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Sodium chloride, commonly known as halite or salt, is considered as an essential mineral for the survival of human body. It is a colourless crystal which is readily soluble in water. Sodium chloride can be obtained naturally either by evaporating sea water or by mining underground deposits. It can also be produced synthetically by the chemical reaction of sodium (Na) and chloride (Cl). Owing to its distinct characteristics, sodium chloride finds myriad applications across various industries.
According to a new report by Expert Market Research, the global sodium chloride market reached a value of USD 28.64 Billion in 2020 and is further expected to reach USD 32.09 Billion by 2026. In the year 2012, there was a decline in the production of sodium chloride, the market, however, recovered rapidly in the succeeding year on account of numerous forces. As there is no substitute of salt in the food industry, there has been an increase in its demand across the world. In addition, sodium chloride is highly demanded for de-icing of roads and pavements in the regions which are prone to heavy snowfalls. Some of the other factors that are facilitating the market growth include increasing population and a strong demand from its end-use industries.
Key findings from the report:
Click here for summary of the report: https://www.expertmarketresearch.com/reports/sodium-chloride-market
Expert Market Research has analysed the global sodium chloride market according to end-use, major regions and top players:
Market breakup by End-use
Market breakup by Region
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