Vacuum Salt Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 12/07/2016 -- Since vacuum salt is the purest form of salt as compared to rock salt and solar salt, a new study by Transparency Market Research finds that the preference among consumers is swiftly shifting towards it and propelling its demand. The report, titled "Vacuum Salt Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024," also observes that the U.S. is the most prominent manufacturer of vacuum salt while several other countries are quickly catching up, both in terms of demand as well as production.
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The report has been prepared with the sole goal of presenting an in-depth analysis of the global market for vacuum salt in the current scenario and offers details pertaining to the revenues of various segments, share of key players and their strategies, and the competitive landscape. It also explores all the driving as well as restraining factors that are primed to influence the vacuum salt market during the best part of the next decade. The report also highlights the emerging trends in the market to provide opportunities for existing and new players and help them gain an edge over their competitors.
Vacuum salt is 99.9% pure sodium chloride, while solar salt and rock salt contains 99% purity. The TMR report observes that this slender difference is enough for vacuum salt to gain popularity among health-conscious consumers. Vacuum salt is also gaining popularity among players in the food industry who are constantly striving to offer quality products to their customers and gain market share. It has also been detected that the growth in chemical manufacturing is further propelling the demand for vacuum salt, particularly in the emerging economies of Asia Pacific such as China and India. Livestock is another significant segment of salt consumption. Vacuum salt also finds application in other industries such as oil drilling, dyeing, and detergent and washing powder.
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Conversely, the efficiency of energy consumed during the extraction of vacuum salt has been identified as the most prominent restraint on the growth of the global market. There are stringent government regulations for energy efficiency, which is ideally met by the evaporation process for the extraction of vacuum salt and often reused in the manufacturing process. However, rock salt mining and refining require significantly less energy than evaporated salt. As a result, innovative methods for constant monitoring and processes to maximize energy efficiency is seen as an opportunity in the global market for vacuum salt.
Some of the prominent players in the global market for vacuum salt are Tata Chemicals Limited, British Salt, European Salt Company, AkzoNobel (Jozo Salt), Italkali, Atisale S.p.A, Cargill, Ineos Salt, Amra Salt, and Wilson Salt Ltd. The report finds that there are many small-scale manufacturers of vacuum salt in Asia Pacific.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.