The global sodium chloride market size reached US$ 28.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.1% during 2023-2028.
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.
Sodium Chloride Market Trends:
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sodium chloride market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on source andend-use.
Breakup by Source:
Breakup by End-Use:
Food Grade Salt
South and Central America
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:
Impact of COVID-19
Key end uses
Raw material requirements
Chemical reactions involved in the manufacturing process
Major importers and exporters
Value chain analysis
Base Year of the Analysis
Million Tons, US$ Billion
Source, End-Use, Region
Asia, Europe, North America, South and Central America, Others
K+S Group, China National Salt Industry Group (CNSIG), Compass Minerals International, Inc, Cargill Corporation and Dampier Salt Limited (DSL)
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Key Questions Answered in This Report
The global sodium chloride market was valued at US$ 28.6 Billion in 2022.
We expect the global sodium chloride market to exhibit a CAGR of 2.1% during 2023-2028.
The rising utilization of sodium chloride in the food and beverage (F&B) sector to enhance the flavor, preserve food, prevent spoilage, keep ready-to-eat meat and cheese safe to eat, etc., is primarily driving the global sodium chloride market.
The sudden outbreak of the COVID-19 pandemic had led to implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for sodium chloride.
Based on the source, the global sodium chloride market has been bifurcated into sea water, rock salt, and others. Among these, rock salt currently holds the majority of the total market share.
Based on the end-use, the global sodium chloride market can be divided into chemical industry, food grade salt, road de-icing, and others. Currently, the chemical industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into Asia, Europe, North America, South and Central America, and others, 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 Industry Group (CNSIG), Compass Minerals International, Inc, Cargill Corporation, and Dampier Salt Limited (DSL).
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