Inorganic Salt Market Size and Forecast | Key Players – LobaChemie Pvt. Ltd (India), Merck KGaA (Germany), Laxness (Germany)

 Inorganic salts are highly essential nutrition for both human and animals. They are found in the body fluids wherein they are dissociated as ions. Inorganic salts are either soluble or non-soluble based upon the composition of the salt. This form of salts come in a wide variety of forms, which includes pallets, crystals, lumps, and granules. As per the in-depth research conducted by the team of Market Research Future (MRFR), the global Inorganic Salt market is slated to experience a massive growth period during the forthcoming years.

The report also identifies the key drivers of the market, which primarily involves its application in the major end-user industries like food, cement manufacturing, agrochemicals, food, healthcare, and others. Moreover, its increasing usage in the agrochemical sector is one of the other major drivers of the market. The rising level of food consumption coupled with the lack of arable land is expected to contribute to the market growth of inorganic salts likely. The intake of inorganic salts into the body is highly essential as the cells use the same to impart electrical impulses all across their membranes and to other cells. The inorganic salt ions help regulate heart functions, nerve impulses, and muscle contraction. This acts as another major boost to the market. It also has applications in the pharmaceutical sector as an antacid. They are also used as Epsom salt in cement in order to prevent concrete scaling and for attracting moisture. All these pointers are projected to drive the growth of the market in the coming years.

 

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However, there lies a major challenge to the market as inorganic salts were listed out as toxic by the Federal Explosives Law & Regulations and the Code of Federal Regulations of the US. Hence, government regulations concerning the toxicity of inorganic salts can pose to be a major hindrance to the market growth of inorganic salts.

Market Segmentation

The global inorganic salts market segmentation is classified on the basis of type and end-user industry.

Based on type, the market segregation includes magnesium salts, potassium salts, calcium salts, sodium salts, ammonium salts, and others.

Based on end-user, the market narrows down into food, cement manufacturing, agrochemicals, healthcare, and others. Herein, the agrochemical industry holds a major percentage of the market share, followed by the food and healthcare industry.

Regional Segmentation

The regional Inorganic Salts market comprises of five key areas: Europe, North America, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

The APAC region is expected to be the fastest-growing market globally due to the surging rate of demand for agrochemicals from some of the major agriculture powerhouses like India, Indonesia, China, Thailand, and Malaysia. Additionally, the growing demand for food consumption and higher disposable income have further helped steer the growth of the market. Also, there has been an increasing percentage of building and constructions down in this region, which is driving the demand for cement and is subsequently pushing the inorganic salts market.

North America is another growing region in this regional market segmentation owing to the expanding food and pharmaceutical industry in the US. The adoption and subsequent usage of inorganic salts for cement manufacturing have propelled the reconstruction industry in the region.

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Europe is projected to witness a slow growth rate due to the various regulations and restrictions applied to the production and the usage of these salts. In the Middle East & Africa region, high demand for cement for infrastructural requirements is a driving factor behind the market growth of this region during the review period.

Competitive Analysis

Some prominent players herein include Thermo Fisher Scientific Inc. (U.S.), LobaChemie Pvt. Ltd (India), Merck KGaA (Germany), Laxness (Germany), Rose Mill Co. LLC. (U.S.), Eastman Chemical Company (U.S.), BEHN MEYER (Germany), Emerald Performance Materials (U.S.), Bann Química Ltda (Brazil), Arkema (France), Lenntech (Netherlands), Otsuka Chemical Co., Ltd. (Japan), GFS Chemicals, Inc. (U.S.), Hunter Chemical, LLC (U.S.). and Pro Chem, Inc. (U.S.).

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