Salt Mining includes process of extraction of halite commonly known as rock salt from evaporate formations. Salt is a mineral composed primarily of sodium chloride (NaCl) and is present in vast quantities in seawater, where it is the main mineral constituent.
Salt Market Size
The global salt market was valued at $14.4 billion in 2017. Asia Pacific was the largest geographic region accounting for $544.4 billion or 37.7% of the global market. The USA was the largest country accounting for $2.7 billion or 19.0% of the global salt market.
Salt Market Trend
Salt mining companies are utilizing multipurpose mining equipment to extract rock salt from an underground deposit. These equipment enables mining companies to control carbon emissions underground and increase productivity with reduced cost. For instance, Bernburg recently purchased two Sandvik LH621, a 21-tonne loader cum hauler, to increase its production and safety.
The companies covered are China National Salt Industry Corporation (Cnsic), Akzonobel N V, Infos, K+S, and Rio Tinto Plc.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Salt Global Market Segmentation
The salt market is segmented into Rock Salt; Salt In Brine; Solar Salt; and Vacuum Pan Salt.
Rock Salt segment comprises establishments primarily engaged in mining rock salt.
Salt In Brine segment comprises establishments primarily engaged in mining and the recovery of salt from brine wells.
Solar Salt segment comprises establishments primarily engaged in mining of solar salt.
Vacuum Pan Salt segment comprises establishments primarily engaged in mining of vacuum pan salt.