Global Bulk Salt Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Bulk Salt Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

In this report, there are three types of bulk salt, rock salt, solar salt and evaporated salt, which are widely used in chemical, deicing, general Industrial, agriculture and water treatment fields.

Market Overview:

The latest research study on the global Bulk Salt market finds that the global Bulk Salt market reached a value of USD 4559.51 million in 2022. It’s expected that the market will achieve USD 4809.95 million by 2028, exhibiting a CAGR of 0.9% during the forecast period.

The increasing demand in downstream deicing field

Although regular snow removal reduces the potential slippery condition, sometimes ice will accumulate and cause danger. Deicing salt is applied to the frozen surface, which can reduce the melting point of water to 20 degrees Fahrenheit to-30 degrees Fahrenheit, depending on the formula. This prevents the formation of ice. According to Minnesota Pollution Control Agency, sodium chloride is the most commonly used product for deicing roads, sidewalks, parking lots and driveways. Other deicing chemicals include magnesium chloride, calcium chloride, calcium magnesium acetate and urea. Bulk salt is an economical deicing product, which is used to remove ice and snow from sidewalks, driveways, roads and parking lots. Bulk salt is widely used by consumers, commercial deicing companies and government agencies. The increasing demand in downstream deicing field will promote the development of Bulk Salt industry.

Market Challenges & Risks

Bulk Salt industry has many barriers. New salt-making projects often need to invest in large-scale salt-making production equipment at the initial stage of construction, which constitutes a high capital barrier for potential investors. Among them, beach-drying technology is mostly used in salt making from seawater, which takes up a lot of land resources in the production process. If enterprises can't have enough related resources, it will affect their own output, thus reducing their profitability. Rock salt production enterprises need to own rock salt mines with abundant salt reserves to ensure the supply of raw materials.

At the same time, coal, electricity and raw materials, the energy needed for salt making, account for a relatively large proportion in the cost structure of salt products, so their price fluctuations have a greater impact on the cost of salt making.

The waste water, waste gas and waste residue produced in the production and sales of bulk salt may cause certain pollution to the environment. Some companies have established a complete set of environmental protection-related systems, which have been effectively implemented, and introduced a series of advanced environmental protection equipment. After technical treatment, the emissions meet the national and local environmental emission standards. However, with the continuous strengthening of environmental protection efforts of governments in various countries, stricter environmental protection standards and higher environmental protection requirements may be introduced in the future, thus increasing the investment of companies in environmental protection.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Americas (38.16% in 2022).

Company Overview:

Compass Minerals is one of the major players operating in the Bulk Salt market, holding a share of 11.87% in 2023.

Compass Minerals

Compass Minerals International, Inc is a public company that, through its subsidiaries, is a leading producer of minerals, including salt, magnesium chloride, sulfate of potash and other plant nutrition products. Based in Overland Park, Kansas, (a suburb of Kansas City), the company provides bulk treated and untreated highway deicing salt to customers in North America and the United Kingdom and plant nutrition products to growers worldwide.

K+S AG

K+S AG is a German chemical company headquartered in Kassel. The company is Europe’s largest supplier of potash for use in fertilizer and, after the acquisition of Morton Salt, the world's largest salt producer. The firm also produces and distributes other mineral fertilizers, such as those from magnesium and sulphur.

Segmentation Overview:

By type, Rock Salt segment accounted for the largest share of market in 2022.

Rock Salt

Rock salt is mined from underground salt mines.

Solar Salt

Solar salt is made by evaporation of naturally occurring salt water from a sea, lake, etc.

Evaporated Salt

Unlike rock or solar salt, evaporated salt contributes fewer impurities.

Application Overview:

The market's largest segment by application is the segment Chemical, with a market share of 48.75% in 2022.

Key Companies in the global Bulk Salt market covered in Chapter 3:

Compass Minerals
Südwestdeutsche Salzwerke AG
K+S AG
Ankur Chemfood
Cargill
Nobian
American Rock Salt
Kissner Group Holdings
Rio Tinto Group
Salins Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Bulk Salt market from 2018 to 2029 is primarily split into:

Rock Salt
Solar Salt
Evaporated Salt

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bulk Salt market from 2018 to 2029 covers:

Chemical
De-Icing
General Industrial
Agricultural
Water Treatment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)