The global sodiumchloride market wasvalued at US$ 15,951.26 Mn in 2017 and is anticipated to expand at a CAGR of3.8% from 2018 to 2026, according to a new report titled ‘Sodium Chloride Market: GlobalIndustry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’published by Transparency Market Research (TMR). The global sodium chloridemarket is driven by the rise in the increase in application of sodium chloridein various end-use applications such as chemical intermediates and andde-icing.
Risein Demand for Sodium Chloride in Chemical Intermediates Industry to Fuel Market
Sodiumchloride is used as salt in various applications. The chemical industry is themajor consumer of salt for chlor-alkali products such as chlorine, soda ash,and caustic soda. Chlor-alkali products are used to manufacture various end-useproducts such as polyvinyl chloride (PVC), glass, dyes, detergents, and soaps.Chlor-alkali products of salts are significantly used as primary feedstock inthe chemical industry. Salt acts as an ion-exchange resin, which helps softenthe water used in water treatment plants.
RapidGrowth in Food & Beverages Industry in Emerging Economies in Asia PacificPropelling Demand for Sodium Chloride in Flavoring Agents & FoodPreservatives Applications
Thenumber of gourmet restaurants across the world is anticipated to increasesubstantially in the next few years due to the rise in disposable income andchange in food habits of consumers. Rise in the number of exotic foodbusinesses is anticipated to fuel the demand for gourmet salts such as fleur desel, sel gris, flake, and Himalayan salt due to their properties such as colorand flavor.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7304
Theuse of salt as a flavoring agent and natural food preservative is expected torise during the forecast period due to the growth in the food & beveragesindustry.
OthersGrade of Salt to Dominate Global Sodium Chloride Market
Basedon grade, the sodium chloride market has been segmented into rock salt, solarsalt, and others (brine & vacuum). Others is expected to be the majorsegment of the market during the forecast period. The mechanical method used tovaporize brine to obtain crystalized salt at controlled thermal conditions iscalled vacuum evaporation. The salt obtained through this method is known asevaporated salt or vacuum-evaporated salt. Easy availability and low-costfeature of the salt are boosting the others segment of the sodium chloridemarket.
More Trending Reports
AsiaPacific Expected to Dominate Global Sodium Chloride Market
Basedon region, the global sodium chloride market has been classified into NorthAmerica, Europe, Asia Pacific, Middle East & Africa, and Latin America.Asia Pacific is estimated to be the leading region of the sodium chloridemarket during the forecast period. Growth in the chemical industry haspropelled the demand for chlor-alkali products such as chlorine, caustic soda,and soda ash. Commercially, salt is used as a primary source for chlorine andsodium hydroxide production, as it is extensively available and inexpensive.Chlorine is used in various industries, such as textile, plastics,agrochemicals, and chemicals, to manufacture consumer products such as papers,paints & coatings, pharmaceuticals, PVC, plastic & rubber products,insecticides, and soaps & detergents. Emerging economies in Asia Pacificsuch as China and India are major producers and consumers of chlor-alkaliproducts. Growth in the chemical industry is boosting the consumption ofchlor-alkali. This, in turn, is augmenting the demand for sodium chloride.Furthermore, increase in adoption of packaged food and change in food habit areboosting the demand for sodium chloride in food preservation applications.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=7304<ype=S
HighDegree of Competition among Market Players
Highdegree of competition exists among market players operating in the sodiumchloride market. The market is moderately consolidated. It is dominated bylarge players. Key players account for major share of the market. Prominentplayers profiled in the report are Akzo Nobel N.V., Cargill, Incorporated,Compass Minerals International, Inc., K+S AKTIENGESELLSCHAFT, Tata ChemicalsLimited, Wacker Chemie AG, Südwestdeutsche Salzwerke AG, The Henrique LageSalineira do Nordeste, INEOS Salts, Maldon Crystal Salt Co., Dampier SaltLimited, Swiss Salt Works AG, Cheetham Salt, and Dominion Salt.
About Us
Transparency Market Research (TMR) is a global marketintelligence company providing business information reports and services. Thecompany’s exclusive blend of quantitative forecasting and trend analysisprovides forward-looking insight for thousands of decision makers. TMR’sexperienced team of analysts, researchers, and consultants use proprietary datasources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by ateam of research experts so that it always reflects the latest trends andinformation. With extensive research and analysis capabilities, TransparencyMarket Research employs rigorous primary and secondary research techniques todevelop distinctive data sets and research material for business reports.
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
