Sodium Chloride: Worldwide Market Opportunities, 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 18, 2019--The “Sodium chloride - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Sodium Chloride market accounted for $13.88 billion in 2017 and is expected to reach $22.99 billion by 2026 growing at a CAGR of 5.8% during the forecast period.
The demand for NaCl is on the flow from the chemical industry, where it is broadly used for the manufacturing of chlor-alkali products, such as chlorine, soda ash, and caustic soda and rising demand & utilization of conserved food items are some of the factors propelling the growth of the market. However, stringent regulations imposed by the government are restricting the market.
Based on the grade, vacuum salt segment witnessed steady growth and it has occurred from the salt water of the sea water. It is broadly used in various applications owing to the easy availability and low-cost attributes. The growth of this segment is attributed to the widespread usage of vacuity salt in the drilling applications, water purifying methods, and de-icing industries, among others. Development of these industries could eventually support the market growth in the forthcoming years.
By geography, Asia Pacific dominates the overall NaCl market owing to the rising demand for the chemical, food, and beverage, and water purifying industries. China holds a key share in the market. Furthermore, solar salt within the position is the fastest growing sector due to the increasing demand in the chemical industry in this region.
Manufacturing Processes Covered:Artificial Evaporation Solar Evaporation
Grades Covered:Solar Salt Rock Salt Other Grades
Applications Covered:Water Conditioning Flavoring Agents & Food Preservatives Chemical Production Pharmaceutical Oilfield & Textile Deicing Agriculture Other Applications
Companies Profiled:Tata Chemicals Limited Cargill Incorporated Dampier Salt Ltd. China National Salt Industry Corporation Compass Minerals International Inc. Cheetham Salt Limited CK Life Sciences Int’l. (Holdings) Inc. Dominion Salt Limited ICL Fertilizers Ltd. Maldon Crystal Salt Company Ltd. Salinen Austria AG
For more information about this report visit https://www.researchandmarkets.com/research/gt6m4w/sodium_chloride?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005188/en/
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 01/18/2019 07:03 AM/DISC: 01/18/2019 07:03 AM