Asia-Pacific region is expected to be the largest market for global sodium chloride due to increased refining activities and production from chemical industries. Furthermore, China and India hold up the major share for the global sodium chloride market. Moreover, the refining activities in these countries will further drive the studied market.
Deicing is expected to drive the market due to its high usage in removing snow, ice, or frost from a surface. Adding to this large rock salt-producing countries such as Canada, Germany, and the United States tend to have more deicing needs. According to USGS, the application of road salt in the United States has tripled since a few years, which is expected to drive the market further.
The global sodium chloride market is partially consolidated.
Major playersin the market were found to be Cargill Incorporated, Tata Chemicals Limited, Cheetham Salt, K+S Aktiengesellschaft, and Compass Minerals, among others.
In July 2019, China CAMC Engineering and Ghana's LaLoi Industrial Holdings penned a saline-alkali project deal worth USD 295 million. CAMC Engineering will build a salt plant with an annual output of 250,000 tons and a Chlor-alkali one with 21,000 tons yearly under the 32-month contract. Moreover, in February 2020, Researchers at the University of Alberta have developed a virus-killing salt coating designed to improve the surgical masks' effectiveness to prevent the spread of pathogens like influenza or the new coronavirus.
GlobalSodium Chloride Marketreport provides deep insight into the current and future sodium chloride market state across various regions. The study comprehensively analyzes the sodium chloride market by segmenting based on Grade (Rock Salt, Solar Salt, Other Grades), Application (Pharmaceutical, Agriculture, Chemical Production, Water Conditioning, Deicing, Flavoring Agents & Food Preservatives, Textile Industry, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
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