LONDON, September 15, 2016 /PRNewswire/ --
Roskill will soon release its new salt market report with forecasts to 2025. It is essential reading for anyone needing a comprehensive overview of this evolving industry.
Salt: Global Industry, Markets & Outlook, 15th Edition, 2016 will be available from Roskill Information Services Ltd, 54 Russell Road, London SW19 1QL UK. Click here to download the brochure.
Shipping rates have already had an impact on salt trade, it's no longer a regional business
Asian chemical producers will continue increasing their demand for high-purity salt to 2025 and the largest salt producers are positioning themselves to supply this demand, taking advantage of historically low rates to ship salt across the world.
Roskill has reviewed the production plans of more than 300 salt production assets worldwide during the research for its 2016 report. Germany's K+S has retained its position as the largest salt producer in the world, fending off a hostile takeover bid and announcing two major salt expansion projects during 2015/16.
The world market for salt, which is used to produce chlorine, caustic soda and a wide range of other important chemicals, is forecast to grow fastest in Asia. By 2020, Asia is expected to account for 50% of global trade in salt, from approximately 45% when Roskill published its last edition of this report, in 2014. China's chemical plants have been a key driver of this growth.
Chloralkali production is the largest end-use for salt. Chlorine is the raw material for the production of numerous organic chlorine compounds, the most important of which in terms of volume is ethylene dichloride, a chemical precursor to the 45Mtpy commodity polymer, PVC. Caustic soda also has a very wide range of end-uses including alumina manufacture, pulp and paper production, and chemical processing. Synthetic soda ash production is the next largest end-use for salt, and this in turn is mainly consumed in glass applications.
Another major market for salt and a reason for it to cross the ocean is road de-icing. The USA has remained by far the largest destination for salt shipments in 2016. Chile remained the main supplier to the USA in H1 2016, supplying an estimated 2.3Mt.
Indian exports of salt increased by an estimated 10% and more than 1.9Mt of Indian salt was shipped to China in H1 2016, representing an increase of 30% y-o-y. India has become an increasingly important source of salt for China. Between 2010 and 2015, Indian salt exports to China increased at an average annual rate of 42%py.
Roskill's Salt 2017 conference explores the opportunities in a new era for the salt industry
21-22 March 2017, Cologne, Germany
EARLY BIRD DISCOUNT EXPIRES NEXT WEEK
REGISTER NOW TO ATTEND SESSSIONS ON:
- Salt market trends
- Cutting-edge research in salt production techniques
- Chlor-alkali technology
- Soda ash technology
- Shipping and other transport and storage logistics
- De-icing supply and demand
Confirmed speakers include:
- Manager - Project Execution Solar Salts at Cristal Global
- Head of Salt Section - Ministry of Marine and Fisheries, Government of Indonesia
- Principal Analyst - Inorganics Group at IHS Markit
- Salt Analyst Team - Roskill
- President - Salt Partners Ltd
- Project Manager - Shihlien Chemical Jiangsu Company
Click here to view our FAQs
The event will offer participants from the salt industry many opportunities for networking and business. If your business is salt, you should take advantage of this opportunity to network with our targeted audience.
Who should attend?
- Salt producers and processors
- Equipment and machinery suppliers
- Plant managers
- Chemical resources managers
- Public works professionals
Sponsorship opportunities are also available, click here to enquire.
For further information, contact Richard Pell – Richard@roskill.com
SOURCE Roskill Information Services