Global Sodium Chloride Market: Rising Demand for Chemical Intermediates to Positively Influence Consumption, States Tmr

Transparency Market

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Sodium Chloride Market - Global Industry Analysis,

Size, Share, Growth, Trends, and Forecast 2016 - 2024

Published Date

21-Oct-2016

135 Page Report

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Global Sodium Chloride Market: Rising Demand for Chemical

Intermediates to Positively Influence Consumption, states

TMR

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Sodium Chloride Market

REPORT DESCRIPTION

Sodium Chloride Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 2024

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.

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.

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