Sodium Chloride Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2031
The global sodium chloride market is ready to embark on a positive growth trajectory, expanding at a modest CAGR to reach a value of US$ 59 Bn by 2030. While applications in the chemical and food & beverage sectors have been the most extensive, market players are looking to unlock potential revenue pools across de-icing and pharmaceutical applications. Analysts have also concluded that common salt is the key to achieving sustainable energy generation in the future. Nearly nine out of ten industry units utilize sodium chloride to produce caustic soda and chlorine, which are used to manufacture light-weight materials such as polyurethane as an insulation material in construction, as well as chlorine for epoxy resins for electric cars and wind turbines. Moreover, its utility as an important food preservative and as a taste enhancer makes common salt a widely used ingredient in the food industry. While the COVID-19 pandemic may impede growth in the near-term, the long-term outlook