Global Sodium Chloride Market To Grow At a CAGR Of 2.8% During The Forecast Period

The global sodium chloride market reached nearly USD 29.12 billion in 2021 and is expected to grow to around USD 34.51 billion by 2028, with a compound annual growth rate (CAGR) of roughly 2.8 percent.

Sodium chloride (NaCl) is most commonly known as salt. NaCl is an important body component used for the absorption and transportation of nutrients throughout the human body along with maintaining blood pressure and fluid balance, transmitting nerve signals, and contracting or relaxing muscles. The global sodium chloride market has a presence in the food sector as well where it is used as a food seasoning, or to create a brine for food marination. NaCl is an excellent natural preservative. For household purposes, sodium chloride is used to remove stains, prevent mold, and is sprinkled on roads to prevent icing.

Covid-19 put a halt on the global market growth because of transport restrictions and temporary closure of all non-essential industries, and factory units. However, sodium chloride solutions needed in medical treatments were in high demand and are expected to continue the growing trend during the forecast period.

Salt is used in bulk amounts as feedstock for creating sodium and chloride derivatives which are used in the manufacture of multiple products. For example, chloride derivatives are used in disinfectants and sodium derivatives have extensive use in the healthcare sector. NaCl is used for these derivatives because of their easy availability and cost-effectiveness. The rising demand for use of NaCl is expected to propel the global sodium chloride market growth during the forecast period. Since salt is an effective natural preservative that maintains the nutritional benefits and taste of the food items, the global market is expected to witness a rise because of increasing demand from the food sector. Snow-clad regions where the icing on the road is a frequent event have a high need for salt to prevent road accidents. This is anticipated to assist in the global market growth in the coming years.

There is a significant rise in health concerns related to the use of sodium chloride and it may hamper the global market growth. However, increasing the use of sodium chloride in the pharmaceutical sector is expected to provide global market growth opportunities. An important point to note is that the high cost of storage industry-grade sodium chloride may pose a major challenge in the global market.

The global sodium chloride market is categorized into source, end-use, and region. Based on the source, the market is bifurcated into rock salt, seawater, and others. The end-user segment of the market is divided into food-grade salt, chemical industry, road de-icing, and others.

Asia-Pacific is anticipated to lead the global sodium chloride market share owing to a rapid increase in the food sector in this region. A significant rise in the use of sodium chloride solutions in chemical manufacturing units is expected to assist the regional market growth. China is expected to dominate the regional segment since it has already reached a valuation of $8.5B as of 2021.

North America is anticipated to contribute significantly to the regional market because of the increase in NaCl use in the pharmaceutical sector. With a growing number of pharma players in the region, demand for NaCl is also expected to grow during the projection period.

Europe is showing signs of steady growth because of rapid urbanization and subsequent growing demand for sodium chloride whereas the Middle East & Africa are expected to register slow CAGR during the forecast period.

The global sodium chloride market is led by key players such as Wacker Chemie, INEOS, Tata chemicals, Nouryon, Cargill Inc, Swiss Salt Works, Cheetham salts, Akzo Nobel, Dampier salts, and others.

Recent Developments

• In September 2021, Mitsui & Co., Ltd. introduced "THE SHARKBAY SALT," a table salt that Mitsui developed and is produced in collaboration with Ako Kasei. "THE SHARKBAY SALT" incorporates solar marine salt made by Mitsui's 100% subsidiary, Shark Bay Salt Pty Ltd, which is ecologically sustainable.

Browse the full “Sodium Chloride Market By Source (Sea Water, Rock Salt, And Others), By End-Use (Chemical Industry, Food Grade Salt, Road De-Icing, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/sodium-chloride-market

Global sodium chloride market is segmented as follows:

By Source

• Sea Water
• Rock Salt
• Others

By End Use

• Chemical Industry
• Food Grade Salt
• Road De-icing
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com