Global Inorganic Salts Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. Inorganic salt is one that does not contain C-H bonds as opposed to an organic salt that contains C-H bonds. One of the most commonly known salt is sodium chloride, which is a chemical compound comprised of sodium and chloride ions. The increase in the consumption of nutritious food products, increased use in pharma industry has led to the adoption of Inorganic salts across the forecast period.
For Instance: According to the Indian Economic Survey 2021, the domestic market is expected to grow 3x in the next decade. India’s domestic pharmaceutical market is estimated at USD 42 billion in 2021 and likely to reach USD 65 billion by 2024 and further expand to reach US$ 120-130 billion by 2030. Also, with the expanding healthcare industry, the adoption & demand for Inorganic salts is likely to increase the market growth during the forecast period. However, toxicity associated with inorganic salts impedes the growth of the market over the forecast period of 2022-2028.
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The key regions considered for the Global Inorganic Salts Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the widespread use of inorganic salts as an antacid in the pharmaceutical industry. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as increase in the consumption of nutritious food products due to the evolving dietary habits would create lucrative growth prospects for the Inorganic Salts market across Asia-Pacific region.
Major market players included in this report are:
Arkema
Merck KGaA
Thermo Fisher Scientific Inc.
Emerald Performance Materials
Laxness
Eastman Chemical Company
Loba Chemie Pvt. Ltd
Behn Meyer
Otsuka Chemical Co., Ltd
Lenntech
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Sodium Salts
Magnesium Salts
Calcium Salts
Potassium Salts
Ammonium Salts
Others
By Application:
Agriculture
Pharmaceuticals
Cement
Rubber Processing
Food
Others
By Region:
North America
U.S.
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Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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