Product Code: IRTNTR43411
The salt market is forecasted to grow by USD 31.2 bn during 2023-2028, accelerating at a CAGR of 2.19% during the forecast period. The report on the salt market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by wide range of industrial applications of salt, increase in production of chloralkali chemicals, and increased demand for processed foods.
Technavio's salt market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 2.13% |
CAGR | 2.19% |
Incremental Value | $31.2bn |
By Type
- Rock salt
- Brine
- Solar salt
- Vacuum pan salt
By Application
- Chemical processing
- Road de-icing
- Food processing
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the increasing production of salt in APAC by solar evaporation process as one of the prime reasons driving the salt market growth during the next few years. Also, growing popularity of vacuum pan technology for salt production and increasing demand for micronized salt will lead to sizable demand in the market.
The report on the salt market covers the following areas:
- Salt market sizing
- Salt market forecast
- Salt market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading salt market vendors that include Atisale SpA, Besto Salt Co., BRAS DEL PORT S.A, Cargill Inc., Ciech SA, Compass Minerals International Inc., INEOS AG, Kopalnia Soli w Klodawie, KS Aktiengesellschaft, Mitsui and Co. Ltd., Nouryon Chemicals Holding BV, Rio Tinto Ltd., Salinen Austria AG, SAN FRANCISCO SALT CO., Solvay SA, Stone Canyon Industries Holdings Inc., Sudwestdeutsche Salzwerke AG, Tata Chemicals Ltd., Tate and Lyle PLC, and Wacker Chemie AG. Also, the salt market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Salt Market 2018 - 2022
- Historic Market Size - Data Table on Global Salt Market 2018 - 2022 ($ billion)
- 4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- 4.3 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
- 6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 6.3 Rock salt - Market size and forecast 2023-2028
- Chart on Rock salt - Market size and forecast 2023-2028 ($ billion)
- Data Table on Rock salt - Market size and forecast 2023-2028 ($ billion)
- Chart on Rock salt - Year-over-year growth 2023-2028 (%)
- Data Table on Rock salt - Year-over-year growth 2023-2028 (%)
- 6.4 Brine - Market size and forecast 2023-2028
- Chart on Brine - Market size and forecast 2023-2028 ($ billion)
- Data Table on Brine - Market size and forecast 2023-2028 ($ billion)
- Chart on Brine - Year-over-year growth 2023-2028 (%)
- Data Table on Brine - Year-over-year growth 2023-2028 (%)
- 6.5 Solar salt - Market size and forecast 2023-2028
- Chart on Solar salt - Market size and forecast 2023-2028 ($ billion)
- Data Table on Solar salt - Market size and forecast 2023-2028 ($ billion)
- Chart on Solar salt - Year-over-year growth 2023-2028 (%)
- Data Table on Solar salt - Year-over-year growth 2023-2028 (%)
- 6.6 Vacuum pan salt - Market size and forecast 2023-2028
- Chart on Vacuum pan salt - Market size and forecast 2023-2028 ($ billion)
- Data Table on Vacuum pan salt - Market size and forecast 2023-2028 ($ billion)
- Chart on Vacuum pan salt - Year-over-year growth 2023-2028 (%)
- Data Table on Vacuum pan salt - Year-over-year growth 2023-2028 (%)
- 6.7 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by Application
- 7.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
- 7.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 7.3 Chemical processing - Market size and forecast 2023-2028
- Chart on Chemical processing - Market size and forecast 2023-2028 ($ billion)
- Data Table on Chemical processing - Market size and forecast 2023-2028 ($ billion)
- Chart on Chemical processing - Year-over-year growth 2023-2028 (%)
- Data Table on Chemical processing - Year-over-year growth 2023-2028 (%)
- 7.4 Road de-icing - Market size and forecast 2023-2028
- Chart on Road de-icing - Market size and forecast 2023-2028 ($ billion)
- Data Table on Road de-icing - Market size and forecast 2023-2028 ($ billion)
- Chart on Road de-icing - Year-over-year growth 2023-2028 (%)
- Data Table on Road de-icing - Year-over-year growth 2023-2028 (%)
- 7.5 Food processing - Market size and forecast 2023-2028
- Chart on Food processing - Market size and forecast 2023-2028 ($ billion)
- Data Table on Food processing - Market size and forecast 2023-2028 ($ billion)
- Chart on Food processing - Year-over-year growth 2023-2028 (%)
- Data Table on Food processing - Year-over-year growth 2023-2028 (%)
- 7.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.7 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ billion)
- Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.11 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.12 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Atisale SpA
- Atisale SpA - Overview
- Atisale SpA - Product / Service
- Atisale SpA - Key offerings
- 12.4 BRAS DEL PORT S.A
- BRAS DEL PORT S.A - Overview
- BRAS DEL PORT S.A - Product / Service
- BRAS DEL PORT S.A - Key offerings
- 12.5 Cargill Inc.
- Cargill Inc. - Overview
- Cargill Inc. - Product / Service
- Cargill Inc. - Key news
- Cargill Inc. - Key offerings
- 12.6 Ciech SA
- Ciech SA - Overview
- Ciech SA - Product / Service
- Ciech SA - Key offerings
- 12.7 Compass Minerals International Inc.
- Compass Minerals International Inc. - Overview
- Compass Minerals International Inc. - Business segments
- Compass Minerals International Inc. - Key offerings
- Compass Minerals International Inc. - Segment focus
- 12.8 INEOS AG
- INEOS AG - Overview
- INEOS AG - Product / Service
- INEOS AG - Key news
- INEOS AG - Key offerings
- 12.9 KS Aktiengesellschaft
- KS Aktiengesellschaft - Overview
- KS Aktiengesellschaft - Product / Service
- KS Aktiengesellschaft - Key offerings
- 12.10 Nouryon Chemicals Holding BV
- Nouryon Chemicals Holding BV - Overview
- Nouryon Chemicals Holding BV - Business segments
- Nouryon Chemicals Holding BV - Key offerings
- Nouryon Chemicals Holding BV - Segment focus
- 12.11 SAN FRANCISCO SALT CO.
- SAN FRANCISCO SALT CO. - Overview
- SAN FRANCISCO SALT CO. - Product / Service
- SAN FRANCISCO SALT CO. - Key offerings
- 12.12 Solvay SA
- Solvay SA - Overview
- Solvay SA - Business segments
- Solvay SA - Key news
- Solvay SA - Key offerings
- Solvay SA - Segment focus
- 12.13 Stone Canyon Industries Holdings Inc.
- Stone Canyon Industries Holdings Inc. - Overview
- Stone Canyon Industries Holdings Inc. - Product / Service
- Stone Canyon Industries Holdings Inc. - Key offerings
- 12.14 Sudwestdeutsche Salzwerke AG
- Sudwestdeutsche Salzwerke AG - Overview
- Sudwestdeutsche Salzwerke AG - Business segments
- Sudwestdeutsche Salzwerke AG - Key offerings
- Sudwestdeutsche Salzwerke AG - Segment focus
- 12.15 Tata Chemicals Ltd.
- Tata Chemicals Ltd. - Overview
- Tata Chemicals Ltd. - Business segments
- Tata Chemicals Ltd. - Key offerings
- Tata Chemicals Ltd. - Segment focus
- 12.16 Tate and Lyle PLC
- Tate and Lyle PLC - Overview
- Tate and Lyle PLC - Business segments
- Tate and Lyle PLC - Key news
- Tate and Lyle PLC - Key offerings
- Tate and Lyle PLC - Segment focus
- 12.17 Wacker Chemie AG
- Wacker Chemie AG - Overview
- Wacker Chemie AG - Business segments
- Wacker Chemie AG - Key offerings
- Wacker Chemie AG - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations