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Pharmaceutical Grade Sodium Chloride Market

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<strong>Pharmaceutical</strong> <strong>Grade</strong> <strong>Sodium</strong> <strong>Chloride</strong> <strong>Market</strong> is<br />

Expected to Reach US$ 430 Mn by the End of 2028<br />

March 2018<br />

Report Id : REP-GB-6464<br />

Status : Publish<br />

Category : Chemicals and Materials<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved


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<strong>Pharmaceutical</strong> <strong>Grade</strong> <strong>Sodium</strong> <strong>Chloride</strong> <strong>Market</strong> Analysis<br />

Future <strong>Market</strong> Insights anticipates 2x growth for China and 2.2x growth for India over 2018-2028<br />

The global pharmaceutical grade sodium chloride market is presumed to exceed a value of US$ 430 Mn<br />

by 2028 end. The market is currently worth US$ 249.5 Mn and is projected for a positive growth outlook<br />

over the next decade, at a CAGR of 5.6%. Among all regional markets for pharmaceutical grade sodium<br />

chloride, China currently holds around 28% share of the total market revenue and will reportedly<br />

continue dominance with maximum market share by value. India, although a low-volume market, is<br />

foreseen to witness a relatively high-growth scenario in near future.<br />

Robust Production of Hemodialysis Solutions to Push the Chinese <strong>Market</strong><br />

The US$ 69.8 Mn Chinese market for pharmaceutical grade sodium chloride is likely to thrive at a healthy<br />

value CAGR of 7.3% over 2018-2028. Applications in hemodialysis and hemofiltration solutions will<br />

remain top consumers, bringing over 80% of the total revenues. “China will dominate in terms of both<br />

production and consumption. Soaring production of hemodialysis solutions in China will predominantly<br />

boost the market for pharmaceutical grade sodium chloride in China,” states a research analyst at Future<br />

<strong>Market</strong> Insights.<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4


<strong>Pharmaceutical</strong> <strong>Grade</strong> <strong>Sodium</strong> <strong>Chloride</strong> <strong>Market</strong> Analysis<br />

Rising Renal Failure Cases to Provide Traction to the Indian <strong>Market</strong><br />

The Indian market for pharmaceutical grade sodium chloride is currently worth US$ 6.5 Mn, expected to<br />

see an impressive CAGR of 8.5% through to 2028. Future <strong>Market</strong> Insights estimates more than 38,000<br />

metric tons of consumption volume to be attained by the Indian market by 2028 end. Soaring number of<br />

cases of patients suffering from kidney failure and other renal disorders is identified to be the key factor<br />

driving the demand for pharmaceutical grade sodium chloride in production of dialysis and perennial<br />

solutions.<br />

Other Factors Impacting the Performance of <strong>Market</strong>s in China and India<br />

Growing demand for hemodialysis and hemofiltration solutions<br />

Increasing consumption of ORS solutions<br />

Improving healthcare facilities and infrastructure<br />

Favorable government policies<br />

Request Report Methodology @ https://www.futuremarketinsights.com/askus/rep-gb-6464<br />

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<strong>Pharmaceutical</strong> <strong>Grade</strong> <strong>Sodium</strong> <strong>Chloride</strong> <strong>Market</strong> Analysis<br />

Some of the leading players in the global pharmaceutical grade sodium chloride market are K+S Group<br />

(ESCO Salt), AkzoNobel N.V., Morton International, and U.S. Salt LLC. According to Future <strong>Market</strong> Insights’<br />

research, Indian market for pharmaceutical grade sodium chloride has over 100 manufacturers, which<br />

make it the third largest producer on a global level. Chinese market revenue is majorly concentrated in<br />

Tianjin Changlu Haijing Group Co., Ltd., Hebei Huachen <strong>Pharmaceutical</strong> Co., Ltd., and Thai Refined Salt<br />

Co., Ltd. Several key players are focusing more on their capacity expansion and many others are<br />

considering introduction of new products to the market with additional novel functionalities.<br />

A few of the global key companies, including N.V. and K+S Group, are planning expansion in India.<br />

Manufacturers and end-users are prioritizing long term supply agreements, which in turn is propelling<br />

sales of pharmaceutical grade sodium chloride over the forecast period. Strengthening of distribution<br />

channels is another paramount for top market players in a bid to enhance their global reach. Will<br />

improvement in distribution channels lead to improved market conditions in developed regions and<br />

developing ones other than China and India? The report can offer more insights.<br />

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