Industrial Salt Market Size

Industrial Salt Market size was valued at USD 15.42 billion in 2023 and is set to reach USD 23.22 billion by the end of 2036, registering around 3.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of industrial salt is assessed at USD 15.81 billion.

The growth of the market can be attributed to the robust growth of the application areas of industrial salt such as water treatment, chemicals, food processing and textiles. Rising international trade, increasing production capacities of salt manufacturing units and abundance of rock salt deposits are another factors expected to drive growth to the market over the forecast period. Furthermore, industrial salt is easily available owing to its high consumption and absence of other economic substitutes, which is projected to provide opportunities to market growth in the coming years.