The global sodium chloride market size was around USD 29.12 billion in 2021 and is predicted to reach USD 34.51 billion by 2028, growing at 2.8%.
FrequentlyAsked Questions
Expansion of chemical and pharmaceutical industries in emerging countries may propel the market growth. Additionally, as more people become aware of the compound's potential as a flavor enhancer, demand for it is expected to rise in the food sector. As a result, the sodium chloride market is likely to be driven by increased demand for the compound in end-use applications throughout the forecast period.
According to the Zion Market Research report, the global sodium chloride market was worth about 29.12 (USD billion) in 2021 and is predicted to grow to around 34.51 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 2.8 percent.
Asia Pacific is expected to hold largest share in the global sodium chloride market. This is mainly due to significant use of sodium chloride for chemical synthesis from the region's huge chemical and pharmaceutical industry base. Moreover, the market's expansion is likely to be aided by the rapidly expanding food industry.
The global sodium chloride market report summaries detailed information by top key players such as Wacker Chemie, INEOS, Tata chemicals, Nouryon, Cargill Inc, Swiss Salt Works, Cheetham salts, Akzo Nobel, Dampier salts, and others.
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