Sodium Chloride Market 2016 Industry Size, Shares, Segment & Forecast up to 2020
Deerfield Beach, FL -- (SBWIRE) -- 07/08/2016 -- Sodium Chloride Market - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020
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Sodium chloride is a compound obtained by the ionic bonding of sodium and chlorine. Sodium chloride is commonly known as salt that is very important commercially and biologically. Salt is an important part of the diet of both humans and animals as well as is a part of animal fluids. Sodium chloride is considered as an electrolyte which is helps to regulate the amount of water content in human body. It is used to prevent sodium loss caused by sweating, dehydration and others. Salt is widely used for preservation and seasoning for foods.
The global sodium chloride market is primarily driven by increasing chemical and pharmaceutical industries. Another key factor driving the market is increasing consumption of sodium chloride in de-icing application sector. Consumption of salt in North America is increasing owing to strong demand from de-icing application. Further, this region is anticipated to experience significant growth in the years to come. In addition, strong demand from food industry expected to support market growth over the forecast period. The report includes the study of opportunities and restraint available in sodium chloride market on a global level. It also provides market volume and revenue for each application under every regional segment.
The market for sodium chloride is segmented on the basis of application and geography. Based on the application, the sodium chloride market is classified into food, chemical industry, de-icing, pharmaceutical and others. Chemical industry dominates the overall sodium chloride market and estimated to exhibit significant growth over the forecast period.
The report provides comprehensive view on the sodium chloride market, in which study included a detailed competitive scenario and product portfolio of key vendors. The report analyzes the attractiveness of different segments. Additionally, the study analyzes market competition and industry players using Porter's five forces analysis.
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Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. Asia Pacific dominated the sodium chloride market owing to increasing chemical industries in the countries of this region. Latin America is another key region for sodium chloride market on account of rising population and increasing chemical industry.
The report covers detailed competitive scenario including the company overviews, financial revenues of the key participants to develop their positions in the global market. Some of the major key players include in market such as Compass Minerals International, Akzo Nobel, Cargill, Inc., Dampier Salt, Tata Chemicals Limited, Cheetham Salt, Dominion Salt, Morton Salt and others.
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