The report "Industrial Salt Market by Source (Rock Salt, Natural Brine), Manufacturing Process (Conventional Mining, Vacuum Evaporation, Solar Evaporation), Application (Chemical Processing, De-Icing, Water Treatment, Oil & Gas), and Region - Global Forecast to 2022", The industrial salt market was valued at USD 12.70 Billion in 2016 and is projected to reach USD 14.93 Billion by 2022, at a CAGR of 2.8% from 2017 to 2022. The growth of the industrial salt market is driven by the increased demand for industrial salt in the chemical processing, de-icing, water treatment, oil & gas and agricultural applications.
The rock salt source segment is projected to be the larger segment of the industrial salt market during the forecast period from 2017 to 2022. The growth of the rock salt segment of the market can be attributed to the presence of various salt mines across the globe. Rock salt deposits can be effectively mined using conventional mining techniques or the solution mining process.
