Inorganic Salt Market Size and Outlook 2028 | Top Companies –Fisher Scientific, Otsuka Chemical Co Ltd, MerckMillipore, Loba Chemie
Inorganic salts are a group of salts used for nutritive health. These comprise silicates, carbonates, fluorides, phosphates, nitrates, oxides, and sulfates. Applications of these salts in industries are likely to expedite its production greatly. The global inorganic salts market report by Market Research Future (MRFR) contains an in-depth analysis of its applications and its opportunities for expansions for the period of 2019 to 2025 (forecast period).
Market Scope
The global inorganic salts market is expected to thrive at 4.5% CAGR
over the forecast period. The need for these compounds for the maintenance of
health among humans and animals can bolster its demand exponentially. The ions
of inorganic salts can regulate muscle contraction, heart functions, and nerve
impulses. Major applications in various industries can ensure a steady demand
for the market. For instance, the use of antacid in pharmaceutical industry for
resolving indigestion issues can fuel the demand for these salts. Consumption
of Epsom salts for attracting moisture and prevent scaling of concrete can
augur favorably for the market.
However, toxic levels of inorganic salts can impede market growth.
Segmentation
The global inorganic salts market has been segmented by type and
application.
Based on type, the market has been segregated into sodium salts,
magnesium salts, calcium salts, potassium salts, ammonium salts, and others.
Calcium salts and sodium salts can contribute to market demand owing to the
dire need for nutrient-dense agricultural produce. Magnesium salts are derived
from magnesium oxide and used in paper manufacturing, construction, and
pharmaceuticals.
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Based on application, the global inorganic salts market has been
bifurcated into agriculture, pharmaceuticals, cement, rubber processing, food,
and others. The agriculture application can account for the largest market
share owing to the use of these salts to enrich soil quality which can lead to
better yields. Consumption of nutritious products due to changing lifestyles of
customers and need for convenience and on-the-go foods can bode well for the
segment growth in the global inorganic salts market.
Regional Analysis
Based on the region, the inorganic salts market has been divided
into Asia Pacific (APAC), North America, Europe Latin America, and the Middle
East & Africa (MEA).
APAC can account for a large share of the market due to demand for
inorganic chemicals for agricultural purposes in Indonesia, Malaysia, Thailand,
India, and China. Large demand for foods due to changing diets of consumers and
consumption of nutrition-rich vegetables and fruits. The booming construction
sector and investments in residential and commercial sectors can induce the
demand for inorganic salts.
North America is expected to be a major revenue generator for the
global inorganic salts market owing to want for agricultural produce. This is
supported by the U.S. being one of the biggest producers and exporters of
produce. The large healthcare industry and the growing populace of the elderly
can bode well for the regional market growth.
Europe is expected to fuel the global inorganic salts market demand
due to consumption of beverages and packaged food products. The large shelf of these
products can spur the demand of inorganic salts. But regulations pertaining to
the use of certain salts can restrict regional market growth.
Lastly, the MEA and Latin America markets can exhibit modest growth
rates owing to building & construction and agriculture industries.
Competition Outlook
Emerald Performance Materials, Thermo Fisher Scientific Inc.,
LobaChemie Pvt. Ltd, Hunter Chemical, LLC, Pro Chem, Inc., Eastman Chemical
Company, Arkema, Otsuka Chemical Co., Ltd, Lanxess, GFS Chemicals, Inc., BEHN
MEYER, Lenntech, and Merck KGaA are major players of the global inorganic salt
market.
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