The Salt Global Market Report 2023 by The Business Research Company, provides salt market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Salt Global Market Report 2023, the global salt market size will grow from $39.16 billion in 2022 to $42.48 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of salt is expected to grow from $63.07 billion in 2027 at a CAGR of 10.4%.
The growth in the Salt market is due to the increasing demand for mining in North America. For instance, in 2022, according to International Trade Administration, a US-based government agency, Mining accounted for almost 10% of the total GDP in 2020, being a major contributor to Australia’s economy. Further, according to British Geological Survey, a UK-based government agency, the global production of several minerals such as potash and bauxite increased by more than 5 percent in 2020 compared to the previous year.
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The salt market is segmented:
1) By Type: Rock Salt, Salt In Brine, Solar Salt, and Vacuum Pan Salt
2) By Mining Type: Underground Mining, Surface Mining
Salt companies are utilizing multipurpose mining equipment to extract rock salt from an underground deposit. This equipment enables mining companies to control carbon emissions underground and increase productivity with reduced cost, which is the major trend in the Salt market.
Top Major Players
China National Salt Industry Corporation (Cnsic),
AkzoNobel N V,
Infos,
K+S,
Rio Tinto Plc.
The salt market report table of contents includes:
- Executive Summary
- Report Structure
- Salt Market Characteristics
- Salt Market Product Analysis
- Salt Market Supply Chain
- Salt Market Customer Information
- Salt Market Trends And Strategies
………………
- Recommendations
- Appendix
- Copyright And Disclaimer
List Of Tables:
Table 1: Historic Market Growth, Value ($ Billion)
Table 2: Forecast Market Growth, Value ($ Billion)
Table 3: Global Salt Market, 2022, By Region, Value ($ Billion)
Table 4: Global Salt Market, 2017-2022, 2022-2027F, 2032F, Historic And Forecast, By Region
Table 5: Global Salt Market, Growth And Market Share Comparison, By Region
……..
Table 142: Global General Mineral Mining Market, 2017-2022, 2022-2027F, 2032F, Historic And Forecast, By Region
Table 143: Global General Mineral Mining Market, 2017-2022, 2022-2027F, 2032F, Segmentation By Type, Value ($ Billion)
Table 144: Global Salt Market In 2022-2027- Growth Countries
Table 145: Global Salt Market In 2022-2027- Growth Segments
Table 146: Global Salt Market In 2022-2027- Growth Strategies
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