Global Market Study on Vacuum Salt: Growing Demand being Witnessed for High-purity and Application-specific Vacuum Salt


Vacuum Salt  Market
  • Published On : Feb-2020 |
  • Pages : 270 Pages |
  • Format : Vacuum Salt  Market Vacuum Salt  Market Vacuum Salt  Market Vacuum Salt  Market

Vacuum salt is made using the vacuum evaporation process, which is one of the safest and high-quality production processes in the salt industry. Salt is a key ingredient in the food and beverage industry. With increasing awareness about health and health beneficial ingredients, consumers demand safer and purer ingredients in food and beverage products as well as for household uses. Manufacturers of food and beverage products also seek the best possible salt for manufacturing their products. Vacuum salt acts as a flavoring agent and improves the taste and flavor of food and beverage products. These factors are bolstering the growth of the global vacuum salt market.

Rising Demand for Vacuum Salt from Chemical Industry to Boost Sales

Salt is one of the essential components in the production of all kinds of products and solutions. High chemical purity is required for most industrial applications. According to USFDA, 60% of all salt is consumed by the chemical industry. Vacuum salt is one of the purest forms of salt, with highly soluble characteristics, and can be easily mixed with any chemical component. Low sulfate, bromide, and moisture levels contribute to the high chemical purity of vacuum salt. There is increasing production of chemicals such as fluorinated chemicals, antimicrobials, flame retardants, organic solvents, and certain metals. Thus, players in the vacuum salt market are targeting this industry to obtain high profits.

Preference for Use of Vacuum Salt in Feed Production to Propel Market Growth

Salt is an essential element in creating balanced feed for animals, as they require salt in specific amounts to ensure the proper functioning of their metabolism and essential biological pathways. Conventionally, inexpensive salts such as rock salt and other low-grade salts are used for feed production. However, recent restrictions regarding the purity of feed ingredients, globally, have made feed manufacturers shift to the use of high-quality feed ingredients for the targeted livestock. Ruminants are the major consumers of salt-based feed, as sodium is essential for high-quality milk production. This is expected to encourage feed manufacturers to opt for vacuum salt over inexpensive salts in order to gain an advantage over competitors in terms of quality and results.

Regional Landscape of Global Vacuum Salt Market

Europe has a well-established food and beverage industry. Consumers in European countries are highly aware of food products and ingredients, and seek high-purity vacuum salt for household use instead of rock salt. This demand is also witnessed by manufacturers of food & beverage products. Key players are witnessing strong demand for high-purity vacuum salt from the pharmaceutical industry in the European region. Thus, the demand for high-purity vacuum salt is increasing at a rapid pace in the European region.

  • AkzoNobel’s Specialty Chemicals business plans to expand its high-purity salt production in the Netherlands to meet the increasing demand from Europe for high-purity vacuum salt. The company began work on this plant in 2018, and it is expected to start operations by 2021.

Africa has the highest prevalence of malnutrition, and around 350 million people are at the risk of iodine deficiency, according to the World Health Organization. Governments and agencies in the region have used iodized salt to address this deficiency in the population. This trend is expected to lead to players in the vacuum salt market in the region improving their sales over the forecast period.

Analysts’ Viewpoint

The global vacuum salt market is witnessing moderate growth. South Asia and East Asia are anticipated to register the highest growth during the forecast period, while East Asia remains the top producer as well as consumer in the global vacuum salt market. The increasing number of food & beverage and chemical manufacturers are contributing to the growth of the global vacuum salt market, as these two industries are the major end users of vacuum salt.

Vacuum Salt Market: Scope of the Report

The latest report by Persistence Market Research on the global vacuum salt market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global vacuum salt market for the forecast period of 2019-2029. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global vacuum salt market. This market study contains exclusive insights into how the global vacuum salt market is anticipated to grow over the forecast period.

The primary objective of the global vacuum salt market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with vacuum salt. It is very important to consider that in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for overall forecast, enabling readers to better understand the analysis and evaluation of the global vacuum salt market, and to discover lucrative opportunities in the market.

This study on the global vacuum salt market also provides an estimate of the global vacuum salt market size and corresponding revenue forecast carried out in terms of absolute $ opportunity. It also offers actionable insights based on future trends in the vacuum salt market. Furthermore, new and emerging players in the global vacuum salt market can make use of the information presented in the study to make effective business decisions, which will provide momentum to their businesses and the vacuum salt market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global vacuum salt market. All stakeholders in the global vacuum salt market, as well as industry experts, journalists, and business researchers can leverage the information and data represented in PMR’s study.

Key Segments of Global Vacuum Salt Market

PMR’s study on the global vacuum salt market offers information categorized into four key segments - end use, application, type, and region.

End User

Application

Type

Region

Households

Water Softeners & Water Treatment

Granular

North America

Industrial

  • Chemicals
  • Food
  • Oil & Textiles
  • Pharmaceuticals
  • Others

De-icing

Fine

Latin America

Anticaking

Briquette

Europe

Flavoring Agents

South Asia

Others

East Asia

Oceania

Middle East & Africa

Key Questions Answered in PMR’s Global Vacuum Salt Market

  • Which region will hold the highest market share in the global vacuum salt market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global vacuum salt market?
  • Which are the global trends impacting the vacuum salt market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the vacuum salt market?
  • What is the market structure of the global vacuum salt market?

Global Vacuum Salt Market: Research Methodology

PMR is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology in the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global vacuum salt market and reach conclusions about the future growth factors of the vacuum salt market. The research methodology uses primary research methods coupled with secondary research methods, which ensure the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions, i.e. North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include-

  • Primary Research
  • Secondary Research
  • Trade Research

Companies covered in Vacuum Salt Market Report

  • K+S Aktiengesellschaft
  • CIECH S.A.
  • Tata Chemicals Ltd.
  • AkzoNobel N.V.
  • Suedwestdeutsche Salzwerke AG 
  • INEOS Group Limited 
  • Dominion Salt Limited 
  • Cerebos Ltd 
  • Cheetham Salt Group 
  • ACI Limited 
  • WA Salt Group
  • Infosa
  • Nirma Limited
  • Zoutman NV
  • BGR International Ltd.
  • Australian Saltworks
  • Ab Hanson & Möhring
  • Anjaneya Salts

 

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