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

  • Published: Oct 2020
  • Pages: 120
  • SKU: IRTNTR43411

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The salt market size is expected to grow by 33.57 million MT and record a CAGR of 1.99% during 2020-2024.

This post-pandemic salt market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this salt market analysis report, key drivers such as wide range of industrial applications have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges that will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Salt Market Size be in 2020?

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Who are the Key Vendors in the Salt Market?

The salt market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • 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
  • Wacker Chemie AG

 

The salt market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This salt market report further entails segmentations by application (chemical processing, road de-icing, food processing, and other applications), type (rock salt, brine, solar salt, and others), and geography (APAC, North America, Europe, MEA, and South America). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

Which are the Key Regional Markets for Salt Market?

Salt-Market-Market-Share-by-Region-2019-2024

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The report offers an up-to-date analysis of the geographical composition of the market. APAC will record a fast growth rate during 2020-2024, owing to which the region should offer several growth opportunities to market vendors. The increasing production of salt in APAC by solar evaporation process will significantly influence salt market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

51% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for salt in the region. This report provides estimations of the contribution of all regions to the growth of the salt market size.

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What are the Key Factors Covered in this Salt Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive salt market growth during the next five years
  • Precise estimation of the salt market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the salt industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of salt market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The salt market growth will increase by $33.57 million MT during 2019-2024.
The salt market is expected to grow at a CAGR of 1.99% during 2019-2024.
Technavio has segmented the salt market by application by volume (Chemical processing, Road de-icing, Food processing, and Others) and geographic (APAC, North America, Europe, MEA, and South America).
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, Wacker Chemie AG are a few of the key vendors in the salt market.
APAC will register the highest growth rate of 51.36% among the other regions. Therefore, the salt market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • India
  • Japan
  • Canada
The key factors driving the salt market growth are:
  • Wide range of industrial applications
  • Increasing production of salt in APAC by solar evaporation process
The salt market vendors should focus on grabbing business opportunities from the chemical processing segment as it accounted for the largest market share in the base year.
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