The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global sodium chloride market reached a value of US$ 28.6 Million in 2020. Looking forward, IMARC Group expects the market to continuously grow during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
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 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 sodium chloride market growth. 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 2021-2026” 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.
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:
The global sodium chloride market was valued at US$ 28.6 Million in 2020.
Rising demand for sodium chloride across diverse sectors, including food, medical, chemical, and industrial, represents one of the factors driving the global sodium chloride market.
Sudden outbreak of the COVID-19 pandemic had led to implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries of sodium chloride, thereby negatively impacting the overall product demand.
Based on the end use, the global sodium chloride market can be bifurcated into chemical industry, food grade salt, and road de-icing. Among these, the chemical industry currently holds the majority of the total market share.
On a regional level, the market has been classified into Asia, Europe, North America, and South and Central America, where Asia currently dominates the global market.
Some of the major players in the global sodium chloride market include K+S Group, China National Salt, Compass Minerals, Cargill, and Dampier Salt.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at