Global Sodium Chloride Market to Reach US$46.8 Billion by 2030
The global market for Sodium Chloride estimated at US$38.4 Billion in the year 2024, is expected to reach US$46.8 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2024-2030. Rock Salt Grade Sodium Chloride, one of the segments analyzed in the report, is expected to record a 3.1% CAGR and reach US$11.7 Billion by the end of the analysis period. Growth in the Solar Salt Grade Sodium Chloride segment is estimated at 3.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$10.3 Billion While China is Forecast to Grow at 5.6% CAGR
The Sodium Chloride market in the U.S. is estimated at US$10.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.3 Billion by the year 2030 trailing a CAGR of 5.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.8% and 2.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.
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