Sodium Nitrite Market
Sodium Nitrite Market Forecast By Grade (Food Grade, Technical Grade), By End-Use Industry (Pharmaceuticals, Dyes & Pigments, Rubber, Others) & By Region (North America, Europe, Latin America) - Global Market Insights 2022-2032
Analysis of Sodium Nitrite Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Sodium Nitrite Market Outlook (2022-2032)
Sodium nitrate is dominantly used in the manufacturing of a variety of organic compounds. This material is used in meat processing as well as pharmaceuticals application. It is also used in the manufacturing of diazo chemical compounds, dyes, and other chemicals. Sodium nitrite in its preservative form is approved by the EU & the USA. Several grades of sodium nitrite are available in the market including technical grade, anti-caking technical grade, food grade, and food grade with the reagent.
Sodium Nitrate is used in making fertilizers where it is applied in the water-soluble condition. The preference for this material in fertilization is due to its ability not to effect on pH of soil. Agricultural usage is likely to trigger demand for this material in the forecast period. In the field of medicine, sodium nitrate is used in treating cyanide poisoning.
The global sodium market is valued at USD 217.55 Million in 2022. The market is further anticipated to grow and reach a valuation of USD 474.92 Million by end of 2032. The sodium nitrate industry is expected to expand with a CAGR of 8.12% in the forecast period. The assessment duration under this research is 2022- 2032.
Market size (2022 A)
USD 217.55 Million
Base Year for Estimation
Forecast duration for this research
Forecasted Market value (2032 F)
USD 474.92 Million
Global Market Growth rate (2022-2032 E)
CAGR of 8.12%
Key Companies Profiled
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What are the drivers of growth in the sodium nitrate industry?
There is an anticipated rise in the food and beverage sector in the forecast period which is likely to bring demand for sodium nitrate. Sodium nitrate is a prerequisite mineral used to preserve food. The dominant use of this material is done in the preservation of meat. It is also used in the manufacturing of dyes and pigments.
It also acts as a polymer inhibitor for synthetic rubber production as a rubber additive. The rising rubber industry seems promising for fostering demand for the sodium nitrate industry. It is also effective as a corrosion inhibitor in paints, pipelines, and tanks.
Sodium nitrite is used in the energy sector too. It acts as heat transfer salt in large air conditioning systems & industrial refrigeration. The demand for sodium nitrite as a coolant is expected to increase with the growing need for efficient cooling in refrigeration systems.
What are the challenges ahead of the industry?
The food sector’s usage of sodium nitrate is likely to diminish or become moderate in the forecast period owing to a possible rise in the usage of alternative preservatives in the food segment.
The demand from this industry is expected to remain low due to the global slowdown of the nitrous dye industry. Sodium nitrite also functions as a corrosion inhibitor in paints, antifreeze, pipelines, and oil tanks. In the metal industry, it is prominently used as an oxidizing agent, including in tin metal ditinning.
Furthermore, the fluctuations in raw material prices and the implementation of stringent trade regulations across the world are the key restraints affecting the growth of the sodium nitrite market. The fluctuations in crude oil prices also affect sodium nitrite pricing. The global trade of sodium nitrite is affected by the trade war between global economies such as Japan & South Korea, China, and the U.S., and others. Manufacturers in China have been reported to operate at reduced capacities.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Segment wise Insights
Based on the end-use industry fertilizers sector holds major revenue with more than 65% share in 2020. The higher share of this segment is due to the rise in fertilizer demand across the agriculture sector. The expansion in population is anticipated to increase demand for food which in turn exceeds the demand for the sodium nitrate market. Farmers rely on the usage of this to enhance per hector yield in the fertilizers market.
The industrial segment is dominating the market with a share of 89% in 20020 as there is increased demand for fertilizers and pharma applications. Construction and industrial manufacturing are other fields that contribute to the demand for sodium nitrate in industrial applications.
The global demand for sodium nitrite is expected to experience low to medium growth with the implementation of stringent trade laws and increased anti-dumping duties. The Asia-Pacific region is expected to remain the highest consumer of sodium nitrite provided by Chinese manufacturers and growing meat processing industries in the region.
The demand in North America & European regions is expected to remain moderate due to the slowdown of the dye & pigment and rubber industries. The Middle East & Africa and Latin America regions are expected to experience slow to medium growth due to uncertainties caused by the political instabilities in the region.
In Brazil, the agriculture segment is likely to be the major driver of the demand for sodium nitrate. The country is a leading producer of wheat and rice which is likely to grow in demand for fertilizers in the forecast period. The rapid cultivation and agricultural industry are playing a crucial role in fostering demand for fertilizers in this region.
In terms of market revenue share, Asia pacific region is expected to gain traction of growth in upcoming years. Countries with high populations like India and China are set to notice a rise in industrial and food demand. The increasing consumer income and changing lifestyles are propellants for the pharmaceutical and other applications of sodium nitrate.
The market is centered around major manufacturers and brands. These companies are focused on the creation of differentiation in order to keep themselves competitive. Brands focusing on the enhancement of production capacities to serve growing demand. The companies are also engaging with third-party firms to manage distribution.
A high cost of capital is required in this industry which can create a hurdle for the start-up ecosystem. The major labour cost and required infrastructure cost are reasons why small and medium enterprises find this industry unfavourable. Companies like BASF and SE are heavily relying on innovation and the quality of products to attract business growth.
Sodium Nitrite Market : Segmentation
By Grade :
- Food Grade
- Technical Grade
By End-user Industry :
- Dyes & Pigments
- Construction Chemicals
- Meat Processing
By Geographical Region :
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
- FAQs -
The growth of the rubber industry is likely to increase the demand for sodium nitrite.
The top 5 Regions are North America, Europe, Latin America, the Middle East, and Asia-Pacific.
The global sodium market is valued at USD 217.55 Million in 2022.
The market is further anticipated to grow and reach a valuation of USD 474.92 Million by end of 2032.
The sodium nitrate industry is expected to expand with a CAGR of 8.12% in the forecast period. The assessment duration under this research is 2022- 2032.