According to the report, global demand for Sodium Chloride Market was valued at approximately USD 28.10 Billion in 2019, and is expected to generate revenue of around USD 33.5 Billion by end of 2026, growing at a CAGR of around 2.5% between 2020 and 2026.
The report covers forecast and analysis for the Sodium Chloride market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion). The study includes drivers and restraints for the Sodium Chloride market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Sodium Chloride market on a global as well as regional level.
In order to give the users of this report a comprehensive view on the Sodium Chloride market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein End-Use segment is benchmarked based on its market size, growth rate and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the Sodium Chloride market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the Sodium Chloride market on global and regional basis. The outbreak COVID-19 is likely to have a major impact on the global the plastics in personal protective equipment market in the upcoming periods.
The study provides a decisive view on the Sodium Chloride market by segmenting the market based on Sources, End-Use. The Source segment covered under this study includes Sea Water, Rock Salt, Others. The End-Use segments covered under this study include Chemical Industry, Food Grade Salt, Road De-icing, Others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa. This segmentation includes demand for individual segments in all the regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global Sodium Chloride market. Key players profiled in the report include Dampier Salts, Akzo Nobel N.V., Tata Chemicals Ltd., Cargill Incorporated, Sdwestdeutsche Salzwerke AG, Compass Minerals International, Inc., Wacker Chemie AG, Swiss Salt Works AG, China National Salt Industry Corporation, INEOS Salts, and Cheetham Salt.
This report segments the Global Sodium Chloride Market as follows:
Global Sodium Chloride Market: Source Analysis
Global Sodium Chloride Market: End-Use Analysis
Global Sodium Chloride Market: By Region
Increasing demand for the sodium chloride from various industries such deicing, as food and beverages, chemicals, and others are fueling the market growth. In addition to this, growing demand in the pharmaceutical industry is also stimulating the market growth during the forecast period.
According to the report, global demand for Sodium Chloride market was valued at approximately USD 28.10 Billion in 2019, and is expected to generate revenue of around USD 33.5 Billion by end of 2026, growing at a CAGR of around 2.5% between 2020 and 2026.
The Asia-Pacific market accounted for the largest share in 2018 and is projected to register the highest CAGR during the upcoming period.
Key players are mainly focusing on R&D, infrastructural development, and expansion of their manufacturing facilities, The report also includes detailed profiles of key players such as Dow Chemical; Mistral Industrial Chemicals; INEOS Corporation; ReAgent Chemicals Ltd.; LyondellBasell Industries; Linde Gas; Ecolab; Royal Dutch Shell; ExxonMobil Corporation.