Sodium Chloride Market 2016 Share, Trend, Segmentation and Forecast Sodium Chloride Market - Global Industry Analysis,

Sodium Chloride Market - Global Industry
Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024
Global Sodium Chloride Market: Snapshot
The global market for sodium chloride is primarily driven by the significant rise in
demand for chlor-alkali substances and packaged food products globally. The market
will gain sizeable traction from the demand across the flourishing food and
beverages and chemicals industries across emerging market but will bear the brunt
of the declining demand for deicing application in regions such as North America
and Europe.
Transparency Market Research estimates that the market will exhibit a moderate
3.8% CAGR over the period between 2016 and 2024. If the prediction holds true, the
market will rise from a valuation of US$13.85 bn in 2015 to US$19.37 bn in 2024.
View Report @ http://www.transparencymarketresearch.com/sodium-
chloride-market.html
Usage in Manufacturing of Chemical Intermediates to Remain Most
Promising Application Area
Of the key applications of sodium chloride in the global market, applications across
the chemical industry helped the global sodium chloride gain the most prominent
share in revenue in 2015. In the chemical industry, sodium chloride is used in the
manufacture of chlor-alkali products such as chlorine, soda ash, and caustic soda.
These products are further used for manufacturing a wide range of products such as
PVC, detergents, glass, dyes, and soaps. The rising global demand for these
products will be a key factor driving the demand for sodium chloride in chemical
applications in the next few years.
Over the forecast period, the market is expected to witness the most promising
growth across the application segment of flavoring agent and food preservative, an
estimated 4.3% CAGR from 2016 through 2024. The flourishing global market for
packaged food will be the key factor leading to the high demand for sodium chloride
across this application segment over the forecast period.
The application segment of deicing, which involves the use of salt for deicing of
snow on public and private areas such as roads, highways, airports, public and
private grounds, and airplanes, accounted for a nearly 16% of the global sodium