Sodium Chloride Market

28 Apr

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Sodium Chloride Market Poised to Grow at a CAGR of 4% by 2024

  • By admin

  • January, 1970

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.

 

Get 15% discount for early purchase of global sodium chloride market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1432

 

 

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

·         Rock Salt

·         Vacuum Salt

·         Solar Salt

 

Global Sodium Chloride Market by Applications

·         Chemical Production

·         Food Processing

·         Pharmaceutical

·         Water Conditioning

·         Agriculture

·         Others

 

Companies Profiled in the Report

·         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

·         Compass Minerals International

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.