Global Salt Market 2018-2022
Inorganic chemicals are basically those which are mainly derived from inanimate earth materials such as minerals, atmosphere, and others. Inorganic chemicals are chemicals made from basic chemical production. they are different than organic chemicals that are simply derived from plant and animal sources. Salt is one of the inorganic chemicals used in various end-user industries such as food and beverage, construction, chemicals, and others. Salt is one of the most important minerals in the world and an integral part of the food we consume. It also has significant usage in food processing and chemical industries. It is a compound of sodium and chlorine that undergoes various production processes including seawater evaporation, brine extraction mining, rock salt mining, and others.
Technavio’s analysts forecast the global salt market to grow at a CAGR of 1.97% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global salt market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of salt.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Salt Market 2018-2022
Technavio recognizes the following companies as the key players in the global salt market: Akzo Nobel, Cargil, Compass Minerals, INEOS, K+S, and Solvay.
Other Prominent Vendors in the market are: China National Salt Industry, CIECH GROUP, Atisale, and LEMAR.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is ban on use of aluminum salt in deodorants. Aluminum salts are active ingredients which are used in the manufacturing of various antiperspirants and deodorants. These products help prevent excessive sweating and body odor. Aluminum salts absorb sweat and block sweat glands. However; these chemicals take away moisture levels of the skin also. A recent study pointed out that breast tissue accumulation in humans was a side-effect of regular usage of deodorants. Most deodorant and antiperspirant products contain a cancer-causing chemical derived from aluminum salts. Switzerland is the first country to ban deodorants that contain aluminum salt. This will trigger cancer to metastasize in other parts of the body. It has been warned that people, especially women, should avoid using products that contained aluminum salts. Many recent studies on the use of antiperspirant or deodorants have shown evidence linking to breast cancer.”
According to the report, one of the major drivers for this market is increasing production of chlor-alkali chemicals. Chlor-alkali refers to scientific procedures utilized for manufacturing caustic soda, chlorine, and other sodium and chlorine-based derivatives or products such as bleaching powder, sodium hypochlorite, chlorinated paraffin, hydrochloric acid, and hydrogen gas. Salt is used in the manufacturing of chlor-alkali products such as soda ash, chlorine, and caustic soda. These chlor-alkali products are ongrAly, used in the production of glass, PVC, detergents, dyes, and soaps. The global chloro-alkali market is projected to grow at a CAGR of 5.4% during the forecast period. Hence, the rising demand for salt from chemical intermediates is anticipated to drive the global salt market.
Akzo Nobel, Cargil, Compass Minerals, INEOS, K+S, Solvay, China National Salt Industry, CIECH GROUP, Atisale, and LEMAR.
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