The Future of Sodium Chloride Market: Growing Demand in the Pharmaceutical Industry

The sodium chloride market is valued at US$ 44.4 Billion in 2023 and is anticipated to value at US$ 67.4 Billion by 2033. The Sales of sodium chloride are likely to grow at a CAGR of 4.4% during the forecast period. There is a growing demand for sodium chloride in the chemical sector to develop products such as dyes, paper, plastic, rubber, and detergents to advance market growth.

Feedstock chemical is highly used in developing chemical products, which in turn boosts the market. An increase in the adoption of sodium chloride by manufacturing companies is observed to make polyester, cleaning tools, and machinery.

Moreover, the growing adoption of sodium chloride by the food and beverage industry increases the shelf life of food and enhances its quality. The demand for sodium chloride to preserve foods such as meat and cheese is also likely to increase market opportunities during the forecast period.

The manufacturers are growing in the pharmaceutical industry to treat dehydration and excessive sweating and with increasing adoption of sodium chloride. In addition, there is a growing demand for sodium chloride from the healthcare sector to maintain blood pressure and relax patients’ muscles.

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A Glimpse of Top Countries in the Sodium Chloride Market

The US dominates the global market by recording a CAGR of 3.8% with a valuation of US$ 4.0 Bn during the forecast period. Growing disposable income and rising end-use industries such as chemical and food are advancing the US market size. Additionally, the US market growth is fueled by the increasing adoption of sodium chloride in the chemical sector to increase the production of chemical products.

China is estimated to capture a CAGR of 6.2% with a valuation of US$ 2.9 Bn during the forecast period. Increasing consumption of sodium chlorine for cleaning equipment in the healthcare sector is observed in China. The manufacturers are advancing the food and beverage industry to maintain the shelf life of food and preserve it for a long time in China.

Key Takeaways:

  • The sodium chloride market valuation is expected at US$ 67.4 Bn by 2033.
  • The global market is increasing during the forecast period by witnessing a CAGR rate of 4.4%.
  • The market in the United States is anticipated to grow at a CAGR of 3.8% through 2033.
  • The China market is likely to uplift significantly during the forecast period with a CAGR of 6.2%.
  • The Japanese market is expected to grow at a CAGR of 3.3% over the forecast period.

Some of the leading companies operating in the market are

  • Cargill incorporated
  • Compass Minerals International.
  • K+S AKTIENGESELLSCHAFT
  • Wacker Chemie AG
  • Akzo Nobel N.V.
  • Tata Chemicals Limited
  • Südwestdeutsche Salzwerke AG
  • INEOS GROUP HOLDINGS S.A
  • Hindustan Ltd
  • Dampier Salt Limited
  • Others

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Who is Winning?

The prominent manufacturers and vendors are impelling the market size by increasing the production of sodium chloride all over the region during the forecast period. In addition, distribution channels, emerging suppliers and new market entrances are advancing the market opportunities. The adoption of different market strategies and millions of dollars in investment by the market players greatly contribute to boosting the maximum output in the market.

In Jan 2021, FDA announced legal approval for Aurobindo Pharma to manufacture and distribute 0.9% sodium chloride injection to the US healthcare industry.

Sodium Chloride Market by Category

By Grade:

  • Agriculture
  • Food
  • Industrial
  • Pharmaceuticals

By Source:

  • Sea Water and Brine
  • Solid

By Product Foam:

  • Liquid
  • Solid

By End Use:

  • Agriculture
  • Chemicals
  • Deicing
  • Food & Beverages
  • Industrial
  • Leather Industry
  • Oil & Gas
  • Pharmaceuticals
  • Water Treatment

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End-use Industries Propel the Sodium Chloride Market Growth

An increase in the demand for alkaline products such as chlorine, soda ash, and caustic soda is impelling the sodium chloride market growth. There are a few more factors that are expected to bolster the market growth during the forecast period, such as the growing population, emerging industries, and disposable income. The rising adoption of sodium chloride in various end-use industries such as water treatment, animal feed, agrochemicals, and oil & gas is the key factor contributing to market expansion.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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