Global Emulsifying Salt Market size is expected to reach nearly US$ 1.73 Bn by 2029 with the CAGR of 1.8% during the forecast period.Global Emulsifying Salt Market Overview:
Emulsifying Salts or Melting Salts are sodium, potassium, and calcium salts of phosphates or citrates that are used on a large scale in manufacturing processed and imitation cheese. Emulsifying Salts hold properties to dissolve and hydrate protein. The presence of this factor has resulted in a wide-scale use of Emulsifying Salts in the manufacturing of milk powder, sterilized cream, and processed cheese. Phosphate Based Emulsifying Salts play an important role in pH adjustment that is used on a large scale in manufacturing different food products and beverages. With such a wide range of applications from Food & Beverages to the Pharmaceuticals Industry, demand for Emulsifying Salt is rising. An increase in demand for food products as a result of the rising population has resulted in the growth in the Global Emulsifying Salt Market.To know about the Research Methodology :- Request Free Sample ReportGlobal Emulsifying Salt Market Dynamics:
A report by L. Chen and H. Liu published by Tianjin University of Science and Technology suggest that the use of Emulsifying Salts to chelate Calcium in the process of manufacturing processed cheese is superior and cost-friendly as compared to other elements. Being the major user of Emulsifying Salts, more than 40% of dairy products manufacturers in the US have started using Emulsifying Salts in manufacturing processed cheese. EU Specialty Food Ingredients, a society having its association with the FAO, has stated that the use of Emulsifying Salts in limited amount comes under essential additive in the food products and Beverages. Emulsifying Salt possesses anti-bacterial properties that are used on a large scale in manufacturing medicines. A research report published by BioMed Research International in the year 2016 states that Calcium, Magnesium, and Zinc based Emulsifying Salts can be used on a large scale in manufacturing low-cost Anti-microbial medicines. An increase in demand for additives with a wide-scale application in the Food and Beverages Industry is driving the growth of the Global Emulsifying Salt Market.Restraints:
Overdose of Emulsifying Salts causes bitterness in food products they are mixed with. This is the major restraining factor.Segment Analysis:
The Global Emulsifying Salt Market is segmented on the basis of By Nature, It is observed that more than 70% of the Emulsifying Salts consumed by the Food & Beverages Industry is in Synthetic form. Rising demand for organic food products has resulted in a 6% increase in demand for Emulsifying Salts from Organic sources. By End User, the Food & Beverages Industry is the major consumer of Emulsifying Salts. Demand for mineral-rich food products has resulted in a 2.1% increase in consumption of Emulsifying Salts by the Food & Beverages Industry. The Dairy Industry consumes more than 20% of the total Emulsifying Salt produced and contributes to more than 35% of the total revenue of the Global Emulsifying Salt Market. Different Industries like Bakery, Pharmaceuticals, and Processed Fish and Meat industries use Emulsifying Salt on a large scale. By Product Type, It is observed that Phosphate and Acetate based Emulsifying Salt dominate the total consumption of Emulsifying Salts Market. Citrate Based Emulsifying Salt is used on a large scale in manufacturing Beverages. Acid-Based Emulsifying Salt is used in the Processed Meat and Fish Industry. Different types of Emulsifying Salts are used as per need by different industries. It is observed that increasing demand for processed cheese and other dairy products has resulted in a 3% increase in demand for Emulsifying Salt by the Dairy Industry in the US and Europe. The preference for emulsified health supplements, dietary products, and beverages has resulted in a 3.7% increase in revenue generated by the Global Food & Beverages Industry. An increase in the number of mineral deficiency diseases has resulted in a 6% increase in sales of mineral-based medicines. A rising preference for mineral-rich drugs regularly has resulted in a 4% increase in consumption of Emulsifying Salt by the Pharmaceuticals Industry. An increase in consumption of bakery and confectionery products and the use of Emulsifying Salts in its process of manufacturing has resulted in a 7% increase in consumption of it by the Bakery Industry. Rising preference for Meat products as a rich source of minerals has resulted in a 2.1% increase in demand for Emulsifying Salt by the Processed Meat Industry. Different industries use Emulsifying Salt as per need.Regional Insights:
Increasing demand for Emulsifying additives by the Dairy Industry has resulted in a 6% increase in consumption of Emulsifying Salt in North America. It is observed that consumption of Emulsifying Salt by the Bakery & Pharmaceuticals Industry has risen by 2% in this region. The presence of a big Dairy and Meat Processing Industry in this region has resulted in a 4% increase in sales of Emulsifying Salt in this region. Europe is the biggest consumer of Phosphate based Emulsifying Salts. Preference for processed cheese on a large scale has resulted in a 3.8% increase in consumption of Emulsifying Salt in this region. Increasing preference for Bakery products and large-scale consumption of anti-bacterial medicine has resulted in a 3% increase in consumption of Emulsifying Salts in the Asia-Pacific region. Increasing population and ever-rising demand for food products are expected to increase the consumption of Emulsifying Salt at a growth rate of 6% in this region in the coming future. The presence of pH adjusting factors in Emulsifying Salt is used on a large scale in the Processed Meat Industry in South America. It is observed that demand for Emulsifying Salt has increased by 2.7% in this region. The Middle East and Africa’s Market is showing a growth rate of in the range of 1 to 1.3% from last 6 years. The reason for limited growth is attributed to the presence of a weak business cycle and the presence of different economic and political restraints. The objective of the report is to present a comprehensive analysis of the global Emulsifying Salt market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Emulsifying Salt market dynamics, structure by analyzing the market segments and Project the global Emulsifying Salt market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Emulsifying Salt market make the report investor’s guide.Global Emulsifying Salt Market Scope: Inquire before buying
Emulsifying Salt Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 1.52 Bn. Forecast Period 2023 to 2029 CAGR: 1.8% Market Size in 2029: US $ 1.73 Bn. Segments Covered: by Nature Organic Synthetic by End User Food & Beverages Industry Dairy Industry Bakery Industry Pharmaceuticals Industry Processed Fish & Meat Industry Others by Product Type Phosphate Based Citrate Based Acetate Based Acid Based Gluconate Based Others Global Emulsifying Salt Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest) South America (Brazil, Argetina and Rest of South America)Global Emulsifying Salt Market Key Players
1. AB Mauri Food Inc. 2. Archer Daniels Midland Company 3. Associated British Foods 4. Cargill, Inc. 5. BK Giulini Corporation 6. FBC Industries Inc. 7. Fosfa Industries Ltd. 8. MTC Industries Inc. 9. Fuso Chemical Co. Ltd. 10. WTI Inc. 11. DOW 12. DuPont 13. Corteva 14. Innophos Investments Holdings 15. Montana Industrie-Holding AGFrequently Asked Questions:
1. Which region has the largest share in Global Emulsifying Salt Market? Ans: Europe region held the highest share in 2022. 2. What is the growth rate of Global Emulsifying Salt Market? Ans: The Global Emulsifying Salt Market is growing at a CAGR of 1.8 % during forecasting period 2023-2029. 3. What is scope of the Global Emulsifying Salt Market report? Ans: Global Emulsifying Salt Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What was the Global Emulsifying Salt Market size in 2022? Ans: The Global Emulsifying Salt market was valued at US$ 1.52 Bn. In 2022. 5. What is the study period of this Market? Ans: The Global Emulsifying Salt Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Emulsifying Salt Market Size, by Market Value (US$ Bn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Emulsifying Salt Market 3.4. Geographical Snapshot of the Emulsifying Salt Market, By Manufacturer share 4. Global Emulsifying Salt Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Emulsifying Salt Market 5. Supply Side and Demand Side Indicators 6. Global Emulsifying Salt Market Analysis and Forecast, 2022-2029 6.1. Global Emulsifying Salt Market Size & Y-o-Y Growth Analysis. 7. Global Emulsifying Salt Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 7.1.1. Organic 7.1.2. Synthetic 7.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 7.2.1. Food & Beverages Industry 7.2.2. Dairy Industry 7.2.3. Bakery Industry 7.2.4. Pharmaceuticals Industry 7.2.5. Processed Fish & Meat Industry 7.2.6. Others 7.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 7.3.1. Phosphate Based 7.3.2. Citrate Based 7.3.3. Acetate Based 7.3.4. Acid Based 7.3.5. Gluconate Based 7.3.6. Others 8. Global Emulsifying Salt Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Emulsifying Salt Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 9.1.1. Organic 9.1.2. Synthetic 9.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 9.2.1. Food & Beverages Industry 9.2.2. Dairy Industry 9.2.3. Bakery Industry 9.2.4. Pharmaceuticals Industry 9.2.5. Processed Fish & Meat Industry 9.2.6. Others 9.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 9.3.1. Phosphate Based 9.3.2. Citrate Based 9.3.3. Acetate Based 9.3.4. Acid Based 9.3.5. Gluconate Based 9.3.6. Others 10. North America Emulsifying Salt Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Emulsifying Salt Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 12. Canada Emulsifying Salt Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 13. Mexico Emulsifying Salt Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 14. Europe Emulsifying Salt Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 15. Europe Emulsifying Salt Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Emulsifying Salt Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 17. France Emulsifying Salt Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 18. Germany Emulsifying Salt Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 19. Italy Emulsifying Salt Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 20. Spain Emulsifying Salt Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 21. Sweden Emulsifying Salt Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 22. CIS Countries Emulsifying Salt Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 23. Rest of Europe Emulsifying Salt Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 24. Asia Pacific Emulsifying Salt Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 25. Asia Pacific Emulsifying Salt Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Emulsifying Salt Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 27. India Emulsifying Salt Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 28. Japan Emulsifying Salt Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 29. South Korea Emulsifying Salt Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 30. Australia Emulsifying Salt Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 31. ASEAN Emulsifying Salt Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 32. Rest of Asia Pacific Emulsifying Salt Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 33. Middle East Africa Emulsifying Salt Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 34. Middle East Africa Emulsifying Salt Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Emulsifying Salt Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 36. GCC Countries Emulsifying Salt Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 37. Egypt Emulsifying Salt Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 38. Nigeria Emulsifying Salt Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 39. Rest of ME&A Emulsifying Salt Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 40. South America Emulsifying Salt Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 41. South America Emulsifying Salt Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Emulsifying Salt Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 43. Argentina Emulsifying Salt Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 44. Rest of South America Emulsifying Salt Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Emulsifying Salt Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. AB Mauri Food Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Archer Daniels Midland Company 45.3.3. Associated British Foods 45.3.4. Cargill, Inc. 45.3.5. BK Giulini Corporation 45.3.6. FBC Industries Inc. 45.3.7. Fosfa Industries Ltd. 45.3.8. MTC Industries Inc. 45.3.9. Fuso Chemical Co. Ltd. 45.3.10. WTI Inc. 45.3.11. DOW 45.3.12. DuPont 45.3.13. Corteva 45.3.14. Innophos Investments Holdings 45.3.15. Montana Industrie-Holding AG 46. Primary Key Insights