Global Sodium Nitrate Market Size & Outlook
The sodium nitrate industry worldwide is expected to reach a projected revenue of US$ 167.7 million by 2030. A compound annual growth rate of 5.9% is expected of the worldwide sodium nitrate industry from 2023 to 2030.
Revenue, 2022 (US$M)
$106.0
Forecast, 2030 (US$M)
$167.7
CAGR, 2023 - 2030
5.9%
Report Coverage
Worldwide
Global sodium nitrate market, 2018-2030 (US$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 segmentation & 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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Target buyers of Global sodium nitrate market databook
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Our clientele includes a mix of sodium nitrate market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 statistics, by region, 2018-2030 (US$M)
Top 10 countries: Sodium nitrate market size, 2022 (USD Million)
Top 10 countries: Sodium nitrate market size, 2022 (USD Million)
Global sodium nitrate market, by region, 2022 (US$M)
Related regional statistics
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