Growth in the world salt market will total 1.9 annually through 2020 in volume terms. Advances will be driven by an improved outlook for chlor-alkali chemical manufacturing. Rising personal incomes among consumers in developing countries will boost demand for salt in food processing.
This report segments the world salt industry by Market and Product. Data is provided in million metric tons and million dollars.
Major Salt Markets include:
Chemical manufacturing was the leading outlet in 2015. Chemical manufacturing will also see the most rapid gains through 2020, fueled by increasing production of salt-derived chemicals such as chlorine and caustic soda.
Salt Products include:
Solar Evaporated Salt
Vacuum Evaporated Salt
Solar evaporated salt will remain the largest of these through 2020. Fastest growth will be for vacuum evaporated salt, a higher value specialty product.
World regions and countries covered in the study include:
Central & South America
The Africa/Mideast region will see the strongest advances among world regions through 2020. Healthy growth is also expected in China and India, the two largest markets in the Asia/Pacific region.
The global salt industry is highly fragmented, particularly in developing countries, due to relatively few barriers to entry and low production costs. In the developed world, however, more industry concentration is evident. Leading suppliers include Akzo Nobel, Cargill, China National Salt, Compass Minerals, Exportada de Sal, K+S, Mitsui, Rio Tinto (Dampier Salt), Salins, Solvay, and Südsalz.