Sodium Chloride Market - Growth, Trends, and Forecast (2020 - 2025)

The 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 and Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

Asia Pacific

CAGR:

5 %

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Market Overview

The market for chemical injection skids is expected to grow at a CAGR of more than 5% during the forecast period. The major factor driving the growth of the market studied is rapid demand from the chemical industry. On the flip side, stringent government regulations are expected to hinder the growth of the market studied.

  • 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

The sodium chloride market report includes:

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
United Kingdom
France
Germany
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Deicing Segment to Witness Healthy Growth

  • Winter weather conditions can cause icy roads, leading to dangerous conditions while driving. In order to combat the situation, the municipalities and individuals employ the use of deicer, which is a substance used to prevent the formation of ice, by lowering the freezing point of water and preventing the bond between ice and paved surfaces.
  • It is the second-largest application of sodium chloride and relies primarily on mined rock salt with no purification required.
  • The countries with large rock salt production such as Canada, Germany, and the United States tend to have more de-icing needs.
  • Also, according to UCGS, highway deicing accounted for the largest share of total salt consumed in the United States.
  • Such factors, in turn, are boosting the demand for the market studied.

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Asia-Pacific to Dominate the Market

Asia-Pacific region is estimated to dominate the market during the forecast period primarily due to the increasing demand from production from chemical industries. China and India combined to hold a significant share not only in the regional market but also in the global market. In addition, increasing refining activities in these countries are in turn expected to add to the demand of the market studied.

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Competitive Landscape

The market studied is partially consolidated among the top players. The key players include Nouryon, INEOS AG, WackerChemieAG, Tata Chemicals Ltd., and Cargill, Incorporated, among others.

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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 NaCl as a Chemical Reagent

      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 Impact of COVID-19 Pandemic

    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 United Kingdom

        2. 5.3.3.2 France

        3. 5.3.3.3 Germany

        4. 5.3.3.4 Italy

        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 and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & 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 Cheetham Salt

      3. 6.4.3 CK Life Sciences Int'l., (Holdings) Inc.

      4. 6.4.4 Compass Minerals.

      5. 6.4.5 INEOS Capital Limited

      6. 6.4.6 K+S Aktiengesellschaft

      7. 6.4.7 Nouryon

      8. 6.4.8 Pon Pure Chemicals Group

      9. 6.4.9 Rio Tinto

      10. 6.4.10 Sudwestdeutsche Salzwerke AG

      11. 6.4.11 Swiss Saltworks AG

      12. 6.4.12 Tata Chemicals Ltd.

      13. 6.4.13 Wacker Chemie AG

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

** Subject to Availability

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