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.
Request Sample Copy of Report@
https://www.futuremarketinsights.com/reports/sample/rep-gb-11612
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
Before Buying, Visit for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-11612
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
Contact Sales for Further Assistance in Purchasing this Report@
https://www.futuremarketinsights.com/checkout/11612
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.
Explore FMI’s Extensive Ongoing Coverage in the Chemicals & Materials Domain
Potassium Carbonate Market Value: The global potassium carbonate market is projected to total US$ 3.2 Bn by 2033, finds Future Market Insights (FMI) in a recent market analysis. The market is forecast to grow at a steady 4.6% CAGR over the forecast period.
Biocides Market Growth: The biocides market is anticipated to expand its boundaries at an average CAGR of 3.4% during the forecast period. The market holds a share of US$ 8.9 Bn in 2023 while expecting revenue of US$ 12.5 Bn by 2033.
Phenylethyl Market Overview: The market for phenylethyl was valued at US$ 269.85 billion in 2022 and is predicted to reach US$ 461.85 billion by 2032, growing at a 5.7% CAGR.
About Us
Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse the latest Market Reports: https://www.futuremarketinsights.com/category/chemicals-and-materials
LinkedIn| Twitter| Blogs