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.
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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.
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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
- Flavoring agents and food preservatives
- Water treatment
- Other Apps
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.
- In 2021, the FDA granted Aurobindo Pharma clearance to produce and market Dexmedetomidine Hydrochloride 0.9% Sodium Chloride Injections in the United States.
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The key players in the sodium chloride Market
- Cargill Inc.
- Akzo Nobel SA
- Mineral Compass
- 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.
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