Global Pharmaceutical Grade Sodium Chloride Market Overview
"The Pharmaceutical Grade Sodium Chloride Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact to make informed forecasts about the scenarios in the future.
Pharmaceutical grade sodium chloride is also known as pharmaceutical salt – which is granular, white crystalline sodium chloride. Pharmaceutical grade sodium chloride is manufactured under strict process control procedure. Pharmaceutical-grade sodium chloride is used in various applications such as injections, hemodialysis, peritoneal dialysis hemofiltration solutions, and oral rehydration salts (ORS). Pharmaceutical grade sodium chloride is also used as channeling agent or osmotic agent.
Pharmaceutical grade sodium chloride is broadly consumed as a key agent in treatment of various chronic and kidney diseases, owing to increasing patient pool associated with chronic and kidney diseases globally is a major factor driving the target market. In addition, increasing demand for pharmaceutical grade sodium chloride as crucial chemical in various end user applications such as pharmaceutical, and chemical industries is another major factor expected to boost growth of the global pharmaceutical grade sodium chloride market over the forecast period. However, stringent policies and regulations by the government may hamper growth of the global market.
Currently, market in North America is expected as a rapidly growing market share in the global pharmaceutical grade sodium chloride market in terms of revenue, owing to presence of large number of pharmaceutical companies as well as higher demand for pharmaceutical sodium chloride from healthcare industry in the region.
The market in North America, is expected to witness moderate growth over the forecast period and anticipated to register a CAGR of X.X% shortly. North America is followed by Asia-Pacific and Europe as second and third largest markets for pharmaceutical-grade sodium chloride. However, Asia-Pacific is expected to remain the fastest growing market, owing to the rapidly growing healthcare sector in the region.
Global pharmaceutical grade sodium chloride market segmentation:
- Channeling agents/ Osmotic agent
- Mechanical cleansing solutions
- Peritoneal dialysis
- Hemofiltration solutions
- Oral rehydration salts
- Others (dietary formulations and infant formulations)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Hub-Pak Salt Refinery
- Akzo Nobel N.V.
- Salinen Austria AG
- Cheetham Salt Limited
- SUDSALZ GmbH
- K+S AG
- Dominion Salt Ltd.
- Cargill Incorporated
- Tata Chemicals Limited
- Swiss Saltworks AG
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