Global Sodium Nitrate Market Size & Outlook, 2022-2030
Global sodium nitrate market, 2018-2030 (US$M)
Related Markets
Global sodium nitrate market highlights
- The global sodium nitrate market generated a revenue of USD 106.0 million in 2022 and is expected to reach USD 167.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.9% by 2030.
- In terms of segment, industrial accounted for a revenue of USD 95.1 million in 2022.
- Pharmaceutical is the most lucrative grade segment registering the fastest growth during the forecast period.
- In terms of region, Latin America was the largest revenue generating market in 2022.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 106.0 million |
| Market revenue in 2030 | USD 167.7 million |
| Growth rate | 5.9% (CAGR from 2022 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Pharmaceutical |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial, Pharmaceutical, Food |
Other key industry trends
- In terms of revenue, the North America accounted for 15.1% of the global sodium nitrate market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 9.9 million by 2030.
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Sodium Nitrate Market Scope
Sodium Nitrate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global sodium nitrate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sodium nitrate market will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 89.72% in 2022. Horizon Databook has segmented the Global sodium nitrate market based on industrial, pharmaceutical, food covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Sodium Nitrate Grade Outlook (Revenue, USD Million, 2018-2030)
- Industrial
- Pharmaceutical
- Food
- Global Sodium Nitrate Application Outlook (Revenue, USD Million, 2018-2030)
- Chemicals
- Fertilizers
- Explosives
- Glass
- Pharmaceuticals
- Food & Beverages
- Others
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Our clientele includes a mix of sodium nitrate market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global sodium nitrate market , including forecasts for subscribers. This global databook contains high-level insights into Global sodium nitrate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global sodium nitrate market size, by region, 2018-2030 (US$M)
Top 10 countries: Sodium nitrate market size, 2022 (US$M)
Global sodium nitrate market share, by grade, 2022 & 2030 (%, US$M)
Sodium nitrate market: Opportunity assessment by country
Global sodium nitrate market, by region, 2022 (US$M)
| Grade | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 13.4 | 14.1 | 14.3 | 14.9 | 16.0 | 17.0 | 18.0 | 19.1 | 20.4 | 21.6 | 22.9 | 24.3 | 25.8 | 6.2% |
| Europe | 19.4 | 20.2 | 19.9 | 20.7 | 21.7 | 22.8 | 23.9 | 25.0 | 26.3 | 27.7 | 29.1 | 30.6 | 32.1 | 5.0% |
| Asia Pacific | 22.6 | 24.0 | 24.2 | 25.4 | 27.2 | 29.0 | 30.8 | 32.8 | 35.2 | 37.5 | 39.9 | 42.6 | 45.5 | 6.6% |
| Latin America | 29.7 | 31.2 | 31.0 | 32.3 | 34.0 | 35.8 | 37.8 | 39.9 | 42.2 | 44.7 | 47.3 | 50.1 | 53.1 | 5.7% |
| MEA | 6.1 | 6.5 | 6.5 | 6.7 | 7.2 | 7.6 | 8.0 | 8.5 | 9.0 | 9.5 | 10.0 | 10.6 | 11.2 | 5.8% |
| Overall | 91.2 | 96.0 | 95.8 | 100.1 | 106.1 | 112.2 | 118.6 | 125.4 | 133.0 | 140.9 | 149.2 | 158.2 | 167.7 | 5.9% |
Related regional statistics
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