Global Sodium Chloride Market . The report will give the past market trends from 2017 and forecast from 2021 to 2026 by considering 2020 a differently. The report forecast that market for Sodium Chloride will reach to XX Bn by 2026 and has given the regional break up by countries.
Global Sodium Chloride Market was worth US$ 28.64 Bn. in 2020 and total revenue is expected to grow at a rate of 2.3 % CAGR from 2021 to2027, reaching almost US$ 33.58 Bn. in 2027
Global Sodium Chloride Market Overview:
The ionic compound sodium chloride, or NaCl, has a chemical formula that represents a 1:1 ratio of sodium and chloride ions. It’s also known as salt, table salt, or common salt, and it’s easily soluble in water. The end-use in several industries – food, medicinal, industrial, and chemical – has a significant impact on the market. Sodium chloride is used to de-ice roadways and highways in numerous parts of North America and Europe during severe snowfall. The chemical formula for sodium chloride is NaCl, which is a white crystalline solid. Salt, table salt, and common salt are all terms for the same thing. It has a white color, a crystalline appearance, a saline flavor, and is water-soluble.
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The report has covered the market drivers and different strategies implemented by key players for expansion and to retain their client base by focusing on market leaders, market followers and new entrants in the market or region. The drivers of the market and revenue of each key players in each segment are analysed to give deep insights in brief to make user understand the market scenario in less time. While forecasting for each year, rational behind forecast are given that are supposed to drive or restrain the market. Focus on each players and their sales by unit by brand make this report unique in the industry.
The Sodium Chloride market faced several challenges in 2020 including Covid lock-down and sudden decrease in demand however, the demand is expected to normalize in 2021 and is expected to pick up in 2022, which is covered in the report.
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Scope of the Global Sodium Chloride Market :
Global Sodium Chloride Market key player
• China National Salt Industry Corporation
• Compass Minerals International, Inc
• Shijiazhuang Ligong Machinery Co., Ltd.
• Hubei Aoks Bio-Tech Co., Ltd
• Sudwestdeutsche Salzwerke AG
• K+S AKTIENGESELLSCHAFT
• Swiss Salt Works AG
• Argill Incorporated
• Tata Chemicals Ltd
• Wacker Chemie AG
• Akzo Nobel N.V
• Dampier Salts
• INEOS Salts
• Cheetham Salt
• Cargill Incorporated
• Hindustan Ltd.
• State enterprise Artyomsol
• Mitsui Group
• Salins Group
The report has profiled key players in the market by their size and presence by regions. Since, there are limitation to profile all the kay player, representation is given to companies by region, sales revenue, expenditure on technology, expansion plans, investments received, involved in M&A.
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