Report ID: SQMIG15A2283
Sodium Nitrate Market Size, Share, Growth Analysis, By Application(Rubber processing, food processing, pharmaceutical, fertilizer.), By Grade(Industrial grade, food grade), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2283 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
Sodium Nitrate Market Dynamics
Sodium Nitrate Market Driver
- Rise in the number of surgeries, increase in prevalence of cardiovascular diseases and cancer, and growth in geriatric & preterm infant population drive the global sodium nitrate market.
- The growing awareness across the developing economies such as Argentina, India, China, and Brazil are also projected to boost the market growth in the coming years.
- Rapid changes in consumers tastes, preferences and changing lifestyles will likely offer growth of the market
- To improve soil productivity and efficiency, which is a major market driver, farmers can use liquid fertilizers.
Sodium Nitrate Market Restraint
- Uncontrolled intake of sodium nitrate can cause several health issues such as colorectal cancer, pancreatic, stomach, oesophageal, thyroid cancers, and heart disease.
- Fluctuations in raw material prices and implementation of stringent trade regulations around the world are also hampering sodium nitrate market growth. The price of sodium nitrite is affected by fluctuations in crude oil prices. The trade war between global economies such as Japan and South Korea, China and the United States, and others has negatively impacted the global trade of sodium nitrite.
Sodium Nitrate Market Report Snapshots
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