What Are The Forecasted Market Growth and Trends in the Industrial Salts Market?
The industrial salts market size has grown steadily in recent years. It was anticipated to grow from $15.43 billion in 2024 to $16.14 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to chemical industry growth, water treatment applications, snow and ice control, food processing, and metal processing.
The industrial salts market size is expected to witness strong growth in the upcoming years. It will grow to $20.25 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to renewable energy initiatives, environmental regulations, urbanization and construction, health and wellness trends, economic development in emerging markets. Major trends in the forecast period include technological advancements in Acetone-Butanol-Ethanol (ABE) production, expansion of the chemical industry, rising importance in water treatment, advancements in salt production technologies, investments in research and development.
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What Are the Key Drivers in the Industrial Salts Market?
The growing number of water treatment projects is expected to propel the industrial salt market. Water treatment is the process of purifying water for utilization or restoring it to its natural form. Industrial salts are employed in water treatment to remove impurities and undesired components, as well as to lower the waste concentration in water supplies used for both household and industrial applications or discharge it back into the environment.
Government initiatives to improve water quality are adding to the demand for water treatment projects. For instance, in 2023, a report of a Global Water Awards highlighted a significant increase in the use of biogas at wastewater treatment plants, with over 200 MW of additional power generated throughout the year. This surge means that more than 10% of the total energy consumption at these plants is now produced internally. The implementation of ADSWS’s Project Scan sewage network monitoring program made its first significant impact in 2023, contributing to improved efficiency and management within the wastewater sector. Therefore, the growing number of water treatment projects will likely drive the growth of the industrial salts market.
What Are the Major Segments within the Industrial Salts Market?
– By Source: Rock Salt, Natural Brine
– By Manufacturing Process: Conventional Mining, Solar Evaporation, Vacuum Evaporation
– By Application: Agriculture, Chemical Processing, Food Processing, Water Treatment, De-icing, Oil And Gas
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Which Key Companies Are Active in the Industrial Salts Market?
Major companies operating in the industrial salts market include Cargill Incorporated, Mitsui & Co. Ltd., Nouryon Chemicals Holding B.V, Rio Tinto Group, Compass Minerals International Inc., INEOS Group AG, K+S AG, Wacker Chemie AG, Akzo Nobel N.V., Occidental Petroleum Corporation, Solvay S.A., Dominion Salt Ltd., ICL Group Ltd., Salt Union Ltd., Swiss Saltworks AG, Atisale SpA, Salins Group, Kopalnia Soli Wieliczka SA, Dampier Salt Ltd., Morton Salt Inc., Qinghai Salt Lake Industry Co. Ltd., Henan Huayang Salt Chemical Co. Ltd., Shandong Haihua Group Co. Ltd., Ciech S.A., Tata Chemicals North America Inc., China National Salt Industry Corporation, Tata Chemicals Limited, Salinas Salt Company, San Francisco Salt Company, SaltWorks Inc.
What on-trend Innovations Are Shaping the Industrial Salts Market?
Strategic partnership is a major trend in the industrial salt market. Major players in the market are entering into partnerships to leverage each other’s resources and expand to new markets. An example of this is a partnership in May 2022 between Japan-based chemical manufacturer Nippon Shokubai and US-based manufacturer of specialty materials, Arkema. The aim of this partnership is to build a factory to produce ultrapure electrolyte salt or LiFSI (Lithium bis(fluorosulfonyl)imide), an essential part of battery cells for electric mobility.
Which Region Demonstrated the Highest Market Share in the Industrial Salts Market?
Asia-Pacific held the largest share in the industrial salts market in 2024. The regions covered in the industrial salts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Industrial Salts Market Report 2025 Offer?
Industrial salt is a finely processed, white crystalline granule sourced from natural sources. It is suitable for various applications, including detergents, textile dying, resin products, and other chemical processes. The Industrial Salts Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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