Industrial Salts Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022
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Date Submitted: 09/06/2016 04:05 AM
Industrial Salt Market for Chemical Processing, Road De-icing, Water Softening, Agriculture and Other Applications is Expected to Reach Over US$ 13.0 Bn by 2022
According to a new market report published by Credence Research “Industrial Salts Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2021,” the industrial salts market is expected to reach over US$ 13.0 Bn by 2022, expanding at a CAGR of more than 1.4% from 2016 to 2022.
Browse the full Industrial Salt Market for Chemical Processing, Road De-icing, Water Softening, Agriculture and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2022 report at http://www.credenceresearch.com/report/industrial-salts-market
Market Insights:
Salt is known to be one among the vital minerals present on earth and makes an important part of the food. It is a compound of sodium and chlorine which is produced globally by different production processes that include sea water evaporation, rock salt mining and brine extraction. Apart from its various household and industrial uses, industrial salt is widely used as a deicing agent for proper maintenance of roads and prevent accidents. North America and Europe are the major consumers of industrial salt as a deicing agent in winters.
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Increase in chloralkali production across the globe is one among the major factors driving the growth of global industrial salt market worldwide. In addition, high demand from the paper and construction industry in Asia Pacific is also expected to boost market demand for industrial salts in the region. Chemical industry is the major consumer of industrial salts as it is expected to boost demand due to increase in consumption of chlorine in ethylene dichloride production. Hence, industrial salt is expected to gain high demand during the forecast period from 2015 to 2022....
