Salt Hydrate Market
Salt Hydrate Market Analysis by Copper Salt, Table Salt, and Others for Pharmaceuticals, Building & Construction, Food & Beverages, and Others from 2024 to 2034
Analysis of Salt Hydrate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Salt Hydrate Market Growth Outlook (2024 to 2034)
The global salt hydrate market size is expected to be valued at US$ 95.8 million in 2024 and forecasted to expand at a CAGR of 10.4% to climb to US$ 255.4 million by the end of 2034.
Salt hydrates are inorganic salts that contain water molecules in their structure. They have different physical properties from anhydrous salts such as color and density. Salt hydrates boast a high thermal energy storage density. Salt hydrates are an inorganic type of phase change material (PCM) with a melting point of 20 °C to 25 °C. This makes them suitable for construction projects.
Ability of salt hydrates to absorb excess moisture prevents mold formation in medicines, making them useful in the pharmaceutical sector. Glauber salt is an example of hydrated salt used in the textile industry for dyeing wool, nylon, and silk.
Copper sulfate pentahydrate is another example of hydrated salt, which is used in agriculture as a fungicide, algaecide, herbicide, and root killer. Hydrated salt is also employed in the healthcare and beauty sectors. It is generally found in bath products as it has muscle-relaxing properties. Due to extraordinary properties such as gaining and releasing thermal energy, it is considered an ideal candidate for photovoltaic cells in solar cells for ideal thermal energy storage.
- From 2019 to 2023, the global salt hydrate market size expanded at a CAGR of 8.1%, according to Fact.MR, a market research and competitive intelligence provider.
| Report Attributes | Details |
|---|---|
| Salt Hydrate Market Size (2023A) | US$ 86.8 Million |
| Estimated Market Value (2024E) | US$ 95.8 Million |
| Forecasted Market Value (2034F) | US$ 255.4 Million |
| Global Market Growth Rate (2024 to 2034) | 10.4% |
| North America Market Share (2024E) | 28.6% |
| East Asia Market Share (2024E) | 36.5% |
| Key Companies Profiled | Phase Change Products Pty Ltd.; PCM Products Ltd.; Rubitherm Technologies GmbH; RGEES; Climator Sweden AB |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What are the Key Salt Hydrate Market Trends to Focus On?
“Rising Number of Warehouses and Cold Supply Chain Facilities”
Cold storage warehousing is essential for the food industry, as it helps food products move efficiently through the supply chain by offering food safety assurance. PCMs are used in walls of cold stores, which limits the rising temperature inside cold storage facilities during loss of electricity by absorbing the thermal load that enters the cold storage space. Rising use of cold storage warehouses is contributing to the salt hydrate market growth.
- For instance, according to the International Institute of Refrigeration, the total capacity of refrigerated warehouses around the world was 719 million cubic meters in 2020, which was 16.7% greater than the capacity in 2018.
“Extensive Utilization of Salt Hydrates in Construction Sector”
Salt hydrates are integrated into the structure of buildings to reduce the ongoing cost of building operations such as daily heating and cooling. Compared to all other PCM options, salt hydrates have superior thermal storage densities and cost-effectiveness, rendering them highly attractive for practical engineering applications.
- According to the research paper published by the International Journal of Civil Engineering and Technology (IJCIET), the use of PCM can save energy up to 40%, which makes it an important material for green building construction. Green building construction promotes the usage of salt hydrates in concrete.
- For instance, according to a World Bank report, the construction sector was valued at US$ 27.76 trillion in 2022, and it is projected to grow at a significant pace through 2034. The construction sector is forecasted to drive the demand for salt hydrates.
What are the Hindrances to Market Growth?
“Corrosiveness of Inorganic Salt Hydrates and Technological Limitations in Processing”
Several studies have discovered the disadvantages of inorganic salt hydrates such as corrosiveness, which may release harmful substances into the environment. When salt hydrates are used in photovoltaic (PV) cells, the risk of supercooling and phase separation can reduce the PV cell efficiency. These technological limitations while processing methods hinder growth.
Emergence of substitutes could additionally limit market expansion. Economic variables such as volatile demand or elevated production expenses may further challenge market viability.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Country-wise Insights
Why is the United States a Lucrative Market for Salt Hydrate Producers?
“Extensive Use of Salt Hydrates in Logistics Facilities”
Backed by high demand for renewable energy, the United States market is projected to expand at a CAGR of 10.8% over the projected period to reach a valuation of US$ 54.6 million by 2034-end. Cold chain packaging serves as an important part of the transportation of salt hydrates. In the United States, salt hydrates are included in every step of logistics operations, including cold rooms, reefer trucks, and deep freezers.
- According to the International Trade Administration report, the United States had a refrigerated storage capacity of 3.7 billion cubic feet in 2021. Also, it is projected to increase in the coming period, which will also produce demand for salt hydrates.
What is the Demand Outlook for Salt Hydrates in China?
“Market Players Benefiting from Expansion of Solar Cell Industry and Robust Construction Sector”
The Chinese market is valued at US$ 19.9 million and is forecasted to expand at a CAGR of 10.9% to reach US$ 57.3 million by 2034. PCMs are used widely in solar cells in China. Studies have shown the improved performance of PV cells in heat management after their integration with salt hydrates. Intense research and development in the country have led to more extensive use of salt hydrates in PV cells in China.
- According to the International Energy Agency, the global PV cell manufacturing capacity is increasing. China recently invested in a PV supply capacity of US$ 50 billion, contributing to more than 80% of the world's manufacturing capacity.
Combination of a robust construction sector, an expanding solar cell industry, and a growing focus on environmentally responsible processes has made the Chinese market lucrative for salt hydrate producers.
Category-wise Insights
Which Factors Underpin Extensive Use of Salt Hydrates in the Electronics Sector?
“Salt Hydrate Use in Electronic Devices Entailing Reduced Greenhouse Gas Emissions”
Demand for salt hydrates in the electronics sector is driven by multiple factors. Their exceptional thermal conductivity and phase change properties are crucial for managing heat in electronic devices, ensuring efficient operation and preventing overheating. This segment occupies a signification salt hydrate market share in 2024.
Salt hydrates are used in thermochemical heat transformers to store waste heat at low temperatures and release it at higher temperatures. These devices help in the redirection of waste heat into industrial processes, thus enhancing energy efficiency and reducing greenhouse gas emissions.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Key players in the salt hydrate market are Phase Change Products Pty Ltd., PCM Products Ltd., Rubitherm Technologies GmbH, RGEES, Pluss Advanced Technologies Pvt. Ltd., and Climator Sweden AB.
World’s leading manufacturers of salt hydrates are focusing on increasing their production capacity. Manufacturers are currently collaborating with other companies to expand their geographical presence. Players are focusing on maintaining long-term relationships with end-use industries.
- For instance, in February 2018, Pluss partnered with Drager Company to expand its presence in Asian, African, and South American countries.
Fact.MR has provided detailed information about the price points of key manufacturers of salt hydrates positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Salt Hydrate Market Research
-
By Type :
- Copper Salt
- Table Salt
- Others
-
By End Use :
- Pharmaceuticals
- Building & Construction
- Food & Beverages
- Others (Textiles, Electronics, etc.)
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market- Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market- Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By End Use
- 7.1. Pharmaceutical
- 7.2. Building & Construction
- 7.3. Food & Beverages
- 7.4. Others (textile, electronics, etc.)
- 8. Global Market Analysis and Forecast, By Region
- 8.1. North America
- 8.2. Latin America
- 8.3. East Asia
- 8.4. South Asia & Pacific
- 8.5. Western Europe
- 8.6. Eastern Europe
- 8.7. Middle East & Africa
- 9. North America Market Analysis and Forecast
- 10. Latin America Market Analysis and Forecast
- 11. East Asia Market Analysis and Forecast
- 12. Western Europe Market Analysis and Forecast
- 13. Eastern Europe Market Analysis and Forecast
- 14. South Asia & Pacific Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. RGEES
- 18.2. Phase Change Products Pty Ltd.
- 18.3. PCM Products Ltd.
- 18.4. Rubitherm Technologies GmbH
- 18.5. Climator Sweden AB
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01. Global Market Value (US$ million) by Region, 2019 to 2023
Table 02. Global Market Value (US$ million) and Forecast by Region, 2024 to 2034
Table 03. Global Market Volume (Tons) by Region, 2019 to 2023
Table 04. Global Market Volume (Tons) and Forecast by Region, 2024 to 2034
Table 05. Global Market Value (US$ million) By End use, 2019 to 2023
Table 06. Global Market Value (US$ million) and Forecast By End use, 2024 to 2034
Table 07. Global Market Volume (Tons) By End use, 2019 to 2023
Table 08. Global Market Volume (Tons) and Forecast By End use, 2024 to 2034
Table 09. North America Market Value (US$ million) by Country, 2019 to 2023
Table 10. North America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 11. North America Market Volume (Tons) by Country, 2019 to 2023
Table 12. North America Market Volume (Tons) and Forecast by Country, 2024 to 2034
Table 13. North America Market Value (US$ million) By End use, 2019 to 2023
Table 14. North America Market Value (US$ million) and Forecast By End use, 2024 to 2034
Table 15. North America Market Volume (Tons) By End use, 2019 to 2023
Table 16. North America Market Volume (Tons) and Forecast By End use, 2024 to 2034
Table 17. Latin America Market Value (US$ million) by Country, 2019 to 2023
Table 18. Latin America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 19. Latin America Market Volume (Tons) by Country, 2019 to 2023
Table 20. Latin America Market Volume (Tons) and Forecast by Country, 2024 to 2034
Table 21. Latin America Market Value (US$ million) By End use, 2019 to 2023
Table 22. Latin America Market Value (US$ million) and Forecast By End use, 2024 to 2034
Table 23. Latin America Market Volume (Tons) By End use, 2019 to 2023
Table 24. Latin America Market Volume (Tons) and Forecast By End use, 2024 to 2034
Table 25. Europe Market Value (US$ million) by Country, 2019 to 2023
Table 26. Europe Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 27. Europe Market Volume (Tons) by Country, 2019 to 2023
Table 28. Europe Market Volume (Tons) and Forecast by Country, 2024 to 2034
Table 29. Europe Market Value (US$ million) By End use, 2019 to 2023
Table 30. Europe Market Value (US$ million) and Forecast By End use, 2024 to 2034
Table 31. Europe Market Volume (Tons) By End use, 2019 to 2023
Table 32. Europe Market Volume (Tons) and Forecast By End use, 2024 to 2034
Table 33. East Asia Market Value (US$ million) by Country, 2019 to 2023
Table 34. East Asia Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 35. East Asia Market Volume (Tons) by Country, 2019 to 2023
Table 36. East Asia Market Volume (Tons) and Forecast by Country, 2024 to 2034
Table 37. East Asia Market Value (US$ million) By End use, 2019 to 2023
Table 38. East Asia Market Value (US$ million) and Forecast By End use, 2024 to 2034
Table 39. East Asia Market Volume (Tons) By End use, 2019 to 2023
Table 40. East Asia Market Volume (Tons) and Forecast By End use, 2024 to 2034
Table 41. South Asia & Pacific Market Value (US$ million) by Country, 2019 to 2023
Table 42. South Asia & Pacific Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 43. South Asia & Pacific Market Volume (Tons) by Country, 2019 to 2023
Table 44. South Asia & Pacific Market Volume (Tons) and Forecast by Country, 2024 to 2034
Table 45. South Asia & Pacific Market Value (US$ million) By End use, 2019 to 2023
Table 46. South Asia & Pacific Market Value (US$ million) and Forecast By End use, 2024 to 2034
Table 47. South Asia & Pacific Market Volume (Tons) By End use, 2019 to 2023
Table 48. South Asia & Pacific Market Volume (Tons) and Forecast By End use, 2024 to 2034
Table 49. MEA Market Value (US$ million) by Country, 2019 to 2023
Table 50. MEA Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 51. MEA Market Volume (Tons) by Country, 2019 to 2023
Table 52. MEA Market Volume (Tons) and Forecast by Country, 2024 to 2034
Table 53. MEA Market Value (US$ million) By End use, 2019 to 2023
Table 54. MEA Market Value (US$ million) and Forecast By End use, 2024 to 2034
Table 55. MEA Market Volume (Tons) By End use, 2019 to 2023
Table 56. MEA Market Volume (Tons) and Forecast By End use, 2024 to 2034
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Volume (Tons) and Value (US$ Mn) Analysis, 2019, 2024 and 2034
Figure 02: Global Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2024 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 20: Global Market Share Analysis by End Use - 2024 & 2034
Figure 21: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 22: Global Market attractiveness analysis by End Use, 2024 to 2034
Figure 23: Global Market Share Analysis by Aqueous Systems Industrial Construction, 2024 to 2034
Figure 24: Global Market Attractiveness Analysis by Aqueous Systems Industrial Construction, 2024 to 2034
Figure 25: Global Market Share Analysis by Wood and Furniture, 2024 to 2034
Figure 26: Global Market Attractiveness Analysis by Wood and Furniture , 2024 to 2034
Figure 27: Global Market Share Analysis by Ink and Printing Segment, 2024 to 2034
Figure 28: Global Market Attractiveness Analysis by Ink and Printing Segment, 2024 to 2034
Figure 29: Global Market Share Analysis by Lubricants and Adhesives, 2024 to 2034
Figure 30: Global Market Attractiveness Analysis by Lubricants and Adhesives, 2024 to 2034
Figure 31: Global Market Share Analysis by Metal Industry, 2024 to 2034
Figure 32: Global Market Attractiveness Analysis by Metal Industry, 2024 to 2034
Figure 33: Global Market Share by Region - 2024 & 2034
Figure 34: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 35: Global Market Attractiveness Index by Region, 2024 to 2034
Figure 36: North America Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2023
Figure 37: North America Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024 to 2034
Figure 47: North America Market Share Analysis by End Use - 2024 & 2034
Figure 48: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 49: North America Market attractiveness analysis by End Use, 2024 to 2034
Figure 50: North America Wax Additive Catalyst Market Share Analysis by Region, 2024 & 2034
Figure 51: North America Wax Additive Catalyst Market Y-o-Y Growth Projection by Region, 2024 - 2034
Figure 52: North America Wax Additive Catalyst Market Attractiveness Analysis by Region, 2024 to 2034
Figure 53: Latin America Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2023
Figure 54: Latin America Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024 to 2034
Figure 64: Latin America Market Share Analysis by End Use - 2024 & 2034
Figure 65: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 66: Latin America Market attractiveness analysis by End Use, 2024 to 2034
Figure 67: Latin America Wax Additive Catalyst Market Share Analysis by Country, 2024 & 2034
Figure 68: Latin America Wax Additive Catalyst Market Y-o-Y Growth Projection by Country, 2024 - 2034
Figure 69: Latin America Wax Additive Catalyst Market Attractiveness Analysis by Country, 2024 to 2034
Figure 70: Europe Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2023
Figure 71: Europe Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024 to 2034
Figure 81: Europe Market Share Analysis by End Use - 2024 & 2034
Figure 82 Europe Market Y-o-Y Growth Projections by End Use, 2019 to 2034
Figure 83: Europe Market attractiveness analysis by End Use, 2024 to 2034
Figure 84: Europe Wax Additive Catalyst Market Share Analysis by Country, 2024 & 2034
Figure 85: Europe Wax Additive Catalyst Market Y-o-Y Growth Projection by Country, 2024 - 2034
Figure 86: Europe Wax Additive Catalyst Market Attractiveness Analysis by Country, 2024 to 2034
Figure 87: East Asia Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2023
Figure 88: East Asia Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024 to 2034
Figure 98: East Asia Market Share Analysis by End Use - 2024 & 2034
Figure 99: East Asia Market Y-o-Y Growth Projections by End Use, 2019 to 2034
Figure 100: East Asia Market attractiveness analysis by End Use, 2024 to 2034
Figure 101: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 102: East Asia Market Y-o-Y Growth Projection by Country, 2024 - 2034
Figure 103: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2023
Figure 105: South Asia & Pacific Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024 to 2034
Figure 115: South Asia & Pacific Market Share Analysis by End Use - 2024 & 2034
Figure 116: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2019 to 2034
Figure 117: South Asia & Pacific Market attractiveness analysis by End Use, 2024 to 2034
Figure 118: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 119: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 - 2034
Figure 120: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: Middle East & Africa Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2023
Figure 122: Middle East & Africa Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2024 to 2034
Figure 132: Middle East & Africa Market Share Analysis by End Use - 2024 & 2034
Figure 133: Middle East & Africa Market Y-o-Y Growth Projections by End Use, 2019 to 2034
Figure 134: Middle East & Africa Market attractiveness analysis by End Use, 2024 to 2034
Figure 135: Middle East & Africa Market Share Analysis by Country, 2024 & 2034
Figure 136: Middle East & Africa Market Y-o-Y Growth Projection by Country, 2024 - 2034
Figure 137: Middle East & Africa Market Attractiveness Analysis by Country, 2024 to 2034
Figure 138: United States Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2034
Figure 139: United States Market Value, By End use, 2024 & 2034
Figure 140: United States Market Incremental $ Opportunity, 2024 to 2034
Figure 141: Canada Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2034
Figure 142: Canada Market Value, By End use, 2024 & 2034
Figure 143: Canada Market Incremental $ Opportunity, 2024 to 2034
Figure 144: Brazil Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2034
Figure 145: Brazil Market Value, By End use, 2024 & 2034
Figure 146: Brazil Market Incremental $ Opportunity, 2024 to 2034
Figure 147: Germany Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2034
Figure 148: Germany Market Value, By End use, 2024 & 2034
Figure 149: Germany Market Incremental $ Opportunity, 2024 to 2034
Figure 150: France Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2034
Figure 151: France Market Value, By End use, 2024 & 2034
Figure 152: France Market Incremental $ Opportunity, 2024 to 2034
Figure 153: U.K. Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2034
Figure 154: U.K. Market Value, By End use, 2024 & 2034
Figure 155: U.K. Market Incremental $ Opportunity, 2024 to 2034
Figure 156: China Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2034
Figure 157: China Market Value, By End use, 2024 & 2034
Figure 158: China Market Incremental $ Opportunity, 2024 to 2034
Figure 159: Japan Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2034
Figure 160: Japan Market Value, By End use, 2024 & 2034
Figure 161: Japan Market Incremental $ Opportunity, 2024 to 2034
Figure 162: India Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2034
Figure 163: India Market Value, By End use, 2024 & 2034
Figure 164: India Market Incremental $ Opportunity, 2024 to 2034
Figure 165: GCC Countries Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2019 to 2034
Figure 166: GCC Countries Market Value, By End use, 2024 & 2034
Figure 167: GCC Countries Market Incremental $ Opportunity, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the sales value of salt hydrate in 2024?
The global salt hydrate market is set to reach US$ 95.8 million in 2024.
What portion of the market is occupied by East Asia?
East Asia is projected to occupy 36.5% share of the global salt hydrate market in 2024.
What is the demand projection for salt hydrates for 2034?
Sales of salt hydrates are forecasted to reach US$ 255.4 million by 2034-end.
What is the forecasted value of the market in China for 2034?
The China market is forecasted to reach US$ 57.3 million by the end of 2034.
Who are the leading manufacturers of salt hydrates?
Rubitherm Technologies, Climator Sweden, RGEES, and Pluss Advanced Technologies Pvt. Ltd. are key players in the market.
What are the projections for the market in North America?
North America is expected to account for 28.6% market share in 2024.
Salt Hydrate Market