Market Overview:
The global rock salt market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for de-icing and food grade rock salt across the globe. In terms of type, the food grade segment is projected to grow at a higher CAGR than the industrial grade segment during the forecast period. The growth in this segment can be attributed to rising demand for processed foods and increase in awareness about health benefits of consuming processed foods. In terms of application, de-icing is projected to hold a larger share of the global rock salt market during 2018–2030 owing to its growing use in cold regions for melting snow and ice on roads, railways, airports, etc., thereby reducing accidents caused by slippery surfaces. However, with increasing awareness about health hazards associated with using chemical-based de-icers such as sodium chloride (table salt), potassium chloride (rock salt substitute), magnesium chloride (ice melt), etc., natural or organic based de-icers are gaining popularity among consumers across various geographies.
Product Definition:
Rock salt is a type of salt that is usually made up of sodium chloride. It is used in many different ways, including as a food additive and as a de-icing agent.
Food Grade:
Food grade is the standard used for food & beverage processing. It has a wide range of applications in dairy, meat and processed food industries. The global demand for packaged foods is increasing rapidly owing to changing lifestyle and habits of consumers which in turn is expected to drive the overall market over the forecast period.
The growth factor associated with this product includes its usage in various end-use industries such as dairy, bakery & confectionery, meat processing.
Industrial Grade:
Industrial grade is the purest form of halite or rock salt which has been extracted from mines through a process called as in-situ mining. It contains no additives and is unadulterated by any other substance. The product finds its major application in road construction, mining operations, and water treatment industries.
The global demand for industrial grade rock salt was estimated at 587 kilotons in 2016.
Application Insights:
The de-icing segment dominated the global market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to extensive use of rock salt across roadways during winters in various parts of North America and Europe. Rock salt is preferred over other types of anti-icing chemicals due to its effectiveness at a lower temperature and less consumption, thereby reducing environmental impact as compared to chemical anti-icing products.
De-icers are primarily used on roads during winters when temperatures plummet below freezing point causing ice formation on roads which leads to traffic congestion because vehicles get stuck due to lack of visibility caused by heavy snowfall or rain showers.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing industrialization, urbanization, and rising disposable income levels in developing countries such as India, China, Indonesia, Philippines among others. Moreover, growing food production coupled with increasing population has led to an increase in demand for de-icing solutions across this region which will further boost industry growth.
The Middle East & Africa is anticipated to witness significant growth over the next eight years owing to rapid development of industries including oil & gas exploration and mining across this region.
Growth Factors:
- Increasing demand for Rock Salt in food and beverage industry as a preservative and flavoring agent.
- Growing use of Rock Salt in the production of soaps, detergents, and other cleaning products.
- Rising demand for Rock Salt from the construction sector for de-icing purposes during winter season.
- Increasing application of Rock Salt in water treatment plants to reduce corrosion rates and improve water quality parameters .
Scope Of The Report
Report Attributes
Report Details
Report Title
Rock Salt Market Research Report
By Type
Food Grade, Industrial Grade
By Application
De-Icing, Food Use, Agriculture, Others
By Companies
Mid American Salt LLC, Santader Salt, Morton Salt, Compass Minerals, American Rock Salt, Detroit Salt Company, Multi Rock Salt, Natural Salt, Cargill, Gunther Salt, Mid American Salt LLC, SANKH, Jiangsu Jingshen, Gama, NE Rock
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Rock Salt Market Report Segments:
The global Rock Salt market is segmented on the basis of:
Types
Food Grade, Industrial Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
De-Icing, Food Use, Agriculture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mid American Salt LLC
- Santader Salt
- Morton Salt
- Compass Minerals
- American Rock Salt
- Detroit Salt Company
- Multi Rock Salt
- Natural Salt
- Cargill
- Gunther Salt
- Mid American Salt LLC
- SANKH
- Jiangsu Jingshen
- Gama
- NE Rock
Highlights of The Rock Salt Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Industrial Grade
- By Application:
- De-Icing
- Food Use
- Agriculture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rock Salt Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rock salt is a mineral composed of sodium and potassium chloride. It is mined from underground deposits, where it is heated until the water vaporizes, leaving the minerals behind as rock salt.
Some of the major companies in the rock salt market are Mid American Salt LLC, Santader Salt, Morton Salt, Compass Minerals, American Rock Salt, Detroit Salt Company, Multi Rock Salt, Natural Salt, Cargill, Gunther Salt, Mid American Salt LLC, SANKH, Jiangsu Jingshen, Gama, NE Rock.
The rock salt market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rock Salt Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Rock Salt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rock Salt Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Rock Salt Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Rock Salt Market Size & Forecast, 2020-2028
4.5.1 Rock Salt Market Size and Y-o-Y Growth
4.5.2 Rock Salt Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Industrial Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 De-Icing
6.2.2 Food Use
6.2.3 Agriculture
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rock Salt Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rock Salt Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Industrial Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 De-Icing
9.10.2 Food Use
9.10.3 Agriculture
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Industrial Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 De-Icing
10.10.2 Food Use
10.10.3 Agriculture
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Industrial Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 De-Icing
11.10.2 Food Use
11.10.3 Agriculture
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Industrial Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 De-Icing
12.10.2 Food Use
12.10.3 Agriculture
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Industrial Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 De-Icing
13.10.2 Food Use
13.10.3 Agriculture
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rock Salt Market: Competitive Dashboard
14.2 Global Rock Salt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mid American Salt LLC
14.3.2 Santader Salt
14.3.3 Morton Salt
14.3.4 Compass Minerals
14.3.5 American Rock Salt
14.3.6 Detroit Salt Company
14.3.7 Multi Rock Salt
14.3.8 Natural Salt
14.3.9 Cargill
14.3.10 Gunther Salt
14.3.11 Mid American Salt LLC
14.3.12 SANKH
14.3.13 Jiangsu Jingshen
14.3.14 Gama
14.3.15 NE Rock
