Sodium Chloride Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Sodium Chloride Market is segmented by Grade (Rock Salt, Solar Salt, and Vacuum Salt), Application (Chemical Production, Deicing, Water Conditioning, Agriculture, Food Processing, Pharmaceutical, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report offers market size and forecasts for sodium chloride in terms of volume (kilotons) for all the above segments.

Market Snapshot

Sodium Chloride Market Summary
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: >5 %
Sodium Chloride Market Major Players

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Market Overview

The sodium chloride market was estimated at over 250,000 kilotons in 2021, and the market is projected to register a CAGR of over 5% during the forecast period (2022-2027).

The market was negatively impacted by the COVID-19 outbreak in 2020 due to a temporary halt in construction activities and chemical manufacturing units. Nonetheless, the market is expected to grow steadily during the forecast period.

  • Over the short term, the increasing demand for sodium chloride as a chemical agent from the chemical industry and the increasing demand for pharmaceutical-grade sodium chloride in North America and Europe are expected to drive the market's growth.
  • The chemical industry dominated the market with a significant share. This segment is expected to have a significant demand due to the increasing production of Chlor-alkali products.
  • Asia-Pacific dominated the market, and North America is expected to witness the fastest growth rate during the forecast period.

Scope of the Report

Sodium chloride is one of the most abundant minerals on the earth. The major sources of sodium chloride include seawater and underground rock formations. It is a major source of chlorine for the chemical industry. The sodium chloride market is segmented by grade, application, and geography. By grade, the market is segmented into rock salt, solar salt, and vacuum salt. By application, the market is segmented into chemical production, deicing, water conditioning, agriculture, food processing, pharmaceutical, and other applications. The report also covers the market size and forecasts for the sodium chloride market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons).

Grade
Rock Salt
Solar Salt
Vacuum Salt
Application
Chemical Production
Deicing
Water Conditioning
Agriculture
Food Processing
Pharmaceutical
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Chemical Production Segment to Dominate the Market

  • The application of sodium chloride in the chemical industry accounted for over half of the market share in 2021.
  • Sodium chloride is used in the manufacturing of various chemical products, including organic, inorganic, and Chlor-alkali products, such as chlorine, soda ash, and caustic soda. These products are further used for producing a wide range of products, such as polyvinyl chloride (PVC), detergents, glass, dyes, and soaps.
  • The global construction industry was valued at about USD 12.9 trillion in 2021, with a growth rate of about 3%, compared to the previous year. Thus, this enhanced the demand for PVC products and polyurethane-based construction industry materials, such as rigid foam insulation panels.
  • According to the OICA, there was a growth rate of about 10% in the first nine months of 2021 as compared to the same period in 2020 in the global production of all vehicles, thereby increasing the demand for polyurethane used in the automobile parts, such as foam seating, suspension bushings, seals, and gaskets.
  • Moreover, caustic soda also finds application in the Kraft process, a process for conversion of wood into wood pulp, which is still the dominating method in paper production. In 2021, the caustic soda market was worth 78.54 million metric tons. Furthermore, by 2027, the market is estimated to reach 88.46 million metric tons, with a CAGR of 1.9% during 2022-2027.
  • Therefore, based on the aforementioned factors, the chemical production segment is expected to dominate the market in the coming years.
Sodium Chloride Market, Volume Share (%), by Application, Global, 2021

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific dominated the global market share, with rising demand from the chemical industry. China is a hub for chemical processing, accounting for the majority of chemicals produced globally.
  • China is the world's largest construction market. China's construction sector was valued at USD 1,049 billion in 2020. The construction industry is expected to grow at a rate of 5% per year for the next few years.
  • According to the India Brand Equity Foundation (IBEF), the Indian pharmaceutical market grew 17.7% annually in August 2021, up from 13.7% in July 2020.
  • According to India Ratings & Research, revenue in the Indian pharmaceutical market is estimated to increase by more than 12% in FY22.
  • In FY21, India's medicine and pharmaceutical exports were estimated at USD 24.44 billion.
  • Therefore, the aforementioned factors are expected to show a significant impact on the market in the coming years.
Sodium Chloride Market - Growth Rate by Region, 2022-2027

Competitive Landscape

The sodium chloride market is partially consolidated among the top players. The key players (in no particular order) include Nouryon, Cargill Incorporated, Wacker Chemie AG, INEOS, and Tata Chemicals Europe.

Recent Developments

  • In January 2022, B. Braun received FDA permission for a pharmaceutical manufacturing plant in Florida. According to it, B. Braun Medical's Daytona Beach, Florida plant, will produce 0.9% sodium chloride for injection, which will be offered in 1,000 ml and 500 ml Excel Plus IV bags from Bethlehem, Pennsylvania.
  • In August 2021, 6x energy density was promised by a new alkali metal-chlorine battery. Scientists in the United States have developed promising new battery chemistry based on chlorine and table salt. The prototype battery could already be acceptable for small devices like hearing aids and could be scaled up to larger uses with more development.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Sodiun Chloride as a Chemical Agent

      2. 4.1.2 Increasing Demand for Pharmaceutical-grade Sodium Chloride in North America and Europe

    2. 4.2 Restraints

      1. 4.2.1 Stringent Government Regulations

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Grade

      1. 5.1.1 Rock Salt

      2. 5.1.2 Solar Salt

      3. 5.1.3 Vacuum Salt

    2. 5.2 Application

      1. 5.2.1 Chemical Production

      2. 5.2.2 Deicing

      3. 5.2.3 Water Conditioning

      4. 5.2.4 Agriculture

      5. 5.2.5 Food Processing

      6. 5.2.6 Pharmaceutical

      7. 5.2.7 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill Incorporated.

      2. 6.4.2 CK Life Sciences Int’l. (Holdings) Inc.

      3. 6.4.3 Compass Minerals

      4. 6.4.4 INEOS

      5. 6.4.5 K+S Aktiengesellschaft

      6. 6.4.6 Nouryon

      7. 6.4.7 Pon Pure Chemicals Group

      8. 6.4.8 Rio Tinto

      9. 6.4.9 Sudwestdeutsche Salzwerke AG

      10. 6.4.10 Swiss Saltworks AG

      11. 6.4.11 Tata Chemicals Europe

      12. 6.4.12 Wacker Chemie AG

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing use of Sodium-based Batteries

**Subject to Availability

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Frequently Asked Questions

The Sodium Chloride Market market is studied from 2017 - 2027.

The Sodium Chloride Market is growing at a CAGR of >5% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Nouryon, Cargill, Incorporated, Wacker Chemie AG, Tata Chemicals Europe, INEOS are the major companies operating in Sodium Chloride Market.

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