CLEVELAND, Jan. 22, 2019 /PRNewswire/ -- US demand for salt is forecast to rise 2.4% annually in volume terms through 2022, according to Salt: United States, a report recently released by Freedonia Focus Reports. Advances will largely reflect a return to trend in ice control and stabilization applications, as well as growth in the polyvinyl chloride (PVC) production, food processing, and oil drilling sectors.
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Demand for salt in ice control and ground stabilization end uses, the largest market segment, is projected to rise 4.0% per annum through 2022, faster than any other discrete segment. Advances will be driven by an anticipated recovery from a weather-related low base year, which reflected warmer-than-average winters in the 2016-2017 and 2017-2018 seasons.
These and other key insights are featured in Salt: United States. This report forecasts to 2022 US salt (sodium chloride) demand in metric tons of salt content. Total demand is segmented by type in terms of:
- vacuum and open pan
Total demand is also segmented by market as follows:
- ice control/stabilization
- other chemicals
- food processing
- water softening
- other markets such as grocery retail and wholesale, oil drilling, textiles and dyeing, pulp and paper, metal processing, and tanning and leather
To illustrate historical trends, total demand, the various segments, and trade are provided in annual series from 2007 to 2017.
This report analyzes the market for salt (i.e., sodium chloride), including crystallized (i.e., dry) salt and salt contained in a brine solution. For salt in a solution, only the weight of the salt content is considered. This report covers both captive salt produced for use within a company's operations (such as chemical manufacturing) and salt sold on the open market.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Materials & Chemicals reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
SOURCE The Freedonia Group