Global Oman Industrial Salts Market by Product (Solar Salt, Salt In Brine, Rock Salt) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
Oman's industrial salts market for oil & gas was valued at USD 12.6million in 2019. It is projected to grow at a compound annual rate (CAGR), of 14.5% between 2020 and 2027. Market growth will likely continue to be driven by the demand for the product that can perform an efficient enhanced oils recovery option.
Over the past few years, the market has seen a significant increase in its growth due to the use of Enhanced Oil Recovery (EOR), which is a technique that allows for efficient oil and gas operations. It has been shown that oil operations can be improved by using brine with a reduced salt content.
Innovative technologies like EOR are key to Oman's efforts to increase its oil production. Oman uses a variety of EOR techniques, including steam injection, solar techniques, and polymer. Oman's high production costs and limited technology offer tax rebates to International Oil Companies (IOCs), which can be used for exploration and development.
Foreign companies are pre-empted by the government in new exploration and production projects. The government offers generous rebates for development of fields that require sophisticated technology and the expertise of private vendors. Oman has become more familiar with the technical challenges and difficulties involved in oil production. This is why the contract-based arrangement for IOCs has been so popular.
PDO also reported that nearly 23% of PDO's oil and gas production will come from EOR projects by 2025. EOR will play an important role in Oman’s oil and gas production due to government-sponsored incentives and schemes. This creates many opportunities for the growth of industry salts.
Product Insights
The Oman industrial salts market was led by the salt in brine segment. It accounted for over 52% of Oman's total revenue share in 2019. The market can be divided into three product groups: rock salt, salt-in-brine, and solar salt. The market was dominated by the salt in brine segment in terms both of volume and revenue. Brine is obtained from large waterbodies through the dissolution of mine deposits using a method called solution mining. It contains a high level of saline. Oil and gas operators in Oman, who use the EOR technique to extract oil, are known to be using this product.
In 2019, the volume share in rock salt was 35.2%. The mineral rock salt is a sedimentary evaporite mineral and is mined for its industrial use. Rising oil and gas activity in the country is expected to increase rock salt demand. TheSohar Refinery Project's capacity expansion was completed in 2017 and increased its production to 197,000 b/d, up from 116,000 in previous years. To remove water from its finished product, Sohar refinery uses both coarse and extra-fine rock salt. Segment growth will be driven by factors like the expansion of refineries and steady production rates.
The purity of solar salt is high with a sodium chloride content higher than 99.5%. A 14.3% revenue share was earned by the solar salt product segment. The salt brine is then pumped into large outdoor tanks. The salt is exposed to sunlight and the resulting product is known as solar salt. The sun heats the pond and causes it to become warmer. This results in the loss of water.
Regional Insights
In 2016, the Oman oil-and-gas industry imported 66.9 kilotons of industrial salts. Imports are on the rise. The imports of industrial salts were almost the only way to meet the demand until 2018. Saudi Arabia and UAE are the main exporters of industrial sodium to the country.
Global Integrated Engineering Company, a division of Al-Ghalbi International Engineering & Contracting established Duqm Salt in July 2018. It is located at Bentoot, in the Wilayat, Mahout, Wusta Governorate. This plant was created to meet rising demand from Oman's oil & gas sector, especially from EOR operations and drilling operations within the oil wells.
The company's mission is to create an industrial salts plant from seawater to replace import-substitutes in the country's oil and gas industry. Therefore, the company is focusing on localizing industrial salt production in Oman for domestic consumption. The company is also implementing its In-Country Value (ICV) commitments by localizing its supply chain as well as product development activities in small steps.
The plant covers over 1,700m2 and produces 100 kilotons of product per year, according to the company. In the near future, the company plans to increase its production to around 200 kilotons. It mostly sells Oman's industrial salt products to the Oman oil and gas industry.
The company supplies its industrial salt products to Occidental Petroleum Corporation of Oman (Oxy), for steam operations, and Petroleum Development Oman(PDO) for EOR. Halliburton is a major oilfield service contractor and was expected to sign a supply contract with Duqm Salt (Global Integrated Engineering Company), for 30 kilotons each year.
Market Share Insights & Key Companies
There are a few domestic producers, but the country also has strong regional trader or supplier dominance. There are also strong regional suppliers from Saudi Arabia, UAE and other countries. In order to meet strong demand, the key vendors in the industry continue to focus their efforts on increasing their production capacity. This is especially due to the country's enhanced oil recovery activities. The Oman industrial salts industry for oil and gas includes:
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Modern Salt Industries & Trading Co. LLC
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Duqm Salt
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Omanian Salt Company LLC
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Feiz New Works Company
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Al Mandoos Trading Co. LLC.
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Riyadh Salt Factory
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Delmon Salt
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Gulf Salt Company
Up Market Research published a new report titled “Oman Industrial Salts Market research report which is segmented by Product (Solar Salt, Salt In Brine, Rock Salt), By Players/Companies Omanian Salt Company LLC, Feiz New Works Company, Modern Salt Industries & Trading Co LLC, Duqm Salt, Al Mandoos Trading Co LLC, Delmon Salt, Riyadh Salt Factory, Gulf Salt Company”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
| Report Attributes | Report Details |
| Report Title | Oman Industrial Salts Market Research Report |
| By Product | Solar Salt, Salt In Brine, Rock Salt |
| By Companies | Omanian Salt Company LLC, Feiz New Works Company, Modern Salt Industries & Trading Co LLC, Duqm Salt, Al Mandoos Trading Co LLC, Delmon Salt, Riyadh Salt Factory, Gulf Salt Company |
| Regions Covered | North America, Europe, APAC, Latin America, MEA |
| Base Year | 2020 |
| Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
| Forecast Year | 2028 |
| Number of Pages | 244 |
| Number of Tables & Figures | 171 |
| Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Oman Industrial Salts Market Report Segments:
The market is segmented by Product (Solar Salt, Salt In Brine, Rock Salt).
Oman Industrial Salts Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Oman Industrial Salts Market
Overview of the regional outlook of the Oman Industrial Salts Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Oman Industrial Salts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Oman Industrial Salts Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Solar Salt
2. Salt In Brine
3. Rock Salt
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oman Industrial Salts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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Reasons to Purchase the Oman Industrial Salts Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oman Industrial Salts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oman Industrial Salts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oman Industrial Salts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oman Industrial Salts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oman Industrial Salts Market Size & Forecast, 2018-2028
4.5.1 Oman Industrial Salts Market Size and Y-o-Y Growth
4.5.2 Oman Industrial Salts Market Absolute $ Opportunity
Chapter 5 Global Oman Industrial Salts Market Analysis and Forecast by Product
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Product
5.1.2 Basis Point Share (BPS) Analysis by Product
5.1.3 Absolute $ Opportunity Assessment by Product
5.2 Oman Industrial Salts Market Size Forecast by Product
5.2.1 Solar Salt
5.2.2 Salt In Brine
5.2.3 Rock Salt
5.3 Market Attractiveness Analysis by Product
Chapter 6 Global Oman Industrial Salts Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Oman Industrial Salts Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Oman Industrial Salts Analysis and Forecast
8.1 Introduction
8.2 North America Oman Industrial Salts Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Oman Industrial Salts Market Size Forecast by Product
8.6.1 Solar Salt
8.6.2 Salt In Brine
8.6.3 Rock Salt
8.7 Basis Point Share (BPS) Analysis by Product
8.8 Absolute $ Opportunity Assessment by Product
8.9 Market Attractiveness Analysis by Product
Chapter 9 Europe Oman Industrial Salts Analysis and Forecast
9.1 Introduction
9.2 Europe Oman Industrial Salts Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Oman Industrial Salts Market Size Forecast by Product
9.6.1 Solar Salt
9.6.2 Salt In Brine
9.6.3 Rock Salt
9.7 Basis Point Share (BPS) Analysis by Product
9.8 Absolute $ Opportunity Assessment by Product
9.9 Market Attractiveness Analysis by Product
Chapter 10 Asia Pacific Oman Industrial Salts Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Oman Industrial Salts Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Oman Industrial Salts Market Size Forecast by Product
10.6.1 Solar Salt
10.6.2 Salt In Brine
10.6.3 Rock Salt
10.7 Basis Point Share (BPS) Analysis by Product
10.8 Absolute $ Opportunity Assessment by Product
10.9 Market Attractiveness Analysis by Product
Chapter 11 Latin America Oman Industrial Salts Analysis and Forecast
11.1 Introduction
11.2 Latin America Oman Industrial Salts Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Oman Industrial Salts Market Size Forecast by Product
11.6.1 Solar Salt
11.6.2 Salt In Brine
11.6.3 Rock Salt
11.7 Basis Point Share (BPS) Analysis by Product
11.8 Absolute $ Opportunity Assessment by Product
11.9 Market Attractiveness Analysis by Product
Chapter 12 Middle East & Africa (MEA) Oman Industrial Salts Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Oman Industrial Salts Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Oman Industrial Salts Market Size Forecast by Product
12.6.1 Solar Salt
12.6.2 Salt In Brine
12.6.3 Rock Salt
12.7 Basis Point Share (BPS) Analysis by Product
12.8 Absolute $ Opportunity Assessment by Product
12.9 Market Attractiveness Analysis by Product
Chapter 13 Competition Landscape
13.1 Oman Industrial Salts Market: Competitive Dashboard
13.2 Global Oman Industrial Salts Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Omanian Salt Company LLC
13.3.2 Feiz New Works Company
13.3.3 Modern Salt Industries & Trading Co LLC
13.3.4 Duqm Salt
13.3.5 Al Mandoos Trading Co LLC
13.3.6 Delmon Salt
13.3.7 Riyadh Salt Factory
13.3.8 Gulf Salt Company
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oman Industrial Salts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oman Industrial Salts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oman Industrial Salts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oman Industrial Salts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oman Industrial Salts Market Size & Forecast, 2018-2028
4.5.1 Oman Industrial Salts Market Size and Y-o-Y Growth
4.5.2 Oman Industrial Salts Market Absolute $ Opportunity
Chapter 5 Global Oman Industrial Salts Market Analysis and Forecast by Product
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Product
5.1.2 Basis Point Share (BPS) Analysis by Product
5.1.3 Absolute $ Opportunity Assessment by Product
5.2 Oman Industrial Salts Market Size Forecast by Product
5.2.1 Solar Salt
5.2.2 Salt In Brine
5.2.3 Rock Salt
5.3 Market Attractiveness Analysis by Product
Chapter 6 Global Oman Industrial Salts Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Oman Industrial Salts Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Oman Industrial Salts Analysis and Forecast
8.1 Introduction
8.2 North America Oman Industrial Salts Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Oman Industrial Salts Market Size Forecast by Product
8.6.1 Solar Salt
8.6.2 Salt In Brine
8.6.3 Rock Salt
8.7 Basis Point Share (BPS) Analysis by Product
8.8 Absolute $ Opportunity Assessment by Product
8.9 Market Attractiveness Analysis by Product
Chapter 9 Europe Oman Industrial Salts Analysis and Forecast
9.1 Introduction
9.2 Europe Oman Industrial Salts Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Oman Industrial Salts Market Size Forecast by Product
9.6.1 Solar Salt
9.6.2 Salt In Brine
9.6.3 Rock Salt
9.7 Basis Point Share (BPS) Analysis by Product
9.8 Absolute $ Opportunity Assessment by Product
9.9 Market Attractiveness Analysis by Product
Chapter 10 Asia Pacific Oman Industrial Salts Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Oman Industrial Salts Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Oman Industrial Salts Market Size Forecast by Product
10.6.1 Solar Salt
10.6.2 Salt In Brine
10.6.3 Rock Salt
10.7 Basis Point Share (BPS) Analysis by Product
10.8 Absolute $ Opportunity Assessment by Product
10.9 Market Attractiveness Analysis by Product
Chapter 11 Latin America Oman Industrial Salts Analysis and Forecast
11.1 Introduction
11.2 Latin America Oman Industrial Salts Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Oman Industrial Salts Market Size Forecast by Product
11.6.1 Solar Salt
11.6.2 Salt In Brine
11.6.3 Rock Salt
11.7 Basis Point Share (BPS) Analysis by Product
11.8 Absolute $ Opportunity Assessment by Product
11.9 Market Attractiveness Analysis by Product
Chapter 12 Middle East & Africa (MEA) Oman Industrial Salts Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Oman Industrial Salts Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Oman Industrial Salts Market Size Forecast by Product
12.6.1 Solar Salt
12.6.2 Salt In Brine
12.6.3 Rock Salt
12.7 Basis Point Share (BPS) Analysis by Product
12.8 Absolute $ Opportunity Assessment by Product
12.9 Market Attractiveness Analysis by Product
Chapter 13 Competition Landscape
13.1 Oman Industrial Salts Market: Competitive Dashboard
13.2 Global Oman Industrial Salts Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Omanian Salt Company LLC
13.3.2 Feiz New Works Company
13.3.3 Modern Salt Industries & Trading Co LLC
13.3.4 Duqm Salt
13.3.5 Al Mandoos Trading Co LLC
13.3.6 Delmon Salt
13.3.7 Riyadh Salt Factory
13.3.8 Gulf Salt Company
Segments Covered in the Report
The global Oman Industrial Salts market has been segmented based on
By Product
The global Oman Industrial Salts market has been segmented based on
By Product
- Solar Salt
- Salt In Brine
- Rock Salt
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Omanian Salt Company LLC
- Feiz New Works Company
- Modern Salt Industries & Trading Co LLC
- Duqm Salt
- Al Mandoos Trading Co LLC
- Delmon Salt
- Riyadh Salt Factory
- Gulf Salt Company
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