2024 Industry Research Report: Global Salt Brines Market Poised for Robust Expansion, Projected to Hit US$359.1 Million by 2030 [Yahoo! Finance]
Albemarle Corporation (ALB)
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Source: Yahoo! Finance
The global market for Salt Brines is witnessing a substantial growth period, with forecasts indicating a rise from US$231.8 Million in 2023 to a remarkable US$359.1 Million by the year 2030. This expansion reflects a healthy Compound Annual Growth Rate (CAGR) of 6.5% over the seven-year period. The market's buoyancy is attributed to its extensive applications across food preservation, road safety, chemical production, and other industrial uses. Driving Forces Behind the Growth Several factors are spurring the growth of the global Salt Brines market, notably the burgeoning food processing sector, technological improvements in road maintenance, and the escalating needs for chemical feedstocks. The transition towards convenience and shelf stability in food consumption trends has escalated the demand for salt brines in preservation methodologies. Additionally, increased municipal investment in winter road safety and advancements in chemical manufacturing processes are propelling the
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ALB
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- 11/6/24 - Miss
ALB
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- 11/20/24 - Form 4
- 11/20/24 - Form 144
- 11/19/24 - Form 3
- ALB's page on the SEC website