Sodium Chloride Global Market Report 2024

The sodium chloride market size has grown steadily in recent years. It will grow from $27.66 billion in 2023 to $28.98 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth observed in the historical period can be attributed to several factors. These include the growth in population, increased industrial applications requiring sodium chloride, adoption of various road safety regulations necessitating deicing salt, the demand for processed and packaged food, and the rise in disposable income leading to higher consumption of sodium chloride-based products.

The sodium chloride market size is expected to see strong growth in the next few years. It will grow to $35.33 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The anticipated growth in the forecast period can be attributed to several key factors. These include the growing demand for sodium chloride from the food industry, increasing urbanization leading to higher consumption of processed food products, and rising demand for pharmaceutical-grade sodium chloride in various medical applications. Major trends expected during this period encompass product innovations aimed at meeting evolving consumer preferences and industry requirements, strategic collaborations with end users to expand market reach and enhance product offerings, frequent investments in research and development to drive innovation and improve product quality, and strong efforts in research and development leading to advancements in product formulations and manufacturing processes.

The sodium chloride market is poised for growth, driven by the increasing demand for food and beverages. This demand surge stems from factors such as population expansion, dietary shifts, rising incomes, globalization, and the preference for convenient food consumption. Sodium chloride plays a crucial role in the food and beverage industry by enhancing flavor, acting as a natural preservative to extend shelf life, and improving texture and color. For instance, a report by Common Thread Collective revealed that global food and beverage sales rose from $435.3 billion in 2021 to $506 billion in 2022, with projections indicating a further increase to $857 billion by 2025. Therefore, the escalating demand for food and beverages is anticipated to drive the growth of the sodium chloride market.

Key players in the sodium chloride market are concentrating on innovative solutions, such as pharmaceutical sodium chloride injections, to cater to specific medical requirements and enhance patient outcomes. These injections consist of sterile sodium chloride solutions dissolved in water for medical administration through various routes. For example, in June 2023, Hikma Pharmaceuticals plc introduced Midazolam in 0.9% sodium chloride injection to the United States market. This addition to their portfolio of generic injectable medicines provides clinicians with a vital option for intravenous sedation in intubated and mechanically ventilated patients across different age groups. This launch underscores Hikma's commitment to broadening patient care by offering a diverse range of essential medicines and innovative dosage forms.

In February 2024, HASA Inc., a US-based manufacturer of water treatment products, acquired Chem Eleven Product Inc. to enhance its product range, bolster operational capabilities, and expand its market presence, particularly in Texas. This acquisition aligns with HASA's strategy for rapid growth and superior customer service in the water treatment industry. Chem Eleven Products Inc., a US-based manufacturer, specializes in producing salt and bleach products for municipal and commercial water treatment.

Major companies operating in the sodium chloride market are Cargill Incorporated, Mitsui & Co. (Chile) Ltda., Rio Tinto, Thermo Fisher Scientific Inc., Honeywell International Inc, Merck KGaA, Brenntag AG, AkzoNobel N.V., Wacker Chemie AG, K+S Aktiengesellschaft, Tata Chemicals Limited, Compass Minerals, Morton Salt Inc., Cheetham Salt, SALINS Group, Santa Cruz Biotechnology Inc., Maldon Crystal Salt Corporation, Dominion Salt Limited, Alfa Chemistry, Tokyo Chemical Industry Co. Ltd., jinleichem, Südwestdeutsche Salzwerke AG, Wilson Salt Company, State Enterprise Association Artyomsol, Swiss Salt Works AG.

Asia-Pacific was the largest region in the sodium chloride market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the sodium chloride market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the sodium chloride market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Sodium chloride, commonly referred to as table salt, is a compound composed of sodium and chlorine ions. It is an essential mineral for human health and finds widespread use as a seasoning and preservative in food preparation and various industrial processes.

The primary types of sodium chloride in the market include rock salt, solar salt, and other variations. Food grade sodium chloride refers to materials deemed safe for use in food processing, handling, and storage, meeting specific standards and regulations set by government agencies. These standards often classify sodium chloride into grades such as food grade, pharmaceutical grade, and technical grade, which are utilized in various applications including chemical intermediates, food processing, pharmaceuticals, agriculture, and deicing.

The sodium chloride market research report is one of a series of new reports that provides sodium chloride market statistics, including sodium chloride industry global market size, regional shares, competitors with a sodium chloride market share, detailed sodium chloride market segments, market trends, and opportunities, and any further data you may need to thrive in the sodium chloride industry. This sodium chloride research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The sodium chloride market consists of sales of table salt, sea salt, kosher salt, himalayan pink salt, celtic sea salt, and pickling salt. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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