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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 | Nov 2015

Full of flavour: The trend towards higher rock salt production should continue in the future

IBISWorld’s Salt Extraction market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
British Salt Limited British Salt Limited 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
£120m
Annual Growth 11-16
-6.7%
Annual Growth 16-21
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Profit
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Employment
516
Businesses
6
Industry Analysis & Industry Trends

The Salt Extraction industry has been subject to a great deal of volatility over five years through 2015-16. Severe winter weather conditions drove peaks in industry revenue because demand for rock salt to de-ice roads was high. Other products, including white salt and brine, fared worse over much of the period. This was primarily caused by poor economic conditions damaging demand from inorganic chemical production, which is a major market for these products. Britain's supply of salt fell short during periods of extreme weather, causing imports to grow considerably, although warmer weather curtailed this during the middle of the period. Imports are expected to satisfy more than one-third of domestic demand in 2015-16... purchase to read more

Industry Report - Industry Investment Chapter

The Salt Extraction industry has a high level of capital intensity. For every £1.00 spent on capital, an estimated £1.72 is spent on wages. The industry's extractive and processing operations rely on access to land and the use of heavy equipment (e.g. continuous miners, large-scale pumps and evaporation facilities), making it capital intensive. In addition, the industry needs heavy equipment to move excavated rock salt and to handle and load both rock salt and white salt. Crushing machines are also required, as are conveyors to transport product around the site.

The industry also has substantial requirements for working capital. Thi.. purchase to read more

 


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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