Global Sodium Nitrate Market Growth 2024-2030

Global Sodium Nitrate Market Growth 2024-2030

Product Code:1192074

Published Date: Jun 20,2024

Pages: 120

Region: Global

Category: Chemical & Material

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Sodium nitrate occurs as colorless crystals or as a white crystalline powder. It is odorless and has a slightly salty taste. Sodium nitrate is a white deliquescent solid very soluble in water. It is a readily available source of the nitrate anion (NO3−), which is useful in several reactions carried out on industrial scales for the production of fertilizers, pyrotechnics, smoke bombs and other explosives, glass and pottery enamels, food preservatives (esp. meats), and solid rocket propellant. It has been mined extensively for these purposes.

The global Sodium Nitrate market size is projected to grow from US$ 339 million in 2024 to US$ 345 million in 2030; it is expected to grow at a CAGR of 0.3% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Sodium Nitrate Industry Forecast” looks at past sales and reviews total world Sodium Nitrate sales in 2023, providing a comprehensive analysis by region and market sector of projected Sodium Nitrate sales for 2024 through 2030. With Sodium Nitrate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sodium Nitrate industry.

This Insight Report provides a comprehensive analysis of the global Sodium Nitrate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Sodium Nitrate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Sodium Nitrate market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sodium Nitrate and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sodium Nitrate.

Global key players of Sodium Nitrate include Cosayach, SQM, Deepak Nitrite, Sinkiang Nitrate Minerals, Hualong Nitrite Limited, etc. The top five players hold a share about 44%. Asia Pacific is the largest market, and has a share about 72%, followed by North America and Europe with share 10% and 10%, separately. In terms of product type, By-product Sodium Nitrate is the largest segment, occupied for a share of 62%. In terms of application, Glass has a share about 31 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Sodium Nitrate market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    By-product Sodium Nitrate
    Natural Sodium Nitrate

Segmentation by Application:
    Glass
    Explosives
    Chemical Industry
    Agricultural
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Cosayach
    SQM
    Deepak Nitrite
    Sinkiang Nitrate Minerals
    Hualong Nitrite Limited
    Chongqing Jianfeng Industrial Group
    Weifang Haiye Chemistry and Industry
    Linyi Luguang Chemical
    Shandong Xinhao Chemical
    BASF
    Sumitomo
    Samgwang Co., Ltd.
    Uralchem

Key Questions Addressed in this Report
What is the 10-year outlook for the global Sodium Nitrate market?
What factors are driving Sodium Nitrate market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Sodium Nitrate market opportunities vary by end market size?
How does Sodium Nitrate break out by Type, by Application?