openPR Logo
Press release

Sodium Chloride Market Research Report by Geographical Analysis and Forecast up to 2024

Sodium Chloride Market Research Report by Geographical

The highly fragmented competitive landscape of the global sodium chloride market features several global as well as regional players vying for a larger share in the market, observes a recent report by Transparency Market Research (TMR). “Salt manufacturers are continuously developing salt products for different health concerns without compromising on their flavors for the food and beverages industry,” states a TMR analyst. An instance is the Tata Salt Lite by Tata Salt. The product is a low-sodium salt formulated to provide 15% lower sodium than ordinary salt for blood pressure management. Some of the market’s most influential players are Cargill Incorporated, Akzo Nobel N.V., Tata Chemicals Ltd., Dampier Salts, and Wacker Chemie AG.

Browse Market Research Report: http://www.transparencymarketresearch.com/sodium-chloride-market.html

TMR estimates that the market will exhibit a nearly 3.8% CAGR over the period between 2016 and 2024. As a result, the market, which valued at US$13.85 bn in 2015 and is anticipated to reach US$19.37 bn in 2024. In terms of application, the chemical intermediates industry dominates, accounting for over 50% of the market in 2015. From a geographical perspective, Asia Pacific held the dominant share of nearly 50% of the market in 2015 and is expected to remain the most lucrative regional market over the forecast period as well.

Demand across Chemical Industry to be Key Determinant of Market Growth

The flourishing global chemical industry has resulted in a significant rise in demand for chlor-alkali products such as chlorine, caustic soda, and soda ash in the past few years. Salt being a primary commercial source for the production of chlorine and sodium hydroxide, as it is widely available and is very economic, its demand is expected to witness a surge across the chemical industry in the next few years. Emerging countries across Asia Pacific region such as China and India are the major producers and consumers of chlor-alkali products. The market for sodium chloride across these countries is expected to be among the most lucrative markets over the forecast period.

Get TOC of this Report @ http://www.transparencymarketresearch.com/report-toc/7304

The extensive use of sodium chloride across the food and beverages industry in the form of flavoring agent and preservative is also expected to have an immense positive impact on the overall market in the next few years. Being one of the prominent end user of a variety of salts. The flourishing food and beverages industry, especially the segment of packaged and canned foods, is expected to be one of the key drivers of the global sodium chloride market in the next few years.

Fluctuation in Snowfall to Impact Demand for Sodium Chloride in Deicing Application

Deicing and snow-control applications account for a significant share in the overall consumption of sodium chloride in regions such as North America and Europe. Of late, the vast fluctuations observed in snowfall in these regions owing to global warming and the resultant unpredictability in climatic conditions have made it difficult for salt manufacturers to determine the salt quantity to be produced to gain profitable returns. During unfavorable winter conditions, large amounts of un-used salt is either disposed or stored using expensive technologies, resulting in major losses for manufacturers. This factor is expected to severely impact the development of the global sodium chloride market in the next few years.

Get accurate market forecast and analysis on the Sodium Chloride market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7304

Apart from this, factors such as the easy availability of salt across every corner of the world, production in large quantities, and intense competition among global and regional players, which leads to considerably low profit margins, are the key challenges faced by the global market. The hygroscopic nature of salt also adds up to the production cost, further lowering the profit margins of manufacturers. These factors are expected to substantially hamper the growth of the market over the forecast period.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Sodium Chloride Market Research Report by Geographical Analysis and Forecast up to 2024 here

News-ID: 734356 • Views: 197

More Releases from Transparency Market Research

Impact of Outbreak of COVID-19 on Medical Education Market : Global Industry Ana …
Transparency Market Research (TMR) has published a new report on the medical education market for the period of 2019–2027. According to the report, the global medical education market was valued at nearly US$ 31 Bn in 2018, and is projected to expand at a CAGR of more than 4% from 2019 to 2027. Rise in the number of medical schools and increase in cost of medical education are the
Healthcare BI Platform Market Companies Analysis, Advancement and Precise Outloo …
In an intensely competitive healthcare business intelligence (BI) platform market, large players are aggressively focused on expanding their geographical outreach, says Transparency Market Research (TMR) in a new market intelligence report. These large players are leveraging the cloud business model to provide healthcare BI solutions that can be accessed irrespective of location. Apart from this, savvy players are entering into partnerships with hospital groups and healthcare bodies to integrate healthcare BI
Substance Abuse Treatment Market News Research Report 2024
A recent report by Transparency Market Research on the substance abuse treatment market in the U.S. states that the competitive landscape is highly fragmented. This is because around 242 companies compete against one another in it. This also makes overall competition stiff. Some of the companies that have beat competition to emerge as leading players in the market are Pfizer Inc., Alkermes Plc, GlaxoSmithKline Plc., and Purdue Pharma LP. Their
Clinical Oncology Next Generation Sequencing Market is Thriving Worldwide By Siz …
Clinical Oncology Next Generation Sequencing: Introduction Next generation sequencing for tumor and germline DNA is required for oncology screening for therapeutic application. Rise in burden of cancer increases the need for early detection of the condition to carry out the generate target therapy. Companies are investing to develop technologically advanced devices/solutions for precision detection. In 2012, Oxford Nanopore had launched the GridION sequencing platform, which can sequence a human genome in 15

All 5 Releases


More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the