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Global Sodium Chloride Market Report and Forecast 2023-2028

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    Report

  • 135 Pages
  • September 2023
  • Region: Global
  • Expert Market Research
  • ID: 5878892
According to the report, the global sodium chloride market reached a value of USD 30 billion in 2022. Aided by the omnipresent utility of the compound in various facets of human life and its indomitable importance in numerous industries, the market is projected to further grow at a CAGR of 2.3% between 2023 and 2028 to reach a value of USD 34.35 billion by 2028.

Sodium chloride, commonly known as table salt, is an essential compound for life, with its primary sources being sea water and rock deposits. It has been an integral part of human diets, serving not just as a flavour enhancer but also as a crucial nutrient for physiological functions. Beyond culinary applications, sodium chloride has marked its indispensability in a plethora of industries, from pharmaceuticals and cosmetics to agriculture and textile.

One of the principal drivers of the sodium chloride market growth is its quintessential role in food preservation. With the growing global population and the ensuing demand for prolonged shelf life of foods, the role of sodium chloride as a preservative has never been more significant. It's not just about taste - sodium chloride inhibits the growth of microbes, ensuring food safety and longevity.

Furthermore, in the realm of health, sodium chloride market demand is likely to witness a surge in the forecast period. It is an essential component in the human diet, playing critical roles in maintaining physiological equilibriums such as fluid balance, nerve conduction, and muscle contractions. The pharmaceutical industry capitalises on these properties, formulating saline solutions, oral rehydration solutions, and other medicinal preparations.

As the beauty and wellness industry continues to flourish, sodium chloride has found its niche in cosmetic formulations. Leveraged for its exfoliating and cleansing properties, it's a common ingredient in scrubs and bath products. Its ability to balance oil production and combat bacterial proliferation also makes it a sought-after component in skincare routines.

The industrial relevance of sodium chloride cannot be understated. It's extensively used in the chemical industry as a raw material for the production of various chemicals like chlorine, caustic soda, and soda ash. Its significance in textile dyeing, leather processing, and even as a road de-icer, especially in cold countries, further adds to the global sodium chloride market size.

In agriculture, sodium chloride is sometimes utilised as a herbicide, and it's a common ingredient in certain animal feeds, ensuring livestock receive the required mineral nutrients. This dual role in the agricultural sector - both as a growth regulator and a nutritional additive - emphasises its multifaceted utility.

Market Segmentation

The market can be divided based on source, end use, and region.

Market Breakup by Source

  • Sea Water
  • Rock Salt
  • Others

Market Breakup by End Use

  • Chemical Industry
  • Food Grade Salt
  • Road De-icing
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sodium chloride market. Some of the major players explored in the report are as follows:
  • K.G. International, Inc.
  • Cargill Inc
  • China National Salt Industry Corporation (CNSIC)
  • Compass Minerals
  • State enterprise Artyomsol
  • Nobian
  • Südwestdeutsche Salzwerke AG
  • Salins Group
  • Mitsui Group
  • Rio Tinto Group

About the Publisher

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Sodium Chloride Market Analysis
8.1 Key Industry Highlights
8.2 Global Sodium Chloride Historical Market (2018-2022)
8.3 Global Sodium Chloride Market Forecast (2023-2028)
8.4 Global Sodium Chloride Market by Source
8.4.1 Sea Water
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Rock Salt
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Sodium Chloride Market by End Use
8.5.1 Chemical Industry
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Food Grade Salt
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Road De-icing
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Sodium Chloride Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance and Feedstock Conversion Rate
14.3.1 From Sea Brine (Solar Evaporation Method)
14.3.2 From Rock Salt (Vacuum Evaporation Method)
15 Major Machinery Involved in the Manufacturing Process of Sodium Chloride
15.1 Equipment Required
15.2 Price of Equipment
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players’ Market Share
16.3 Company Profiles
16.3.1 K.G. International, Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Demographic Reach and Achievements
16.3.1.4 Financial Summary
16.3.1.5 Certifications
16.3.2 Cargill Inc
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Demographic Reach and Achievements
16.3.2.4 Financial Summary
16.3.2.5 Certifications
16.3.3 China National Salt Industry Corporation (CNSIC)
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Demographic Reach and Achievements
16.3.3.4 Financial Summary
16.3.3.5 Certifications
16.3.4 Compass Minerals
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Demographic Reach and Achievements
16.3.4.4 Financial Summary
16.3.4.5 Certifications
16.3.5 State enterprise Artyomsol
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Demographic Reach and Achievements
16.3.5.4 Financial Summary
16.3.5.5 Certifications
16.3.6 Nobian
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Demographic Reach and Achievements
16.3.6.4 Financial Summary
16.3.6.5 Certifications
16.3.7 Südwestdeutsche Salzwerke AG
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Demographic Reach and Achievements
16.3.7.4 Financial Summary
16.3.7.5 Certifications
16.3.8 Salins Group
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Demographic Reach and Achievements
16.3.8.4 Financial Summary
16.3.8.5 Certifications
16.3.9 Mitsui Group
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Demographic Reach and Achievements
16.3.9.4 Financial Summary
16.3.9.5 Certifications
16.3.10 Rio Tinto Group
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Demographic Reach and Achievements
16.3.10.4 Financial Summary
16.3.10.5 Certifications
17 Industry Events and Developments
List of Key Figures and Tables
1. Global Sodium Chloride Market: Key Industry Highlights, 2018 and 2028
2. Global Sodium Chloride Historical Market: Breakup by Source (USD Billion), 2018-2022
3. Global Sodium Chloride Market Forecast: Breakup by Source (USD Billion), 2023-2028
4. Global Sodium Chloride Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Sodium Chloride Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Sodium Chloride Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Sodium Chloride Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Sodium Chloride Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Sodium Chloride Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Sodium Chloride Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Sodium Chloride Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Sodium Chloride Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Sodium Chloride Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Sodium Chloride Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Sodium Chloride Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Sodium Chloride Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Sodium Chloride Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Major Importing Countries by Volume (2020)
19. Major Exporting Countries by Volume (2020)
20. Major Importing Countries by Value (2020)
21. Major Exporting Countries by Value (2020)
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Sodium Chloride Market Structure

Companies Mentioned

  • K.G. International Inc.
  • Cargill Inc
  • China National Salt Industry Corporation (CNSIC)
  • Compass Minerals
  • State enterprise Artyomsol
  • Nobian
  • Südwestdeutsche
  • Salzwerke AG
  • Salins Group
  • Mitsui Group
  • Rio Tinto Group

Methodology

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Table Information