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

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

Market Overview:

The latest research study on the global Pharmacy Salt market finds that the global Pharmacy Salt market reached a value of USD 317.12 million in 2022. It’s expected that the market will achieve USD 439.73 million by 2028, exhibiting a CAGR of 5.6% during the forecast period.

Opportunities

With the continuous development of economy and industry technology, the Emerging countries have developed rapidly in the Pharmacy Salt market, the industry chain has gradually improved, and industry technology is constantly evolving. China and India are developing countries also are coastal countries, where the population is rising and the improvement of living standards brought with a lot of demand for Pharmacy Salt. In addition, more and more suppliers are shifting their production bases to the Asia-Pacific region because of the low labor cost and have a good industrial base. There is a big potential consumption market.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

The top three companies are K+S, Nouryon and Salzwerke with the revenue market share of 24.55%, 9.57% and 6.65% in 2019.

K+S Aktiengesellschaft manufactures and markets within the fertilizer division standard and specialty fertilizers to the agricultural and industrial industries worldwide. In its salt business, the company produces de-icing salt, food grade salt, industrial salt and salt for chemical use.

Salt has been the Akzo Nobel business since 1918. Starting as Royal Dutch Salt Industries (KNZ) in Boekelo, the Netherlands, first obtained products by means of evaporation in open pans. The salt was dissolved in underground salt layers, formed hundreds of millions of years ago. In 1926, adopted the far more energy efficient method of vacuum evaporation.

Segmentation Overview:

Among different product types, API segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Injections segment occupied the biggest share from 2018 to 2022.

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

Hebei Huachen
Salzwerke
Swiss Saltworks
Dominion Salt
Tianjin Haiguang Pharmaceutical Co.,Ltd
Salinen
SSP Pvt Limited
Cargill
K+S
US salt
Nouryon

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

API-NaCl
HD-NaCl

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

Injections
Hemodialysis
Oral Rehydration Salts
Osmotic Agent
Other

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)