Vacuum salt is in
general favored for applications anywhere salt is utilized for the making
procedure in unfrozen kind otherwise where it blends rapidly with fluids. The
expansion of vacuum salts could be credited for the increase in the making of
the refined food and beverage products, strong requirements from the water
softening industry, increased making of preserved and processed meat products
as well as an increased making of chlor-alkali products. However, the
introduction of the seasonality of de-icing products, salt replacers along with
superior pricing of vacuum salts is demanding the expansion of the global
market for vacuum salt.
The global market
for vacuum salt is anticipated to expand at a 3.4% value CAGR to account for an
evaluation of about US$ 7,300 Million through the end of the projected period,
up from an evaluation of around US$ 5,600 Million in 2017.
Market Segmentation
Based
on the region, the worldwide market includes North America, Latin America,
Europe, Asia Pacific (APAC) and Middle East and Africa (MEA). APAC is the
biggest region with huge growth prospects on account of growing consumption in
households and a rising industrial sector. The region reflects higher market
attractiveness and is expected to account for an estimate of over US$ 3.2
Billion through the end of the assessment year.
On
the basis of the type, the global market includes briquette, fine and granular.
The fine type category is expected to dominate the worldwide market with a high
value and market share; nevertheless, this category is anticipated to expand at
a relatively slow CAGR over the assessment period.
Based
on the end user, the global market consists of industrial and household. The
industrial category is projected to exceed the household category with a
remarkably higher margin on account of higher demand in the chemical sector.
However, the household category is anticipated to expand at a high 4.2% value
CAGR all through the forecast period.
On
the basis of the application, the overall market is categorized as the
flavoring agent, water treatment, water softener, anticaking, de-icing and
others. The de-icing category is projected to account for a significant
estimation through the end of the assessment period. The flavoring agent
category is anticipated to record a relatively high CAGR all through the
forecast period.
Key Market Players
Some of the major
companies functional in the global market includes
iech S.A.
Tata Chemicals
Ltd.
AkzoNobel N.V.
INEOS Group
Limited
Dominion Salt
Limited
AB Hanson &
Mohring
Cerebos Ltd.
Kensalt Ltd.
Cheetham Salt
Limited
ACI Limited
WA Salt Group
Cerebos Ltd.
Infosa
Nirma Limited
Zoutman NV
BGR International
Ltd.
China Salt Jintan
Co., Ltd.
