sodium chloride Market Releases Report On The Market Name 2021-2027
Sodium chloride is universally known as common salt and used in excess quantities by various end-use industries. It is generally obtained by evaporation of seawater or brine via vacuum evaporation or solar methods. It is produced in large quantities to serve the demands of wastewater treatment, chemicals, and oil & gas. The global sodium chloride market report by Market Research Future (MRFR) outlines several pertinent factors, drivers, opportunities, and drawbacks for the period between 2019 and 2025 (forecast period). Market Outlook The global sodium chloride market size can touch a value of USD 21.3 billion by 2025 while exhibiting a CAGR of 3.4% during the forecast period. Applications in de-icing and production of chlor-alkali products such as chlorine, soda ash, and caustic soda can drive the market demand to new heights. In addition, de-icing of snow in countries with cold climes and low cost of raw materials can drive the market demand. The application of salt i...