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 About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. 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T (Sr. Manager - Global Business Development) T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com ©2015 Future Market Insights, All Rights Reserved 2 Research Methodology (1/2) Systematic Research Approach 1 Market profiling 2 Formulating discussion guide 3 Developing list of respondents 4 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. FMI formulates a detailed discussion guide to conduct expert and industry interviews FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Data collection FMI conducts interviews with industry experts, industry players, distributors and retailers Data validation Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 6 Data analysis Insights 7 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry FMI delivers industry insights and information in the required format (PDF) Data Collection Research & Intelligence Data Filter & Analysis Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Actionable Insights A Primary Research B SOLUTION Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments Primary Research # Linkedin Zoominfo Salesforce Avention Business Solution Desk Research C Key industry experts Channel study Developments Market dynamics Products Conclusions Company Analysis Secondary Research # Company websites Company annual reports White papers Financial reports Paid Publications# Factiva GBI Genios Meltwater # includes sources of databases ©2015 Future Market Insights, All Rights Reserved 3 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 4 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 5 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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