The global Solar Salt Market is projected to reach a value of USD 24.14 Billion in 2027. Growing usage of Solar Salt as a building block in the chemicals industry, major uplift in demand for Solar Salt in detergent and soap and agrochemical manufacturing, and rapidly increasing the deployment of wastewater and water treatment solutions in industrial municipal sewage services are major factors driving the market growth.
The rise in domestic production of dyes and chemical pigments is also supporting the growth of the market. Also, the rising consumption of pesticides, pharmaceutical drugs, and cosmetics in the Asia Pacific and the considerable rise in production base in countries such as China, Japan, and India is driving demand for Solar Salt to a significant extent.
In addition, the growing number of pharmaceutical industries and usage of Solar Salt in the manufacture of drugs in APAC countries such as India, China, and Japan, and the increasing growth in consumption of pesticides in the region are expected to contribute significantly to the global market revenue and growth.
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Solar Salt Industry Overview
The global materials chemicals industry revenue growth can be majorly attributed to increasing demand for essential consumer goods including soaps, detergents, and beauty personal care products worldwide, rising preference for sustainable and eco-friendly raw materials, and growing use of advanced chemicals and raw materials in industries including agriculture, food beverage industries, buildings construction, automotive, packaging, and manufacturing industries. Other major factors driving the growth of this industry are rising pollution levels, increasing environmental awareness, increasing use of technologically advanced chemicals and materials, and rising demand for organic materials.
Top Companies Profiled in the Report: Compass Minerals America Inc., K+S AG, China National Solar Salt Industry Co., Cargill, Inc., Mitsui Co. Ltd., Tata Chemicals Ltd., Exportadora de Sal de C.V., Dominion Solar Salt Ltd., Rio Tinto Group, and Morton Solar Solar Salt, among others.
End-Use Outlook (Revenue: USD Billion; 2017-2027, Volume: Kilo Tons; 2017-2027)
Chemical Processing
De-icing
Oil Gas
Water Treatment
Agriculture
Others
Source Outlook (Revenue: USD Billion; 2017-2027, Volume: Kilo Tons; 2017-2027)
Brine
Solar Salt Mines
Product Outlook (Revenue: USD Billion; 2017-2027, Volume: Kilo Tons; 2017-2027)
Rock Solar Solar Salt
Solar Salt in Brine
Solar Solar Solar Salt
Vacuum Pan Solar Solar Salt
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