AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
The U.S. Market is Estimated at $61.1 Million, While China is Forecast to Grow at 9.7% CAGR
The Sodium Chlorite market in the U.S. is estimated at US$61.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$71.5 Million by the year 2027 trailing a CAGR of 9.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$46 Million by the year 2027.
Download Sample PDF (236 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/14633
Antimicrobial Agent Segment to Record 5.5% CAGR
In the global Antimicrobial Agent segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10.1 Million in the year 2020 will reach a projected size of US$14.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.8% CAGR through the analysis period.
Global Sodium Chloride Market Trends:
The market growth of Sodium Chloride, commonly known as salt, is driven by its indispensable role in various industries. Primarily, the food industry's demand for salt as a preservative and flavor enhancer continues to be a significant growth driver. Additionally, salt's application in chemical manufacturing, particularly in the production of chlorine and caustic soda, supports industrial demand. The pharmaceutical sector also contributes to the market growth, utilizing Sodium Chloride in medications and intravenous solutions. Moreover, the increasing use of salt in water treatment processes and de-icing roads in colder climates further sustains its demand. These varied applications across multiple industries underscore Sodium Chloride's essential position in the global market.
Request the Analysis @ https://www.alliedmarketresearch.com/request-for-customization/14633
Factors Affecting the Growth of the Sodium Chloride Industry:
Industrial Demand:
The industrial demand for sodium chloride, particularly from the chemical sector, plays a significant role in its market growth. Sodium chloride is a key raw material in the production of chlorine and caustic soda, which are essential in various industrial processes, including water treatment, paper manufacturing, and the production of PVC. As industries expand and new applications for these chemicals are discovered, the demand for sodium chloride increases accordingly. Additionally, the salt industry is closely linked to the oil and gas sector, where it is used in drilling fluids to stabilize pressure in wells. The growth of these industries directly influences the demand for sodium chloride, impacting its market dynamics.
Environmental and Health Concerns:
Environmental and health concerns significantly impact the sodium chloride market. The excessive use of road salt for de-icing in colder regions has raised environmental concerns due to its potential to harm aquatic ecosystems, corrode infrastructure, and contaminate drinking water. These environmental issues are prompting governments and organizations to seek alternatives or implement more sustainable salt usage practices, which could affect the demand for sodium chloride. On the health front, high sodium intake is linked to cardiovascular diseases and high blood pressure, leading to increased public health advocacy for reduced salt consumption. This has encouraged food manufacturers to seek lower sodium alternatives, influencing the market dynamics for sodium chloride in the food sector.
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/purchase-enquiry/14633
Key players of the global sodium chlorite market analyzed in the research include Carlit Holdings Co. Ltd., BioE, Shandong Gaomi Gaoyuan Chemical Industry Co. Ltd., Osaka Soda Co. Ltd., Dongying Shengya Chemical Co. Ltd., Otsuka Chemical Co. Ltd., Shree Chlorates Pvt. Ltd., Occidental Petroleum Corporation, Chemzest, and Otto Chemie Pvt. Ltd.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
+ + 1 800-792-5285
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
