Albany, NY -- (SBWire) -- 03/11/2016 --Sodium chloride (NaCl), commonly known as salt, table salt, halite, or common salt, is one of the most used inorganic raw materials by chemical industries as well as humans in day-to-day activities. Chlorine and soda are two of the major products of sodium chloride and are primarily used in the manufacture of chemical products including inorganic chemical products and organic chemical products. Sodium chloride is used directly for snow and ice control, i.e. deicing. It is also used as a preservative and flavoring agent and as a reagent for water softening and various other industrial procedures. Considering the many uses and benefits of sodium chloride, the global sodium chloride market is expected to expand at a robust rate during the period between 2015 and 2023.
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Asia Pacific to Register Maximum Demand for Sodium Chloride by 2023
The global sodium chloride market is segmented on the basis of geography and end user. Based on geography, the global sodium chloride market is classified into Asia Pacific, Europe, North America, and Rest of the World. In terms of demand, in 2014, Asia Pacific dominated the global market for sodium chloride. Considering the rapidly growing demand for sodium chloride, the Asia Pacific sodium chloride market is expected to maintain its dominant position by 2023. The growing chemical industry in the Asia Pacific region will boost the sodium chloride market in this region.
By 2023, demand for sodium chloride is expected to be high in North America for deicing applications. The Europe market is expected to register increased consumption of sodium chloride throughout the forecast period. Europe has a climate similar to North America and thus sodium chloride is commonly used for melting applications in this region as well.
Sodium chloride is amongst the most commonly used chemicals in the chemical industry for the manufacture of sodium chlorite, sodium bicarbonate, caustic soda, ammonium chlorite, and others. For many industrial procedures, a large quantity of NaCl is used for water softening purposes.
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Food Sector to Create Growth Opportunities with Increasing Use of NaCl
Some of the medical uses of sodium chloride are in the form of catheter flush injections and intravenous infusions. NaCl is also used for cleaning different objects such as contact lenses. Sodium chloride is used not only in the chemical industry but also in the food and beverages sector in many ways. Sodium chloride, in the food sector, is used for coloring and preserving fish, seasoning and curing meats, etc. The global sodium chloride market is majorly driven by its use in various sectors such as food, chemical, industrial, and medical. Roughly, 1/10th of the sodium chloride produced globally is traded across large distances. Regions with favorable climatic conditions are expected to generate more demand for sodium chloride in coming few years.
Some of the leading companies in the global sodium chloride market are Akzo Nobel, Cargill, Inc., North American Salt Company, Morton Salt, Compass Minerals International, Dampier Salt, and Tata Chemicals Limited. The increasing use of sodium chloride in the food industry and the chemical industry is expected to drive the global sodium chloride market during the forecast period.
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Global Sodium Chloride Market: Asia Pacific to Register Maximum Demand: Transparency Market Research
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Sodium Chloride Market - Global Industry Analysis, Size, Share, Trends and Forecast 2015 - 2023” This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.