Inorganic Salts Industry - Overview
The Global Inorganic Salt Market is growing with the rapid pace, mainly due to the burgeoning fertilizers industry, agriculture industry, and agrochemical industries. Available in various types, Inorganic Salts find a line of applications mainly in agriculture, healthcare, and construction industries. Depending upon chemical properties, inorganic salts are used in various industries. Being essential nutrients, Inorganic Salt play a vital role in regularizing the human body functions as to maintain the metabolic processes, and to conduct the nerve impulse. Owing to this, Inorganic Salt has been gaining a lot of prominence and sequentially; the Inorganic Salt Market is gaining momentum on the global platform.
Considering the significant amount of traction, the Global Inorganic Salts Industry is gaining currently; the Market Research Future, has recently published a brilliant study report giving out the in-depth market prognosis and the market key player’s analysis. According to MRFR market study, the global market of Inorganic Salt is projected to accrual exponentially by 2027, by posting a staggering CAGR during the estimated period (2016 – 2027).
Leverage to the rising population worldwide that has resulted in to heightened demand for food supply leading to the increasing demand for agrochemicals and fertilizers in agriculture industry eventually, fostering the demand in Inorganic Salt Market. Additionally, increasing application of Inorganic Salt across industries including Construction, Pharmaceutical, Rubber manufacturing etc. are driving the market growth of Inorganic Salt up to an extent. Magnesium oxide and rubber are the major elements of inorganic salt. The growth in rubber industries and increasing demand for magnesium oxide has propelled the market growth for Global Inorganic Salt Market. In pharmaceutical industry, inorganic salt has been used as an important application as an antacid. In the construction industry, it is used in cement as an Epsom salt which is very widely used in gardening, household usage, agriculture and several other areas.
Sodium Carbonate, one of the Inorganic Salt is primarily used by the chemical industry for manufacturing glass, detergents, sodium chemicals and carbonate chemicals. It is also employed by the paper and pulp industry for paper production. Sodium carbonate is used in industrial and municipal wastewater treatment because of strict regulations requiring dechlorination of the wastewater treatment process. It is also employed for brine treatment, coal treatment and desulphurization of flue gas. Sodium carbonate finds major consumption in industries as well as households for removal of hardness in water and pH adjustment of water. Sodium carbonate is also used as a catalyst for resin regeneration through ion exchange.
Ammonium sulphate is an inorganic salt that is widely used in fertilizers, providing nitrogen and sulphur for the healthy growth of crops. Ammonium sulphate consists of 21% nitrogen and 24% sulphur. The advantage of using ammonium sulphate is that it releases nitrogen slowly, which is beneficial for crop growth. The chemical method that is popularly used for the preparation of ammonium sulphate involves the reaction of ammonia with sulphuric acid in a reactor. Another method of preparing ammonium sulphate involves the reaction of gypsum with ammonium carbonate, resulting in ammonium sulphate and calcium carbonate as the by-product. Ammonium sulphate is also formed as a by-product during the preparation of caprolactam.
Sodium nitrate is one of the widely used inorganic salts. It is used in fertilizers, pharmaceutical products, food, and gunpowder. It is a white crystalline salt that is found as mineral deposit called caliche ore in the Earth's crust. This odourless compound is also known as Chile saltpeter. Chile and Peru are the largest producers of sodium nitrate. Sodium nitrate is a strong oxidizing agent. It is used as fertilizers to help in the crop yield by improving the nutrient content of the soil.
Magnesium carbonate (MgCO3) is a white coloured solid Inorganic Salt present in various basic and hydrated forms as minerals. Magnesium carbonate has a wide range of application in industries such as cosmetic, pharmaceutical, food, personal care, rubber, plastic, etc. as antacids, additives, laxative, drying agent, etc. The Global Magnesium Carbonate Market is expected to expand at significant CAGR, owing to high demand for magnesium oxide in pharmaceutical industry.
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Inorganic Salt Global Market - Competitive Analysis
Global Inorganic Salt Market players are ensuring to be innovative while building up the marketing strategies. This in return, provides a strong consumer base. Key players are focused majorly on acquisition of small players to expand their business and penetrate the Global Inorganic Salt Market. Expansion is also one of the key strategies followed by acquisition. Expansion will help in capturing the major market and increasing the production capacity to meet the rising demand from consumer’s end thereby further contributing to increasing revenue. Acquisition and expansions are evaluated to be contributing to more than 30% of strategy share and is facilitating the companies to penetrate the potential market across globe.
MerckMillipore, Sigma Aldrich, Fisher Scientific, Otsuka Chemical Co Ltd, Loba Chemie, Lenntech, Arkema SA,Bann Química, Chemtura Corporation, Behn Meyer Solutia Incorporated, Emerald Performance Materials, Lanxess AG, and Eastman Chemicals Co. are some of the prominent players at the forefront of competition in the Global market of Inorganic Salt and are profiled in MRFR Analysis.
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