Industrial Salts Market: Growing usage in detergent & soap processing

 Increasing usage of industrial salts in chemical processing and major proliferation and usage in various industry verticals such as water and wastewater treatment, de-icing, and others.

Industrial Salts Market Size – USD 15.73 Billion in 2019, Growth - CAGR of 5.4%, Trends – Growing usage in detergent & soap processing

The global Industrial Salts Market is projected to reach a value of USD 24.14 Billion in 2027. Growing usage of industrial salts as a building block in the chemicals industry, major uplift in demand for industrial salts in detergent and soap and agro-chemical manufacturing, and rapidly increasing in deployment of wastewater and water treatment solutions in industrial & municipal sewage services are major factors driving market growth.

Rise in domestic production of dyes and chemical pigments is also supporting growth of the market. Also, rising consumption of pesticides, pharmaceutical drugs, and cosmetics in Asia Pacific and considerable rise in production base in countries such as China, Japan, and India is driving demand for industrial salts to a significant extent.

In addition, growing number of pharmaceutical industries and usage of industrial salts in the manufacture of drugs in APAC countries such as India, China, and Japan, and increasing growth in consumption of pesticides in the region is expected to contribute significantly to global market revenue and growth.

Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/3733

Top Leading Players: Compass Minerals America Inc., K+S AG, China National salt Industry Co., Cargill, Inc., Mitsui & Co. Ltd., Tata Chemicals Ltd., Exportadora de Sal de C.V., Dominion Salt Ltd., Rio Tinto Group, and Morton Salt, among others.

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