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Increased Worldwide Demand for Processed Food Creates High Sales Opportunities in Sodium Chloride Market, Says TMR

Chemicals And Materials |

The global sodium chloride market is likely to gather the valuation of 22,452.75 Mn by end of 2026, states a new study published by Transparency Market Research (TMR). According to this report, the market will develop at 3.8% CAGR during the forecast period 2018–2026. This growth is attributed to many factors such as the growing application of sodium chloride across varied end uses including de-icing and chemical intermediates.

The latest study by TMR gives lucid picture of the global sodium chloride market by offering important insights on many important facets such as the drivers, restraints, challenges, and investments opportunities in the market. Apart from this, the report carries out deep discussion on the competitive landscape and regional assessment of the market for sodium chloride.

Sodium chloride refers to one of the important chemical materials that find application across varied industries. It is significantly used in the seasoning, food flavoring, and preservation applications. Therefore, the global sodium chloride market is projected to gather lucrative avenues on the back of significant growth in the consumption of processed food across the globe. In addition, growing product use in cheese and processed meat is likely to help in increasing the market sales.

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Chemical Intermediates: Rapidly Growing Application Segment of Market

Salt is used as chemical reagent and raw material across a wide range of applications. The increased product demand in the chemical industry for chlor-alkali products including soda ash, chlorine, and caustic soda is foreseen to help in rapid expansion of the chemical intermediates segment from the global sodium chloride market in the forecast period 2018–2026.

In the chemical sector, sodium chloride is used for numerous purposes such as paper, plastic, rubber, glass, soaps, bleaches, detergent, and dyes manufacturing. Thus, increased demand for all abovementioned products is foreseen to boost the sales opportunities in the global sodium chloride market in the years to follow.

Compass Minerals International, Inc., Akzo Nobel N.V., Cargill, Incorporated, Tata Chemicals Limited, K+S AKTIENGESELLSCHAFT, Südwestdeutsche Salzwerke AG, Wacker Chemie AG, INEOS Salts, The Henrique Lage Salineira do Nordeste, Dampier Salt Limited, Maldon Crystal Salt Co., Cheetham Salt, Dominion Salt, and Swiss Salt Works AG are some of the key players working in the global sodium chloride market.

The existence of many enterprises makes the competitive landscape of the sodium chloride market highly intense. Several players are focusing on technological advancements in order to gather leading position in the market. Apart from this, many enterprises are investing in the research activities. The main motive of these researches is to understand the chemistry of sodium chloride. All these activities are likely to generate lucrative avenues in the global sodium chloride market in the years ahead.

Asia Pacific: Dominating Region in Sodium Chloride Market

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America are important regions of the global sodium chloride market. Among all, Asia Pacific is projected to be dominant region in the market during forecast period 2018–2026. The Asia Pacific market is experiencing growth avenues due to increased demand chlor-alkali products such as caustic soda, chlorine, and soda ash from the regional chemical industry.

Global Sodium Chloride Market Segmentation

The segmentation of the global sodium chloride market is performed based on grade, application, and region. Based on grade, the market for sodium chloride is classified into rock salt, solar salt, and others. In terms of application, the segmentation of sodium chloride market is performed into many parts such as de-icing, chemical intermediates, water treatment, agriculture, flavoring agents & food preservatives, and others.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Sodium Chloride Market (Grade - Rock Salt, Solar Salt; Application - Chemical Intermediates, De-icing, Flavoring Agents and Food Preservatives, Water Treatment, Agriculture) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.”

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