Sodium Chloride Market Poised to Grow at a CAGR of 4% by 2024
Infinium Global Research has added a new report on Sodium
Chloride Market. The report presents analysis of global as well as
regional markets of sodium chloride market over the period of 2016 to 2024. Sodium chloride (NACL) is the ionic compound that has 1:1 ratio
of sodium and chloride ions. It is commonly known as a salt. Sodium chloride is
mostly used in the production of the 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, but the extra consumption
can be harmful for health. The sodium chloride is used in the production of chlor-alkali
products including soda ash, caustic soda and chlorine. The rapidly growing
demand of 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 is likely
to boost the market growth of sodium chloride across all over the globe. Sodium
chloride helps in deicing of snow on roads, highways, airports, and grounds,
which in turn is contributing in 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 balance
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, 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 huge demand of 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. Moreover, the growth matrix presented by Infinium Global
Research identifies the key investment markets in the near future, this will
not only help the companies to understand the competitive position in the
global sodium chloride market but also make strategic decisions to capture the
most lucrative markets in the near future.The market size is presented in terms of value for the historic
year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that Asia Pacific dominated the
global sodium chloride market over the last couple of years, while emerging
markets of Asia-Pacific and Latin America are anticipated to contribute
significantly to the growth in the sodium chloride market worldwide.
The report segments the global sodium chloride market on the
basis of Grade and Applications.
Global Sodium Chloride Market by Grade
Global Sodium Chloride Market by Applications
Companies Profiled in the Report
Tata Chemicals Ltd.
China National Salt Industry Corporation
Wacker Chemie AG
The Dow Chemical Company
Akzo Nobel N.V.
Maldon Crystal Salt Co.
Südwestdeutsche Salzwerke AG
Compass Minerals International
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