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Global Vacuum Salt Market: Strong Demand from Asia Pacific’s Industrial Sector to Boost Growth

Press release Description

Albany, New York, March 19, 2018: A new research study titled “Global Market Study on Vacuum Salt: Granular Type Segment Expected to Witness 1.3x Increase in Growth During 2017-2025” has been submitted to the vast database of Market Research Reports Search Engine (MRRSE). According to the report, the global vacuum salt market is projected to grow at 3.4% CAGR and reach a valuation of nearly US$ 7.3 Bn by the end of the forecast period.

The report offers detailed insights on the growth of the global vacuum salt market, highlighting the key trends and developments impacting the growth of the market. According to the report, demand for vacuum salt is likely to grow on account of growing demand for low sodium content salt. Consumer around the globe are focusing on reducing the salt content in their diet, and vacuum salt has emerged as a pragmatic option. The growing water softening industry, combined with growing demand for pharmaceutical grade vacuum salt are the other key factors promoting the growth of the market during the assessment period.

The study has segmented the global vacuum salt market on the basis of end use, application, type and region. The end use segment is further sub-segmented into household and commercial (pharmaceutical industry, food industry, chemical industry, textile industry and others). By application segment, the global market is categorized as Water Treatment, Anticaking Agent, De-icing, Flavoring Agent, Water Softener and others. The type segment divides the global market into granular, fine and briquette. Geographically, the study divides the global market into key regions which are North America, Europe, Latin America, Asia Pacific and Middle East and Africa.

According to the report, demand for vacuum salt is growing at a steady pace in the industrial sector, and it is highly likely that demand will surpass the food and beverage segment during the assessment period. The high demand for vacuum salt in the chemical industry is a key factor driving market growth. Further, by application, demand for vacuum salt in the de-icing segment is likely to provide an impetus to growth during the assessment period.

Asia Pacific is one of the largest markets for vacuum salt during the assessment period, and it is highly likely that the region will continue to account for a leading share of the market during the assessment period. Strong demand from China and India’s industrial segment is likely to promote growth of the market during the assessment period.

Some of the key companies profiled in the report are K+S AKTIENGESELLSCHAFT, Tata Chemicals Ltd., Ciech S.A., AkzoNobel N.V., Dominion Salt Limited, INEOS Group Limited, AB Hanson & Mohring, Kensalt Ltd., Cerebos Ltd., Cheetham Salt Limited, WA Salt Group, ACI Limited, Cerebos Ltd., Nirma Limited, Infosa¸ BGR International Ltd., Australian Saltworks, China Salt Jintan Co., Ltd. and Suedwestdeutsche Salzwerke AG.

Browse Full Global Vacuum Salt Market Report with TOC : https://www.mrrse.com/vacuum-salt-market

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