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The global salt market is expected to grow from $26.98 billion in 2021 to $28.36 billion in 2022 at a compound annual growth rate (CAGR) of 5.1%. The global salt mining market size is expected to grow to $30.78 billion in 2026 at a compound annual growth rate (CAGR) of 2.1%.

The growth in the salt mining market is due to the increasing demand for mining in North America.

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The salt mining market consists of sales of salt by entities (organizations, sole traders, and partnerships) that are used to mine salt, including through the process of extraction of halite, commonly known as rock salt, from evaporating formations.

Global Salt Market Segments Include:

By Type: Rock Salt, Salt in Brine, Solar Salt, and Vacuum Pan Salt

By Mining Type: Underground Mining, Surface Mining

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global salt market in 2021.

Salt mining companies are utilizing multipurpose mining equipment to extract rock salt from an underground deposit. This equipment enables mining companies to control carbon emissions underground and increase productivity with reduced costs, which is the major trend in the salt mining market.

TBRC’s Salt Market Report Covers:

Major Market Players: China National Salt Industry Corporation (Cnsic), AkzoNobel N.V, Infos, K+S, and Rio Tinto Plc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Salt Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides salt market overviews, analyzes and forecasts market size, share, salt market players, salt market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s salt market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Mining Global Market Report 2022

General Minerals Global Market Report 2022

Stones Global Market Report 2022

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