Inorganic Salts Market Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.
Los Angeles, CA -- (SBWIRE) -- 12/04/2019 -- The global Inorganic Salts market is likely to benefit from growing demand from end-user industries including agriculture, agrochemical, chemical manufacturing, healthcare, and construction. Inorganic Salts are available in different forms including crystals, granules, powder, pellets, and lumps for various applications. Additionally, they differ from each other in respect of chemical and physical properties. Usage of Inorganic Salts as an antacid is increasing in the pharmaceutical industry. The agriculture industry makes use of Inorganic Salts to enhance the nutrient content and raise the overall productivity.
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Manufacturers to Introduce Inorganic Pharmaceutical Salts to Meet the Growing Demand
Eastman Chemical Company, Behn Meyer, Hebei Yatai Electrochemistry Co., Ltd., Lanxess AG, Arkema SA, Thermo Fisher Scientific Inc., Otsuka Chemical Co Ltd, and Loba Chemie are some of the key manufacturers studied in this report. Key players are coming up with novel inorganic pharmaceutical salts to meet the growing demand of the pharmaceutical industry.
Market Segmentation
By Product Type
? Ammonium salts
? Sodium salts
? Calcium salts
? Magnesium salts
? Potassium salts
? Others
By Application
? Chemical
? Food
? Fertilizer
? Construction
? Healthcare
? Others
The market researchers have anticipated that the demand for calcium salts is expected to increase in the coming years. Magnesium salts are expected to gain traction as an antacid and Epsom salt in the pharmaceutical and cement manufacturing industries, respectively.
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Biotechnology to Open Growth Opportunities for the Inorganic Salts Market
Biotechnology is expected to open up novel avenues for the Inorganic Salts market. Furthermore, extensive research in chemicals is also likely to foster the Inorganic Salts market growth. Surge in the demand for Inorganic Salts among various end-user industries such as agriculture, agrochemical, healthcare, and construction is one of the key factors driving the Inorganic Salts market. Inorganic Salts are gaining widespread application in the chemical manufacturing industries.
By Region
Surge in the utilization of agrochemicals and fertilizers in farming in countries such as China and India could support the Inorganic Salts market growth in Asia Pacific. China is considered one of the largest consumers of Inorganic Salts, particularly due to its well-established chemical industry. This is eventually influencing the Asia Pacific market growth to a great extent. Developed healthcare industry in North America is driving the demand for Inorganic Salts, thereby boosting the Inorganic Salts market growth. Europe is also likely to emerge as a lucrative regional market in the years to come.