LONDON--(BUSINESS WIRE)--The industrial salt market is expected to grow by 23.48 million MT during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the industrial salt market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19
The industrial salt market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Industrial Salt Market Participants:
Cargill Inc.
Cargill Inc. operates its business through segments such as Agriculture, Animal nutrition, Beauty, Bioindustrial, Food & beverage, Pharmaceutical, Industrial, Meat & poultry, and Others. The company offers a wide range of industrial salts such as General Industrial Salts, Diamond Crystal Packaged Ice Melt, among various others.
CK Life Sciences Intl (Holdings) Inc.
CK Life Sciences Intl (Holdings) Inc. operates its business through segments such as Agriculture related Business and Health. The company offers industrial salt through its subsidiary Dominion Salt Ltd. Pacific Industrial salt is one of the popular product offerings of the company.
Compass Minerals International Inc.
Compass Minerals International Inc. operates its business through segments such as Salt, Plant Nutrition North America, and Plant Nutrition South America. The company offers Industrial Purity salt for various types of industrial applications.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/industrial-salt-market-industry-analysis
Industrial Salt Market 2020-2024: Segmentation
Industrial salt market is segmented as below:
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Application
- Chemical Processing
- Deicing
- Water Treatment
- Others
-
Geography
- APAC
- Europe
- MEA
- North America
- South America
The industrial salt market is driven by wide range of industrial applications. In addition, other factors such as the increase in production of chloralkali chemicals are expected to trigger the industrial salt market toward witnessing a CAGR of over almost 2% during the forecast period.
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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