Sodium Chloride Market 2016 Share, Trend, Segmentation and Forecast Sodium Chloride Market - Global Industry Analysis, | Page 2

chloride market in 2015. However, the segment is expected to witness a decline
over the forecast period owing to the fluctuations in snowfall in key regional
markets such as Europe and North America. The segment, as a result, is expected to
account for a nearly 15% of the market by 2024.
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Decline across Deicing Application to Hamper Growth in North America
and Europe
Asia Pacific holds the top spot in the global sodium chloride market in terms of both
production and consumption. The region is also expected to remain the most
lucrative market for sodium chloride over the forecast period, chiefly owing to the
rising demand from end-use industries such as water treatment, chemicals, and
food and beverages. The rising demand for chloro-alkali products in the chemical
industry are likely to provide lucrative opportunities for the sodium chloride market
in Asia Pacific. Increase in disposable incomes and changing food habits are
expected to provide significant growth opportunities owing to the rising
consumption of packaged and preserved food products.
The sodium chloride markets in North America and Europe are mature and less
lucrative than Asia Pacific. However, North America and Europe are also the largest
deicing salt consuming markets and will continue to account for a sizeable share in
the global sodium chloride market over the forecast period. In the North America
market, the U.S., which currently holds a significant share in the regional market’s
revenues, is likely to continue to remain the primary market for deicing and
chemical intermediates segments; Canada is expected to offer higher market
potential for deicing.
Some of the global sodium chloride market’s most influential players are Cargill
Incorporated, Akzo Nobel N.V., Tata Chemicals Ltd., Dampier Salts, China National
Salt Industry Corporation, Compass Minerals International, Inc., Wacker Chemie AG,
Südwestdeutsche Salzwerke AG, INEOS Salts, Swiss Salt Works AG, and Cheetham
Salt.
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