Rock salt will be 2 times the revenue share of all others

0

USA, Rockville MD, June 14, 2022 (GLOBE NEWSWIRE) — According to the latest industry analysis from Fact.MR, a market research and competitive intelligence provider, the overall sodium chloride (NaCl) market is expected to increase at a CAGR of 3.4% from 2022 to 2032.

One of the most common minerals on the planet is sodium chloride. Seawater and the underlying rock formations are the main sources of sodium chloride. The chemical industry uses it as a primary source of chlorine. NaCl is a common condiment and preservative in the food and industrial sectors. Due to its ease of availability and cost-effectiveness, large amounts of salt are used as a raw material to create sodium and chlorine compounds.

For critical information on sodium chloride Market, demand a Sample report
https://www.factmr.com/connectus/sample?flag=S&rep_id=7450

NaCl is also used in catheter flushing injections and intravenous infusions, as well as for cleaning objects such as contact lenses. Sodium chloride is used as a raw material in various industrial processes as well as for water softening.
All these use cases are expected to give a positive boost to the NaCl market over the forecast period (2022-2032).

How can sodium chloride sales be negatively affected?
“Availability of alternative products and storage issues hampering market growth”

The industry is expected to be hampered by the introduction of many alternative compounds such as low sodium sea salt with improved qualities for use as preservatives and de-icing agents.

Growing health consciousness, combined with advice from dieticians and doctors for individuals to consume a balanced amount of salt, sodium chloride storage issues and a low profit margin are all possible restrictions for the whole of the industry.

Sodium bicarbonate is a salt that dissolves in water to produce sodium and bicarbonate. Ammonium chloride is a completely soluble white crystalline salt used in fertilizers and artificial flavors. The rapid growth of the chemical industry has increased the demand for chlor-alkali products.

Because salt is widely available and affordable, it is used as a key source of chlorine and sodium hydroxide. Pickles and processed meats contain a lot of salt as a preservative. The ions in the salt inhibit the growth of fungi, which helps preserve pickles and processed meat for long periods of time.

To learn more about sodium chloride Market, you can contact our analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7450

Key segments covered by the sodium chloride Industry survey

  • NaCl Market by Type:
    • Rock salt
    • Solar Salt
    • Other types
  • NaCl Market by Application:
    • Chemical intermediates
    • Defrost
    • Flavoring agents and food preservatives
    • Water treatment
    • Agriculture
    • Other Apps

Competitive landscape

Companies seek strategic relationships with end users and distributors to meet varied consumer demands. To strengthen their presence, sodium chloride suppliers are looking for methods of acquisition and regional expansion, in addition to focusing on product approvals.
The introduction of online sales is likely to provide positive growth opportunities for industry players.
For instance,

  • In 2021, the FDA granted Aurobindo Pharma clearance to produce and market Dexmedetomidine Hydrochloride 0.9% Sodium Chloride Injections in the United States.

Get customization on sodium chloride Market Report for specific search solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7450

The key players in the sodium chloride Market

  • Cargill Inc.
  • Akzo Nobel SA
  • Mineral Compass
  • INEOS
  • nourion
  • Rio Tinto
  • Tata Chemicals Europe
  • Wacker Chemie AG

Main takeaways from sodium chloride Market research

  • The global NaCl market will reach a valuation of US$24.73 billion by 2032.
  • The North America market is expected to grow by 3.2% CAGR during the forecast period.
  • The APAC market represents 29.1% of the global market.
  • The use of NaCl in chemical intermediates is projected to increase at a CAGR of 4.2% from 2022 to 2032.

Knowledge of Fact.MR domain in Chemicals and Materials

Our team of chemistry and materials consultants guide organizations through every step of their business strategy by helping you understand how the latest influencers explain the operational and strategic transformation of the chemistry and materials industry. Our expertise in recognizing challenges and trends impacting the global chemicals and materials industry provides much-needed insight and support – encompassing a strategic perspective that helps you identify critical issues and design appropriate solutions .

Check out Fact.MR’s coverage on the Chemicals and Materials Domain-

Cold Flow Improvers MarketThe worldwide consumption of cold flow improvers is currently estimated at US$767 million. In-depth industry analysis reveals that the global cold flow improvers market will expand at a CAGR of 6.4% and reach a market valuation of $1.4 billion by the end of 2032.

Glycolic Acid Market– Glycolic acid sales were valued at US$475 million in 2021 and are expected to register an annual growth rate of 5.2% in 2022 to reach a valuation of US$500 million. From 2022 to 2032, the industry is expected to register a CAGR of 7%, closing at a market value of US$988.3 million.

Imaging Chemicals Market– The global imaging chemicals market is expected to be valued at US$26.94 billion in fiscal year 2022, from US$25.43 billion in 2021. Over the past year, the industry recorded a 5.9% year-on-year increase. From 2022 to 2032, sales of Imaging Chemicals are poised to flourish at a CAGR of 6% to reach a value of US$48.2 billion by the end of 2032.

Ethylene Vinyl Acetate Market– The global ethylene vinyl acetate market reached US$8.99 billion and is expected to grow at a CAGR of 2.4% to reach a market valuation of US$11.37 billion by 2032. Growing demand for elastomeric polymers and their application in industries such as footwear, packaging, agriculture, pharmaceuticals, etc., is driving the expansion of the ethylene vinyl acetate (EVA) market ).

Glyoxal Market– The global ethanedial market is expected to be valued at US$1.46 billion in fiscal year 2022, from US$1.4 billion in 2021. Over the past year, the industry has witnessed a 4.3% year-over-year increase. From 2022 to 2032, ethanedial sales are expected to flourish at a CAGR of 4.4% to reach a value of US$2.25 billion by the end of 2032.

Phenolic Resins MarketGlobal phenolic resins sales reached US$14.69 billion in 2022 and according to detailed analysis, the global phenolic resins market is expected to register a CAGR of 5.4% to reach a valuation of US$24.78 billion. Americans by 2032.

Mussel plastics marketThe global molded plastics market reached US$165.8 billion in 2022 and is expected to exceed a valuation of US$260.5 billion by 2032, growing at a CAGR of 4.7% during the said period.

Ethylene Oxide MarketThe global ethylene oxide market is valued at US$51.7 billion in 2022 and is expected to expand at a CAGR of 5.8% to reach a market valuation of US$90.6 billion by 2032. The growth of the market is mainly due to the increase in ethylene oxide. demand from the textile industry.

polyurethane marketThe global polyurethane consumption is valued at US$83.1 billion in 2022, and the market is expected to reach US$162.3 billion by 2032, growing at a high CAGR of 7% from 2022 to 2032.

2K Protective Coatings MarketThe global 2K protective coatings market reached a valuation of US$8.73 billion in 2021. The market is poised to witness an annual expansion of 3.1%. In the long term, the industry is expected to register a value CAGR of 5%, which is expected to be valued at US$14.66 billion by the end of the valuation period 2022-2032.

About Us:
Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide spectrum – from automotive and Industry 4.0 to healthcare and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Our sales offices in the USA and Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals and we will be a competent research partner.

Contact:
Mahendra Singh
USA Sales Office:
11140 Rockville Pike
Office 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
Follow us: LinkedIn | Twitter

Share.

Comments are closed.