The global sodium chloride market size reached US$ 29.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34.2 Billion by 2032, exhibiting a growth rate (CAGR) of 1.7% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 29.1 Billion |
Market Forecast in 2032
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US$ 34.2 Billion |
Market Growth Rate 2024-2032 | 1.7% |
Sodium chloride, with the chemical formula NaCl, is an ionic compound representing a 1:1 ratio of sodium and chloride ions. Also commonly referred to as salt, table salt or common salt, sodium chloride is readily soluble in water. It appears as a white crystalline solid and acts as an emetic and a flame retardant. It is also essential in maintaining the electrolyte balance of fluids in a person’s body. Moreover, the body requires NaCl to absorb and transport nutrients, maintain blood pressure levels and the right balance of fluid, transmit nerve signals, and contract and relax muscles. In recent years, there has been a significant rise in the usage of NaCl in various sectors such as animal feed, water and waste treatment, textiles and pharmaceuticals. It is also used to de-ice the streets and highways during heavy snowfall in the North American and European regions.
The increasing applications of sodium chloride in diverse industries represent the primary factor bolstering the market growth. In the food sector, NaCl is mainly used for seasoning, coloring, curing meats and preserving fish. It helps to enhance the flavor, preserve foods, prevent spoilage and keep ready-to-eat meats and cheeses safe to eat. Salt is also used in the fermenting process for foods like sauerkraut, pickles and kefir. Besides this, it is utilized in catheter flush injections or intravenous infusions and for cleaning objects such as contact lenses. NaCl is one of the essential chemicals used in the chemical industry, mainly for manufacturing caustic soda, sodium chlorite, ammonium chloride and sodium bicarbonate. In addition, a large quantity of sodium chloride is employed as feedstock in many industrial processes and for water softening purposes. These factors are expected to provide a positive thrust to the market growth in the near future.
IMARC Group provides an analysis of the key trends in each sub-segment of the global sodium chloride market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on source and end-use.
Breakup by Source:
Breakup by End-Use:
Regional insights:
Competitive Landscape:
The competitive landscape of the market has been analyzed, with some of the key players being K+S Group, China National Salt Industry Group (CNSIG), Compass Minerals International, Inc, Cargill Corporation and Dampier Salt Limited (DSL).
The essential aspects of the global sodium chloride market evaluated in the report include:
Report Coverage:
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Million Tons, US$ Billion |
Segment Coverage | Source, End-Use, Region |
Region Covered | Asia, Europe, North America, South and Central America, Others |
Companies Covered | K+S Group, China National Salt Industry Group (CNSIG), Compass Minerals International, Inc, Cargill Corporation and Dampier Salt Limited (DSL) |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global sodium chloride market was valued at US$ 29.1 Billion in 2023.
We expect the global sodium chloride market to exhibit a CAGR of 1.7% during 2024-2032.
The rising utilization of sodium chloride in the food and beverage (F&B) sector to enhance the flavor, preserve food, prevent spoilage, keep ready-to-eat meat and cheese safe to eat, etc., is primarily driving the global sodium chloride market.
The sudden outbreak of the COVID-19 pandemic had led to implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for sodium chloride.
Based on the source, the global sodium chloride market has been bifurcated into sea water, rock salt, and others. Among these, rock salt currently holds the majority of the total market share.
Based on the end-use, the global sodium chloride market can be divided into chemical industry, food grade salt, road de-icing, and others. Currently, the chemical industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into Asia, Europe, North America, South and Central America, and others, where Asia currently dominates the global market.
Some of the major players in the global sodium chloride market include K+S Group, China National Salt Industry Group (CNSIG), Compass Minerals International, Inc, Cargill Corporation, and Dampier Salt Limited (DSL).