- Industrial
- Pharmaceutical
- Food
Sodium Nitrate Market size was valued at USD 237.5 Million in 2022 growing at a significant CAGR of 6.2 % from 2023 and 2029. The demand for sodium nitrate from end-use industries significantly impacts its production and consumption. However, chemicals found in fertilizer additions and fertilizers can have a negative impact on groundwater and drinking water, resulting in a variety of ailments. The rise of fertilizer products in the agriculture industry is expected to drive the market, and the trends heavily influence the market in its target industries. The market is likely to be driven by increased demand from the fertilizers end-use segment due to rising food consumption throughout the forecast period. Because of their ability to give vital nitrogen nutrients to sodium nitrate-based fertilizers, crops are frequently employed. The fertilizer application segment dominated the market in terms of revenue in 2020, accounting for the most significant proportion. This large percentage can be ascribed to the expanding global need for fertilizers due to increased food production. Food demand has risen as the world's population has grown.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
The constantly expanding food and beverage industry has increased the demand for food preservatives. Processed food preservation has become more important in recent years, and sodium nitrate is increasingly being employed as a preservative in processed meats. Uncontrolled intake of sodium nitrate can cause several health issues such as colorectal cancer, pancreatic, stomach, oesophageal, thyroid cancers, heart disease, etc. These side effects are associated with the overconsumption of sodium nitrate and are anticipated to impede the market's growth.
The CAGR of the sodium nitrate market is 6.2% over the forecast period
The Deepak Group, Airedale Chemical Company, Anmol Chemicals, UBE Corporation
North America is the fastest-growing region for the sodium nitrate market
1.Executive Summary |
2.Global Sodium Nitrate Market Introduction |
2.1.Global Sodium Nitrate Market - Taxonomy |
2.2.Global Sodium Nitrate Market - Definitions |
2.2.1.Grade |
2.2.2.Application |
2.2.3.Region |
3.Global Sodium Nitrate Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Sodium Nitrate Market Analysis, 2018-2022 and Forecast 2023-2029 |
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Sodium Nitrate Market By Grade, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
5.1. Industrial |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Pharmaceutical |
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Food |
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6.Global Sodium Nitrate Market By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
6.1. Chemicals |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Fertilizers |
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Explosives |
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Glass |
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Pharmaceutical |
6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Food & Beverages |
6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Others |
6.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
7.Global Sodium Nitrate Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific (APAC) |
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.North America Sodium Nitrate Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
8.1. Grade Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Industrial |
8.1.2.Pharmaceutical |
8.1.3.Food |
8.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.Chemicals |
8.2.2.Fertilizers |
8.2.3.Explosives |
8.2.4.Glass |
8.2.5.Pharmaceutical |
8.2.6.Food & Beverages |
8.2.7.Others |
8.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9.Europe Sodium Nitrate Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
9.1. Grade Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Industrial |
9.1.2.Pharmaceutical |
9.1.3.Food |
9.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Chemicals |
9.2.2.Fertilizers |
9.2.3.Explosives |
9.2.4.Glass |
9.2.5.Pharmaceutical |
9.2.6.Food & Beverages |
9.2.7.Others |
9.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
10.Asia Pacific (APAC) Sodium Nitrate Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
10.1. Grade Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Industrial |
10.1.2.Pharmaceutical |
10.1.3.Food |
10.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Chemicals |
10.2.2.Fertilizers |
10.2.3.Explosives |
10.2.4.Glass |
10.2.5.Pharmaceutical |
10.2.6.Food & Beverages |
10.2.7.Others |
10.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11.Middle East and Africa (MEA) Sodium Nitrate Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
11.1. Grade Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Industrial |
11.1.2.Pharmaceutical |
11.1.3.Food |
11.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Chemicals |
11.2.2.Fertilizers |
11.2.3.Explosives |
11.2.4.Glass |
11.2.5.Pharmaceutical |
11.2.6.Food & Beverages |
11.2.7.Others |
11.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12.Latin America Sodium Nitrate Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
12.1. Grade Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Industrial |
12.1.2.Pharmaceutical |
12.1.3.Food |
12.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Chemicals |
12.2.2.Fertilizers |
12.2.3.Explosives |
12.2.4.Glass |
12.2.5.Pharmaceutical |
12.2.6.Food & Beverages |
12.2.7.Others |
12.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.Hach |
13.2.2.BASF SE |
13.2.3.Alfa Aesar |
13.2.4.The Deepak Group |
13.2.5.Anmol Chemicals |
13.2.6.UBE Corporation |
13.2.7.American Elements |
13.2.8.Aldebaran Sistemas |
13.2.9.SINOY GROUP LIMITED |
13.2.10.Sumitomo Chemical Co. Ltd. |
13.2.11.Radiant Indus Chem Pvt. Ltd |
13.2.12.Airedale Chemical Company |
14. Research Methodology |
15. Appendix and Abbreviations |