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The global sodium chloride market reached a value of US$ 28.6 Million in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 32.7 Million by 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, with the chemical formula NaCl, is an ionic compound representing a 1:1 ratio of sodium and chloride ions. Also commonly referred to as salt, table salt or common salt, sodium chloride is readily soluble in water. It appears as a white crystalline solid and acts as an emetic and a flame retardant. It is also essential in maintaining the electrolyte balance of fluids in a person’s body. Moreover, the body requires NaCl to absorb and transport nutrients, maintain blood pressure levels and the right balance of fluid, transmit nerve signals, and contract and relax muscles. In recent years, there has been a significant rise in the usage of NaCl in various sectors such as animal feed, water and waste treatment, textiles and pharmaceuticals. It is also used to de-ice the streets and highways during heavy snowfall in the North American and European regions.
The increasing applications of sodium chloride in diverse industries represent the primary factor bolstering the market growth. In the food sector, NaCl is mainly used for seasoning, coloring, curing meats and preserving fish. It helps to enhance the flavor, preserve foods, prevent spoilage and keep ready-to-eat meats and cheeses safe to eat. Salt is also used in the fermenting process for foods like sauerkraut, pickles and kefir. Besides this, it is utilized in catheter flush injections or intravenous infusions and for cleaning objects such as contact lenses. NaCl is one of the essential chemicals used in the chemical industry, mainly for manufacturing caustic soda, sodium chlorite, ammonium chloride and sodium bicarbonate. In addition, a large quantity of sodium chloride is employed as feedstock in many industrial processes and for water softening purposes. These factors are expected to provide a positive thrust to the market growth in the near future.
IMARC Group provides an analysis of the key trends in each sub-segment of the global sodium chloride market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on source and end use.
Breakup by Source:
Breakup by End Use:
The competitive landscape of the market has been analyzed, with some of the key players being K+S Group, China National Salt Industry Group (CNSIG), Compass Minerals International, Inc, Cargill Corporation and Dampier Salt Limited (DSL).
The essential aspects of the global sodium chloride market evaluated in the report include:
|Base Year of the Analysis||2020|
|Units||Million Tons, US$ Billion|
|Segment Coverage||Source, End-Use, Region|
|Region Covered||Asia, Europe, North America, South and Central America, Others|
|Companies Covered||K+S Group, China National Salt Industry Group (CNSIG), Compass Minerals International, Inc, Cargill Corporation and Dampier Salt Limited (DSL)|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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.
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