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Sodium Chloride Market: Global Industry Analysis and Forecast The ionic compound sodium chloride, or NaCl, has a chemical formula that represents a 1:1 ratio of sodium and chloride ions. It's also known as salt, table salt, or common salt, and it's easily soluble in water. The end-use in several industries – food, medicinal, industrial, and chemical – has a significant impact on the market. Sodium chloride is used to de-ice roadways and highways in numerous parts of North America and Europe during severe snowfall. The chemical formula for sodium chloride is NaCl, which is a white crystalline solid. Salt, table salt, and common salt are all terms for the same thing. It has a white color, a crystalline appearance, a saline flavor, and is water-soluble.