Press release
Pharmaceutical Grade Sodium Chloride Market Size to Reach 877 KT by 2023 With Leading Market Key Players - Hub Salt, AkzoNobel (Sanal Pharma), Salinen Austria AG, Cheetham Salt and Sudsalz
According to the Research Report, the Global Pharmaceutical Grade Sodium Chloride Market Size was worth USD 487 KT in 2014 and is expected to reach approximately USD 877 KT by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.75% during the forecast period.
Browse details of 105 numbers of pages research report developed on Pharmaceutical Grade Sodium Chloride Market @ https://www.researchcosmos.com/reports/pharmaceutical-grade-sodium-chloride-market-by-application-global-industry-analysis-and-forecast-t/42406680
Pharmaceutical Grade Sodium Chloride Market Overview:
The global market for pharmaceutical grade sodium chloride is expected to have rapid growth due to the increased use of sodium chloride as a reagent in the chemical industry. The growing demand for NaCl for the pharmaceutical industry is also expected to stimulate the market over the forecast period.
Pharmaceutical Grade Sodium Chloride Market Growth Drivers and Restraints:
The rapid increase in the number of patients with chronic and renal diseases is driving the global market. In addition, the strong need for pharmaceutical grade sodium chloride, mainly in Europe and North America, also contributed to market growth. The demand for pharmaceutical grade comes from the chemical industry, where it is widely used for the production of chlor-alkali products such as chlorine, sodium carbonate, and caustic soda. These products are also used to manufacture a wide range of products such as PVC, detergents, glass, dyes, and soaps. Increasing demand for these products worldwide is expected to be a major determinant of pharmaceutical grade sodium chloride demand over the forecast period.
Strict policies or regulations initiated by government agencies have dampened market growth. In addition, low profitability also restricts market expansion.
However, it is expected that pure and certified salt and increased spending capacity in developing countries will create more opportunities in the future. Additionally, the applications of this product in channeling agents/osmotic agents, mechanical cleaning solutions, peritoneal dialysis, and hemofiltration solutions, injections, hemodialysis, oral rehydration salts (ORS), etc., strengthen its demand.
Geographic Insights of the Pharmaceutical Grade Sodium Chloride Market:
Regions such as North America, Europe, Asia-Pacific, and LAMEA will experience rapid growth in the future. In terms of revenue, the Asia-Pacific region dominated the global pharmaceutical grade sodium chloride market in 2017. It is estimated that this region will continue its lead in the coming years. North America and Europe are mature regions of the pharmaceutical grade sodium chloride. The market is expected to grow rapidly in these regions due to the presence of key manufacturers. The market in the Middle East, Africa, and Latin America are expected to expand over the forecast period due to the presence of emerging economies and the growth of the chemicals, food and beverage industries.
Key Market Players of the Pharmaceutical Grade Sodium Chloride Market:
Hub Salt, AkzoNobel (Sanal Pharma), Salinen Austria AG, Cheetham Salt, and Sudsalz are the main players in the world pharmaceutical grade sodium chloride market.
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Pharmaceutical Grade Sodium Chloride Market Key Segmentation:
By Application:
• Peritoneal dialysis & hemofiltration solutions
• Injections
• Oral rehydration salts (ORS)
• Hemodialysis
• Channeling agents/ osmotic agent
• Mechanical cleansing solutions
• Others (dietary formulations and infant formulations).
By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/pharmaceutical-grade-sodium-chloride-market-by-application-global-industry-analysis-and-forecast-t/42406680
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
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