Global Sodium Nitrate Market

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 News

  • Liquid fertilizers sales have been expanding significantly, and long-term projections indicate that this trend will continue. The liquid fertilizers segment is driven by increased demand for high efficiency fertilizers, ease of use, adoption of sustainable agriculture practices and rising environmental safety.
  • By utilizing fertilaquas sizable market presence and distribution capabilities, the company anticipates increasing sales of liquid fertilizers.
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Sodium Nitrate Market size was valued at USD 106.1 million in 2019 and is poised to grow from USD 112.34 million in 2023 to USD 167.7 million by 2031, growing at a CAGR of 5.9% in the forecast period (2024-2031).

Most of the players in the market are focusing on differentiating themselves from other players as the market is highly competitive and concentrated. Manufacturers are focusing on increasing their production capacities to meet the growing demand. Some of the organisation sell their products directly through website to gain more profits. 'SQM (Chile)', 'Nitrochemie (Germany)', 'Rashtriya Chemicals and Fertilizers (India)', 'Shandong Haihua Group Co., Ltd. (China)', 'BASF SE (Germany)', 'Liuzhou Chemical Industry Co., Ltd. (China)', 'Sasol Nitro (South Africa)', 'Sumitomo Chemical Co., Ltd. (Japan)', 'Shandong Xinlong Group Co., Ltd. (China)', 'Ciner Resources Corporation (US)', 'Sichuan Nitrocell Corporation (China)', 'UBE Industries, Ltd. (Japan)', 'Hualong Ammonium Nitrate Co., Ltd. (China)', 'Rashtriya Chemicals & Fertilizers Ltd. (India)', 'Shanxi Jiaocheng Hongxing Chemicals Co., Ltd. (China)', 'Jiangsu Huaihe Chemicals Co., Ltd. (China)', 'Hangzhou Xinlong Chemical Co., Ltd. (China)', 'Hongcheng Chemicals (China)', 'Shandong Hualu-Hengsheng Chemical Co., Ltd. (China)', 'Hebei Dongfang Chemical Co., Ltd. (China)'

Rise in the number of surgeries, increase in prevalence of cardiovascular diseases and cancer, and growth in geriatric & preterm infant population drive the sodium nitrate market. 

Sodium nitrate is an important part of the textile industry. It is used for production of diazo dyes. The textile industry is anticipated to grow at a steady pace over the next few years.

sodium nitrate market is divided into regions included North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

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Global Sodium Nitrate Market

Report ID: SQMIG15A2283

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