Inorganic Salts Market by Type (Magnesium Salts, Calcium Salts, Potassium Salts), Application (Agriculture, Pharmaceuticals), and Region (Asia Pacific, Europe, North America, Middle East, and Africa, Latin America), Inorganic Salts Market size and forecast period-2022 – 2030

Report ID - MRC_930 | Pages - 321 | Category - Healthcare and Pharma

Inorganic Salts Market Insights:

Inorganic Salts Market was valued at USD 172.5 Billion in 2021, registering a CAGR of 7.3% during the forecast period (2022-2030), and the market is projected to be worth USD 325.2 Billion by 2030. The growing population and continuously rising need for agrochemicals for the augmented agriculture industry are expected to boost the growth of the global inorganic salt market due to the high usage of inorganic salts in the production of agrochemicals. Inorganic salts like calcium salts, nitrates, zinc salts, ammonium phosphate, and others help in improving the soil nutrient content. Thus, the wide availability of agrochemicals is also anticipated to witness significant growth during the forecast period.

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Furthermore, the pharmaceutical industry is also expected to witness significant growth during the forecast period. The factors such as the increased application of inorganic salt as an antacid and the treatment of iron deficiency are expected to boost the growth of the pharmaceutical industry. Thus, the increased awareness among the population in terms of health-associated concerns is also expected to boost the growth of the inorganic salts market. In the context of the region, North America is anticipated to contribute a larger market share during the forecast period. The factors such as rising demand for inorganic salts in major leading industries such as pharmaceutical, paper and paint, ceramic, rubber, and others combined with the rising expenditures on the development of alternative inorganic salts are estimated to accelerate the growth of the inorganic salts market in North American region.

Inorganic Salts Market Dynamics:

Inorganic salt is included under the broad category of multiple salts which comprise oxides, halides, acetates, carbonates, sulfates, hypochlorites, nitrates, silicates, and phosphates, each with different functional, physical, and chemical properties. However, all metal-containing compounds, even the ones found in living systems, are also referred to as inorganic salts whereas salts that do not contain carbon atoms such as sodium chloride (NaCl), aluminum sulfate (Al2SO4), potassium chloride (KCl), barium chloride (BaCl2) and others are defined as perfect inorganic salts.

Driver:

The growing production of inorganic salts such as ammonium phosphate, calcium salts, zinc salts, nitrates, and others in the agrochemicals and fertilizers industry for the enhancement of the soil nutrient content is the primary factor boosting the growth of the inorganic salts market. Additionally, the high demand for zinc oxide in the rubber industry for vulcanization procedures and the wide application of magnesium oxide as Epsom salts in cement production and as an antacid in the pharmaceutical industry also fuel the inorganic salts market growth during the forecast period.

Restraint:

The toxicity of specific salts such as barium chloride, mercury chloride, and lead salts due to their poisonous and fatal nature hampers the inorganic salts market growth during the forecast period. Additionally, the health risks such as brain and gastrointestinal tract damage associated with improper management of such lethal inorganic salts are also expected to restrict the growth of the inorganic salts market.

COVID-19 Analysis of the Inorganic Salts Market:

The inorganic salts market has been significantly impacted due to the COVID-19 pandemic in many different parts of the world. The factors such as transportation restrictions, uncertain consumer demand, limited availability of raw materials, and economic slowdown are the major impacts of COVID-19 which hampered the growth of the inorganic salts market. Shipments were impacted during the initial lockdown due to trade uncertainty and the closure of a manufacturing facility. However, the circumstances have stabilized and as a result, it is determined that COVID-19’s overall impact on the inorganic salts market is moderate. Post covid-19, there was a positive impact on the inorganic salts market due to the increased manufacturing processes in industries.

Inorganic Salts Report Coverage:

Report AttributesReport Details
Study Timeline2016-2030
Market Size in 2030 (USD Billion)325.2 Billion
CAGR (2022-2030)7.3%
By TypeSodium Salts, Magnesium Salts, Calcium Salts, Potassium Salts, Ammonium Salts, and Others
By ApplicationPharmaceuticals, Food, Agriculture, Chemicals, and Others
By GeographyNorth America– (U.S., Canada, Mexico)

Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)

Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)

Latin America- (Brazil, Argentina, Chile, Rest of Latin America)

Middle East and Africa- (GCC, Turkey, Israel, and the Rest of MEA)

Key PlayersTata Chemicals, Redmond Clay & Salt Company, Otsuka Chemical, Eastman Chemical Company, Arkema, United Salt Corporation, Solvay, GFS Chemicals, Behn Meyer, Hunter Chemical

Inorganic Salts Market Segment Analysis:

By Type

The type segment is separated into magnesium salts, sodium salts, calcium salts, ammonium salts, potassium salts, and others. The sodium salts segment is estimated to contribute the largest share in terms of value in 2021. The factors such as high consumption as food flavoring agents, rising demand for stabilizers and binders, and increased health benefits like balancing the water content in the human body are projected to support the growth of the sodium salts segment during the forecast period. Furthermore, the magnesium salts segment is also projected to contribute a larger share to the growth of the inorganic salts market due to the factors such as increased aid in nerve and muscle functions, naturally boosting energy levels, and promoting improved heart health.

inorganic salts market by type

By Application

The application segment is divided into agriculture, pharmaceuticals, chemicals, food, and others. The chemicals segment is anticipated to contribute the largest share to the growth of the inorganic salts market. The factors such as increased production of inorganic salts in the chemical industry, enhancing the prevention and cure of diseases, and rising agricultural yields due to the usage of agrochemicals and fertilizers are expected to support the growth of the chemicals segment during the projected period. Furthermore, the food segment is also estimated to witness significant growth during the projected period owing to the increased demand for food additives such as butylated hydroxytoluene, natural chelating agents, and others, extending the shelf life of food products, and the rising use of flavoring agents such as vanillin and isopentyl acetate, especially in ice cream and baked products. Thus the above-mentioned segments are projected to support the growth of the inorganic salts market during the forecast period.

inorganic salts market by application

By Region

The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, Asia Pacific is estimated to contribute the largest share in terms of volume and value. The factors such as increasing applications of inorganic salts in emerging industries such as rubber, agrochemical, pharmaceuticals, and others, favorable consumer, and innovation in the production of inorganic salts from natural sources are anticipated to boost the growth of the inorganic salts market in the Asia Pacific region.

Europe is also expected to register witness substantial growth during the forecast period. The factors such as the rising demand improving the efficacy of manufacturing processes owing to the usage of environmentally friendly solvents such as potassium bicarbonate and the large presence of key market players are estimated to fuel the inorganic salts market growth in the European region.

Inorganic Salts Market Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-

  • Tata Chemicals
  • Redmond Clay & Salt Company
  • Otsuka Chemical
  • Eastman Chemical Company
  • Arkema
  • United Salt Corporation
  • Solvay
  • GFS Chemicals
  • Behn Meyer
  • Hunter Chemical

FAQ

How much is the Inorganic Salts Market worth?

The Inorganic Salts Market is worth USD 325.2 Billion by 2030.

Who are the important players operating in this industry?

Tata Chemicals, Redmond Clay & Salt Company, Otsuka Chemical, Eastman Chemical Company, Arkema, United Salt Corporation are the major players operating in this industry.

Which region provide the largest share of the market growth?

Asia Pacific is estimated to contributed the largest share of the market growth.

What is the leading market-driving factor?

The growing production of inorganic salts such as ammonium phosphate, calcium salts, zinc salts, nitrates, and others in the agrochemicals and fertilizers industry.

Which is the major type segment in this market?

Sodium Salts segment are expect to contribute the largest share to the type segment.

Table of Content

  1. Introduction
    • Market Introduction
    • Market Research Methodology
      • Research Process
      • Primary Research
      • Secondary Research
      • Data Collection Technique
      • Data Sources
    • Market Estimation Methodology
      • Limitations of the Study
    • Product Picture of Inorganic Salts
    • Global Inorganic Salts Market: Classification
    • Geographic Scope
    • Years Considered for the Study
    • Research Methodology in brief
    • Parent Market Overview
    • Overall Inorganic Salts Market Regional Demand
    • Research Programs/Design
    • Market Breakdown and Data Triangulation Approach
    • Data Source
    • Secondary Sources
    • Primary Sources
    • Primary Interviews
    • Average primary breakdown ratio
  2. Market Dynamics
    • Drivers
      • Drivers
    • Restraints
      • Restraints
    • Opportunity
      • Impact forces on market dynamics
      • Impact forces during the forecast years
    • Industry Value Chain
      • Upstream analysis
      • Downstream analysis
      • Distribution Channel
      • Direct Channel
      • Indirect Channel
    • Potential Customers
    • Manufacturing/Operational Cost Analysis
    • Pricing Analysis by Region
    • Key Technology Landscape
    • Regulatory Analysis
    • Porter’s Analysis
      • Supplier Power
      • Buyer Power
      • Substitution Threat
      • Threat from New Entry
      • Competitive Rivalry
    • PESTEL Analysis
    • Political Factors
    • Economic Factor
    • Social Factors
    • Technological Factor
    • Environmental Factors
    • Legal Factor
    • Covid-19 impact on Global Economy
    • Covid-19 impact on Inorganic Salts demand
    • Post-Covid Impact on Inorganic Salts Market Demand
    • Impact Analysis of the Russia-Ukraine Conflict
  3. Global Inorganic Salts Market Segmentation, by Volume (Kilograms) & Revenue (USD Billion), (2022-2030)
    • By Type
      • Sodium Salts
      • Magnesium Salts
      • Calcium Salts
      • Potassium Salts
      • Ammonium Salts
      • Others
    • By Application
      • Pharmaceuticals
      • Food
      • Agriculture
      • Chemicals
      • Others
  1. Global Inorganic Salts Market Overview, By Region
    • North America Inorganic Salts Market Volume (Tons) & Revenue (USD Billion), by Countries, (2022-2030)
      • US
        • By Type
        • By Application
      • Canada
      • Mexico
    • Europe Inorganic Salts Market Volume (Kilograms) & Revenue (USD Billion), by Countries, (2022-2030)
      • France
      • UK
      • Spain
      • Russia
      • Italy
      • BENELUX
    • Asia Pacific Inorganic Salts Market Volume (Kilograms) & Revenue (USD Billion), by Countries, (2022-2030)
      • China
      • Japan
      • Australia
      • South Korea
      • India
      • ASEAN
  1. Latin America Inorganic Salts Market Volume (Kilograms) & Revenue (USD Billion), by Countries, (2022-2030)
    • Brazil
    • Argentina
    • Chile
  2. Middle East and Africa Inorganic Salts Market Volume (Kilograms) & Revenue (USD Billion), by Countries, (2022-2030)
    • GCC
    • Turkey
    • South Africa
  3. Global Inorganic Salts Market Revenue: Competitive Analysis, 2021
    • Key strategies by players
    • Revenue (USD Billion and %), By manufacturers, 2021
    • Player Positioning by Market Players, 2021
  4. Competitive Analysis
    • Tata Chemicals
      • Business Overview
      • Business Financials (USD Billion)
      • Product Category, Type, and Specification
      • Main Business/Business Overview
      • Geographical Analysis
      • Recent Development
      • Swot Analysis
    • Redmond Clay & Salt Company
    • Otsuka Chemical
    • Eastman Chemical Company
    • Arkema
    • United Salt Corporation
    • Solvay
    • GFS Chemicals
    • Behn Meyer
    • Hunter Chemical
  5. Market Research Findings & Conclusion

Disclaimer

Research Methodology

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