21 September 2018: According to Grand View Research, Inc., the worldwide industrial salts market is expected to attain USD 15.9 billion by 2025. Industrial salts can be obtained from sources like brine, and salt mine. The different products categorized such as rock salt, solar salt, salt in brine, and vacuum pan salt.
In August 2017, The Cargill Inc. received an approval from the New York Department of Environmental Conservation (DEC) regarding mine permit amendment. The company will get permission to mount a new air shaft at rock salt mine situated in Lansing, New York. The first shaft was created in 1916 by Cayuga mine and the company bought the business in 1970. The mine mainly produces road salt and it is sold under the name Diamond Crystal as residential deicing salt.
In 2017, China salt Hebei China Salt Longxiang Salt Co.,Ltd. has opted a Veolia’s mechanical vapor recompression (MVR) salt crystallization system for its new plant for producing food quality salt located in Ningjin, Hebei Province, PRC. The technology can be used for processing row sodium chloride feed brine. The food grade salt from the sodium chloride brine likely to be sold all over China as normal table salt. To provide efficient salt crystallizer Veolia has developed a salt crystallizer which uses a single vapor body and two heater recirculation loop planning with motive energy for evaporation provided by MVR.
Increasing demand for the product in several application industries including oil and gas industry, highway deicing, water treatment, chemical processing, and agriculture can propel the market over the forecast period (2014 to 2025). The products can be used in the production of to produce product such as caustic soda, chlorine, and soda ash.
However, strict guidelines regarding environmental protection and health safety can restrain the market. In addition, manufacturers have to follow several rules to obtain licenses from the government which may pose the growth.
Prominent companies operating in the market include Mitsui & Co. Ltd.; Cargill Inc.; Rio Tinto PLC.; Exportadora De Sal SA.; and Cargill Inc.
In-Depth Research Report On Industrial Salts Market:
https://www.grandviewresearch.com/industry-analysis/industrial-salts-market
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