Published: Apr, 2018
According to a recent research report by Transparency Market Research (TMR) the global sodium chloride market is extremely competitive. Several Global as well as Regional players a train hard to account for the higher percentage of the shares of the market. Manufacturers are also trying to make products of salts, highlighting the various health related issues. A case in point would be Tata Salt Lite which is a product by Tata Salt, that has low sodium salt so as to give 15% reduced sodium than regular salt. Some of the leading manufacturers operating within the global sodium chloride market are Cargill Incorporated, Dampier Salts, Tata Chemicals Ltd., Akzo Nobel N.V., Compass Minerals International, Inc., Wacker Chemie AG, Südwestdeutsche Salzwerke AG, Swiss Salt Works AG, INEOS Salts, Cheetham Salt, and China National Salt Industry Corporation.
Asia Pacific Estimated to Continue to Lead in Sodium Chloride Market
According to Transparency Market Research, the global sodium chloride market US$19.37 bn by 2024. On the basis of geography, Asia Pacific is estimated to be the likely leader on account of rising demand from end-use industries such as chemicals, water treatment, and food and beverages. On the basis of application, the global sodium chloride market is led by the segment of chemical intermediates. Sodium chloride is extensively used for the production of dyes, soap, detergent, glass, and PVC and this is behind the growth of the chemical intermediate segment.
Growing Demand for Sodium Chloride from Chemical Industry, Driving Growth of Market
One of the key factors boosting the growth of the global sodium chloride market is the high demand for chlor-alkali items such as caustic soda, chlorine, and soda ash. The food and beverage sector along with the chemical industries especially in the emerging nations are behind the growth of the global sodium chloride market. Sodium chloride is used extensively in areas where it snows for the application of de-icing, wherein de-icing of snow on the public and private areas such as highways, airports, roads, public grounds, and airplanes requires the use of sodium chloride.
Adequate Amounts of Salt Available Worldwide to Reduce Overall Revenue for Industry Participants
The report discusses not only the factors fuelling the growth of the global sodium chloride market battles of the factors that are going against the growth. One of the key factors going against the growth of this market is the simple accessibility of salt across the globe and in adequate amounts. This is creating intense rivalry among players with in the market of sodium chloride. Moreover it also results into low overall revenue.
This review of the market is based on a recent market research report published by Transparency Market Research, titled, “Sodium Chloride Market (Grade - Solar Salt, Rock Salt, and Vacuum Salt; Applications - Chemical Intermediate, Deicing, Flavoring Agent and Food Preservative, Water Treatment, and Animal Feed Additive) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
For the study, the global sodium chloride market is segmented into:
Sodium Chloride Market - Grade Analysis
- Solar Salt
- Rock Salt
- Others (Vacuum Salt, etc.)
Sodium Chloride Market - Application Analysis
- Chemical Intermediate
- Flavoring Agent & Food Preservative
- Water Treatment
- Animal Feed Additive
- Others (Pharmaceuticals, etc.)
Sodium Chloride Market - Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
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