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Pharmaceutical Grade Sodium Chloride Market is Poised to Register 5.6% Growth by the End of 2028

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Future Market Insights has announced the addition of the “Pharmaceutical Grade Sodium Chloride Market Global Industry Analysis 2018-2028 " report to their offering
Pharmaceutical Grade Sodium Chloride Market is
Expected to Reach US$ 430 Mn by the End of 2028
March 2018
Report Id : REP-GB-6464
Status : Publish
Category : Chemicals and Materials
©2015 Future Market Insights, All Rights Reserved
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Pharmaceutical Grade Sodium Chloride Market Analysis
Future Market Insights anticipates 2x growth for China and 2.2x growth for India over 2018-2028
The global pharmaceutical grade sodium chloride market is presumed to exceed a value of US$ 430 Mn
by 2028 end. The market is currently worth US$ 249.5 Mn and is projected for a positive growth outlook
over the next decade, at a CAGR of 5.6%. Among all regional markets for pharmaceutical grade sodium
chloride, China currently holds around 28% share of the total market revenue and will reportedly
continue dominance with maximum market share by value. India, although a low-volume market, is
foreseen to witness a relatively high-growth scenario in near future.
Robust Production of Hemodialysis Solutions to Push the Chinese Market
The US$ 69.8 Mn Chinese market for pharmaceutical grade sodium chloride is likely to thrive at a healthy
value CAGR of 7.3% over 2018-2028. Applications in hemodialysis and hemofiltration solutions will
remain top consumers, bringing over 80% of the total revenues. “China will dominate in terms of both
production and consumption. Soaring production of hemodialysis solutions in China will predominantly
boost the market for pharmaceutical grade sodium chloride in China,” states a research analyst at Future
Market Insights.
©2015 Future Market Insights, All Rights Reserved
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Pharmaceutical Grade Sodium Chloride Market Analysis
Rising Renal Failure Cases to Provide Traction to the Indian Market
The Indian market for pharmaceutical grade sodium chloride is currently worth US$ 6.5 Mn, expected to
see an impressive CAGR of 8.5% through to 2028. Future Market Insights estimates more than 38,000
metric tons of consumption volume to be attained by the Indian market by 2028 end. Soaring number of
cases of patients suffering from kidney failure and other renal disorders is identified to be the key factor
driving the demand for pharmaceutical grade sodium chloride in production of dialysis and perennial
solutions.
Other Factors Impacting the Performance of Markets in China and India
 Growing demand for hemodialysis and hemofiltration solutions
 Increasing consumption of ORS solutions
 Improving healthcare facilities and infrastructure
 Favorable government policies
Request Report Methodology @ https://www.futuremarketinsights.com/askus/rep-gb-6464
©2015 Future Market Insights, All Rights Reserved
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Pharmaceutical Grade Sodium Chloride Market Analysis
Some of the leading players in the global pharmaceutical grade sodium chloride market are K+S Group
(ESCO Salt), AkzoNobel N.V., Morton International, and U.S. Salt LLC. According to Future Market Insights’
research, Indian market for pharmaceutical grade sodium chloride has over 100 manufacturers, which
make it the third largest producer on a global level. Chinese market revenue is majorly concentrated in
Tianjin Changlu Haijing Group Co., Ltd., Hebei Huachen Pharmaceutical Co., Ltd., and Thai Refined Salt
Co., Ltd. Several key players are focusing more on their capacity expansion and many others are
considering introduction of new products to the market with additional novel functionalities.
A few of the global key companies, including N.V. and K+S Group, are planning expansion in India.
Manufacturers and end-users are prioritizing long term supply agreements, which in turn is propelling
sales of pharmaceutical grade sodium chloride over the forecast period. Strengthening of distribution
channels is another paramount for top market players in a bid to enhance their global reach. Will
improvement in distribution channels lead to improved market conditions in developed regions and
developing ones other than China and India? The report can offer more insights.
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