A recent report published by Infinium Global Research on sodium chloride market provides an in-depth analysis of segments and sub-segments in the global as well as regional sodium chloride market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional sodium chloride market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global sodium chloride market. According to the report the global sodium chloride market is projected to grow at a CAGR of 4% over the forecast period of 2018-2024.
Sodium chloride (NACL) is the ionic compound that has a 1:1 ratio of sodium and chloride ions. It is commonly known as a salt. Sodium chloride is mostly used in the production of many chemicals. Sodium chloride is the basic compound required in the human body for absorbing and transporting nutrients, maintaining blood pressure, maintaining the right balance of fluid, transmitting nerve signals and contracting & relaxation of muscles. Although the salt is required for the human body, the extra consumption can be harmful to health.
The sodium chloride is used in the production of chlor-alkali products including soda ash, caustic soda, and chlorine. The rapidly growing demand for chlor-alkali products is the primary factor driving the growth of sodium chloride market worldwide. In addition, sodium chloride is used in the manufacturing of various organic and inorganic chemical products that are likely to boost the market growth of sodium chloride all over the globe. Sodium chloride helps in deicing of snow on roads, highways, airports, and grounds, which in turn is contributing to the market growth of sodium chloride market over the forecast period. However, increasing health conscious people restricts the intake of salt. Also dieticians, doctor’s advice people to have a balanced intake of salt, which in turn can affect the growth of sodium chloride market. Also, difficulties encountered during storage of sodium chloride salts and low-profit margins are some of the factors that can hamper the market growth. Moreover, the rising use of sodium chloride in the food and beverage industries as a flavoring agent and food preservative is projected to create several opportunities in the sodium chloride market in the upcoming years.
Among the Geographies, Asia-Pacific dominates the market of sodium chloride owing to high production and consumption of sodium chloride in this region. The presence of various chemical and food and beverage industries in the Asia-Pacific region to create a huge demand for sodium chloride. In addition, in the North America and Europe region, sodium chloride is vastly used in deicing of snow from roads, highways, airports, and grounds and that’s result in the market growth of sodium chloride in this region.
The report on global sodium chloride market covers segments such as grade and applications. On the basis of grade, the global sodium chloride market is categorized into rock salt, vacuum salt, and solar salt. On the basis of applications the global sodium chloride market is categorized into chemical production, Deicing, Flavoring Agent & Food Preservative, Pharmaceutical, Water treatment, Feed additive, and Others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global sodium chloride market such as Cargill Incorporated, Tata Chemicals Ltd., China National Salt Industry Corporation, Wacker Chemie AG, The Dow Chemical Company, Dominion Salt, Akzo Nobel N.V., Maldon Crystal Salt Co., Südwestdeutsche Salzwerke AG, and Compass Minerals International.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global sodium chloride market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of sodium chloride market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the sodium chloride market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the sodium chloride market to understand the present and future trends in this market and formulate their strategies accordingly.