Sodium chloride represents a white crystalline solid with the chemical formula NaCl. It is commonly referred to as salt, table salt or common salt. It is white in colour, crystalline in appearance, saline in taste and soluble in water. Sodium chloride finds various end-uses in various sectors such as food, medical, industrial and chemical. Some of its applications include de-icing, water softening and manufacturing of various chemicals (like caustic soda, sodium chlorite, ammonium chlorite and sodium bicarbonate). During 2014-2018, the global sodium chloride market grew at a CAGR of around 6%. The consumption of sodium chloride is primarily driven by the agriculture (particularly fungicides) and the animal husbandry sector which account for the majority of its consumption. This report by Expert Market Research entitled “Sodium Chloride Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the sodium chloride market.
Historical market trends for the sodium chloride industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global sodium chloride market into Asia, Europe, North America, South & Central America and Others. Region-wise, Asia currently represents the largest market. On the basis of end-use, the global sodium chloride market has been segmented as chemicals, food grade salt, road de-icing and others. Chemicals currently represent the biggest end use markets for sodium chloride.
The value chain analysis of sodium chloride has also been covered in this report encompassing all the activities in the value chain such as exploration, mining and extraction, production, logistics, sales and marketing and application. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the sodium chloride industry has also been provided. The report also covers the global import and export trends of sodium chloride with the United States of America being the largest importer and Chile being the largest exporter.
This report provides an exhaustive insight into the manufacturing of sodium chloride. Factors such as chemical reactions involved, process flow, raw material requirements, mass balance and various manufacturing steps have been thoroughly discussed in the report. The report also provides a comprehensive market evaluation of the major feedstocks required for manufacturing sodium chloride viz. sodium and chlorine. For each feedstock, the report provides market trends, price trends, market by application, market by region and its key manufacturers.
The following are the key questions answered by this report:
- What are the market trends for the global sodium chloride market?
- Which are the biggest markets (regions) for sodium chloride?
- What are the key application areas for sodium chloride?
- Who are the key manufacturers in the sodium chloride market?
- What are the price trends of sodium chloride?
- What are the raw material requirements for the manufacturing of sodium chloride?
- What are the chemical reactions involved during the manufacturing of sodium chloride?
- Who are the major importers and exporters of sodium chloride?
- What is the value chain analysis of the sodium chloride industry?
- What are the market trends of major feedstocks?
- What are the price trends of major feedstocks?
- Which are the biggest markets (regions) for major feedstocks?
- What are the key application areas for various feedstocks?
- Who are the key players for various feedstocks?
In order to prepare this research report, Expert Market Research conducted face to face and telephone interviews with numerous industry participants in the sodium chloride industry. They included manufacturers, distributors, end-users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector specific events and assumptions are taken into account to generate the final forecast.