Sodium Nitrate Market by Grade (Food Grade and Industrial Grade) and End Use (Food, Pharmaceuticals, Chemicals & Agrochemicals, Explosives, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global sodium nitrate market was valued at $80.6 million in 2020, and is projected to reach $125.1 million by 2030, growing at a CAGR of 4.5% from 2021 to 2030.
Sodium nitrate is a chemical compound that has high bulk density and commonly added preservative in cured meat products.
The growth of the global market is due to rise in demand of industrial grade sodium nitrate and glass production. Sodium nitrate is used in two-stage production of chemical stable and high strength glasses. In order to increase the strength of finished glass, it can be immersed in sodium nitrate bath. In addition, it also improves surface characteristics of glass and chemical stability. Chemically strengthened glass product offers resistance toward scratches, improved bending strength, and temperature stability. Addition of sodium nitrate during production helps to yield chemically stable glass products that will be further used in canopy of some fighter aircraft.
However, prolonged used of processed meat containing sodium nitrate preservative may increase the risk of heart diseases. In addition, it leads to blood vessel damage which in turn narrows arteries leading to risk of cardiac arrest. Efficient use of sugar content by human body is utmost important in order to prevent the risk of diabetes. However, use of sodium nitrate containing food products leads to imbalance in the secretion of sugar level and further increases the risk of diabetes is considerable factor anticipated to hamper the market growth.
On the contrary, sodium nitrate is used widely as ingredient in rocket propellent. It can also be used as substitute over potassium nitrate in black powder propellant owing to its performance and slow burning rate. In addition, cost-effectiveness, non-toxicity, stability, and non-poisonous properties of sodium nitrate make it suitable to be used black powder that are used in fire crackers. All these factors collectively drive the growth of the global market and are thereby predicted to offer new opportunities during the forecast period.
The sodium nitrate market analysis is done on the basis of grade, end use, and region. Depending on grade, the market is divided into food and industrial. On the basis of end use, it is fragmented into pharmaceuticals, nutraceuticals, polymer, food & feed additives, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The sodium nitrate market profiles leading players that include BASF SE, UNE Industries Ltd. AG CHEMI Group s.r.o, Pon Pure Chemicals Group, Santa Cruz Biotechnology Inc., American Elements, Hach, Aldebaran Sistemas, Sumitomo Chemical Co., Ltd., and Alfa Aesar.
The global sodium nitrate market report provides in-depth competitive analysis as well as profiles of these major players.
1.1. Key benefits for stakeholders
Porter’s five forces analysis helps analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines current trends and future estimations of the global sodium nitrate market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
Major countries in key region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.
1.2. Key market segments
By Grade
Food Grade
Industrial Grade
By End Use
Food
Pharmaceuticals
Chemicals & Agrochemicals
Explosives
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key players in the global sodium nitrate market are:
1. BASF SE
2. UNE Industries Ltd.
3. AG CHEMI Group s.r.o
4. Pon Pure Chemicals Group
5. Santa Cruz Biotechnology Inc.
6. American Elements
7. Hach
8. Aldebaran Sistemas
9. Sumitomo Chemical Co. Ltd.
10. Alfa Aesar
List of Company Profiles
BASF SE
UBE Industries Ltd.
AG CHEMI GROUP s.r.o
.Pon Pure Chemicals Group
Santa Cruz Biotechnology, Inc.
American Elements
Hach
Aldebaran Sistemas
Sumitomo Chemical Co. Ltd.
Alfa Aesar
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