According to a recently published report by Research Nester on “Industrial Sodium Chloride Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global industrial sodium chloride market in terms of market segmentation by product type, by end use application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Sodium chloride (NaCl), commonly known as salt, occurs in the form of cubic crystals and is used in large quantities across various industrial applications. Sodium chloride is the basic compound required in the human body for absorbing and transporting nutrients, maintaining blood pressure, and has its other usage. NaCl is used as additives to prevent food from spoilage, also in fermenting processes in the food industry. Owing to these factors, the global industrial sodium chloride market is anticipated to record a CAGR of 5% over the forecast period i.e. 2019-2027.
Furthermore, sodium chloride is used in many other applications which includes chemical intermediates, water treatment, deicing, animal feed additive. Salt acts as an ion-exchange resin, which helps soften the water used in water treatment plants. Sodium chloride is additionally used as flavoring agent and food preservative agent as it presents properties like taste enhancer, distinct flavor, color and pleasant aroma.
On the basis of regional analysis, the industrial sodium chloride market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia-Pacific is the dominating region in terms of consumption and production of sodium chloride, with China reported for more than one-fourth of the market share owing to its increasing demand for water treatment, chemical, and food & beverage industries. North America is the second largest consumer of NaCl, in reference to its use in deicing industry. The consumption in deicing application varies substantially depending upon the climatic conditions. The market for North America and Europe is mature and is expected to grow at a slow rate.
NaCl as Chemical Reagent
The highest demand for NaCl has been 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 is expected to spur the demand for sodium chloride.
Rapid Growth in Food & Beverages Industry - The F&B industry across the world is anticipated to increase substantially on the back of rising disposable income and change in food habits of consumers. In food sector, sodium chloride is used for seasoning, coloring, curing meats, preserving fish, etc. The medical uses are in catheter flush injections or intravenous infusions and for cleaning objects such as contact lenses. Inhaling sodium chloride helps remove certain bacteria in body secretions.
This report also provides the existing competitive scenario of some of the key players of the industrial sodium chloride market which includes company profiling of Tata Chemicals Limited, Cargill Incorporated, Dampier Salt Ltd., Salinen Austria AG, China National Salt Industry Corporation, Akzo Nobel N.V., Wacker Chemie AG, Swiss Salt Works AG, Cheetham Salt Limited and The Dow Chemical Company.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the industrial sodium chloride market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.