The report of Sodium Chloride market, By Grade (Vacuum Salt, Rock Salt and Solar Salt) Application (Chemical Intermediate, Food Processing, Pharmaceuticals, Agriculture, Deicing and Others) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach X.20 Bn by 2027, at a CAGR of X.45% during a forecast period.
By grade segment is expected to grow at the highest CAGR of XX% during the forecast period.
Vacuum grade is projected to be the major segment of the market during the forecast period. Vacuum brine salt is widely used in pharmaceutical industries as coolant fluid owing to its low toxicity property is attracting the vendors present in the market, since pharmaceutical industries are growing expected to propel the market growth in coming years. Ease of availability with low cost of the salt are boosting the grade segment of the sodium chloride market.
The North America region dominated the Sodium Chloride Market in 2019.
Regionally, Asia pacific is expected to witness the noticeable growth during the forecast period. Evolving economies in Asia Pacific like India and China are major consumer and producers of chlor-alkali products. Growth in the chemical industry is improving the consumption rate of chlor-alkali; thus increasing the demand for sodium chloride. Additionally, increase in acceptance of packaged food with changed food habit remain the main reason for boosting the demand of sodium chloride in food preservation applications.
Major Key player’s executing in the Global Sodium Chloride Market are, China National Salt Industry Corporation, Compass Minerals International, Inc, Shijiazhuang Ligong Machinery Co., Ltd, Hubei Aoks Bio-Tech Co., Ltd, Sudwestdeutsche Salzwerke AG, K+S AKTIENGESELLSCHAFT, Swiss Salt Works AG, Argill Incorporated, Tata Chemicals Ltd, Wacker Chemie AG, Akzo Nobel N.V, Dampier Salts, INEOS Salts and Cheetham Salt.
Maximize Market Research, a global market research with a dedicated team of specialists and, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Sodium Chloride Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Sodium Chloride Market positioning of competitors.
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