The global sodium chloride market reached a value of US$ 28 Billion in 2019. Sodium chloride or NaCl is an ionic compound with the chemical formula representing a 1:1 ratio of sodium and chloride ions. It is more commonly referred to as salt, table salt or common salt and is readily soluble in water. The sodium chloride market is largely impacted by its end-use in various sectors – food, medical, industrial and chemical. In several regions of North America and Europe, sodium chloride is used to de-ice the streets and highways during heavy snowfall.
In the food sector, sodium chloride is mainly used for seasoning, colouring, curing meats, preserving fish, etc. The medical uses are in catheter flush injections or intravenous infusions and for cleaning objects such as contact lenses. Inhaling sodium chloride helps remove certain bacteria in body secretions. Sodium chloride is one of the most important chemicals used in the chemical industry, mainly for the manufacture of caustic soda, sodium chlorite, ammonium chlorite and sodium bicarbonate. A large quantity of sodium chloride is also used as feedstocks in many industrial processes and for water softening purposes. This vast scope of usage in various industry sectors has largely influenced the growth of the sodium chloride market. Currently, Asia represents the largest region producing sodium chloride followed by Europe, North America and South & Central America.
IMARC’s new TMMR “Sodium Chloride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” provides a technical, analytical and statistical insight into the sodium chloride market. The market analysis includes volume trends, value trends, price trends, key players, market breakup by region, market breakup by end-use industries, key success factors, key risk factors, feedstock market trends, import trends, export trends, etc. Apart from the market analysis, the report also provides an exhaustive technical insight on sodium chloride. This includes chemical information, manufacturing process, chemical reactions involved, raw material requirements, mass balance, conversion rate of the feedstocks, etc. Looking forward, IMARC Group expects the global sodium chloride market to exhibit moderate growth during the next five years.
The study, which is based both on desk research and multiple waves of qualitative primary research, is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the sodium chloride industry in any manner.
The essential aspects of the global sodium chloride market evaluated in the report include:
Key Questions Answered in This Report:
The global sodium chloride market was worth around US$ 28 Billion in 2019.
According to the estimates by IMARC Group, the global sodium chloride market will exhibit moderate growth during the next five years.
Rising demand for sodium chloride across diverse sectors, including food, medical, chemical, and industrial, is primarily driving the global sodium chloride market.
The growing adoption of sodium chloride as a de-icing agent for cleaning roads during heavy snowfall in several countries of North America and Europe, represents one of the key trends in the global sodium chloride market.
Sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of the manufacturing units, logistics issues, staffing shortages, etc., thereby hampering the market for sodium chloride.
On the basis of the end use, the market has been bifurcated into chemical industry, food grade salt, and road de-icing. Amongst these, the chemical industry holds the majority of the total market share.
Region-wise, the market has been classified into Asia, Europe, North America, and South and Central America, where Asia dominates the global market.
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