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North America Salt Market Share, Growth, Analysis, Report: By Type: Rock Salt, Rock Salt, Solar Salt, Vacuum Salt; By Application: Chemical Processing, De-Icing, Food Processing, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators of Demand; Competitive Landscape; 2024-2032
North America Salt Market Size
The North America salt market reached USD 5.78 billion in 2023. The market is projected to grow at a CAGR of 5.1% between 2024 and 2032, reaching almost USD 9.04 billion by 2032.
| North America 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 | 5.78 |
| Market Size 2032 | USD Billion | 9.04 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.1% |
| CAGR 2024-2032 - Market by Country | Canada | 5.6% |
| CAGR 2024-2032 - Market by Type | Brine | 5.4% |
| CAGR 2024-2032 - Market by Application | Food Processing | 5.8% |
| 2023 Market Share by Country | Canada | 12.7% |
North America Salt Market Outlook
- The average salt consumption of an American adult is 3,300 mg.
- The average salt consumed by a Canadian person daily is 2,760mg.
- Salt finds extensive applications in road de-icing processes during the winter season.
North America Salt Market Growth
The United States manufactures inorganic and organic chemicals, sealants, and plastic resins, among other chemicals, for the agricultural and consumer goods sector. In 2019, the United States exported chemicals worth over $208 billion, which constituted 15% of the global supply. Its domestic industry (having 13,000 firms) produces over 70,000 chemical products annually. Globally, the increasing demand for speciality chemicals is expected to necessitate the use of salt by the domestic chemical industry, which is a key component for manufacturing chlorine, sodium bicarbonate, and other chemicals.
The United States is the world’s biggest nuclear power producer, which constitutes a 30% share of the global nuclear power production. In 2022 , the US produced 772 TWh of electricity from its nuclear power plants, which constituted 18% of the overall electricity output. With the introduction of the Inflation Reduction Act, the government is incentivising the expansion of existing nuclear power facilities through tax breaks and subsidies. Molten salt reactors are expected to play a key role in driving this expansion, as they have excellent heat absorption capacity and can fuel the process of nuclear power and green hydrogen production. They have the benefit of minimising waste generation while enhancing the safety of the production process.
North America Salt Industry Segmentation
North America 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 |
| Brine | 5.4% |
| Vacuum Salt | 4.7% |
| Rock Salt | XX% |
| Solar Salt | XX% |
Market Breakup by Type
- Rock Salt
- Brine
- Solar Salt
- Vacuum Salt
| CAGR 2024-2032 - Market by | Application |
| Food Processing | 5.8% |
| De-Icing | 4.7% |
| Chemical Processing | XX% |
| Others | XX% |
Market Breakup by Application
- Chemical Processing
- De-icing
- Food Processing
- Others
| CAGR 2024-2032 - Market by | Country |
| Canada | 5.6% |
| United States of America | XX% |
Market Breakup by Country
- United States of America
- Canada
North America Salt Market Share
Based on country, the market is divided into the United States of America and Canada. Over the forecast period of 2024-2032, Canada is projected to grow at a CAGR of 5.6% amid the growing export of salt and the expansion of fast food chains.
| 2023 Market Share by | Country |
| United States of America | XX% |
| Canada | 12.7% |
Leading Companies in the North America Salt Market
Major market players are expected to use salt for manufacturing and storing renewable energy. The increasing use of salt in the pharmaceutical, and oil and gas industry is also expected to drive the market growth.
- American Rock Salt
- Cargill Incorporated
- Compass Minerals International, Inc.
- K+S Aktiengesellschaft
- Morton Salt, Inc.
- US Salt LLC
- Jacobsen LLC
- Ahir Salt Industries
- INEOS Group
- Amagansett Sea Salt Co.
- Others
Key Highlights of the Report
| 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 North America Salt Market Overview
9.1 Key Industry Highlights
9.2 North America Salt Historical Market (2018-2023)
9.3 North America Salt Market Forecast (2024-2032)
10 North America 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 North America 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 North America Salt Market by Country
12.1 United States of America
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Canada
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
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 American Rock Salt
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 Cargill Incorporated
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 Compass Minerals International, 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 K+S Aktiengesellschaft
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 Morton Salt, Inc.
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 US Salt LLC
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 Jacobsen LLC
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 Ahir Salt Industries
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 INEOS Group
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 Amagansett Sea Salt Co.
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. North America Salt Market: Key Industry Highlights, 2018 and 2032
3. North America Salt Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Salt Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Salt Historical Market: Breakup by Application (USD Billion), 2018-2023
6. North America Salt Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. North America Salt Historical Market: Breakup by Country (USD Billion), 2018-2023
8. North America 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. North America Salt Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 5.78 billion in 2023.
The market is projected to grow at a CAGR of 5.1% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 9.04 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 regions covered in the market report are the United States of America and Canada.
The key market players are American Rock Salt, Cargill Incorporated, Compass Minerals International, Inc., K+S Aktiengesellschaft, Morton Salt, Inc., US Salt LLC, Jacobsen LLC, Ahir Salt Industries, INEOS Group, and Amagansett Sea Salt Co., among others.
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