Rock salt to calculate twice the revenue share of all other companies

US, Rockville MD, June 14, 2022 (GLOBE NEWSWIRE) – According to the latest industry analysis by Fact.MR, a market research firm and competitive intelligence provider, Universal Sodium Chloride (Sodium chloride) Market It is expected to rise at a compound annual growth rate of 3.4% from 2022 to 2032.

Sodium chloride is one of the most common minerals on the planet. Sea water and underlying rock formations are the main sources of sodium chloride. The chemical industry uses it as a primary source of chlorine. Sodium chloride is a common seasoning and preservative in the food and industrial sectors. Due to the easy availability and cost-effectiveness of salt, large quantities of salt are used as raw materials for the production of sodium and chlorine compounds.

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Sodium chloride is also used to inject catheters and intravenous infusions, as well as to clean things like contact lenses. Sodium chloride is used as a feedstock in a variety of industrial processes as well as to soften water.
All these use cases are expected to provide a positive boost to the NaCl market during the forecast period (2022-2032).

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

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

Increased health awareness, along with nutritionists and doctors’ advice for individuals to consume a balanced amount of salt, sodium chloride storage issues, and low profit margins are all potential limitations to the overall industry.

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

Because salt is widely available and affordable, it is used as a major 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, allowing pickles and processed meats to be stored for long periods.

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Main parts covered in Sodium chloride Industry Survey

  • Sodium chloride Market by type:
    • rock salt
    • solar salt
    • other kinds
  • Sodium chloride Market by application:
    • Chemical Intermediates
    • defrosting
    • Agents of flavoring and food preservatives
    • water treatment
    • Farming
    • Other apps

Competitive scene

Companies seek to establish strategic relationships with end users and distributors to meet the diverse requirements of consumers. To gain a stronger foothold, sodium chloride suppliers are looking at ways of regional acquisition and expansion, along with focusing on product approvals.
The introduction of online sales is likely to provide positive growth opportunities for industry participants.
for example,

  • In 2021, the Food and Drug Administration awarded Aurobindo Pharma to produce and market dexmedetomidine hydrochloride in 0.9% sodium chloride injection in the United States.

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The main players in Sodium chloride Market

  • Cargill Incorporated
  • Akzo Nobel Nevada
  • compass metal
  • Ineos
  • Norion
  • Rio Tinto
  • Tata Chemicals in Europe
  • Wacker Chemie AG

Main takeaway from Sodium chloride market study

  • The global NaCl market will reach an estimated value of $24.73 billion by 2032.
  • The North American market is expected to grow at a 3.2% compound annual growth rate (CAGR) during the forecast period.
  • The market in the Asia Pacific region accounts for 29.1% of the global market share.
  • The use of sodium chloride in chemical intermediates is expected to grow by 4.2% at a compound annual growth rate (CAGR) from 2022 to 2032.

Fact.MR field of knowledge in Chemicals and materials

Our chemicals and materials advisory team guides organizations at every step of their business strategy by helping you understand how the newest influencers account for operational and strategic transformation in the chemicals and materials sector. Our experience in recognizing the challenges and trends affecting the global chemicals and materials industry provides indispensable insights and support – encapsulating a strategic perspective that helps you identify critical issues and devise appropriate solutions.

Discover Fact.MR coverage on chemicals and materials specialization-

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