The global Sodium Chloride market size is expected to be worth USD 30.27 billion in 2024 and USD 35.47 billion by 2029, growing at a CAGR of approximately 3.22% during the forecast period.
Salt is another name for sodium chloride. It comes in the form of a crystal. It is widely employed in a range of industrial applications. Seawater and subterranean rock formations are the main sources of sodium chloride. The chemical industry uses it as a primary source of chlorine. Vacuum and solar evaporation technologies are used to get sodium chloride from salt water or brine. It's one of the most abundant minerals on the planet. It is widely utilized in a variety of sectors, including textile materials, chemical products, personal care, plastics, and food & beverage. It has a white crystalline solid consistency and functions as an aperient as well as a flame blocker. It's also required for keeping the fluids and electrolytes of a person's body in check.
Furthermore, salt is required for the body’s ability to absorb and deliver materials, maintain blood pressure and fluid balance, send nerve messages, and contract as well as relax muscles. Because salt is widely available and affordable, it is a key source of hydroxide solution (sodium) and chlorine production. Salt is largely used in the food industry for flavoring, curing meats, dyeing, and preserving fish. It aids in the enhancement of taste, the preservation of foods, the prevention of spoiling, and the safe consumption of ready-to-eat meats and cheeses. Foods like sauerkraut, pickles, and kefir all need salt in the fermentation process.
In the Global Sodium Chloride Market, an increase in disposable income is a major development driver. In the next years, strong growth for sodium chloride within the residential sector is expected to amplify the market position. Furthermore, manufacturing's focus on generating high-quality consumer goods is making a substantial contribution. The chemical industry's expansion has increased demand for Chlor-alkali goods including chlorine, bicarbonate of soda, and soda ash. Although sodium chloride is used in a wide range of sectors, which include paper, tissue, glassware, plastic, bleaches, cleaners, soaps, dyes, and detergents, it is mostly used by the chemical industry.
When the blood contains too much salt, your brain tells the kidneys to release extra water into your circulation. Blood volume as well as blood pressure rise as a result of this. You will absorb less water into your system if you reduce your salt intake. Your blood pressure will be lower as a result. As a result, a primary driver for development in the Sodium Chloride Market is the continually expanding intake of processed food by populations throughout the world. In addition, the substance is employed in processed cheese and meat, along with additional preservatives. The Sodium Chloride Market is growing due to the increasing number of applications being developed.
The restraining factors that are limiting the growth of the global sodium chloride market are - Potential restrictions to the entire market including an increase in health-conscious consumers, along with dieticians and physicians advise to consumers to have a balanced salt consumption, challenges in sodium chloride storage, and a poor profit margin and also the development of numerous alternative compounds with improved qualities for use in the preservation as well as de-icing agents is projected to slow market growth.
The COVID-19 pandemic has affected individuals’ lives the whole way across the world. Each firm should battle on two fronts: well-being and financial matters and should experience this forced downturn on two fronts. With both the worldwide monetary emergency causing large chunks of change deficiencies, there's a great deal of expectation that the recuperation stage will go without a hitch. COVID has harmed the whole planet because of its spread. Lockdowns and hearty social-removal removal measures have been carried out in practically every country. Supply networks have, as of now, been disturbed thus. The pestilence has unleashed destruction on the worldwide framework. On account of this, there were potential gains and drawbacks for the worldwide market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
3.22% |
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Segments Covered |
By Source, Application, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
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Market Leaders Profiled |
AkzoNobel, Cargill, Compass Minerals, K+S Aktiengesellschaft, Wacker Chemie, Südwestdeutsche Salzwerke, INEOS, DSL, Swiss Salt Works |
Seawater is the dominant one in the global sodium chloride market because rock salt is obtained organically, it is said to be healthier. Because it includes minerals from the sea, sea salt has a salty flavor and a little higher complexity than rock salt. Ayurvedic medicine has traditionally utilized rock salt to improve skin health and cure cough, common cold, and stomach ailments.
The chemical industry has a substantial market share in the sodium chloride market. Due to the widespread use of salt as a raw material as well as a chemical reagent, it is expected to be a fast-increasing market throughout the projection period. NaCl is an important chemical in the chemical industry, and it's used to make sodium chloride, caustic soda, sodium bicarbonate, and ammonium chloride among other things. Salt has historically been used to de-ice roadways, which are dispersed by snowplows or specially equipped dump trucks.
This is mostly attributable to rising disposable income and increased urbanization in these nations. It may also be related to the growing hospitality sector and market expansion in chemical industries and markets, which can be ascribed to the big chemical manufacturing base's high consumption of sodium chloride for chemical production. The market's expansion is likely to be aided by the rapidly expanding food industry.
Because of the increasing need for de-icing applications, North America is likely to be the fastest-expanding market with the help of regional countries like the United States, Canada, and Mexico.
Due to rising industrialization and the associated increase in demand for feedstock chemicals, Europe is likely to develop significantly, and countries like the United Kingdom, Germany, France, Russia, and Italy are helping in the growth of the sodium chloride market.
AkzoNobel, Cargill, Compass Minerals, K+S Aktiengesellschaft, Wacker Chemie, Südwestdeutsche Salzwerke, INEOS, DSL, Swiss Salt Works are some of the notable companies in the global Sodium Chloride market.
9th March 2022: Bridge Biotherapeutics and Cellion BioMed have agreed to collaborate on the development of BBT-301, an experimental ion modulator therapy, as a treatment for idiopathic pulmonary fibrosis (IPF) and other fibrotic illnesses, because this is a BBT-301 in-license, a new medication candidate for the treatment of fibrotic illnesses.
25th September 2020: In the United States, Dr. Reddy introduces Dexmedetomidine Hydrochloride in 0.9 percent Sodium Chloride Injection. Dr. Reddy's Laboratories has announced the launch of Dexmedetomidine Hydrochloride in 0.9 percent Sodium Chloride Injection, a therapeutic equivalent generic form of Precedex (dexmedetomidine hydrochloride) in 0.9 Sodium Chloride Injection. The US Food and Drug Administration has given its approval for injection (USFDA).
By Source
By Application
By Region
Frequently Asked Questions
China has emerged as one of the key markets for sodium chloride, which is helping in the global analysis.
Sodium chloride is obtained from seawater and the demand for this segment is owing to is high in the upcoming years.
Sodium chloride is extensively used in the chemical sector, Due to the widespread use of salt as a raw material as well as a chemical reagent; it is expected to be a fast increasing market
Some of the top organizations producing sodium chloride are TATA chemicals, INEOS Group Holdings.
Animal feed is going to provide market participants with profitable chances which is an opportunity for the global market.
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