Inorganic Salts Market Forecasted for Major Expansion by 2031 | LANXESS AG, Otsuka Chemical Co., Ltd

Increase in usage of dietary supplements and rise in applications of inorganic salts drive the growth of the global inorganic salts market.

WILMINGTON, DE, UNITED STATES, January 15, 2025 /EINPresswire.com/ -- Allied Market Research has published a report titled “Inorganic Salts Market by Insulation Material (Sodium Salts, Magnesium Salts, Calcium Salts, Potassium Salts, and Ammonium Salts) and End-use Industry (Agriculture, Pharmaceuticals, Construction, Rubber Processing, Food, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” The report highlights that the global inorganic salts market, valued at $92.2 billion in 2020, is projected to reach $150.7 billion by 2030, growing at a CAGR of 5.1% from 2021 to 2030.

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Market Drivers and Opportunities

- Growth Drivers: Increased use of dietary supplements and the broadening applications of inorganic salts.
- Challenges: Environmental and health concerns limit growth potential.
- Opportunities: Rising demand for antacids offers lucrative market prospects.

Segment Highlights

By Type:

- Sodium Salts: Dominated in 2020, accounting for nearly 60% of the market, owing to their extensive industrial applications.
- Calcium Salts: Expected to grow at the fastest CAGR of 5.9% due to their vital role in bone health.

By Application:

- Agriculture: Held over 40% of the market share in 2020, driven by the use of inorganic salts in enhancing soil nutrients.
- Pharmaceuticals: Anticipated to register the highest CAGR of 6.0%, fueled by the need for stable and bioavailable sodium salts in medicines.

Regional Insights

- Asia-Pacific: Leading market in 2020, with over 40% share, followed by North America. The region is also forecasted to grow at the highest CAGR of 5.6%, driven by robust demand from China, India, and ASEAN countries.

Key Market Players

- Eastman Chemical Company
- BEHN MEYER
- GFS Chemicals, Inc.
- Lanxess
- Lenntech
- LobaChemie Pvt. Ltd.
- Merck KGaA
- Otsuka Chemical Co., Ltd.
- Emerald Performance Materials
- Thermo Fisher Scientific Inc.

This report provides detailed insights into market trends, challenges, and growth opportunities, enabling stakeholders to make informed decisions.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/inorganic-salts-market/purchase-options

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