If the prediction holds true, the market will rise from a valuation of US$13.85 bn in 2015 to US$19.37 bn in 2024.
Albany, NY -- (SBWIRE) -- 12/09/2016 -- Sodium chloride (NaCl) is commonly known as salt. It occurs in the form of crystals that is used in large quantities across various industrial and consumer applications. Sodium chloride is an ionic compound with sodium and chloride ions in the ratio of 1:1. It is obtained by evaporation of sea water or brine by solar and vacuum evaporation methods. It is additionally produced by mining of salt halites, which is known as rock salt. Sodium chloride is largely used in applications such as chemical intermediates, deicing, flavoring and food preservatives, water treatment, and animal feed additive.
Sodium chloride is used in the manufacture of chlor-alkali products such as chlorine, soda ash, and caustic soda. These chlor-alkali products are used in the manufacture of various end-use products such as PVC, detergents, glass, dyes, and soaps. Hence, rising demand for sodium chloride from chemical intermediates is anticipated to drive the sodium chloride market. Sodium chloride is increasingly used as food preservative and flavoring agent as it offers properties such as color, distinct flavor, taste enhancer, and pleasant aroma. Food application is likely to be the fastest growing application segment. However, fluctuations in the snowfall is expected to hamper the growth of sodium chloride market during the forecast period.
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Global Sodium Chloride Market: Scope of the Report
This report analyzes and forecasts the market for sodium chloride at the global, regional and country level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global sodium chloride market. It also covers impact of these drivers and restraints on demand for sodium chloride during the forecast period. The report also highlights opportunities in the market.
The report includes detailed value chain analysis, which provides a comprehensive view of the global sodium chlroide market. Porter's Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
Global Sodium Chloride Market: Segmentation
The study provides a comprehensive view of the global sodium chloride market by segmenting it in terms of grades as: solar salt, rock salt and others (vacuum salt) and application such as chemical intermediate, deicing, flavoring agent & food preservative, water treatment, animal feed additive and others (including pharmaceuticals, etc). These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for sodium chlroide in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The global market size of sodium chloride has been provided in terms of volume and revenue. Market volume has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers have been estimated based on key applications of sodium chloride across each region.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players' product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants' insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover's, oneSOURCE, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team's expertise and market understanding.
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Global Sodium Chloride Market: Competitive Dynamics
The report comprises profiles of major companies operating in the global sodium chlroide market and competition matrix of major players. Companies such as Cargill Incorporated, K+S AKTIENGESELLSCHAFT, Akzo Nobel N.V., Tata Chemicals Ltd., Dampier Salts, China National Salt Industry Corporation, Compass Minerals International, Inc., Wacker Chemie AG, Südwestdeutsche Salzwerke AG, INEOS Salts, Swiss Salt Works AG, and Cheetham Salt are few leading players in the sodium chloride market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, SWOT analysis and recent developments.
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