The global Solar Salt market was valued at US$ 7156.6 million in 2020 and it is expected to reach US$ 8731.2 million by the end of 2027, growing at a CAGR of 0.9% during 2021-2027.
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.
In the global market, the core manufacturers of solar salt include Rio Tinto, K+S, Mitsui and Cargill etc, and the top 4 manufacturers account for above 20% of the market share. The market include Asia Pacific, Europe and North America, with a share of 52%, 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 67% and 20%.
Global Solar Salt Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Solar Salt Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Rio Tinto, K+S, Mitsui, Cargill, Tata, Shandong Haihua, Shandong Chengyuan, Compass Minerals, Shandong Weifang Longwei, Nirma, Huitai Group, Luyan Group, CK Life Sciences, Shandong Dadi Salt Chemical, Dongying Salt Chemical, Shandong Wudi Haifeng, Dalian Salt Chemical, Lubei Chemical, Cimsal, Shandong Binhua Haiyuan Salt Chemical, Shouguang Weidong Chemical, United Salt, Krystalline Salt and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-solar-salt-market-outlook
Segment by Type
- Sea Water
- Underground Brine
Segment by Application
Table of Content:
1 Solar Salt Market Overview
2 Solar Salt Market Competition by Manufacturers
3 Solar Salt Retrospective Market Scenario by Region
4 Global Solar Salt Historic Market Analysis by Type
5 Global Solar Salt Historic Market Analysis by Application
6 Key Companies Profiled
7 Solar Salt Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Solar Salt Market Dynamics
10 Global Solar Salt Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.