Inorganic Salts Market by Insulation Material (Sodium Salts, Magnesium Salts, Calcium Salts, Potassium Salts, and Ammonium Salts) and End-use Industry (Agriculture, Pharmaceuticals, Construction, Rubber Processing, Food, and Others): Global Opportunity An

Inorganic Salts Market by Insulation Material (Sodium Salts, Magnesium Salts, Calcium Salts, Potassium Salts, and Ammonium Salts) and End-use Industry (Agriculture, Pharmaceuticals, Construction, Rubber Processing, Food, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

The inorganic salts market size was valued at $92.2 billion in 2020, and is projected to reach $150.7 billion by 2030, at a CAGR of 5.1% from 2021 to 2030.

Inorganic salt is essential for human and animal nutrition. Oxides, sulphates, nitrates, phosphates, fluorides, carbonates, silicates, and sulfates of sodium, potassium, magnesium, calcium, and ammonium are among few inorganic salts. These salts are essential for human and animal health, and they can also be found as ions in biological fluids. Inorganic salts are required for transmission of electrical impulses across cell membranes and other cells, hence they must be used. Nerve impulses, heart functions, and muscle contraction are all controlled by ions in inorganic salts. These salts are also utilized as reagents in current biotechnological instruments such as high-performance liquid chromatography (HPLC).

Inorganic salts are also used in a variety of industries, including agriculture, medicines, food, rubber manufacturing, cement, and chemicals. In addition, these salts are used as catalysts, Sulphur adsorbents, and fire retardants in small amounts. Widespread use of calcium salts, nitrates, ammonium phosphate, zinc salts, and other inorganic salts to improve soil nutrient content is one of the main drivers that propel the global inorganic salts market. In addition, inorganic salt has a long history of use as an antacid in the pharmaceutical business. It is utilized in the cement business as epsom salt, which is widely used in gardening, domestic use, agriculture, and a variety of other applications. All these factors propel growth of the worldwide inorganic salt market. However, inorganic salt sometimes acts as a toxic substance, which can be hazardous for health, which hampers the market growth. Moreover, rise in use of inorganic salts as reagents in modern biotechnological equipment such as high-pressure liquid chromatography is a key opportunity for the market. For instance, addition of inorganic salts in reversed phase HPLC causes a moderate linear increase in the surface tension of aqueous solutions and tend to increase in retention time. This technique is used for mild separation and recovery of proteins and protection of their biological activity in protein analysis (hydrophobic interaction chromatography, HIC).

The global inorganic salts market is segmented on the basis of type, application, and region. On the basis of type, the inorganic salts market is divided into sodium salts, magnesium salts, calcium salts, potassium salts, and ammonium salts. On the basis of application, it is classified into agriculture, pharmaceuticals, cement, rubber processing, food, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major companies profiled in the inorganic salts market include BEHN MEYER, Eastman Chemical Company, Emerald Performance Materials, GFS Chemicals, Inc., Lanxess, Lenntech, LobaChemie Pvt. Ltd, Merck KGaA, Otsuka Chemical Co., Ltd, and Thermo Fisher Scientific Inc. The global inorganic salts market report provides in-depth competitive analysis as well as profiles of these major players.

1.1. Key benefits for stakeholders

Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future estimations of the inorganic salts market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.

1.2. KEY MARKET SEGMENTS


By Type

Sodium Salts
Magnesium Salts
Calcium Salts
Potassium Salts
Ammonium Salts

By Application

Agriculture
Pharmaceuticals
Construction
Rubber processing
Food
Others

By Region

North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

Key players in the global inorganic salts market are:

1. BEHN MEYER
2. Eastman Chemical Company
3. Emerald Performance Materials
4. GFS Chemicals, Inc.
5. Lanxess
6. Lenntech
7. LobaChemie Pvt. Ltd
8. Merck KGaA
9. Otsuka Chemical Co., Ltd
10. Thermo Fisher Scientific Inc.

List of Company Profiles

BEHN MEYER
Eastman Chemical Company
Emerald Performance Materials
GFS Chemicals, Inc.
Lanxess
Lenntech
LobaChemie Pvt. Ltd
Merck KGaA
Otsuka Chemical Co., Ltd
Thermo Fisher Scientific Inc.