Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Industrial Salts Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Industrial Salts Industry in 2024 and 2025?
The market size of industrial salts has expanded consistently over recent years. It is projected to increase from $15.43 billion in 2024 to $15.91 billion in 2025, with a compound annual growth rate (CAGR) of 3.1%. The historical growth trend of the industrial salts market is an upward trajectory.
What Is the Projected Market Size of the Industrial Salts Market in 2029?
The Industrial Salts market is projected to reach a value of $19.68 billion in 2029, with a compound annual growth rate (CAGR) of 5.5%.
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What Are the Key Drivers of Industrial Salts Market Growth?
The key Drivers in the industrial salts market are:
• Rising number of water treatment projects globally
• Use of industrial salts in water treatment for purification and waste reduction
• Various government initiatives aimed at improving water quality
• Increasing generation and usage of biogas at wastewater treatment plants
What Are the Primary Segmentation Categories in the Industrial Salts Market?
The industrial saltsmarket 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
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What Are the Major Trends Shaping the Industrial Salts Market in 2025 and Beyond?
The key trends in the industrial salts market are:
• Strategic partnerships among major industry players is a key trend in the industrial salt market.
• Companies are leveraging partnerships to utilize each other's resources and expand into new markets.
• The production of ultrapure electrolyte salt, crucial for battery cells, is becoming a significant focus area.
• Manufacturers are also emphasizing on electric mobility through strategic alliances.
Who Are the Emerging Players in the Industrial Salts Market?
The key players in the industrial salts market are:
• 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.
Which Regions Are Leading the Growth in the Global Industrial Salts Market?
Asia-Pacific was the largest region in the industrial salts market share in 2024
