Industrial salt is made by the chemical substances using sodium chloride or NaCl, also called "Mother of Chemical Industry". It is used to develop plastic, glass and polyester. It is also used in the construction of case-hardened steel, brass, tires, and pepper, etc. and used in cleaning gas & oil wells. It is used to improve the density of soil & mud in oil industry which creates a more efficient & safe drilling rig. It is often spread on roads prior to severe weather, allowing a surface layer of salt-water to provide further protection against ice.
According to study, “World Industrial Salt Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world industrial salt market are Archean Group, GHCL, Ahir Salt, China National Salt Industry Corporation (CNSIC), Sojitz, Yunnan Salt, Naikai Salt Industries Co. Ltd., 9D Group, Compass Minerals International Inc., Chengyuan Salt, Cargill, Inc., Rio Tinto PLC., Lantai Industry, Exportadora De Sal De C.V., Chengkou, Jingshen Salt & Chemical, Dadi Salt, Longwei, CK Life Sciences International Holdings Inc., Ineos Group Holdings S.A, Mitsui & Co. Ltd., Tata Chemicals Ltd., K+S AG, Lubei Chemical, Akzonobel N.V., Infosa, State Enterprise Arytomsol, Wilson Salt Company, Italkali Societa Italiana Sali Alcalini S.P.A, Amra Salt Co., Irish Salt Mining & Exploration Co. Ltd. (I.S.M.E. Co. Ltd.), Donald Brown Group, Wacker Chemie AG, ICL Fertilizers, Dow Chemicals, Atisale S.P.A., Swiss Saltworks AG, Salins Group, Dev Salt Pvt. Ltd., Dominion Salt Ltd.
Based on type, industrial salt market is segmented into rock salt and natural brine. Rock salt is crystallized salt, also known as halite. Based on source type, market is segmented into sea salt, lake salt and well & rock salt. Based on manufacturing process, market is segmented into solar evaporation, conventional mining and vacuum pan evaporation. Based on production methods, market are segmented into seawater solar evaporation, mined rock salt and brine extracted through solution mining. In addition, based on application, market is segmented into road de-icing, agriculture, water conditioning, food & beverage industry, oil & gas, water treatment, skins & hides industry, freezing point depletion, chemical processing and others. Chemical processing includes soda ash manufacturing and caustic soda manufacturing.
The industrial salt market is driven by wide range of industrial applications of industrial salts, followed by cost-effective & abundant availability of salt reserves, rise in availability of salty lakes & longer coastlines in the developing countries, large number of skilled population, rise in technological innovations, ease of availability of the product and growth in demand from food & beverage industries. However, stringent government regulations pertaining to exploration activities and high cost logistical operations & leasing of salt mines may impact the market. Moreover, increase in production of industrial salt using solar evaporation process is a key trend for market.
Based on geography, China and India countries hold major share in industrial salt market owing to rise in demand for the product in chemical industries and growth in industrialization in the countries. The USA and Europe are expected to witness higher growth rate due to increase in product demand in highway deicing & chemical processing over the forecast period.
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Ankur Gupta, Head Marketing & Communications