North America Salt Market Report and Forecast 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 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:

Market Breakup by Type

• Rock Salt

• Brine

• Solar Salt

• Vacuum Salt

Market Breakup by Application

• Chemical Processing

• De-icing

• Food Processing

• Others

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.

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