The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.

The report offers actionable and valuable market insights of Grade-I Industrial Salt. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Grade-I Industrial Salt Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Grade-I Industrial Salt market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Grade-I Industrial Salt

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the industrial salt market across the globe.

This newly published and insightful report sheds light on Market Insights of Grade-I Industrial Salt, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Grade-I Industrial Salt Market.

A comprehensive estimate on the industrial salt market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of industrial salt during the forecast period. Price point comparison by region with global average price is also considered in the study.

Industrial Salt Market: Analysis on Market Size Evaluation

The Global industrial salt market has been analyzed for each market segment in terms of volume (kilo tons) and value (US$ Bn).

Market estimates at global and regional levels for industrial salt are available in terms of “US$ Bn” for value and in “kilo tons” for volume. A Y-o-Y growth contrast on prominent industrial salt market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global Industrial salt market.

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Industrial Salt Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the Global industrial salt market report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of industrial salt market during the forecast period.

Country-specific valuation on demand for industrial salt has been offered for each regional market, along with market scope estimate sand forecasts, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

Industrial Salt Market: In-Depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of industrial salt, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of industrial salt has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the industrial salt market. Prominent companies operating in the global industrial salt market include AkzoNobel N.V, K+S AG, Sojitz, Mitsui Chemicals, Cargill, Arytomsol, Ciech S.A, Tata Chemicals, Swiss Salt Works AG, CK Life Sciences International, Compass Minerals International Inc, Infosa, and others.

Industrial salt is one of the key elements used for oil & gas drilling applications and to maintain the density of the crude oil produced. Growing demand from this sector has significantly assisted the revenue growth of manufacturers channelling industrial salt during the historical period. However, with the ongoing COVID-19 crisis, demand has declined, and a majority of manufacturers have shut down their operations across the world. Decline in oil prices too have had an adverse effect on industrial salt prices across regions. Nevertheless, market growth is set to resurrect post 3rd quarter of FY 2020.

The industrial salt market is estimated to be valued at US$ 19.5 Bn in 2030, creating an absolute dollar opportunity of US$ 6.3 Bn during the forecast period (2020-2030). The market is anticipated to progress at a decent CAGR of around 4% over the assessed forecast period.

Industrial Salt Market Segmentation

Fact.MR has studied the industrial salt market with a detailed segmentation on the basis of grade, source, production process, application, and region.

Grade

Grade-I
Grade-II
Others

Source

Rock Salt
Natural Brine

Production Process

Conventional Mining
Solar Evaporation
Vacuum Evaporation

Application

Chemical Processing
Caustic Soda
Soda Ash
Power Industry
Oil & Gas Industry
Water Treatment Industry
De-Icing
Others

Region

North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Asia

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Key Takeaways from Industrial Salt Market Report

The global industrial salt market is anticipated to witness decent growth over the period of forecast, and create a value opportunity of around US$ 6.3 Bn during the forecast period, adding 1.5X value as compared to 2020.
Oil & gas applications are set to dominate market revenue in 2020, and are expected to gain 20 BPS in their market share by 2030 over 2020.
The deicing segment is anticipated to lose around 67 BPS over the forecast period of 2020-2030.
East Asia holds a leading share in the global industrial salt market, of which, China has captured a lion’s share of the demand.
The COVID-19 pandemic has adversely affected all regions and industries. With the oil & gas sector – an important end user of industrial gas – being badly affected, growth of the market will be sluggish in 2020.

“Key market stakeholders with economies of scale are set to gain impressive profits over the coming years,” says a Fact.MR analyst.

Key Market Players to Dominate Industrial salt Market

The industrial salt market is highly consolidated in nature, with key players such as AkzoNobel N.V, Mitsui, K+S AG, Cargill, and Sojitz leading the market space. High competition in the industrial salt market is set to hurt the stance of players operating in the landscape with lower margins, over the coming years.

Key Question answered in the survey of Grade-I Industrial Salt market report:

Sales and Demand of Grade-I Industrial Salt
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Market Survey of Grade-I Industrial Salt

More Valuable Insights on Keyword Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Grade-I Industrial Salt, Sales and Demand of Grade-I Industrial Salt, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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