Asia-Pacific’s salt mining market accounts for the largest share in the global salt mining market.
The salt mining market consists of sales of salt by entities (organizations, sole traders and partnerships) that mine salt, including through the process of extraction of halite commonly known as rock salt from evaporating formations. Major players in the global salt mining market include China National Salt Industry Corporation (CNSIC), Akzonobel N V, Infos, K+S, Rio Tinto Plc.
China National Salt Industry Corporation, abbreviated as China Salt, is a state-owned enterprise of China that controls a monopoly over the management and production of edible salt. The pricing of salt is set uniformly at a national level by China Salt, which centrally makes all decisions regarding market pricing. The company employs 48,476 workers, and controls assets worth about 44 billion yuan as of 2011. China Salt’s subsidiary, China National Salt Industry Co., Ltd. is a joint-stock company with limited liabilities, which would be the SPV to list most of the assets of the group on stock exchange.
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The salt mining market is expected to reach a value of nearly $30 billion by 2022, significantly growing at a growth rate of about 0.1% during the forecast period. The growth in the salt mining market is due to the increasing demand for mining in North America.
However, the market for salt mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues, and safety.
Salt mining companies are utilizing multipurpose mining equipment to extract rock salt from an underground deposit. This equipment enables mining companies to control carbon emissions underground and increase productivity with reduced cost, is the major trend in the salt mining market
With an increase in positive economic outlook, improved earning capacity, emerging market growth, the scope and potential for the global salt mining market is expected to significantly rise in the forecast period.
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Few Points from Table of Contents:
4. Salt Mining Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Salt Mining Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Salt Mining Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Salt Mining Market Trends And Strategies
8. Salt Mining Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
9. Salt Mining Market Regional Analysis
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