Austin, TX, USA, May 02, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Sodium Chloride Market Size, Trends and Insights By Grade (Agriculture, Food, Industrial, Pharmaceuticals), By Source (Sea Water and Brine, Solid), By Product Foam (Liquid, Solid), By End Use (Agriculture, Chemicals, Deicing, Food & Beverages, Industrial, Leather Industry, Oil & Gas, Pharmaceuticals, Water Treatment), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand for global sodium chloride market report size was valued at approximately USD 40.65 Billion in 2022 and is expected to reach USD 44.0 Billion in 2023 and is expected to reach a value of around USD 67.4 Billion by 2030, at a compound annual growth rate (CAGR) of about 4.4% during the forecast period 2023 to 2030.”

According to the CMI Intelligence Team, the global sodium chloride market is being driven by several factors including the growing adoption of sodium chloride in food processing, the rising usage of sodium sulfide in water treatment, and the increasing consumption of processed foods.

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Sodium Chloride Market: Changing Aspects

• The sodium chloride market is experiencing growth due to multiple factors such as increased usage in food processing, water treatment, and the consumption of processed foods.
• Sodium chloride is widely used in the food industry as a preservative, flavour enhancer, and seasoning agent.
• In the water treatment industry, sodium chloride is used to remove impurities from water and to prevent the growth of harmful bacteria.
• The consumption of processed foods has also contributed to the growth of the sodium chloride market, as it is commonly used as a flavouring and preservation agent in these products.
• The market is expected to continue to grow in the coming years, driven by the increasing demand for processed foods and the rising awareness about the benefits of using sodium chloride in water treatment.

(A free sample of the Sodium Chloride report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
• Includes Tables and figures have been updated
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Sodium Chloride report has been modified to include the COVID-19 impact study prior to delivery.)

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The Sodium Chloride Market in North America

The sodium chloride market in North America is experiencing growth due to several factors, including:

• Increasing demand for processed foods: As the consumption of processed foods continues to rise in North America, the demand for sodium chloride as a flavouring and preservation agent is also increasing.
• Growing use in water treatment: Sodium chloride is widely used in North America for water treatment, particularly in the oil and gas industry. The increasing demand for oil and gas is therefore driving the growth of the sodium chloride market.
• Presence of key market players: North America is home to several key market players in the sodium chloride industry, which is driving innovation and competition in the market.
• Health benefits: Sodium chloride has been found to have several health benefits, including regulating blood pressure and maintaining proper fluid balance in the body. This has increased its demand in the food industry and among health-conscious consumers.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 44.0 Billion
Projected Market Size in 2030	USD 67.4 Billion
Market Size in 2022	USD 40.65 Billion
CAGR Growth Rate	4.4% CAGR
Base Year	2022
Forecast Period	2023-2030
Key Segment	By Grade, Source, Product Foam, End Use, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

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Sodium Chloride Market – Restraining Factors

The sodium chloride market also faces several restraining factors, including:

• Health Concerns: The high consumption of sodium chloride has been linked to health concerns such as hypertension, cardiovascular diseases, and stroke. This has led to increased public awareness and demand for low-sodium alternatives, which could impact the demand for sodium chloride.
• Availability of Substitutes: Sodium chloride has several substitutes, such as potassium chloride and calcium chloride, which can be used in similar applications. The availability of these substitutes may limit the demand for sodium chloride in some applications.
• Environmental Concerns: Salt mining and production can have negative environmental impacts, such as land degradation, water pollution, and greenhouse gas emissions. This has led to an increased focus on sustainable production methods and alternative de-icing products, which could limit demand for traditional sodium chloride products.
• Fluctuating Prices: The price of sodium chloride is subject to fluctuations due to factors such as supply and demand, production costs, and weather conditions. This can impact the profitability of companies in the sodium chloride market.
• Stringent Regulations: The production and use of sodium chloride are subject to stringent regulations, particularly in industries such as food and pharmaceuticals. Compliance with these regulations can be costly and time-consuming for companies, which could impact their profitability.

Key questions answered in this report:

• What is the size of the Sodium Chloride market and what is its expected growth rate?
• What are the primary driving factors that push the Sodium Chloride market forward?
• What are the Sodium Chloride Industry’s top companies?
• What are the different categories that the Sodium Chloride Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Sodium Chloride market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Key Players are Enhancing the Value of the Market through their Essential Upgrades.

The presence of numerous prominent players and top manufacturing companies is contributing to the expansion of the market by adding value. These players are investing substantial amounts in the market to capture maximum output. In addition, vendors are promoting their new product launches through various marketing strategies and well-planned technologies.

The market is characterized by moderate competition, with global players offering cost-competitive raw materials. It is also moderately fragmented, with tier 2 and 3 players accounting for about 70% of the market.

The market is distinguished by a vast supplier base and well-established B2B networks, with strong partnerships throughout the value chain. Robust research and development activities are also a focus for market players, who aim to establish strategic collaborations with end-users and regional distributors to meet the needs of a growing customer base.

Suppliers of sodium chloride are pursuing acquisition and regional expansion strategies to gain a stronger foothold. However, brand recognition and aggressive marketing present challenges for new entrants in the market. Additionally, the emergence of online sales is expected to create favorable growth prospects for market players.

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Browse the full “Sodium Chloride Market Size, Trends and Insights By Grade (Agriculture, Food, Industrial, Pharmaceuticals), By Source (Sea Water and Brine, Solid), By Product Foam (Liquid, Solid), By End Use (Agriculture, Chemicals, Deicing, Food & Beverages, Industrial, Leather Industry, Oil & Gas, Pharmaceuticals, Water Treatment), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/sodium-chloride-market/

Some of the leading companies operating in the market are:

• Cargill incorporated
• Compass Minerals International.
• K+S AKTIENGESELLSCHAFT
• Wacker Chemie AG
• Akzo Nobel N.V.
• Tata Chemicals Limited
• Südwestdeutsche Salzwerke AG
• INEOS GROUP HOLDINGS S.A
• Hindustan Ltd
• Dampier Salt Limited
• Others

The global Sodium Chloride Market is segmented as follows:

By Grade:

• Agriculture
• Food
• Industrial
• Pharmaceuticals

By Source:

By Product Foam:

By End Use:

• Agriculture
• Chemicals
• Deicing
• Food & Beverages
• Industrial
• Leather Industry
• Oil & Gas
• Pharmaceuticals
• Water Treatment

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By Region

North America

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

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Spectacular Deals

• Comprehensive coverage
• Maximum number of market tables and figures
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• Free 35% or 60 hours of customization.
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This Sodium Chloride Market Research/Analysis Report Contains Answers to the following Questions.

• What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Sodium Chloride Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Sodium Chloride Market? What Was the Capacity, Production Value, Cost and PROFIT of the Sodium Chloride Market?
• What Is the Current Market Status of the Sodium Chloride Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Sodium Chloride Market by Considering Applications and Types?
• What Are Projections of the Global Sodium Chloride Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Sodium Chloride Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Sodium Chloride Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Sodium Chloride Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Sodium Chloride Industry?

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Reasons to Purchase Sodium Chloride Market Report

• Sodium Chloride Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Sodium Chloride Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Sodium Chloride Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Sodium Chloride Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Sodium Chloride market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Sodium Chloride market analysis.

• The competitive environment of current and potential participants in the Sodium Chloride market is covered in the report, as well as those companies’ strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

•  Participants and stakeholders worldwide Sodium Chloride market should find this report useful. The research will be useful to all market participants in the Sodium Chloride industry.

•  Managers in the Sodium Chloride sector are interested in publishing up-to-date and projected data about the worldwide Sodium Chloride market.

•  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Sodium Chloride products’ market trends.

•  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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