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Sodium Chloride Market

Sodium Chloride Market Forecasts to 2028 – Global Analysis By Grade (Technical, Pharmaceutical, Food), Form (Liquid, Solid), End User (Residential, Industrial), Application and By Geography

4.9 (60 reviews)
Published: November 2021 ID: SMRC21183
4.9 (60 reviews)
Published: November 2021 ID: SMRC21183

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Sodium Chloride Market is accounted for $19.83 billion in 2020 and is expected to reach $33.09 billion by 2028 growing at a CAGR of 6.6% during the forecast period. The increasing demand from the chemical industry, rapidly growing demand of chlor-alkali products and rising utilization in conserved food items are driving the market growth. However, stringent government regulations and complexities encountered during the storage are hampering the growth of the market.
 
Sodium chloride (NaCl) is universally known as salt. It occurs in the form of crystals that is utilized in large quantities across a variety of industrial and consumer applications. Sodium chloride is an ionic compound with sodium and chloride ions in the share of 1:1. Sodium chloride is used in the producing of chlor-alkali products such as chlorine, soda ash, and caustic soda. NaCl is used as additives to prevent food from spoilage, also in fermenting processes in the food industry.

Based on the type, the rock salt segment is going to have lucrative growth during the forecast period due to the higher yield of sodium chloride per dollar from rock salt when compared with solar salt owing to which manufacturers prefer rock salt for the production of sodium chloride. Owing to these factors, the production of sodium chloride from rock salt is expected to increase in the near future.

By geography, Asia Pacific is going to have high growth during the forecast period due to the rising demand for the chemical, food, and beverage, and water purifying industries in the region. China holds a key share in the market. Furthermore, solar salt within the position is the fastest growing sector due to the increasing demand in the chemical industry in this region.

Some of the key players profiled in the Sodium Chloride Market include Tata Chemicals Limited, Salinen Group, Maldon Crystal Salt Company Ltd., ICL Fertilizers Ltd., Dow Chemical Company Ltd, Dominion Salt Limited, Dampier Salt Ltd, Compass Minerals International, Inc., China National Salt Industry Corporation, Cheetham Salt Limited, Cargill Incorporated and Akzo Nobel N.V.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 19.83billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

6.6%

Predicted 2028 Value:

USD 33.09 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

204

Chapters Covered:

Grade, Type, Application, Manufacturing Process, Form, End User and Region

Core Drivers and Opportunities:

  • The increasing demand from the chemical industry
  • Rapidly growing demand of chlor-alkali products
  • Rising utilization in conserved food items

Restraining Factors & Market Threats:

  • Complexities encountered during the storage
  • Stringent government regulations


Grades Covered:
• Technical Grade
• Pharmaceutical Grade
• Food Grade   

Types Covered:
• Solar Salt
• Rock Salt
• Vacuum & Brine Salt
• Sea Water

Applications Covered:
• Flavoring Agents & Food Preservatives
• De-Icing (Road De-Icing)
• Animal Feed Additive
• Water Treatment
• Pharmaceutical
• Chemical Intermediates
• Reagent
• Textile Industry
• Chemical Production
• Drilling Fluids
• Agriculture
• Leather Industry
• Oil & Gas

Manufacturing Processes Covered:
• Solar Evaporation
• Artificial Evaporation

Forms Covered:
• Liquid
• Solid

End Users Covered:
• Residential
• Industrial

 Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Sodium Chloride Market is majorly driven by the increasing demand from the chemical industry, rapidly growing demand of chlor-alkali products and rising utilization in conserved food items.

The rock salt segment is growing at a highest CAGR due to the higher yield of sodium chloride per dollar from rock salt when compared with solar salt owing to which manufacturers prefer rock salt for the production of sodium chloride.

North America dominated with a significant market share as sodium chloride is vastly used in deicing of snow from roads, highways, airports, and grounds and that’s result in the market growth of sodium chloride in this region.

Asia Pacific market is growing at a highest CAGR due to the rising demand for the chemical, food, and beverage, and water purifying industries in the region. Moreover, China holds a key share in the market.

Key players in Sodium Chloride Market include Tata Chemicals Limited, Salinen Group, Maldon Crystal Salt Company Ltd., ICL Fertilizers Ltd., Dow Chemical Company Ltd, Dominion Salt Limited, Dampier Salt Ltd, Compass Minerals International, Inc., China National Salt Industry Corporation, Cheetham Salt Limited, Cargill Incorporated and Akzo Nobel N.V.

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