Market Growth & Trends in Industrial Salts

The global industrial salts market size is expected to reach USD 15.9 billion by 2025. According to a new report by Grand View Research, Inc., Demand is expected to rise due to the increasing use of brine in chemical processing industries to produce chlorine and caustic soda. Market growth is expected to be driven by the rising demand for industrial sodium with increased penetration in various applications industries, including chemical processing and water treatment. The primary consumer of salt in the manufacture of chlorine and caustic soda is the Chlor-alkali industry.

It is expected that the market for industrial salts will grow despite the lack of an economical substitute. There are many chemicals, such as calcium chloride and magnesium acetate, but these can substitute them for salt in specific chemical processes and food flavoring. There are many forms of industrial salts. Many participants, including local and global manufacturers, offer a broad product range distributed in a relationship economy trade orientation. The market is price sensitive because it is a natural resource. It also has low profit margins.

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Industrial Salts Market Report Highlights