The “Industrial Sodium Chloride Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Industrial Sodium Chloride Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global industrial sodium chloride market size was US$ 28.8 billion in 2021. The global industrial sodium chloride market is forecast to grow to US$ 37.1 billion by 2030, registering a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
Sodium chloride finds its applications in various industries, such as pharmaceuticals and chemicals, oil fields, water treatment, etc. Thus, the increasing use of sodium chloride is likely to boost the growth of the global industrial sodium chloride market during the study period. In addition, increasing demand for soda ash, chlorine, and caustic soda will propel the market forward during the study period.
Industrial sodium chloride is in high demand in cold regions because it is considered the cost-efficient raw material for de-icing snow. In addition, it is also used to develop high-end alkali products. As a result, it will fuel the growth of the global industrial sodium chloride market.
The increasing awareness about the physical and chemical qualities of industrial sodium chloride is forecast to drive the market. Industrial sodium chloride is gaining high traction in the food and beverage industry. Thus, it will contribute to market growth.
Growing industrialization and rising population will boost the growth of the industrial sodium chloride market.
COVID-19 Impact Analysis
The coronavirus outbreak has negatively influenced the industrial sodium chloride market. In severely impacted areas, the federal government and other local authorities have imposed a complete lockdown. As a result, it disrupted the industry’s supply and demand chain. Many end-use sectors ceased operations as a result of COVID-19. The market may begin to recover once the government bodies lift lockdown and other restrictions.
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Regional Analysis
Asia-Pacific industrial sodium chloride market is forecast to emerge as the largest market due to the presence of a high population. In addition, the governments in these countries are working on increasing industrialization. As a result, it will benefit the overall industrial sodium chloride market. In addition, the high healthcare expenditure and favorable government initiatives are forecast to benefit the Asia-Pacific industrial sodium chloride market. North America is likely to see a significant increase in demand for industrial sodium chloride. The increased use of industrial sodium chloride as a deicing agent is a major contributor to the region’s growth.
Competitors in the Market
- 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
- The Dow Chemical Company.
- Other Prominent Players
Market Segmentation
The global industrial sodium chloride market segmentation focuses on Product, Applications, and Region.
Based on product
- Seawater Solution
- Rock Mines Solution
- Brine Solution
Based on applications
- Oil Field
- Pharmaceutical
- Water Treatment
- Textile
- Chemical Industry
- Agriculture
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Based on region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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