Inorganic Salts Market Global Scenario, Market Size, Trend and Forecast - 2022

Inorganic Salts Market

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.

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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.

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.

However, the toxic nature of some of the salts is restraining the growth of the market for inorganic salts. Alkyl halides, such as chloroform and chloro fluorocarbon are responsible for ozone layer depletion, and thus considered environmentally hazardous.

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Some of the major players operating in the global inorganic salts market include Eastman Chemical company, Hebei Yatai Electrochemistry Co. Ltd., Behn Meyer, Lanxess AG, Otsuka Chemical Co. Ltd., Arkema SA, Thermo Fisher Scientific Inc., Loba Chemie, and others.

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