Market Overview:
The global sodium nitrate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. Sodium nitrate is used in various applications such as glass, explosives, agricultural, chemical industry and others. The growth of the global sodium nitrate market can be attributed to the increasing demand for glass and explosives products across the globe. In addition, rising demand for fertilizers in agriculture sector is also expected to fuel the growth of this market during the forecast period. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
A white, crystalline, water-soluble compound NaNO3 that is used to make fertilizers and explosives.
Sodium Nitrate Crystal:
Sodium nitrate is a crystalline compound, which is a part of organic chemical family. It has colorless and odorless properties. The product can be produced by various methods such as the dry distillation process, the wet process, and the flash method among others. The final product obtained after any of these processes is then purified & dried to obtain sodium nitrate crystals.
The global sodium nitrate crystal industry was estimated at USD 810 million in 2016.
Industrial Sodium Nitrate:
Industrial sodium nitrate is a chemical compound, which is primarily used as a fertilizer. It has the formula (SNO3)2. The color of the solution varies between yellow and orange-red depending upon its concentration. It has high solubility in water and freely dissolves in alcohol, however it is insoluble in ether or carbon dioxide due to the presence of double bonds present in these compounds.
Application Insights:
The other application segment includes food processing, paper and pulp, textiles and leather, mining and construction. The product is used as a preservative in the meat industry to prevent botulism. It is also used as an active ingredient in commercial explosives for quarry operations, road construction, landfills; agriculture including potatoes; glass manufacturing; chemical industries including nitric acid production; metal treatment including ferrous chloride production); wood preservation using creosote preservatives or pentachlorophenol (PCP) which are primarily utilized by the automotive industry for lubrication purposes.
Regional Analysis:
Asia Pacific sodium nitrate market is expected to witness significant growth over the forecast period owing to the increasing demand for industrial explosives. The growing mining and construction industry in emerging economies such as China, India, Indonesia, and Malaysia are anticipated to be major driving factors for product demand. In addition, rising government spending on defense activities coupled with stringent regulations by various regulatory bodies pertaining to the use of explosives is likely drive industry growth over the coming years.
The Asia Pacific was followed by Europe in terms of volume share in 2017 owing to a decline in production levels across several European countries including Germany and Belgium on account of strict regulations regarding usage. However, certain countries such as Norway continue their production levels at previous high thereby making it one of the largest producers across global markets despite declining volumes elsewhere; this trend is expected continue till 2030 thus making it an important region for global sodium nitrate market analysis during that period.
Growth Factors:
- Increasing demand for food due to population growth
- Rising disposable income in developing countries
- Technological advancements in the agriculture sector
- Growing awareness about the benefits of using sodium nitrate as a fertilizer and preservative agent
- Stringent regulations on food additives and fertilizers
Scope Of The Report
Report Attributes
Report Details
Report Title
Sodium Nitrate Market Research Report
By Type
Sodium Nitrate Crystal, Industrial Sodium Nitrate
By Application
Glass, Explosives, Agricultural, Chemical Industry, Other
By Companies
SQM, Shandong Haihua, Cosayach, Jianfeng Group, Sinkiang Nitrate Minerals, Linyi Luguang, Qinghai Yanhu, Shandong Xinhao, Haiye Chemical, Deepak Nitrite, ACF Nitratos, BASF, Uralchem, Sumitomo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Sodium Nitrate Market Report Segments:
The global Sodium Nitrate market is segmented on the basis of:
Types
Sodium Nitrate Crystal, Industrial Sodium Nitrate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Glass, Explosives, Agricultural, Chemical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SQM
- Shandong Haihua
- Cosayach
- Jianfeng Group
- Sinkiang Nitrate Minerals
- Linyi Luguang
- Qinghai Yanhu
- Shandong Xinhao
- Haiye Chemical
- Deepak Nitrite
- ACF Nitratos
- BASF
- Uralchem
- Sumitomo
Highlights of The Sodium Nitrate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sodium Nitrate Crystal
- Industrial Sodium Nitrate
- By Application:
- Glass
- Explosives
- Agricultural
- Chemical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sodium Nitrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sodium nitrate is a salt made of sodium and nitrite. It is used as a food preservative, colorant, and explosive.
Some of the major companies in the sodium nitrate market are SQM, Shandong Haihua, Cosayach, Jianfeng Group, Sinkiang Nitrate Minerals, Linyi Luguang, Qinghai Yanhu, Shandong Xinhao, Haiye Chemical, Deepak Nitrite, ACF Nitratos, BASF, Uralchem, Sumitomo.
The sodium nitrate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sodium Nitrate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sodium Nitrate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sodium Nitrate Market - Supply Chain
4.5. Global Sodium Nitrate Market Forecast
4.5.1. Sodium Nitrate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sodium Nitrate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sodium Nitrate Market Absolute $ Opportunity
5. Global Sodium Nitrate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Sodium Nitrate Market Size and Volume Forecast by Type
5.3.1. Sodium Nitrate Crystal
5.3.2. Industrial Sodium Nitrate
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sodium Nitrate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Sodium Nitrate Market Size and Volume Forecast by Application
6.3.1. Glass
6.3.2. Explosives
6.3.3. Agricultural
6.3.4. Chemical Industry
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sodium Nitrate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Sodium Nitrate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Sodium Nitrate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Sodium Nitrate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Sodium Nitrate Demand Share Forecast, 2019-2026
9. North America Sodium Nitrate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Sodium Nitrate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Sodium Nitrate Market Size and Volume Forecast by Application
9.4.1. Glass
9.4.2. Explosives
9.4.3. Agricultural
9.4.4. Chemical Industry
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sodium Nitrate Market Size and Volume Forecast by Type
9.7.1. Sodium Nitrate Crystal
9.7.2. Industrial Sodium Nitrate
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Sodium Nitrate Demand Share Forecast, 2019-2026
10. Latin America Sodium Nitrate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Sodium Nitrate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Sodium Nitrate Market Size and Volume Forecast by Application
10.4.1. Glass
10.4.2. Explosives
10.4.3. Agricultural
10.4.4. Chemical Industry
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sodium Nitrate Market Size and Volume Forecast by Type
10.7.1. Sodium Nitrate Crystal
10.7.2. Industrial Sodium Nitrate
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Sodium Nitrate Demand Share Forecast, 2019-2026
11. Europe Sodium Nitrate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Sodium Nitrate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Sodium Nitrate Market Size and Volume Forecast by Application
11.4.1. Glass
11.4.2. Explosives
11.4.3. Agricultural
11.4.4. Chemical Industry
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sodium Nitrate Market Size and Volume Forecast by Type
11.7.1. Sodium Nitrate Crystal
11.7.2. Industrial Sodium Nitrate
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sodium Nitrate Demand Share, 2019-2026
12. Asia Pacific Sodium Nitrate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Sodium Nitrate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Sodium Nitrate Market Size and Volume Forecast by Application
12.4.1. Glass
12.4.2. Explosives
12.4.3. Agricultural
12.4.4. Chemical Industry
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sodium Nitrate Market Size and Volume Forecast by Type
12.7.1. Sodium Nitrate Crystal
12.7.2. Industrial Sodium Nitrate
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Sodium Nitrate Demand Share, 2019-2026
13. Middle East & Africa Sodium Nitrate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Sodium Nitrate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Sodium Nitrate Market Size and Volume Forecast by Application
13.4.1. Glass
13.4.2. Explosives
13.4.3. Agricultural
13.4.4. Chemical Industry
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sodium Nitrate Market Size and Volume Forecast by Type
13.7.1. Sodium Nitrate Crystal
13.7.2. Industrial Sodium Nitrate
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Sodium Nitrate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sodium Nitrate Market: Market Share Analysis
14.2. Sodium Nitrate Distributors and Customers
14.3. Sodium Nitrate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SQM
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shandong Haihua
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cosayach
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Jianfeng Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sinkiang Nitrate Minerals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Linyi Luguang
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Qinghai Yanhu
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shandong Xinhao
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Haiye Chemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Deepak Nitrite
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ACF Nitratos
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. BASF
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Uralchem
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sumitomo
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
