Global Pharmaceutical Grade Sodium Chloride Market growing at a CAGR of 6.2% from 2023 to 2031

Category : Materials And Chemicals | Published Date : Nov 2023

Key Market Overview

Consegic Business Intelligence analyzes that the pharmaceutical grade sodium chloride market is predicted to grow at a compound annual growth rate of 6.2% from 2023 to 2031 and is expected to reach USD 781.87 million in 2031 and 483.81 million in 2023 which was valued at USD 457.90 million in 2022.

The report highlights the increasing prevalence of chronic diseases, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the pharmaceutical grade sodium chloride market.

Global Pharmaceutical Grade Sodium Chloride Market By Overview

Global Pharmaceutical Grade Sodium Chloride Market

The pharmaceutical grade sodium chloride market is bifurcated into type, and application. Based on type, the market is segmented into API-NaCl and HD-NaCl. In 2022, the HD-NaCl segment dominate the overall pharmaceutical grade sodium chloride market. Based on application, the market is segmented into injections, peritoneal dialysis, hemodialysis, oral rehydration salts, hemofiltration solutions, and others. In 2022, injections segment dominate the overall pharmaceutical grade sodium chloride market.

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Market Dynamics

Driver:

 

  • Increasing prevalence of chronic diseases is driving the market growth.
  • Rising demand for minimally invasive surgeries is boosting the growth of the pharmaceutical grade sodium chloride market.

 

Restraints:

  • Environmental concerns is hampering the growth of the pharmaceutical grade sodium chloride market.

Market Segmentation:

Report Attributes Report Details
By Type API-NaCl and HD-NaCl
By Application Injections, Peritoneal dialysis, Hemodialysis, Oral rehydration salts, Hemofiltration solutions, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The market is dominated by certain major companies such as AkzoNobel, K+S AG, and Dominion Salt, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the pharmaceutical grade sodium chloride market is expected to witness substantial growth in the coming years due to government initiatives to improve healthcare such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.

  • AkzoNobel
  • K+S AG
  • Dominion Salt
  • Salinen Austria AG
  • Cargill Incorporated
  • Sudsalz
  • Cheetham Salt
  • Hub Salt
  • Tata Chemicals
  • US Salt
  • Hebei Huachen
  • Swiss Saltworks