Global Sodium Chloride Market Set for Rapid Growth, to reach Value USD 33.5 Billion by 2026 - ZMR

Zion Market Research has published a new report titled “Sodium Chloride Product Market Source (Sea Water, Rock Salt, Others,), End-Use (Chemical Industry, Food Grade Salt, Road De-icing, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026” According to the report, global demand for Sodium Chloride market was valued at approximately USD 28.10 Billion in 2019, and is expected to generate revenue of around USD 33.5 Billion by end of 2026, growing at a CAGR of around 2.5% between 2020 and 2026.

Browse the full “Sodium Chloride Product Market Source (Sea Water, Rock Salt, Others,), End-Use (Chemical Industry, Food Grade Salt, Road De-icing, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026.” Report at https://www.zionmarketresearch.com/report/sodium-chloride-product-market

Sodium chloride is an ionic compound which is the major reason for the salinity of seawater. Mining of salt halites and the evaporation from sea water are the two main methods for the production of common salt. Sodium Chloride occurs in the crystal forms which are used in the different consumer applications as well as industrial purpose. By the evaporation method from the seawater, sodium chloride is obtained. Sodium chloride in large amounts is majorly used in numerous industrial processes. Moreover, it is also used for deicing of roadways especially in sub-freezing weather and also for water softening, chemical synthesize. Salt is directly or indirectly used in the production of many chemicals.

The demand for chlor-alkali products is rising in various chemical industries which include soda ash, chlorine, caustic soda, and others. These products are further used for making the products such as soaps, dyes, detergents, PVC, and others. Furthermore, increasing demand for the sodium chloride from various industries such deicing, as food and beverages, chemicals, and others are fueling the market growth. In addition to this, growing demand in the pharmaceutical industry is also stimulating the market growth during the forecast period. However, storage difficulties of the sodium chloride and low-profit margins are hampering the market growth during the forecast period. Nonetheless, extensive use of salts in the deicing industries is expected to be an opportunity for the major players in the market.

On the basis of grade, sodium chloride market is categorized into rock salt, vacuum salt, and solar salt. Vacuum salt is expected to be the dominant segment in the upcoming years. Based on the application, the market is categorized into chemical intermediate, pharmaceuticals, agriculture, food processing, deicing, and others. Chemical intermediate is anticipated to be dominant in the market during the forecast period

The Asia-Pacific market accounted for the largest share in 2018 and is projected to register the highest CAGR during the upcoming period. This is largely attributed to the high consumption of common salt in chlor-alkali industries. China is one of the leading producer and consumer of sodium chloride in the world and accounts for around 25% of the total consumption on account of the increasing use of the salt in water treatment, and food and beverage industries. Australia & New Zealand, South Korea and India, are other prominent countries in the region.

Companies in the market compete on the basis of product quality and technology used in product manufacturing. Key players are mainly focusing on R&D, infrastructural development, and expansion of their manufacturing facilities, The report also includes detailed profiles of key players such as Dow Chemical; Mistral Industrial Chemicals; INEOS Corporation; ReAgent Chemicals Ltd.; LyondellBasell Industries; Linde Gas; Ecolab; Royal Dutch Shell; ExxonMobil Corporation.

This report segments the Global Sodium Chloride Market as follows:

Global Sodium Chloride Market: Source Analysis

• Sea Water
• Rock Salt
• Others

Global Sodium Chloride Market: End-Use Analysis

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

Global Sodium Chloride Market: 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

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