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Salt Extraction in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Salt Extraction Market Research Report | SIC B08.930 | Apr 2017

Extracting growth: Revenue has fluctuated over the past five years, but future growth is expected

IBISWorld’s Salt Extraction market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
British Salt Limited British Salt Limited market share
Cleveland Potash Ltd Cleveland Potash Ltd market share
INEOS Group Limited INEOS Group Limited market share
Irish Salt Mining and Exploration Limited Irish Salt Mining and Exploration Limited market share
Salt Union Ltd Salt Union Ltd market share
Industry Statistics & Market Size
Revenue
£136m
Annual Growth 12-17
-1.2%
Annual Growth 17-22
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Profit
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Employment
645
Businesses
7
Industry Analysis & Industry Trends

The Salt Extraction industry has been subject to a great deal of volatility over five years through 2016-17. Severe winter weather conditions supported sharp increases in industry revenue prior to the start of the period because demand for rock salt to de-ice roads was high. This led the industry to begin the period from a high base, with this level of revenue proving difficult to match over the five years through 2016-17. The performance of other products, including white salt and brine, aided stability over the period. Demand from inorganic chemical production grew strongly during the later years of the period in line with the general economy, supporting demand, as chemical manufacturers are a major market for the industry... purchase to read more

Industry Report - Industry Products Chapter

Rock salt

Rock salt is the industry's most popular product, representing over half of industry revenue. Rock salt occurs in beds, commonly associated with mudstone, of up to several hundred metres in thickness and is extracted in underground mines. Most of the rock salt mined in the United Kingdom is used to de-ice roads. Rock salt production is fairly constant, although producers can increase output to meet short-term demand pressures during periods of extremely cold weather. Harsh winter weather conditions over the past five years have made the extraction of rock salt more attractive. The establishment of long-term contracts with local authorities to provide gritting supplies ensures that this segment's share of revenue is not likely to fall dramatically.

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Industry ProductsRelated ReportsTable of Contents

What is the Salt Extraction Industry?

Firms in this industry extract salt from mines and brine pits. This includes extracting salt from underground by dissolving and pumping, the evaporation of seawater, and crushing, purifying and refining salt. The industry does not include the processing of salt into food-grade salt or the production of drinking water from the evaporation of brine.

Industry Products
Rock saltWhite saltBrine
 
Industry Activities
Rock salt productionBrine-pit operationBrine production


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