Sodium Chloride Market Overview
The global sodium chloride market is projected to showcase strong growth in the coming years on account of the increasing application of the compound in the chemical industry, along with a rise in its adoption as a food flavoring agent. Sodium chloride serves as a low-cost raw material for the production of high-end chlor-alkali products. Thus, in view of meeting end-use industry needs, the market is projected to showcase notable growth in the near future.
The sodium chloride market has been categorized into rock salt, solar salt, and others, on the basis of source. Among these, rock salt is expected to account for a significant market share throughout the forecast period (2021–2030). This can be ascribed to the higher yield of sodium chloride per dollar from rock salt when compared with solar salt and other sources. Moreover, solar salt is expensive than rock salt, owing to which manufacturers prefer rock salt for the production of sodium chloride. Owing to these factors, the production of sodium chloride from rock salt is expected to increase in the near future.
The sodium chloride market has also been categorized on the basis of application into chemical intermediates, de-icing, water conditioning, flavoring agents & food preservatives, agriculture, animal feed additives, drilling fluids, pharmaceutical ingredients, and others. Of these, the chemical intermediates category is expected to account for a significant share in the market. This can be ascribed to the high-volume demand for the compound for the manufacturing of chlor-alkali products, such as chlorine, caustic soda, and soda ash, which further witness a high demand for the manufacturing of polyvinyl chloride products, as well as detergents, soaps, and dyes. Additionally, the demand for the compound is expected to increase for its usage as a flavoring and food preservative agent on account of its ability to enhance the taste, color, and aroma of food products.
Geographically, Asia-Pacific (APAC) is expected to hold the largest market share throughout the forecast period. This can be ascribed to the rapid growth of the chemical industry in the emerging economies of the region, including China, India, and South Korea. The compound witnesses a high demand from the chemical industry of the region, on account of its high-volume requirement for the production of chlor-alkali products, such as soda ash, caustic soda, and chlorine. Thus, with the increase in the production of these products, the market demand for the compound as a key raw material is expected to increase, which, in turn, would boost the market in the APAC region.
Sodium Chloride Market Dynamics
Drivers
The rapidly surging demand for sodium chloride as a raw material for personal care products, as well as an intermediate for the manufacturing of chemicals, is one of the major factors driving the growth of the market. Additionally, the demand for the compound is projected to increase in the food industry with the increasing awareness on its benefits as a taste enhancer. Hence, the rising demand for the compound for end-use applications is expected to drive the sodium chloride market during the forecast period.
Restraints
In recent years, there has been a rise in consumer awareness regarding the harmful health effects of sodium chloride and its impact on vegetation and wildlife at large. The usage of the compound for the de-icing of roads often leads to the ingestion of high-sodium salts in the form of water runoff (melting snow) when consumed by the wildlife. Additionally, sodium in drinking water is a health concern for individuals restricted to low-sodium diets due to high blood pressure. Owing to this, the U.S. Environmental Protection Agency requires drinking water to be monitored for sodium, with public water suppliers required to report to local health authorities of any concentration above 20 mg sodium per liter of water (20 mg/L). Such factors are likely to restrain the market growth to a certain extent.
Sodium Chloride Market Competitive Landscape
Some of the companies operating in the global sodium chloride market are Akzo Nobel N.V., Wacker Chemie AG, Südwestdeutsche Salzwerke AG, INEOS Salts, K+S AKTIENGESELLSCHAFT, Compass Minerals International Inc., and Cargill Incorporated.
The study provides the historical as well as the forecast size of the sodium chloride market.
Sodium Chloride Market Size Breakdown by Segments
The sodium chloride market report offers comprehensive market segmentation analysis along with market estimation for the period 2015–2030.
Based on Source
Based on Application
- Chemical Intermediates
- De-Icing
- Water Conditioning
- Flavoring Agents & Food Preservatives
- Agriculture
- Animal Feed Additives
- Drilling Fluids
- Pharmaceutical Ingredients
Based on End Use
Geographical Analysis
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Asia-Pacific (APAC)
- China
- India
- Japan
- South Korea
- Latin America (LATAM)
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
