Salt Market by Application, Type, and Geography - Forecast and Analysis 2020-2024

 

The salt market and it is poised to grow by 33.57 million MT during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cargill Inc., Dow Inc., INEOS Group Holdings SA, K+S AG, Nouryon Chemicals Holding BV, Solvay SA, Sudwestdeutsche Salzwerke AG, Tata Chemicals Ltd., Tate & Lyle Plc, and Wacker Chemie AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wide range of industrial applications has been instrumental in driving the growth of the market. However, product recalls in the food industry might hamper market growth.

Salt Market 2020-2024: Segmentation

Salt Market is segmented as below:

• Application
• Chemical Processing
• Road De-icing
• Food Processing
• Other Applications
• Geography
• APAC
• North America
• Europe
• MEA
• South America
• Type
• Rock Salt
• Brine
• Solar Salt
• Others

Salt Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our salt market report covers the following areas:

• Salt Market size
• Salt Market trends
• Salt Market industry analysis

This study identifies the increasing production of salt in APAC by the solar evaporation process as one of the prime reasons driving the salt market growth during the next few years.

Salt Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the salt market, including some of the vendors such as Cargill Inc., Dow Inc., INEOS Group Holdings SA, K+S AG, Nouryon Chemicals Holding BV, Solvay SA, Sudwestdeutsche Salzwerke AG, Tata Chemicals Ltd., Tate & Lyle Plc, and Wacker Chemie AG. Backed with competitive intelligence and benchmarking, our research reports on the Salt Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.