According to Stratistics MRC, the Global Sodium Chloride Market is accounted for $19.83 billion in 2020 and is expected to reach $33.09 billion by 2028 growing at a CAGR of 6.6% during the forecast period. The increasing demand from the chemical industry, rapidly growing demand of chlor-alkali products and rising utilization in conserved food items are driving the market growth. However, stringent government regulations and complexities encountered during the storage are hampering the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period due to the rising demand for the chemical, food, and beverage, and water purifying industries in the region. China holds a key share in the market. Furthermore, solar salt within the position is the fastest growing sector due to the increasing demand in the chemical industry in this region.
Some of the key players profiled in the Sodium Chloride Market include Tata Chemicals Limited, Salinen Group, Maldon Crystal Salt Company Ltd., ICL Fertilizers Ltd., Dow Chemical Company Ltd, Dominion Salt Limited, Dampier Salt Ltd, Compass Minerals International, Inc., China National Salt Industry Corporation, Cheetham Salt Limited, Cargill Incorporated and Akzo Nobel N.V.
Grades Covered:
• Technical Grade
• Pharmaceutical Grade
• Food Grade
Types Covered:
• Solar Salt
• Rock Salt
• Vacuum & Brine Salt
• Sea Water
Applications Covered:
• Flavoring Agents & Food Preservatives
• De-Icing (Road De-Icing)
• Animal Feed Additive
• Water Treatment
• Pharmaceutical
• Chemical Intermediates
• Reagent
• Textile Industry
• Chemical Production
• Drilling Fluids
• Agriculture
• Leather Industry
• Oil & Gas
Manufacturing Processes Covered:
• Solar Evaporation
• Artificial Evaporation
Forms Covered:
• Liquid
• Solid
End Users Covered:
• Residential
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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