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The Asia Pacific salt market reached USD 13.63 billion in 2023. The market is projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching almost USD 21.88 billion by 2032.
Asia Pacific Salt Market Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 13.63 |
Market Size 2032 | USD Billion | 21.88 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.4% |
CAGR 2024-2032 - Market by Region | India | 6.2% |
CAGR 2024-2032 - Market by Region | ASEAN | 5.8% |
CAGR 2024-2032 - Market by Type | Solar Salt | 6.4% |
CAGR 2024-2032 - Market by Application | Food Processing | 5.8% |
2023 Market Share by Country | China | 37.6% |
Nearly 43% of global chemical manufacturing is concentrated in the Asia Pacific region. China and India are expected to emerge as the strongest markets for chemicals in the region, which is anticipated to drive the demand for various salts over the forecast period.
The rising incidences of anaemia have prompted increasing research into the development of double-fortified salt, which contains both iron and iodine. This is expected to improve the health of consumers and significantly increase the market growth.
Rock salt, sea salt, and lake salt account for 46%, 43%, and 11% of China’s raw salt production. Raw salt is a critical component of many chemical products, including caustic soda, ammonium chloride, hydrochloric acid, ammonia, and soda ash, among others. Over the forecast period, renewable energy is expected to emerge as a critical driver of sea salt production in China, with large farmers in Tianjin developing solar power stations for salt production.
Salt is a critical ingredient for the pharmaceutical sector as it facilitates the preparation of oral rehydration solutions, injections, and dietary formulations, among others. A combination of chemical and physical methods is used to obtain pharmaceutical-grade salt and the anticipation growth of the sector is expected to propel the market growth in the coming years.
Asia Pacific Salt Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
CAGR 2024-2032 - Market by | Type |
Solar Salt | 6.4% |
Vacuum Salt | 5.2% |
Rock Salt | XX% |
Brine | XX% |
Market Breakup by Type
CAGR 2024-2032 - Market by | Application |
Food Processing | 5.8% |
Chemical Processing | 5.6% |
De-Icing | XX% |
Others | XX% |
Market Breakup by Application
CAGR 2024-2032 - Market by | Country |
India | 6.2% |
ASEAN | 5.8% |
Japan | 4.8% |
China | XX% |
Australia | XX% |
Others | XX% |
Market Breakup by Country
Based on type, the market is divided into rock salt, brine, solar salt, and vacuum salt. Over the forecast period, vacuum salt is projected to grow at a CAGR of 5.2% during the forecast period of 2024-2032 due to its use as a base for preparing various fortified and double-fortified salts.
2023 Market Share by | Country |
China | 37.6% |
Japan | XX% |
India | XX% |
Major market players are expanding their production capacities to cater to the increasing demand for salt for various applications in the region.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Salt Market Overview
8.1 Key Industry Highlights
8.2 Global Salt Historical Market (2018-2023)
8.3 Global Salt Market Forecast (2024-2032)
8.4 Global Salt Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Salt Market Overview
9.1 Key Industry Highlights
9.2 Asia Pacific Salt Historical Market (2018-2023)
9.3 Asia Pacific Salt Market Forecast (2024-2032)
10 Asia Pacific Salt Market by Type
10.1 Rock Salt
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Brine
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Solar Salt
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Vacuum Salt
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Asia Pacific Salt Market by Application
11.1 Chemical Processing
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 De-Icing
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Food Processing
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Asia Pacific Salt Market by Country
12.1 China
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Japan
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 India
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 ASEAN
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code – 2501)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Manufacturing Process
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 K+S Aktiengesellschaft
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Mitsui & Co (Australia) Ltd
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 CK Life Sciences International., (Holdings) Inc.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Shree Sai Salt
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Tata Consumer Products Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Ahir Salt Industries
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 INEOS Group
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 GHCL Limited
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 SALT Minerals GmbH
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Goyal Salt Limited
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Salt Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Salt Market: Key Industry Highlights, 2018 and 2032
3. Asia Pacific Salt Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Asia Pacific Salt Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Asia Pacific Salt Historical Market: Breakup by Application (USD Billion), 2018-2023
6. Asia Pacific Salt Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. Asia Pacific Salt Historical Market: Breakup by Country (USD Billion), 2018-2023
8. Asia Pacific Salt Market Forecast: Breakup by Country (USD Billion), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Asia Pacific Salt Market Structure
The market was valued at nearly USD 13.63 billion in 2023.
The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 21.88 billion in 2032.
The different types of salt in the market include rock salt, brine, solar salt, and vacuum salt.
The different applications of salt include chemical processing, de-icing, and food processing, among others.
The different countries covered in the market report are China, Japan, India, ASEAN, and Australia, among others.
The key market players are K+S Aktiengesellschaft, Mitsui & Co (Australia) Ltd, CK Life Sciences International., (Holdings) Inc., Shree Sai Salt, Tata Consumer Products Ltd., Ahir Salt Industries, INEOS Group, GHCL Limited, SALT Minerals GmbH, and Goyal Salt Limited, among others.
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