There is a continuous growth in “Sodium Chloride” Market in last five years and also continue for the forecast year 2023. Sodium Chloride industry report analyses the outline of the global market with respect to major regions and segmented by types and applications. Sodium Chloride Market covers top manufacturers, product scope, market overview, market opportunities, market risk, market driving force, technological advancement, distributors, traders, dealers, research findings.
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The global sodium chloride (NaCl) market is expected to witness a CAGR of 3.8% owing to an increase in utilization of sodium chloride as a reagent for the chemical industry. The growing demand of NaCl for the pharmaceutical industry is also likely to stimulate the sodium chloride market during the forecast period.
NaCl as a Chemical Reagent to Drive the Market
The demand for NaCl is on the surge from the chemical industry, where it is widely used for the manufacturing of chlor-alkali products, such as chlorine, soda ash, and caustic soda. These products are further used for producing a wide range of products such as PVC, detergents, glass, dyes, and soaps. The rising demand for these products across the globe is expected to be a key factor driving the demand for sodium chloride during the forecast period.
Chemical Production the Dominant Application
Chemical production application accounted for over half of the NaCl market share. It is used in the manufacturing of many chemical products, organic and inorganic. The second largest consuming application is road salt for deicing. The market is expected to witness promising growth across the food packaging application as a preservative and flavoring agent. The growing demand for convenience food products across the globe is likely to drive the sodium chloride market.
Water Treatment and Chemical Industries Supporting the Asia-Pacific Market
Asia-Pacific is leading in the consumption and production of sodium chloride, with China accounting for more than one-fourth of the market share. It is likely to continue its position due to increasing demand from water treatment, chemical, and food & beverage industries. North America is the second largest consumer of NaCl, owing to the significant use in deicing industry. The consumption in deicing application varies substantially depending on climatic conditions. The market for North America and Europe is mature and is expected to grow at a sluggish rate.
Notable Developments
In Jan 2018, Baxter International Inc., a global leader in sterile medication production and delivery, announced the approval of the United States Food and Drug Administration (FDA) for 0.9% sodium chloride injection.
The Major Players are Akzo Nobel N.V., INEOS Salts, Wacker Chemie AG, Cargill Incorporated, and Dampier Salt, amongst others.
Major Regions: – US, Canada, Mexico, Rest of North America, Brazil, Argentina, Rest of South America, China, Japan, India, Rest of Asia-Pacific, UK, Germany, France, Rest of Europe, UAE, South Africa, Saudi Arabia
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Reasons to Purchase this Report:
- Analysing various perspectives of the Sodium Chloride market size with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Sodium Chloride market growth during the forecast period.
- Identify the latest developments, Sodium Chloride market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Major Points Covered in Table of Content of Sodium Chloride Market forecast 2023
1. Introduction of Sodium Chloride Market Report
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Sodium Chloride Market Trends
4.1 Introduction
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Sodium Chloride Market Dynamics
5.1 Drivers
5.2 Restraints
5.3 Opportunities
6.Global Sodium Chloride Market, Segmented by Size
7. Global Sodium Chloride Market, Segmented by Technology Type
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8. Global Sodium Chloride Market, Segmented by Geography
8.1 North America
8.1.1 United States
8.1.2 Canada
8.1.3 Mexico
8.1.4 Others
8.2 South America
8.2.1 Brazil
8.2.2 Argentina
8.2.3 Others
8.3 Asia-Pacific
8.3.1 China
8.3.2 Japan
8.3.3 India
8.3.4 Others
8.4 Europe
8.4.1 United Kingdom
8.4.2 Germany
8.4.3 France
8.4.4 Others
8.5 Africa and Middle East
8.5.1 UAE
8.5.2 South Africa
8.5.3 Saudi Arabia
8.5.4 Others
9. Competitive Landscape
9.1 Introduction
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
11. Future Outlook of the Market
12. Disclaimer
And Many More……….
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