Global Sodium Chloride Market Report and Forecast 2024-2032

Global Sodium Chloride Market Outlook

The global sodium chloride market reached a value of USD 30.69 billion in 2023. The market is expected to grow further in the forecast period of 2024-2032 at a CAGR of 2.3% to attain a value of USD 37.62 billion by 2032. The consumption of the product is primarily driven by the agriculture (particularly fungicides) and the animal husbandry sector which account for the majority of its consumption.

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Sodium chloride finds various end-uses in various sectors such as food, medical, industrial and chemical. Some of its applications include de-icing, water softening and manufacturing of various chemicals (like caustic soda, sodium chlorite, ammonium chlorite and sodium bicarbonate). This report by Expert Market Research entitled “Global Sodium Chloride Market Report and Forecast 2024-2032” provides a comprehensive analysis for anyone who plans to foray into the industry.

Historical market trends for the Global Sodium Chloride Market have been provided from 2018-2023 and forecasts have been presented till 2032. The value chain analysis has also been covered in this report encompassing all the activities in the value chain such as exploration, mining and extraction, production, logistics, sales and marketing and application. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the industry has also been provided. The report also covers the global import and export trends of sodium chloride with the United States of America being the largest importer and Chile being the largest exporter.

This report provides an exhaustive insight into the manufacturing of sodium chloride. Factors such as chemical reactions involved, process flow, raw material requirements, mass balance and various manufacturing steps have been thoroughly discussed in the report. The report also provides a comprehensive market evaluation of the major feedstocks required for manufacturing sodium chloride viz. sodium and chlorine. For each feedstock, the report provides market trends, price trends, industry by end-use, market by region and its key manufacturers.

Properties and Applications

Sodium chloride represents a white crystalline solid with the chemical formula NaCl. It is commonly referred to as salt, table salt or common salt. It is white in colour, crystalline in appearance, saline in taste and soluble in water.

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Based on source, the industry can be divided into:

• Sea Water
• Rock Salt
• Others

It finds end-use in the following industries:

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

The major regions include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Market Analysis

Chlorine-alkali products including chlorine, caustic soda, as well as soda ash have increased demand in the chemical industry. As a main source of production of chlorine and sodium hydroxide, salt is commercially used since it is readily available and economical. In a variety of industries, chlorine is used to produce consumer goods including paper, paints and coatings, PVC, plastics and rubber goods, insecticides, soap and beverages, for example for textiles, cosmetics, agrochemicals and chemical products. The Asia Pacific emerging economies like China and India are the main chlorine-alkaline producers and users. Chlorine-alkali use is growing in the chemical sector as the industry for chemicals rises in end-user industries. Salt is used as a flavouring agent and as foods and drinks for preservation. A significant proportion of the sodium chloride market find their use in the food and drink sector. It is the third largest end-use category. Salt is commonly used in pickles and meats as a preservative. The ions present in salt prevent the fungal growth, thereby maintaining for a longer period pickles and processed meat.

Competitive Landscape

The report analyses the following key players in the global sodium chloride market, looking into their capacity, competitive landscape, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:

• K.G. International, Inc.
• Cargill Inc
• China National Salt Industry Corporation (CNSIC)
• Compass Minerals
• State enterprise Artyomsol
• Nobian
• Südwestdeutsche Salzwerke AG
• Salins Group
• Mitsui Group
• Rio Tinto Group

In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.

Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.

Key Highlights of the Report