Global Solar Salt Market Growth 2023-2029

Global Solar Salt Market Growth 2023-2029

Solar salt is salt formed through the solar evaporation process. Because solar salt is made from brine, insoluble impurities in the salt can be eliminated. Solar salt’s sodium chloride content is usually 99.5% or higher.

LPI (LP Information)' newest research report, the “Solar Salt Industry Forecast” looks at past sales and reviews total world Solar Salt sales in 2022, providing a comprehensive analysis by region and market sector of projected Solar Salt sales for 2023 through 2029. With Solar Salt sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Salt industry.

This Insight Report provides a comprehensive analysis of the global Solar Salt landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Salt portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solar Salt market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Salt and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Salt.

The global Solar Salt market size is projected to grow from US$ 7092.7 million in 2022 to US$ 6739.9 million in 2029; it is expected to grow at a CAGR of 6739.9 from 2023 to 2029.

In the global market, the core manufacturers of solar salt include Rio Tinto, K+S, Mitsui and Cargill etc, and the top 5 manufacturers account for above 20% of the market share. The market include Asia Pacific, Europe and North America, with a share of 50%, 19% and 18%. Sea water accounted for 81% and underground brine accounted for 19%. The product is mainly used in chemical industry and food industry fields, with a share of 68% and 13%.

This report presents a comprehensive overview, market shares, and growth opportunities of Solar Salt market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Sea Water
Underground Brine

Segmentation by application
Oil and Gas Industry
Chemical Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
K+S AKTIENGESELLSCHAFT
CK Life Sciences
Compass Minerals International
Nirma
Rio Tinto Group
Mitsui
Cimsal Indústria Salineira
Tata
United Salt
Cargill
Kensalt

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solar Salt market?

What factors are driving Solar Salt market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Solar Salt market opportunities vary by end market size?

How does Solar Salt break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.