In 2022, the industrial sodium chloride market was valued at US$14,513.9 million. One important factor emphasising potential opportunities in this market is the rising global demand for chlor-alkali. By the end of 2032, it is anticipated that total sales of industrial sodium chloride products will have reached about US$ 21,900.9 Million, growing at a strong CAGR of 4.2%.
Sodium chloride, commonly known as salt, occurs in the form of cubic crystals and is used in large quantities across various industrial applications. Most of the sodium chloride globally produced is used in chemical industry, manufacturing and for other industrial applications such as eliminating ice and snow from roads, water softening, stabilizing soils, etc.
Only a small fraction of it goes for food industry, which is omitted from the scope of this report. Significant demand for industrial sodium chloride comes from chlor-alkali industry for its consumption as a primary feedstock in these industries.
The earliest technique used for the production of sodium chloride was the evaporation of seawater by sun-heat, which is majorly suited for hot and dry regions near salty lakes or the ocean.
Sea water is considered as an unlimited source for sodium chloride production, but the differentiation in favorable soil and weather conditions affects its commercial production along the coastline. With a large presence of regional as well as global players, industrial sodium chloride market is estimated to be highly competitive and fragmented.
For Critical Insights, Request for PDF Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1799
Global Industrial Sodium Chloride Market Dynamics
Increasing demand for chlor-alkali, e.g. consumption of chlorine in ethylene dichloride production, etc., is one of the leading factors driving growth of industrial sodium chloride market globally. Low-cost and simplicity of the solar evaporation production process is also one of the major factors affecting growth of this market from the supply side.
The annual demand for industrial sodium chloride is also impacted by business cycles of its end-use industries as well as climatic conditions.
For its bulk use in chemical processing industry, sodium chloride production, in many instances, is vertically integrated with other downstream production such as in case of chlor-alkali industry. Since, sodium chloride is easily available in most regions of the world, large distance trade is expected to be very unlikely due to its lower costs.
Global Industrial Sodium Chloride Market Segmentation
Global industrial sodium chloride market can be segmented on the basis of end-use and production source.
On the basis of end-use, global industrial sodium chloride market is segmented into the oil field, pharmaceutical, water treatment, textile, chemical processing, de-icing, agriculture and other industrial. On the basis of production source, global industrial sodium chloride market is segmented into seawater, rock mines and brine solution.
Global Industrial Sodium Chloride Market: Regional Outlook
On a regional basis, global industrial sodium chloride market is segmented into seven key regions, namely, North America, Latin America, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe and Japan. APEJ, followed by North America, is expected to be the largest market for industrial sodium chloride.
Chemical processing industry is expected to hold disproportionately large shares in the APEJ industrial sodium chloride market. APEJ is also expected to be the fastest growing region in the global industrial sodium chloride market due to high demand growth for chemical processing industry.
Significant demand in North America is expected to come from its application as a deicing agent, which highly depends upon the climatic conditions of the region.
Global Industrial Sodium Chloride Market: Key players
Some of the major players involved in the production of industrial sodium chloride include China National Salt Industry Corporation (CNSIC), Cargill, Incorporated, The Dow Chemical Company, K+S AKTIENGESELLSCHAFT, ICL Fertilizers, The Henrique Lage Salineira do Nordeste, Dominion Salt, Tata Chemicals Ltd., Maldon Crystal Salt Co., Akzo Nobel N.V. and others.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Market Supply & Demand
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Manufacturing Technology
- Market Value Chain
Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-1799
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Benelux)
- Eastern Europe (Poland, Russia)
- Asia Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
- Japan
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Have a Look at Related Research Reports of Chemicals & Materials
Sodium Chloride Market: Sodium chloride sourced from sea water and brine will be valued at US$ 27.9 Bn in 2021. Demand is expected to remain high owing to versatile applications in a wide range of industries, especially in chemical applications.
Polyvinyl Chloride Market: The polyvinyl chloride (PVC) market is set for positive growth at approximately 4.2% CAGR over the course of projection period (2019-2029). The key end-use segment catalysing the growth of PVC market is pipe & fittings segment.
Pharmaceutical Grade Sodium Chloride Market: Future Market Insights (FMI) has forecasted the market of pharmaceutical grade sodium chloride to grow with a year on year growth of 5.7% in 2022 reaching a value of about US$ 315.8 Mn by 2022 end.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com