Thursday 23 November 2017, Amsterdam

The global industrial salts market is expected to reach USD 15.9 billion by 2025, according to a new report by Grand View Research, Inc. The growing application of brine in chemical processing industry for deriving chlorine and caustic soda is expected to drive demand.

The rising demand for industrial salts with increasing penetration in wide range of application industries including chemical processing, water treatment, and agriculture is expected to drive market growth over the forecast period. Chlor-alkali sector in a chemical industry is a major consumer of salt for manufacturing of caustic soda and chlorine.

The unavailability of economic substitute is expected to have a positive impact on the market growth. However, chemicals such as calcium chloride, calcium magnesium acetate, hydrochloric acid, potassium chloride are potential substitutes for salt in de-icing, certain chemical processes, and in food flavoring available at high cost.

Industrial salts are available in different forms and large number of participants including global and local manufacturers offer broad product portfolio which are distributed under relationship economy trade orientation. As it is a natural resource, the market is highly price sensitive and operates on low profit margins.