Sodium nitrate (also known as Chile saltpetre) is the nitrate salt of an alkali metal with the chemical formula NaNO3. Sodium nitrate is commonly used to produce fertilizers, glass, food preservatives, explosives, etc.
The global Sodium Nitrate market is segmented by grade type (food grade, industrial grade), by application type (fertilizer, glass industry, food industry, pharmaceutical, and others), and by region (China, the USA, Germany, and others). The growth of the Sodium Nitrate market depends on several factors such as growing demand for fertilizers, demand for food preservatives, and easy manufacturing process.
China is the main market for sodium nitrate (accounting for about 40%), followed by North America, accounting for about 20%.
Sodium nitrate specifications
Sodium nitrate is noncombustible but accelerates the burning of combustible materials. It is a common nitrate salt used in many applications including in fertilizers and as a food preservative in meats. It is used to preserve and keep the colour of meat. Plus, it has other applications in different industries like food, polymers, coatings and water treatment.
| Sodium nitrate specifications | |
| CAS No. | 7631-99-4 |
| HS Code | 31025000 |
| Packaging | Bag |
Our experts in ArChem monitor and analyze various aspects of the global Sodium Nitrate market. They analyze various segments and provide an analysis of the market performance in the long term. This would be useful for our customers to plan their future investments, understand the cost dynamics, and gain awareness about the behaviour of competitors across the globe.
Sodium Nitrate Market
Sodium nitrate is a clear, colourless, and odourless substance which exists in the form of transparent crystals, white granules, or powder. It is soluble in water and slightly soluble in ethanol. Applications for Sodium nitrate of industrial quality include:
- Glass (antifoaming agent)
- Fertilizer
- Manufacture of salts such as potassium nitrate
- Oxidizing agent
- For heat mediums
The global Sodium nitrate market size was US$ 99 million in 2021 and is expected to reach US$ 167 million by 2030, growing at a CAGR of 5.8% over the period 2021-2030. This is attributed to the increased usage of the product in fertilizers, chemicals, and the food & beverage industry.
The sodium nitrate market is segmented on the basis of grade, end-use, and region.
Sodium Nitrate Market, By Grade
By grade, the market is classified into various grades, including industrial grade and food grade. Demand for industrial grade of Sodium nitrate is increasing due to its rising consumption in fertilizers and photochemical products. However, demand for food grade sodium nitrate is declining due to rising health concerns among people.
Sodium Nitrate Market, By End Use
On the basis of end-use, the sodium nitrate market can be divided into fertilizers, food additives, construction chemicals, explosives, pharmaceuticals, and others. Due to the high soluble and biodegradable properties, The fertilizers segment accounts for the main share of the global sodium nitrate market.
Sodium Nitrate Market, By Region
On the basis of region, Asia-Pacific followed by Europe and North America contributed to the major market share of the global sodium nitrate market. Demand for sodium nitrate has increased owing to rapid industrialization in countries such as China, India, and Japan. North America and Europe also constitute a prominent share of the global sodium nitrate market owing to the increase in demand for sodium nitrate in the food and agriculture industry.
Sodium Nitrate Market Drivers
The global sodium nitrate market is driven by the increase in demand for sodium nitrate fertilizers. Sodium nitrate fertilizers are favorable for corn, wheat, sugarcane, canola, and soybean crops. These crops are used in the production of biofuels. Rise in demand for biofuels is projected to boost the consumption of sodium nitrate fertilizers. Plus, it is used in the production of glass, explosives, etc.
Global Sodium Nitrate Market Trends
The use of sodium nitrate in the renewable energy segment is a new trend in the market. With the rise in energy consumption, renewable energy is the only solution to meet future energy requirements.
the solar energy market is going to play an important role in reducing carbon emissions. Solar power plants generate electricity by converting heat energy into electric current. To use the heat generated by a solar power plant, a combination of potassium nitrate and sodium nitrate is used as thermal energy storage material. Thus, sodium nitrate is a major component of the thermal energy storage material.
Plus, other factors will boost the growth of the global market during the forecast period:
- 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.
- The most common market usage of sodium nitrate would be in the food processing industry, as an additive to meat products instead of salt.
FAQ
What is the sodium nitrate market size?
Sodium Nitrate market growth will increase by $30 million during 2022-2027.
What are the key markets for sodium nitrate in the world?
- US
- China
- Japan
- India
- Germany
What are the key factors driving the growth of the sodium nitrate market?
The key factors driving the sodium nitrate market growth are:
- Growing demand for fertilizers
- Use of sodium nitrate in the renewable energy segment
Which region is likely to lead the sodium nitrate market in the world?
Asia Pacific is likely to lead the sodium nitrate market.
What is sodium nitrate used for?
Applications for industrial-quality sodium nitrate include the manufacture of fertilizers, use as a heat transfer component, and as an intermediate chemical compound.
What are the main manufacturers of sodium nitrate in the world?
ArChem provides customers with the best quality of sodium nitrate and competitive prices in the market.