Industrial Sodium Chloride Market to Expand at a CAGR of 4.2% between 2022 and 2032

Industrial Sodium Chloride Market

According to the research conducted by Future Market Insights, the global industrial sodium chloride market is expected to grow with a phenomenal CAGR of 4.2% over the forecast period from 2022 to 2032. The global market is expected to reach a valuation of around US$ 14,513.9 Mn in 2022. The sales of the industrial sodium chloride market are anticipated to increase with the top 3 countries that are projected to hold approximately 30-35% of the market by the end of 2022.

It goes without saying that the pandemic has impacted all facets of society including disruptions in the worldwide supply chain which had a major impact on the market for industrial sodium chloride. However, when gradually the infection curves started to decrease in 2022, FMI predicted that the demand for industrial sodium chloride predicts a CAGR of 4.2% by 2032. One important reason for highlighting this industry’s higher growth in the forecast period is the rising global demand for sodium chloride from the chlor-alkali industry.

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According to the historic analysis, the demand for industrial sodium chloride grew at a CAGR of 4.0% from 2017 to 2021. Growth in the market is attributed to the constant demand for sodium chloride from industries like steel production for the automotive industry, agriculture industry, water treatment, and other industrial uses. The production of industrial sodium chloride is a simple process. Major players in the market are employing the sun evaporation production technique. Hence, there is no requirement for additional industrial investments. Global demand for industrial sodium chloride is increasing as a result of this factor.

Key Takeaways

  • The widespread expansion of sodium chloride in numerous industrial applications including soil stability, clearing ice and snow from roads, and water softening, presents providers in the global industrial sodium chloride market with a compelling demand opportunity. The demand for industrial sodium chloride is specifically strong in oil & gas, pharmaceutical, chemical, water treatment, agricultural, de-icing, and other industries.
  • The application of sodium chloride is widely used in chemical processing. Three prominent products that have maximum utilization of industrial sodium chloride as raw materials comprise caustic soda, soda ash, and chlorine. Sodium chloride is a vital component in the manufacture of paper and pulp, rubber, and chlorine gas.
  • In addition to that, it is also known as a popular source of sodium hydroxide and chlorine gas which are utilized in producing plastics, chemicals, agrochemicals, and textiles. Hence, the consumption of industrial Sodium Chloride is anticipated to increase along with the demand for these chemicals.
  • The industrial sodium chloride market is gaining massive traction from several end-use industries globally. The requirement for industrial sodium chloride has witnessed popularity over the recent years and has greatly expanded in the end-use industries, which include the textile, chemical processing, water treatment, agricultural, and other industrial sectors.

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Competitive Landscape

Key market players in the global industrial sodium market are fragmented and the market is known to be very diverse. Due to the presence of well-known players in the market, it is highly competitive and is subjected to intense rivalry in the market. In order to stay competitive, businesses in the industry are concentrating on a range of strategies, including partnerships, mergers, acquisitions, and collaborations.

In addition to that, a large number of suppliers are attempting to improve the quality of the products they offer. All these aforementioned factors imply that the industrial sodium chloride market is anticipated to possess enormous growth potential internationally in the years to come.

Key Segments Profiled in the Industrial Sodium Chloride Market Report

By Production Source:

  • Seawater
  • Rock Mines
  • Brine

By End Use:

  • Oil Field
  • Pharmaceutical
  • Water Treatment
  • Textile, Chemical Processing
  • De-Icing
  • Agriculture
  • Other

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Related Links:

https://medium.com/@futurechem/recycled-concrete-aggregates-market-size-share-demand-trends-by-2032-c1f4816bebb4

https://spurstartup.mn.co/posts/34793192

https://www.spoke.com/topics/recycled-concrete-aggregates-market-size-share-demand-and-trends-by-2032-64306add0033151fd2027ce6

https://www.recentstatus.com/post/258220_recycled-concrete-aggregates-market-size-share-demand-amp-trends-by-2032-as-per.html

https://community.wongcw.com/blogs/413408/Recycled-Concrete-Aggregates-Market-Size-Share-Demand-Trends-by-2032

https://app.socie.com.br/read-blog/28667

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of 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.

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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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