The global industrial sodium chloride market is expected to reach a valuation of US$ 14,513.9 Million in 2022 and to expand at a CAGR of 4.2% between 2022 and 2032.
| Attribute | Details |
|---|---|
| Market Size (2021) | US$ 13,928.8 Million |
| Market Size 2022 | US$ 14,513.9 Million |
| Market Size 2032 | US$ 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.
Principal Consultant
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 US$ 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 US$ 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
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Analysis 2016 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2016 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Analysis 2016 to 2021 and Forecast 2022 to 2032, By End-Use
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-Use, 2016 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-Use, 2022 to 2032
5.3.1. Oil Field
5.3.2. Pharmaceutical
5.3.3. Water Treatment
5.3.4. Textile
5.3.5. Chemical Processing
5.3.6. De-icing
5.3.7. Agriculture
5.3.8. Other Industrial
5.4. Y-o-Y Growth Trend Analysis By End-Use, 2016 to 2021
5.5. Absolute $ Opportunity Analysis By End-Use, 2022 to 2032
6. Global Analysis 2016 to 2021 and Forecast 2022 to 2032, By Production Source
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Production Source, 2016 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Production Source, 2022 to 2032
6.3.1. Seawater
6.3.2. Rock Mines
6.3.3. Brine Solution
6.4. Y-o-Y Growth Trend Analysis By Production Source, 2016 to 2021
6.5. Absolute $ Opportunity Analysis By Production Source, 2022 to 2032
7. Global Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2016 to 2021
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By End-Use
8.2.3. By Production Source
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By End-Use
8.3.3. By Production Source
8.4. Key Takeaways
9. Latin America Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By End-Use
9.2.3. By Production Source
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By End-Use
9.3.3. By Production Source
9.4. Key Takeaways
10. Europe Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By End-Use
10.2.3. By Production Source
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By End-Use
10.3.3. By Production Source
10.4. Key Takeaways
11. Asia Pacific Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Malaysia
11.2.1.5. Singapore
11.2.1.6. Australia
11.2.1.7. New Zealand
11.2.1.8. Rest of Asia Pacific
11.2.2. By End-Use
11.2.3. By Production Source
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By End-Use
11.3.3. By Production Source
11.4. Key Takeaways
12. Middle East and Africa Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East and Africa
12.2.2. By End-Use
12.2.3. By Production Source
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By End-Use
12.3.3. By Production Source
12.4. Key Takeaways
13. Key Countries Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By End-Use
13.1.2.2. By Production Source
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By End-Use
13.2.2.2. By Production Source
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By End-Use
13.3.2.2. By Production Source
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By End-Use
13.4.2.2. By Production Source
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By End-Use
13.5.2.2. By Production Source
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By End-Use
13.6.2.2. By Production Source
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By End-Use
13.7.2.2. By Production Source
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By End-Use
13.8.2.2. By Production Source
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By End-Use
13.9.2.2. By Production Source
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By End-Use
13.10.2.2. By Production Source
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By End-Use
13.11.2.2. By Production Source
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By End-Use
13.12.2.2. By Production Source
13.13. Malaysia
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By End-Use
13.13.2.2. By Production Source
13.14. Singapore
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By End-Use
13.14.2.2. By Production Source
13.15. Australia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By End-Use
13.15.2.2. By Production Source
13.16. New Zealand
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By End-Use
13.16.2.2. By Production Source
13.17. GCC Countries
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By End-Use
13.17.2.2. By Production Source
13.18. South Africa
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By End-Use
13.18.2.2. By Production Source
13.19. Israel
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By End-Use
13.19.2.2. By Production Source
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By End-Use
14.3.3. By Production Source
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. China National Salt Industry Corporation
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Cargill
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. The Dow Chemical Company
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. K+S AKTIENGESELLSCHAFT
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. ICL Fertilizers
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. The Henrique Lage Salineira do Nordeste
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Dominion Salt
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Tata Chemicals Ltd
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Maldon Crystal Salt Co
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Akzo Nobel N.V.
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Industrial Sodium Chloride Market
