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The global industrial salts market was valued at US$ 14.5 Billion in 2021.
We expect the global industrial salts market to exhibit a CAGR of 3% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of industrial salts as a hygiene and disinfection product across the residential, commercial, and industrial sector to mitigate the spread of the coronavirus infection.
The rising demand for industrial salt over natural salt across the paper and pulp industry for washing, bleaching, neutralization, and pulping wastepaper is primarily driving the global industrial salts market.
Based on the product, the global industrial salts market has been segregated into rock salt, salt in brine, solar salt, and vacuum pan salt. Currently, solar salt holds the largest market share.
Based on the application, the global industrial salts market can be bifurcated into chemical processing, de-icing, oil and gas, water treatment, agriculture, and others. Among these, chemical processing exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global industrial salts market include Akzo Nobel N.V, Cargill Inc., Compass Minerals International Inc, Dominion Salt Limited, Donald Brown Group, INEOS Group Ltd, K+S AG, Mitsui & Co. Ltd., Nouryon Chemicals B.V., Rio Tinto PLC, and Tata Chemicals Limited.
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