The inorganic salts market growth is propelled by factors such as the surging demand for agrochemicals, increasing mineral salt consumption by various end-user industries, and evolving chemical sector. Owing to these growth drivers, the market is expected to advance at a CAGR of 4.4% during the forecast period (2016–2022). Inorganic salts are used in the production of ceramics, paints, paper, fertilizers, rubber, and pharmaceutical products. Additionally, these salts are used in small quantities in animal feed as a catalyst, as well as in fire retardants and sulfur absorbents.
Inorganic Salts Market
Inorganic salts are available in the form of oxides, fluorides, silicates, acetates, halides, carbonates, nitrates, hypochlorites, phosphates, sulfides, and chlorides. Based on their characteristics, these salts are used for specific purposes across industries. For example, phosphates, silicates, and carbonates are used in the production of fertilizers, glass, and construction materials, respectively. Calcium salts, ammonium phosphate, nitrates, and zinc salts are used in fertilizer production, as they offer exceptional properties of enhancing soil nutrients. Likewise, Zinc oxide plays a pivotal role in the vulcanization of rubber during rubber processing.
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On account of the wide usage area of these chemicals, the application segment of the inorganic salts market is categorized into chemical, fertilizer, food, healthcare, construction, and others. Under this segment, the chemical category generated the highest revenue in 2015, and it is expected to maintain its dominance throughout the forecast period. This can be ascribed to the usage of caustic soda and sodium carbonate for the production of paper, glass, and numerous important chemicals. Apart from this, several inorganic salts are used in de-icing and anti-icing products.
Moreover, the application of inorganic salts is increasing in the biotechnology, pharmaceutical, and cosmetics industries. These salts are utilized as reagents in modern biotechnology processes, such as pressure liquid chromatography. Besides, the increasing research and development (R&D) in the biotechnology field will drive the application of inorganic salts in the future. Furthermore, inorganic compounds, primarily magnesium oxide, are used as antacids in the pharmaceutical sector. Besides, multiple forms of sulfides, including selenium sulfide, find a wide application in the production of anti-dandruff products.
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