The global is expected to grow at a CAGR of 4.4% during 2016 - 2022. The major factors driving the growth of the global market include increased salt consumption and its application in various chemical manufacturing industries, and the growth of fertilizer and agrochemicals industries. Inorganic salts are utilized in a number of industries. Chemical manufacturing is by far the largest market for inorganic salts. The industry which produces chlor alkali and synthetic soda ash uses salts as their primary feedstock. Salts, such as magnesium oxide are used in pharmaceutical industries as an antacid and also in cement manufacturing industry as epsom salt.
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The research in biotechnology is opening new avenues for inorganic salts. Inorganic salts are used as reagent in modern biotechnological devices, such as High Pressure Liquid Chromatography. Biotechnology is expected to open new areas of opportunity for the market of inorganic salts. Some form of sulphides, such as selenium sulphides are lately being used in cosmetic industry for formulating anti dandruff products
However, the toxic nature of some of the salts is restraining the growth of the market for inorganic salts. Alkyl halides, such as chloroform and chloro fluorocarbon are responsible for ozone layer depletion, and thus considered environmentally hazardous.
In addition, the Indian sub-continent is a major producer of generic drugs, which uses inorganic salts for medicines. Some countries in Europe are using acetate inorganic salts to produce fashion apparel, home furnishing, dress lining, and upholstery. A country in Middle-East and the U.S. uses sulphates for chemical processing. Countries with large population, such as Brazil, Argentina, India, and China are the major consumers of inorganic salts.
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Some of the major players operating in the global inorganic salts market include Eastman Chemical company, Hebei Yatai Electrochemistry Co. Ltd., Behn Meyer, Lanxess AG, Otsuka Chemical Co. Ltd., Arkema SA, Thermo Fisher Scientific Inc., Loba Chemie, and others
GLOBAL INORGANIC SALTS MARKET SEGMENTATION
The research in biotechnology is opening new avenues for inorganic salts. Inorganic salts are used as reagent in modern biotechnological devices, such as High Pressure Liquid Chromatography. Biotechnology is expected to open new areas of opportunity for the market of inorganic salts. Some form of sulphides, such as selenium sulphides are lately being used in cosmetic industry for formulating anti dandruff products
However, the toxic nature of some of the salts is restraining the growth of the market for inorganic salts. Alkyl halides, such as chloroform and chloro fluorocarbon are responsible for ozone layer depletion, and thus considered environmentally hazardous.
In addition, the Indian sub-continent is a major producer of generic drugs, which uses inorganic salts for medicines. Some countries in Europe are using acetate inorganic salts to produce fashion apparel, home furnishing, dress lining, and upholstery. A country in Middle-East and the U.S. uses sulphates for chemical processing. Countries with large population, such as Brazil, Argentina, India, and China are the major consumers of inorganic salts.
Access Full Report: https://www.psmarketresearch.com/market-analysis/inorganic-salts-market
Some of the major players operating in the global inorganic salts market include Eastman Chemical company, Hebei Yatai Electrochemistry Co. Ltd., Behn Meyer, Lanxess AG, Otsuka Chemical Co. Ltd., Arkema SA, Thermo Fisher Scientific Inc., Loba Chemie, and others
GLOBAL INORGANIC SALTS MARKET SEGMENTATION
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