Saudi Arabia Sodium Nitrate Market Size & Outlook
Saudi Arabia sodium nitrate market, 2018-2030 (US$M)
Related Markets
Saudi Arabia sodium nitrate market highlights
- The Saudi Arabia sodium nitrate market generated a revenue of USD 3.1 million in 2022 and is expected to reach USD 4.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, industrial was the largest revenue generating grade in 2022.
- Pharmaceutical is the most lucrative grade segment registering the fastest growth during the forecast period.
Sodium nitrate market data book summary
| Market revenue in 2022 | USD 3.1 million |
| Market revenue in 2030 | USD 4.8 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Pharmaceutical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial, Pharmaceutical, Food |
| Key market players worldwide | Sociedad 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, Saudi Arabia accounted for 3.0% of the global sodium nitrate market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia sodium nitrate market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3.2 million by 2030.
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Sodium Nitrate Market Scope
Sodium Nitrate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 80.65% in 2022. Horizon Databook has segmented the Saudi Arabia sodium nitrate market based on industrial, pharmaceutical, food covering the revenue growth of each sub-segment from 2018 to 2030.
- Saudi Arabia Sodium Nitrate Grade Outlook (Revenue, USD Million, 2018-2030)
- Industrial
- Pharmaceutical
- Food
- Saudi Arabia Sodium Nitrate Application Outlook (Revenue, USD Million, 2018-2030)
- Chemicals
- Fertilizers
- Explosives
- Glass
- Pharmaceuticals
- Food & Beverages
- Others
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Target buyers of Saudi Arabia 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia sodium nitrate market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia sodium nitrate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia sodium nitrate market size, by grade, 2018-2030 (US$M)
Saudi Arabia Sodium Nitrate Market Outlook Share, 2022 & 2030 (US$M)
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