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Sunday, January 23, 2022

Global Sodium Chloride Market to be Driven by Application in Multiple Industries in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Sodium Chloride Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global sodium chloride market, assessing the market based on its segments like types, product source, end-use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2020): USD 28.64 Billion
  • Forecast CAGR (2022-2027): 2.3%
  • Forecast Market Size (2026): USD 32.09 Billion

The rising application of sodium chloride in multiple industries is a major factor helping the market to grow. NaCl is primarily used in the food industry for seasoning, colouring, curing chicken, and preserving fish. It aids in the enhancement of flavour, the preservation of foods, the prevention of spoilage, and the safety of ready-to-eat deli meats. Salt is also used in the fermentation of foods such as sauerkraut, pickles, and kefir. Aside from that, it is used in catheter flush injections or intravenous infusions, as well as to clean objects such as contact lenses. NaCl is an important chemical used in the chemical industry, primarily in the production of caustic soda, sodium chlorite, ferric chloride, and sodium bicarbonate. Furthermore, a large amount of sodium chloride is used as a biofuel in many process industries and for water softening.

Industry Definition and Major Segments

Sodium Chloride, more commonly known as salt is a white, crystalline ionic compound made from sodium and chlorine with the chemical formula of NaCl. It is saline in taste and soluble in water.

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On the basis of source, the sodium chloride market is segmented into:

  • Sea Water
  • Rock Salt
  • Others

On the basis of its end-use, the market is classified as:

  • Chemical Industry
  • Food Grade Salt
  • Road De-icing
  • Others

The major regional markets include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Due to growing refining activities and production from chemical companies, Asia-Pacific dominated the global market for sodium chloride. China is a reprocessing powerhouse, producing the vast majority of the world's chemicals. Many important chemicals like caustic soda, sodium chlorite, ammonium chlorite, and sodium bicarbonate, among others, are made using sodium chloride. Various application areas of these chemicals also invigorate the market for their originator chemical. In the Kraft process, a process for conversion of wood into wood pulp, the paper industry utilizes caustic soda. Chemicals such as chlorine can be made from sodium chloride, which could then be used to make polyvinyl chloride (PVC), primarily used in the construction industry. Vast application areas are anticipated to propel the market in the forecast period.

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Key Market Players

The major players in the market are K.G. International, Inc., Cargill Inc, China National Salt Industry Corporation (CNSIC), Compass Minerals, State enterprise Artyomsol, Nobian, S├╝dwestdeutsche Salzwerke AG, Salins Group, Mitsui Group, Rio Tinto Group, among others.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Contact Person:-Ian Bell, Business Consultant
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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