IMARC Group, a leading market research company, has recently released a report titled “Sodium Chloride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global sodium chloride market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Sodium Chloride Market?

The global sodium chloride market size reached US$ 28.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.1% during 2023-2028.

What is Sodium Chloride?

Sodium chloride, commonly known as table salt, is an ionic compound composed of one sodium ion (Na+) and one chloride ion (Cl-). It exists in various forms, such as crystalline, granulated, and fine powder. The compound is colorless, odorless, and soluble in water, and is used in the production of chemicals, textiles, paper, and dyes. Sodium chloride is an essential mineral for human health and is used as a seasoning and preservative in food. It is also used in various industrial processes, such as water treatment, and chemical production.

What are the Growth Prospects and Trends in the Sodium Chloride Market Industry?

The increasing product demand for various applications, such as water treatment and as a raw material in chemical production is propelling the market growth. Besides this, the growing healthcare industry requires sodium chloride in intravenous (IV) solutions and other medical applications, contributing the market growth. In addition to this, as international cuisines gain popularity, the demand for sodium chloride, as a key seasoning ingredient, continues to rise. Moreover, the compound is extensively used in winter for de-icing roads, and the development of new road networks in cold regions necessitates its procurement in large volumes. Furthermore, the widespread product utilization as a preservative in the food industry, extending the shelf life of perishable goods, is acting as another growth-inducing factor. Apart from this, the easy product availability across online marketplaces are making it easier for consumers to access various types of sodium chloride, including specialty and gourmet salts, thereby widening the market scope. Other factors, such as rising product utilization in wellness products such as bath salt and the high availability of raw materials make sodium chloride a cost-effective solution and are anticipated to drive the market towards growth.

Who are the Key Players Operating in the Sodium Chloride Market?

The competitive landscape of the market has been analyzed, with some of the key players being.

• K+S Group
• China National Salt Industry Group (CNSIG)
• Compass Minerals International, Inc
• Cargill Corporation and Dampier Salt Limited (DSL).

What is Included in Market Segmentation?

Our report has categorized the market based on source, end-use and Region.

Breakup by Source:

• Sea Water
• Rock Salt
• Others

Analysed by End Use:

• Chemical Industry
• Food Grade Salt
• Road De-icing
• Others

Regional insights:

• Asia
• Europe
• North America
• South and Central America
• Others

Request for a PDF Sample of The Report: https://www.imarcgroup.com/sodium-chloride-market/requestsample

Key Highlights of The Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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