment that demands up to 2% of domestic electricity use each year. Therefore, the growing number of water treatment projects is expected to drive the growth of the industrial salts market. The industrial salt market experienced robust growth in 2023, reaching a value of $XX billion, and this upward trend is projected to continue through 2024 and into 2028.
Get A Free Sample Of The Global Industrial Protective Footwear Market ReportGlobal Industrial Protective Footwear Market Segments
The global industrial salts market covered in this report is segmented –
1) By Source: Rock Salt, Natural Brine
2) By Manufacturing Process: Conventional Mining, Solar Evaporation, Vacuum Evaporation
3) By Application: Agriculture, Chemical Processing, Food Processing, Water Treatment, De-icing, Oil and Gas
By Geography: The regions covered in the industrial protective footwear market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the industrial salts market share in 2023. The regions covered in the industrial salts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Industrial Protective Footwear Industry Players
Cargill Incorporated, Mitsui & Co. Ltd., Nouryon Chemicals Holding B.V, Rio Tinto Group, Compass Minerals International Inc., INEOS Group AG, K+S AG, Wacker Chemie AG, Akzo Nobel N.V., Occidental Petroleum Corporation, Solvay S.A., Dominion Salt Ltd., ICL Group Ltd., Salt Union Ltd., Swiss Saltworks AG, Atisale SpA, Salins Group, Kopalnia Soli Wieliczka SA, Dampier Salt Ltd., Morton Salt Inc., Qinghai Salt Lake Industry Co. Ltd., Henan Huayang Salt Chemical Co. Ltd., Shandong Haihua Group Co. Ltd., Ciech S.A., Tata Chemicals North America Inc., China National Salt Industry Corporation, Tata Chemicals Limited, Salinas Salt Company, San Francisco Salt Company, SaltWorks Inc.
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Industrial Protective Footwear Market Overview
Industrial salt is a finely processed, white crystalline granules from natural sources. It is suitable for various applications, including detergents, textile dyeing, resin products, and other chemical processes.
Industrial Protective Footwear Global Market Report 2023 provides data on the global industrial protective footwear market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The industrial protective footwear market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.