NEW YORK, June 7, 2016 /PRNewswire/ --
According to market research "Global Inorganic Salts Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Product Type (Sodium salts, Magnesium salts, Calcium salts, Potassium salts, Ammonium salts, Others) and by Application (Chemical, Fertilizer, Food, Healthcare, Construction, Others)" by P&S Market Research, the global inorganic salts market is expected to grow at a CAGR of 4.4% during 2016 - 2022.
The major factors driving the growth of the global market include increased salt consumption and its application in various chemical manufacturing industries, and the growth of fertilizer and agrochemicals industries. Inorganic salts are utilized in a number of industries. Chemical manufacturing is by far the largest market for inorganic salts. The industry which produces chlor alkali and synthetic soda ash uses salts as their primary feedstock. Salts, such as magnesium oxide are used in pharmaceutical industries as an antacid and also in cement manufacturing industry as epsom salt. Calcium salts, zinc salts, nitrates, ammonium phosphate and others have excellent soil nutrient content enhancing property, which is driving the growth of the fertilizer industry. Zinc oxide is a major ingredient for vulcanization of rubber, and it is used in rubber processing, paints and ceramic industries.
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The research in biotechnology is opening new avenues for inorganic salts. Inorganic salts are used as reagent in modern biotechnological devices, such as High Pressure Liquid Chromatography. Biotechnology is expected to open new areas of opportunity for the market of inorganic salts. Some form of sulphides, such as selenium sulphides are lately being used in cosmetic industry for formulating anti dandruff products.
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Some of the major players operating in the global inorganic salts market include Triveni Chemicals, Hebei Yatai Electrochemistry Co. Ltd., Sanfong Inorganic Chemicals Co. Ltd, Lanxess AG, Otsuka Chemical Co. Ltd., Arkema SA, Thermo Fisher Scientific Inc., Loba Chemie, and others.
GLOBAL INORGANIC SALTS MARKET SEGMENTATION
By Product Type
- Sodium salt
- Magnesium salt
- Calcium salt
- Potassium salt
- Ammonium salt
- North America
- Rest of North America
- Rest Of Europe
- Rest of Asia-Pacific
- Rest of the World (RoW)
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