USD 213.52 billion
Report ID:
SQMIG15B2155 |
Region:
Global |
Published Date: April, 2025
Pages:
183
|Tables:
126
|Figures:
70
Global Inorganic Salts Market size was valued at USD 213.52 billion in 2023 and is poised to grow from USD 228.89 billion in 2024 to USD 399.2 billion by 2032, growing at a CAGR of 7.2% during the forecast period (2025-2032).
Rapid expansion of agricultural sector, high use of inorganic salts in industrial applications, growing demand for water treatment, and expansion of food industry are emerging as key market drivers.
Extensive use of fertilizers containing inorganic salts like ammonium sulfate, potassium chloride, and calcium nitrate in agriculture to improve yields is the primary driver. Use of inorganic salts as an essential raw material and intermediate in numerous industrial processes including glass manufacturing, ceramics, water treatment, and chemical synthesis is also slated to promote inorganic salts market growth. Innovations in the synthesis and purification of inorganic salts have improved their quality, yield, and environmental footprint.
On the contrary, environmental and health hazards, volatility in raw material pricing, availability of organic alternatives, and regulatory compliance challenges are estimated to hamper the demand for inorganic salts on a global level through 2032 and beyond.
How Startups are Innovating with Inorganic Salts?
While there are multiple uses of inorganic salts, startups have been exploring new use cases to stand out from the competition. One such use case is thermal energy storage systems that utilize inorganic salts to store energy. Multiple startups are expected to focus on this trend to boost revenue generation, here is one startup that is making strides in this application.
Market snapshot - 2025-2032
Global Market Size
USD 213.52 billion
Largest Segment
Warm/Hot Mix
Fastest Growth
Cold Mix
Growth Rate
7.2% CAGR
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Global Inorganic Salts Market is segmented by Salt Type, Application, End Use Industry and region. Based on Salt Type, the market is segmented into Sodium Salts, Potassium Salts, Calcium Salts, Magnesium Salts, Ammonium Salts and Others. Based on Application, the market is segmented into Agriculture, Pharmaceuticals, Food Industry, Cement, Rubber Processing, Explosives, Cosmetics and Personal Care and Others. Based on End Use Industry, the market is segmented into Agriculture, Pharmaceuticals, Food, Cement, Rubber Processing, Explosives, Cosmetics and Personal Care and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Food-grade inorganic salts are estimated to spearhead the sales potential in the global inorganic salts industry going forward. Use of sodium salts to intensify flavor in foods and beverages is helping this segment boost its dominant stance. Use of inorganic salts as reducing agents and preservatives in the food industry is also opening up new avenues of opportunities for food-grade inorganic salt suppliers. Rapid expansion of the food and beverage industry backed by high disposable income of people is also slated to further bolster the high share of this segment.
The demand for industrial-grade inorganic salts is slated to rise at a notable pace across the study period. High use of inorganic salts in chemical manufacturing, agriculture, and water treatment is helping generate new business scope via this segment. Advancements in industrial processing could also promote the uptake of industrial-grade inorganic salts.
Sodium salt segment is forecasted to hold the largest global inorganic salts market share in the future. Extensive application scope of sodium salts in multiple industry verticals is helping this segment hold sway over others. Use of sodium salts in ice and snow removal, water conditioning, chlorine synthesis, pharmaceutical manufacturing, and fertilizers are also driving revenue generation. Use of sodium salts in abrasive machining applications is also expected to further cement the dominance of this segment.
Meanwhile, sales of calcium salt are anticipated to rise at an impressive CAGR over the coming years. Calcium salt is used in the construction industry to improve frost resistance and fasten the hardening process. Use of calcium salts in beverages as electrolytes are also slated to create new opportunities going forward.
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Surge in demand for agrochemicals in this region is projected to primarily influence the adoption of inorganic salts over the coming years. Growing production of fertilizers in the Asia Pacific region make it the fastest-expanding region in the world. High emphasis on improving agricultural output, growing industrialization, and high demand for water treatment are other factors influencing growth in this region.
Robust chemical and electronics manufacturing activity in China is helping it emerge as the dominant country for inorganic salt suppliers. Growing emphasis on improving agricultural output and high demand for energy storage solutions are also slated to boost the sales of inorganic salts in the future. Potassium and ammonium salts are slated to be highly popular in the country for agricultural use.
India is a majorly agriculture-driven economy, which automatically makes it a lucrative country for inorganic salt vendors. Growing urbanization in the country and high demand for water treatment are also expected to uplift the sales of inorganic salts going forward. High chemical manufacturing and loose regulations are also anticipated to favor inorganic salt adoption in India.
High acceptance and demand for inorganic salts containing nitrates are helping North America emerge as a leader on a global level. Growing spending on military & defense industry and utilization of inorganic salts in production of explosives is also helping in business scope expansion. High demand for packaged food products is also slated to promote the adoption of inorganic salts going forward.
Presence of a developed pharmaceutical and healthcare industry allows United States to spearhead inorganic salt demand in this region. Pharmaceutical-grade salts such as magnesium sulfate and sodium chloride are estimated to be highly popular in the country. Investments in the R&D of novel energy storage and battery technologies are also slated to create new opportunities for inorganic salt providers through 2032.
Canada is home to some of the most expansive rich mineral reserves thereby promote the use of inorganic salts in metallurgy and chemical processing. The use of inorganic salts as a de-icing agent in the country is also slated to make it the fastest-growing market in North America. Use of inorganic salts in water treatment and fertilizer production is also expected to boost revenue generation over the coming years.
Sustainability is expected to emerge as a key driver for inorganic salts sales in the European region going forward. Rise in sales of electric vehicles, adoption of advanced energy storage systems, and high presence of top chemical and pharmaceutical manufacturers are helping create new business scope for companies operating in this region.
Surge in demand for sustainable packaging and packaged food products are anticipated to promote market growth in the United Kingdom. Imposition of stringent water quality standards and emphasis on compliance are also boosting the adoption of inorganic salts in the country.
Robust increase in sales and adoption of electric vehicles is projected to boost the sales of lithium, sodium, and related inorganic salts in the country going forward. Stringent farming regulations to ensure use of safe products for soil nutrition are also expected to favor the demand for inorganic salts in this country. Adoption of green manufacturing practices in the chemical industry are also slated to boost sales of inorganic salts in the long run.
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High Use in Pharmaceutical Industry
High Demand for Water Treatment
Volatile Raw Material Prices
Availability of Organic Alternatives
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Inorganic salt providers should focus on agriculture and food industries to maximize their revenue in the long run. Finding new applications for inorganic salts across multiple industry verticals is also a key trend that will help companies uplift their sales. Battery technology and energy storage are slated to be prime applications where the use of inorganic salts is slated to rise rapidly across the study period as per this global inorganic salts market analysis.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing use of inorganic salts in water treatment and pharmaceutical industry are expected to drive market development going forward. However, volatile raw material prices and availability of organic alternatives are expected to slow down the sales of inorganic salts in the future. North America is forecasted to emerge as the leading market for inorganic salts providers owing to high demand for packaged food products and growing use of inorganic salts in military applications. localization of supply chains and use of inorganic salts in energy storage are slated to present lucrative opportunities in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 213.52 billion |
Market size value in 2032 | USD 399.2 billion |
Growth Rate | 7.2% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Inorganic Salts Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Inorganic Salts Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Inorganic Salts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Inorganic Salts Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Inorganic Salts Market size was valued at USD 129.8 Billion in 2023 and is poised to grow from USD 136.03 Billion in 2024 to USD 197.94 Billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).
Inorganic salt providers should focus on agriculture and food industries to maximize their revenue in the long run. Finding new applications for inorganic salts across multiple industry verticals is also a key trend that will help companies uplift their sales. Battery technology and energy storage are slated to be prime applications where the use of inorganic salts is slated to rise rapidly across the study period as per this global inorganic salts market analysis. 'Merck KGaA', 'Thermo Fisher Scientific Inc.', 'Emerald Performance Materials', 'Lanxess', 'Eastman Chemical Company', 'LobaChemie Pvt. Ltd.', 'BEHN MEYER', 'Otsuka Chemical Co., Ltd.', 'Lenntech', 'Arkema', 'GFS Chemicals Inc.', 'Pro Chem Inc', 'Hunter Chemical LLC'
Inorganic salts are widely used in the pharmaceutical sector as active ingredients, excipients, and pH regulators. Compounds like magnesium sulfate and sodium chloride are essential in intravenous fluids, wound care, and drug formulations. Surge in chronic diseases had led to a major upsurge in demand for pharmaceutical formulations, which in turn is driving the global inorganic salts market outlook.
Use in Energy Storage and Battery Technologies: Inorganic salt companies can focus on utilizing their offerings in thermal energy storage and battery technologies. Inorganic salts, such as lithium carbonate, sodium nitrate, and potassium hydroxide are expected to be highly popular in electric applications over the coming years. Rapidly increasing investments in R&D of novel battery and energy storage technologies are also making this a key inorganic salts market trend for companies in the long run.
What Drives the Sales of Inorganic Salts in the Asia Pacific?
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Report ID: SQMIG15B2155
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