Industrial Salt Market Share

Regionally, the industrial salt market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific industry is anticipated to account for largest revenue share by 2037, driven by increasing salt production, and rising demand for industrial salt in water treatment and chemical processing activities. especially from developing countries such as China and India. In 2020, China led all other countries in salt production, manufacturing approximately 60,000 metric tons of salt. Along with these, rapid expansion of the chlor-alkali industry is also predicted to drive market growth in this region. In addition to this, Latin America also holds a significant share in the market, which can be credited to the rising need for industrial salt in agricultural sector, presence of a large number of natural salt deposits and high production capacities of salt manufacturing units in the region, namely in Chile and Brazil. Additionally, the market in the Middle East and Africa region is anticipated to grow at the highest rate over the forecast period accounting to the growing use of industrial salt in a diverse variety of applications in the region.