Inorganic salt is crucial nutrition for both humans and animal. The inorganic salts comprise of a wide variety of salts that includes oxides, sulfates, nitrates, phosphates, fluorides, carbonates, silicates, and sulfides of sodium, potassium, magnesium, calcium, and ammonium among others. These salts are important nutrition for human and animal health; and also found separated as ions in the body fluids. The intake of such inorganic salts is essential as the cells use them to transmit electrical impulses across their membranes and to other cells. The ions of inorganic salts control nerve impulses, heart functions, and muscle contraction. These salts are also used as reagents in modern biotechnological devices such as HPLC (High Pressure Liquid Chromatography).
Inorganic salts also use over the wide range of applications associated to agriculture, pharmaceuticals, food, rubber processing, cement, and chemicals, among others. Additionally, these salts also find applications in small portions over animal feed as catalyst, sulphur adsorbents and fire retardants.
According to study, “Global Inorganic Salt Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global inorganic salt market are Merck Millipore, Lenntech, Arkema SA,Bann Química, Behn Meyer, Chemtura Corporation, Solutia Incorporated, Emerald Performance Materials, Eastman Chemicals Co., HebeiYatai Ltd., Lanxess AG, Sigma Aldrich, Otsuka Chemical Co Ltd, Loba Chemie, Thermo Fisher Scientific Inc.,
Based on product type, inorganic salt market is segmented into potassium salt, sodium salt, calcium salt, magnesium salt, ammonium salt and others (barium, lithium, and aluminium). In addition, based on application, market is segmented into agriculture, food, rubber processing, pharmaceuticals, cement, chemicals and others. Among them, agriculture segment accounts for the largest share owing to the swelling use of inorganic salts to augmenting the soil nutrients and thus, improving the yield quality. Additionally, pharmaceutical industry is anticipated to witness higher growth rate due to rapidly expanding healthcare industry caused by rise in health awareness, coupled with increase in per capita disposable incomes during the forecast period.
The inorganic salt market is driven by rise in application in various manufacturing industries, followed by increase in salt consumption and growth of fertilizer, rubber, and agrochemical industries. However, toxic nature of salts for example, alkyl halides, such as chloroflouro carbons and chloroform may impact the market. Moreover, rise in use of inorganic salts as reagent in modern biotechnological devices is a key opportunity for market. Furthermore, rise in investment shift toward Asia-Pacific region is a major trend for market.
Based on geography, the Asian-Pacific region holds major share in inorganic salt market owing to growth in chemical industry, increase in construction activities, and rise in demand for agrochemicals in the region. Whereas, the European and North-American regions are estimated to witness higher growth rate due to growth in healthcare industry and increase in demand from agriculture industry over the forecast period. In near future, it is predicted that future of the market will be bright as a result of increase in consumption of fruits, protein-rich diets, and vegetables during the forecast period.
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Ankur Gupta, Head Marketing & Communications