The global industrial sodium chloride market is expected to reach a valuation of USD 14,513.9 Million in 2022 and to expand at a CAGR of 4.2% between 2022 and 2032.
| Attribute | Details |
|---|---|
| Market Size (2021) | USD 13,928.8 Million |
| Market Size 2022 | USD 14,513.9 Million |
| Market Size 2032 | USD 21,900.9 Million |
| Value CAGR (2022 to 2032) | 4.2% |
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The growing use of sodium chloride in a variety of industrial applications provides suppliers in the global industrial sodium chloride market with a convincing demand opportunity. Demand for industrial sodium chloride has been particularly strong in oil and gas, pharmaceutical, chemical, water treatment, agricultural, de-icing, and other industries.
The major manufacturing application of sodium chloride, on the contrary hand, is chemical processing. Caustic soda, soda ash, and chlorine are three products that make extensive use of industrial sodium chloride as a raw material. Sodium chloride is a key ingredient in the production of paper and pulp, rubber, and chlorine gas.
It is a common source of sodium hydroxide and chlorine gas, both of which are used in the production of plastics, chemicals, agrochemicals, and textiles. The demand for industrial Sodium Chloride is expected to rise in tandem with the demand for these chemicals.
North America currently accounts for 23.1% of the global market for industrial sodium chloride. The North American market is expected to have high demand growth potential. Its use as a de-icing agent in North America, which is largely dependent on local environmental conditions, is expected to have a significant mandate.
Sodium chloride demand has increased as consumer awareness of the substance's nutritional benefits has grown. These are the primary drivers of this region's growth.
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As the effects of climate change worsen over the next three decades, economies will be forced to shift to more renewable energy sources. The market is expected to grow as a result of rising pharmaceutical-grade sodium chloride acceptance in Europe and rising chemical industry demand for sodium chloride as a chemical agent. Europe controls 22.3% of the world's industrial sodium chloride market.
The industrial sodium chloride market is extremely diverse. There are numerous well-known players on the market. As a result, industrial sodium chloride faces fierce market competition. Businesses in this industry use a variety of strategies to remain competitive, including partnerships, mergers, acquisitions, and collaborations.
Several suppliers are attempting to enhance the quality of their products. All of these advancements imply that the industrial sodium chloride market can have immense growth potential in the coming years.
Sandhage claimed successful results from the use of extremely hot sodium chloride as a solution to reduce the cost of solar power plants by making it easier to convert heat to electricity at temperatures above 1300 degrees Fahrenheit in May 2021.
The FDA granted Aurobindo Pharma permission to manufacture and commercialize Dexmedetomidine Hydrochloride in 0.9% Sodium Chloride Injection for the American healthcare market in January 2021.
Industrial sodium chloride is attracting an increasing amount of interest from various industries worldwide. The need for industrial sodium chloride has greatly expanded in the end-use industries, which include the textile, chemical processing, water treatment, agricultural, and other industrial sectors.
The production of industrial sodium chloride, however, is a simple process. Major players employ the sun evaporation production technique. Therefore, there is no need for additional industrial investments. Global demand for industrial sodium chloride is increasing as a result of this factor.
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The demand for Industrial Sodium Chloride from 2017 to 2021 showed a historical growth rate of 4.0% CAGR. This growth was driven by the consistent demand for sodium chloride from industries like steel production for the automotive industry, agriculture industry, water treatment, and other industrial uses.
On the other hand, the worldwide pandemic has impacted on all facets of society. The worldwide supply chain disruptions had some impact on the market for industrial sodium chloride. However, when infection curves begin to flatten starting in 2022, subsequently, FMI's prediction of the demand for Industrial Sodium Chloride predicts a CAGR of 4.2% by 2032.
One important reason for highlighting this industry’s higher growth in the forecast period is the rising global demand for sodium chloride from the chloralkali industry.
The expanding usage of sodium chloride in a number of industrial applications, such as soil stability, clearing ice and snow from roads, and water softening, presents providers in the global industrial sodium chloride market with a compelling demand opportunity. The demand for industrial sodium chloride has been particularly strong in the oil field, pharmaceutical, chemical, water treatment, agricultural, de-icing, and other industries.
On the other hand, chemical processing is the main industrial application of sodium chloride. Three products that are especially using industrial sodium chloride as a raw material are caustic soda, soda ash, and chlorine. Sodium chloride is an important component in the manufacture of paper and pulp, rubber, and chlorine gas.
It is also a popular source of sodium hydroxide and chlorine gas, which are used to make plastics, chemicals, agrochemicals, and textiles. Therefore, the consumption of industrial Sodium Chloride is anticipated to increase along with the demand for these chemicals.
The use of industrial sodium chloride for de-icing raises issues for the environment and human health because it has altered the electrolytic balance in plants and trees and contaminated the ecosystem.
On the other hand, it is projected that the introduction of various novel compounds with improved properties to be used as preservatives and de-icing agents will hinder the market expansion for industrial sodium chloride.
The Chemical Processing segment is estimated to hold a significant value share of 25.5% in the global industrial sodium chloride market. Sodium chloride is a crucial raw material for the synthesis of a variety of compounds, including sodium hydroxide, soda ash, and chlor-alkali.
On the other hand, sodium chloride is used to make a variety of products, including rubber and chlorine gas. It is also a preferred source for making sodium hydroxide and chlorine gas, which are essential for making plastics, agrochemicals, and other chemicals. As a result, the market for chemical processing will significantly grow.
Currently, North America accounts for 23.1% of the global market for industrial sodium chloride. High demand growth potential is predicted for the North American industrial sodium chloride market during the forecasted period.
Its use as a de-icing agent in North America, which is mostly dependent on local environmental circumstances, is projected to have a considerable mandate. The demand for sodium chloride has increased across the region as a result of expanding consumer knowledge of the substance's nutritional advantages. These are the main causes of this region's expansion.
Over the next three decades, as the effects of climate change worsen, economies will be compelled to switch to increase renewable energy sources. It is anticipated that the market would expand as a result of rising pharmaceutical-grade sodium chloride acceptance in Europe and rising chemical industry demand for sodium chloride as a chemical agent. 22.3% of the world's industrial sodium chloride market is dominated by Europe.
Key players operating in the Industrial Sodium Chloride market include China National Salt Industry Corporation (CNSIC), Cargill, Incorporated, The Dow Chemical Company, K+S AKTIENGESELLSCHAFT, ICL Fertilizers, The Henrique Lage Salineira do Nordeste, Dominion Salt, Tata Chemicals Ltd., Maldon Crystal Salt Co., Akzo Nobel N.V., B. Braun, Aurobindo Pharma, Sandhage and others.
The industrial sodium chloride market is very diverse. There are many well-known players on the market. As a result, industrial sodium chloride is subject to intense rivalry in the market. To stay competitive, businesses in this industry use a range of strategies, including partnerships, mergers, acquisitions, and collaborations.
Additionally, a number of suppliers are attempting to improve the quality of the products they offer. All of these developments imply that the industrial sodium chloride market will have enormous growth potential internationally in the years to come.
For Instance:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.2 % from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Tons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Production Source, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | China National Salt Industry Corporation (CNSIC); Cargill Incorporated; The Dow Chemical Company; K+S AKTIENGESELLSCHAFT; ICL Fertilizers; The Henrique Lage Salineira do Nordeste; Dominion Salt; Tata Chemicals Ltd.; Maldon Crystal Salt Co.; Akzo Nobel N.V.; B. Braun; Aurobindo Pharma; Sandhage |
| Customization & Pricing | Available upon Request |
In 2021, the valuation of the Industrial Sodium Chloride market was over USD 13,928.8 Million.
During the forecast period, the Industrial Sodium Chloride market is estimated to expand at a CAGR of 4.2%.
The Industrial Sodium Chloride market is projected to reach USD 21,900.9 Million by the end of 2032.
North America is projected to lead the Industrial Sodium Chloride market during the forecast period.
The key players operating in the Industrial Sodium Chloride market are China National Salt Industry Corporation (CNSIC), The Dow Chemical Company, K+S AKTIENGESELLSCHAFT, and The Henrique Lage Salineira do Nordeste.
1. Executive Summary | Industrial Sodium Chloride Market 2. Market Overview 3. Market Background 4. Global Analysis 2016 to 2021 and Forecast, 2022 to 2032 5. Global Analysis 2016 to 2021 and Forecast 2022 to 2032, By End-Use 5.1. Oil Field 5.2. Pharmaceutical 5.3. Water Treatment 5.4. Textile 5.5. Chemical Processing 5.6. De-icing 5.7. Agriculture 5.8. Other Industrial 6. Global Analysis 2016 to 2021 and Forecast 2022 to 2032, By Production Source 6.1. Seawater 6.2. Rock Mines 6.3. Brine Solution 7. Global Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East and Africa 8. North America Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12. Middle East and Africa Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. China National Salt Industry Corporation 15.2. Cargill 15.3. The Dow Chemical Company 15.4. K+S AKTIENGESELLSCHAFT 15.5. ICL Fertilizers 15.6. The Henrique Lage Salineira do Nordeste 15.7. Dominion Salt 15.8. Tata Chemicals Ltd 15.9. Maldon Crystal Salt Co 15.10. Akzo Nobel N.V. 16. Assumptions & Acronyms Used 17. Research Methodology
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Industrial Sodium Chloride Market
