Latin America Sodium Nitrate Market Size & Outlook

The sodium nitrate market in Latin America is expected to reach a projected revenue of US$ 53.1 million by 2030. A compound annual growth rate of 5.7% is expected of Latin America sodium nitrate market from 2023 to 2030.
Revenue, 2022 (US$M)
$34.0
Forecast, 2030 (US$M)
$53.1
CAGR, 2023 - 2030
5.7%
Report Coverage
Latin America

Latin America sodium nitrate market highlights

  • The Latin America sodium nitrate market generated a revenue of USD 34.0 million in 2022.
  • The market is expected to grow at a CAGR of 5.7% from 2023 to 2030.
  • In terms of segment, industrial was the largest revenue generating grade in 2022.
  • Industrial is the most lucrative grade segment registering the fastest growth during the forecast period.
  • Country-wise, Chile is expected to register the highest CAGR from 2023 to 2030.

Latin America data book summary

Market revenue in 2022USD 34.0 million
Market revenue in 2030USD 53.1 million
Growth rate5.7% (CAGR from 2022 to 2030)
Largest segmentIndustrial
Fastest growing segmentIndustrial
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationIndustrial, Pharmaceutical, Food
Key market players worldwideSociedad Quimica Y Minera De Chile SA ADR, Basf SE, Quality Chemicals Ltd, Deepak Fertilisers, Sociedad Quimica Y Minera (SQM), Weifang Yingsheng Chemicals Co., Jiangsu Fengshan Group, UralChem

Other key industry trends

  • In terms of revenue, Latin America region accounted for 32.1% of the global sodium nitrate market in 2022.
  • Globally, Latin America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 45.4 million by 2030.

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Sodium Nitrate Market Companies

Name Profile # Employees HQ Website

Latin America 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 93.24% in 2022. Horizon Databook has segmented the Latin America sodium nitrate market based on industrial, pharmaceutical, food covering the revenue growth of each sub-segment from 2018 to 2030.


  • Latin America Sodium Nitrate Grade Outlook (Revenue, USD Million, 2018-2030)
    • Industrial
    • Pharmaceutical
    • Food
  • Latin America 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.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America sodium nitrate market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America sodium nitrate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America sodium nitrate market size, by country, 2018-2030 (US$M)

Latin America Sodium Nitrate Market Outlook Share, 2022 & 2030 (US$M)

Latin America sodium nitrate market size, by country, 2018-2030 (US$M)

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