LONDON--(BUSINESS WIRE)--Technavio has been monitoring the salt market and it is poised to grow by 33.57 million MT during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cargill Inc., Dow Inc., INEOS Group Holdings SA, K+S AG, Nouryon Chemicals Holding BV, Solvay SA, Sudwestdeutsche Salzwerke AG, Tata Chemicals Ltd., Tate & Lyle Plc, and Wacker Chemie AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The wide range of industrial applications has been instrumental in driving the growth of the market. However, product recalls in the food industry might hamper market growth.
Salt Market 2020-2024: Segmentation
Salt Market is segmented as below:
-
Application
- Chemical Processing
- Road De-icing
- Food Processing
- Other Applications
-
Geography
- APAC
- North America
- Europe
- MEA
- South America
-
Type
- Rock Salt
- Brine
- Solar Salt
- Others
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Salt Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our salt market report covers the following areas:
- Salt Market size
- Salt Market trends
- Salt Market industry analysis
This study identifies the increasing production of salt in APAC by the solar evaporation process as one of the prime reasons driving the salt market growth during the next few years.
Salt Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the salt market, including some of the vendors such as Cargill Inc., Dow Inc., INEOS Group Holdings SA, K+S AG, Nouryon Chemicals Holding BV, Solvay SA, Sudwestdeutsche Salzwerke AG, Tata Chemicals Ltd., Tate & Lyle Plc, and Wacker Chemie AG. Backed with competitive intelligence and benchmarking, our research reports on the Salt Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Salt Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist salt market growth during the next five years
- Estimation of the salt market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the salt market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of salt market vendors
Table Of Contents :
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five force summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Derivative Application
- Chemical Processing - Market size and forecast 2019-2024
- Road de-icing - Market size and forecast 2019-2024
- Food Processing - Market size and forecast 2019-2024
- Other applications - Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Type
- Market segments
- Comparison by Type
- Rock salt - Market size and forecast 2019-2024
- Brine - Market size and forecast 2019-2024
- Solar Salt - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Cargill Inc.
- Dow Inc.
- INEOS Group Holdings SA
- K+S AG
- Nouryon Chemicals Holding BV
- Solvay SA
- Sudwestdeutsche Salzwerke AG
- Tata Chemicals Ltd.
- Tate & Lyle Plc
- Wacker Chemie AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
