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Salt sets the dye in fabric and is used to produce glass, polyester, plastics and leather as well as in the chemical industry. Salt assists in cleaning gas and oil wells and is an essential component in the manufacture of paper, tires, brass, bleach and case-hardened steel. Salt is part of the caustic soda and chloralkali processes. Industrial salts are often purchased in bulk and in various levels of purity depending on the application.
The Industrial salts market was valued at USD 12.70 billion in 2016 and is projected to reach USD 14.93 billion by 2022, at a CAGR of 2.8% from 2017 to 2022 Growth of chlor-alkali industry is driving the growth of the Industrial salts market in the chemical processing application. The growing use of Industrial salts for de-icing and water treatment applications are also fueling the growth of the Industrial salts market across the globe. Agriculture and oil & gas among others are the application areas of industrial salts.
Industrial salts are defined as sodium chloride manufactured industrially through extraction from rock salt or sea water. These salts are then further purified and blended with additives according to the requirement of the specific application. Industrial salts find usage in applications such as chemical processing, water treatment, de-icing, agriculture, and oil & gas, among others.
The industrial salts market has been segmented, on the basis of source type, into natural brine and rock salt. The demand for rock salt is expected to grow at the highest CAGR between 2017 and 2022. The growth of this segment of the Industrial salts market can be attributed to the large availability reserves of salt in salt mines. Rock salt is also commonly referred to as mineral "halite." Rock salt generally comprises Sodium chloride with impurities such as gypsum (CaSO4) and sylvite (KCl). Rock salt deposits are found buried underground in arid regions such as dry lake beds, inland marginal seas, enclosed bays, and estuaries. These rock salts are mined either by conventional mining, continuous mining equipment or by solution mining
The Asia-Pacific region accounted for the largest share of the industrial salts market in 2016. It was followed by the European region. Increased demand for Industrial salts from the Asia Pacific region can be attributed to the growth in the chemical processing and water treatment sector. Expansions of the chlor-alkali industry, as well as an increasing number of water treatment plants, are expected to drive the growth of the Asia Pacific Industrial salts market during the forecast period.
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