Pharmaceutical grade sodium chloride is a chemical that has major applications in the pharmaceutical domain. Pharmaceutical grade sodium chloride salt is an ionic compound with the chemical formula NaCl, representing a 1:1 ratio of sodium and chloride ions. Pharmaceutical grade sodium chloride is one of the important chemical used worldwide. Pharmaceutical grade sodium chloride is needed in peritoneal dialysis, mechanical cleansing solutions, and ORS.
Rising number of patients suffering from various chronic diseases globally, owing to changing lifestyle patterns and eating habits among individuals is a major factor driving growth of the target market. However, stringent government regulations may restrain growth of the global pharmaceutical grade sodium chloride market in the near future.
The global pharmaceutical grade sodium chloride market has been segmented on the basis of application and region. On basis of application the target market is segmented into channeling agents/ osmotic agent, mechanical cleansing solutions, peritoneal dialysis, hemofiltration solutions, injections, hemodialysis, oral rehydration salts, and others that include, dietary formulations along with infant formulations. Hemofiltration solutions and hemodialysis segments dominates the global market in terms of revenue and are expected to maintain their dominance over the forecast period.
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Based upon region global pharmaceutical grade sodium chloride market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The market in North America is estimated to be highest share in terms of revenue over the forecast period, owing to rising demand for pharmaceutical sodium chloride from healthcare sector. The market in Asia Pacific is expected to register significant growth in terms of revenue, owing to increasing adoption of pharmaceutical grade sodium chloride in various end-user industries such as chemicals and pharmaceuticals in the region.
Key players operating the global pharmaceutical grade sodium chloride market include 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, and Swiss Saltworks AG.