Rock salt
is another name for the mineral halite which is commonly known as sodium
chloride and has a chemical formula NaCl. It is formed by the evaporation of
salty water from large water bodies such as inland marginal seas, enclosed bays
and estuaries in semi-arid regions where it is found in enormous deposits.
Rock salt
is majorly used by chemical industries. It is often used both as residentially
and municipally for managing ice, because it has lower freezing point than pure
water. It is also used extensively in cooking as a flavor enhancer.
Market Size and Forecast
The global rock salt market is
expected to grow at a robust growth over the forecast period i.e. 2017-2024. Rise in chemical industry and
de-icing of roads in severe winter conditions is expected to impel the growth
of rock salt market
over the forecast period. Besides this, it can be used as healthy substitute
for common salt as it is rich in minerals which are further likely to impel the
demand of rock salt in the next few years.
Geographically,
Asia-Pacific is expected to dominate the global rock salt market aided by
China, Japan and India as these countries comprises of fastest growing rock
salt market.
North
America stood at the second largest market for rock salt in terms of revenue in
2016. The region’s market has been strengthened by robust sales of deicing salt
in U.S. and Canada.
Market Segmentation
Our
in-depth analysis segmented the rock salt market in the following segments:
By
Application
Chemical
Pharmaceutical
Cosmetics
Food and
beverages
By Region
Global
rock salt market is further classified on the basis of region as follows:
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
Western
and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth
& Opportunity Analysis
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis
Middle
East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Growth Drivers and Challenges
The global
rock salt market is mainly driven by chemical industry for obtaining chlorine
because it is used in multiple applications such as pulp and paper industry as
it utilizes large amount of chlorine for bleaching of soda. Textile and tanning
industries need chlorine in brine to heal and soften the tissues.
Another
factor growing the demand for rock salt is the food industry for using rock
salt as flavoring of cereals, snacks, meats and more. It is widely used in
medication as it possesses many vital minerals and it aids in digestion and is
prescribed for laxative and digestive disorders. Apart from this, rock salt is
also used for cosmetic purposes because it has cleansing and detoxifications
properties such as it exfoliates the dead skin cell and protect the natural
layer of skin.
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Rock salt
is the highly cost-effective product available for removing snow and ice,
keeping traffic and the economy flowing. However, rock salt can cause corrosive
damage to motor vehicles, recreational vehicles and concrete surfaces.
Additional salt can damage wildlife, leading to food and shelter loss. It can
also lead to poor water quality because it can leech into nearby ponds and
rivers, affecting fish and other aquatic inhabitants. If contamination occurs
in well water, it can lead to hypertension in humans and as well as can lead to
cancer which may hamper the growth of rock salt market, globally.
Key players
The major
key players for rock salt are as follows
Sian
Enterprises
Tabarak
Fertilizers
Eurosalt
AB
Maxisalt
Meodity
The
International Company for Salt
Multi rock
salt
Salt
Natural
Abraxus
salt
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
rock salt market is segmented as follows:
By
Application Market Size & Y-O-Y Growth Analysis
By Region
Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
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