Press release
Sodium Nitrate Market is estimated to reach USD 140.3 Million by 2030 : Cognitive Market Research
Sodium Nitrate Market is estimated to reach USD 140.3 Million by 2030 : Cognitive Market Research
- Sodium nitrate, also known as chile saltpeter, is a white or colorless crystalline compound with the chemical formula NaNO3. It is an odorless, soluble, and hygroscopic substance that is widely used in a variety of applications including fertilizer, food preservation, pyrotechnics, glass production, metal treatment, and medications.
Summary:
- The Global Sodium Nitrate Market size is expected to grow from USD 92.1 Million in 2022 to USD 140.3 Million by 2030, at a CAGR of 5.4% during the forecast period (2023-2030)
"To know more about The Sodium Nitrate Market statistics click here: https://www.cognitivemarketresearch.com/sodium-nitrate-market-report
Market Dynamics:
- The increasing usage of sodium nitrate in fertilizers, explosives, chemicals, and glass production is driving the growth of the Sodium Nitrate Market. Sodium nitrate is a widely used fertilizer due to its high nitrogen content, which helps to increase crop yields. The demand for food is increasing with a growing global population, which is driving the demand for fertilizers like sodium nitrate.
However, sodium nitrate is used as a food preservative, but its consumption in large quantities can have adverse health effects, such as an increased risk of certain types of cancer. This has led to growing consumer awareness and demand for healthier and natural food products, which can limit the growth of the sodium nitrate market.
Market Segmentation:
Grade
• Industrial Grade
• Pharmaceutical Grade
• Food Grade
Based on Grade, the Industrial Grade segment held the largest share of the market in the year 2022 owing to the increasing demand for the product in chemicals, glass, explosives, and fertilizers.
Application
• Food & Beverages
• Pharmaceuticals
• Explosives
• Chemicals
• Fertilizers
• Glass
• Others
Based on Application, the Fertilizers segment held a significant share in the year 2022, owing to the growing demand for fertilizers as it is essential for the plant's and crop's health.
The Major Players in 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
Get free sample pages of the latest published Sodium Nitrate market Report:
https://www.cognitivemarketresearch.com/sodium-nitrate-market-report/report_enquiry?id=4
Regional Analysis:
- Asia Pacific is a leading region of the Sodium Nitrate Market
Asia Pacific is projected to lead the Global Sodium Nitrate Market during the forecast period. APAC is a large and diverse region with a significant agricultural sector due to the presence of major agricultural nations like China, India, and other agriculture-based countries. Sodium nitrate is commonly used as a fertilizer in agriculture, and the increasing demand for food products and the need to improve crop yields are driving the demand for sodium nitrate in the region. Moreover, the growing population is leading to an increase in demand for food and consumer goods. The use of sodium nitrate as a food preservative is also driving demand in the region.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Sodium Nitrate Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Sodium Nitrate Market Segmentation
1.5.1 Sodium Nitrate Market Regional Fragmentation
1.5.1 Sodium Nitrate Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Sodium Nitrate Market
Chapter 4 Global Sodium Nitrate Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Sodium Nitrate Market by Grade Segmentation Analysis (2018-2030)
Chapter 10 Global Sodium Nitrate Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Sodium Nitrate Market Regional Analysis
Chapter 12 North America Sodium Nitrate Market Outlook (2018 - 2030)
Chapter 13 Europe Sodium Nitrate Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Sodium Nitrate Market Outlook (2018 - 2030)
Chapter 15 Latin America Sodium Nitrate Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Sodium Nitrate Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Sodium Nitrate Market TOC click here: https://www.cognitivemarketresearch.com/sodium-nitrate-market-report#table_of_contents
Related Reports:
• Ammonium Sulfate Market - https://www.cognitivemarketresearch.com/ammonium-sulfate-market-report
• Water Soluble Fertilizer Market - https://www.cognitivemarketresearch.com/water-soluble-fertilizer-market-report
• Nitrogenous Fertilizer Market - https://www.cognitivemarketresearch.com/nitrogenous-fertilizer-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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