Global Sodium Nitrite Market Size & Outlook, 2023-2030
Global sodium nitrite market, 2018-2030 (US$M)
Related Markets
Global sodium nitrite market highlights
- The global sodium nitrite market generated a revenue of USD 413.7 million in 2023 and is expected to reach USD 557.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.4% by 2030.
- In terms of segment, food & beverages accounted for a revenue of USD 103.1 million in 2023.
- Other Applications is the most lucrative grade segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 413.7 million |
| Market revenue in 2030 | USD 557.5 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Food & beverages |
| Fastest growing segment | Other Applications |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverages, Corrosion Inhibitors, Dyes & pigments, Pharmaceuticals, Other Applications |
Other key industry trends
- In terms of revenue, the North America accounted for 5.1% of the global sodium nitrite market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 9.7 million by 2030.
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Sodium Nitrite Market Scope
Sodium Nitrite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global sodium nitrite 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 nitrite market will help companies and investors design strategic landscapes.
Food & beverages was the largest segment with a revenue share of 24.92% in 2023. Horizon Databook has segmented the Global sodium nitrite market based on food & beverages, corrosion inhibitors, dyes & pigments, pharmaceuticals, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Sodium Nitrite Grade Outlook (Revenue, USD Million, 2018-2030)
- Food & Beverages
- Corrosion Inhibitors
- Dyes & pigments
- Pharmaceuticals
- Other Applications
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Horizon Databook provides a detailed overview of global-level data and insights on the Global sodium nitrite market , including forecasts for subscribers. This global databook contains high-level insights into Global sodium nitrite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global sodium nitrite market size, by regions, 2018-2030 (US$M)
Top 10 countries: Sodium nitrite market size, 2023 (US$M)
Global sodium nitrite market share, by grade, 2023 & 2030 (%, US$M)
Sodium nitrite market: Opportunity assessment by country
Global sodium nitrite market, by region, 2023 (US$M)
| Grade | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 18.1 | 18.4 | 17.8 | 19.9 | 20.4 | 21.0 | 21.6 | 22.2 | 22.9 | 23.7 | 24.5 | 25.4 | 26.4 | 3.3% |
| Europe | 71.0 | 67.5 | 64.2 | 68.5 | 69.9 | 71.6 | 73.3 | 75.2 | 77.2 | 79.4 | 81.8 | 84.4 | 87.3 | 2.9% |
| Asia Pacific | 257.1 | 246.2 | 257.9 | 286.4 | 297.7 | 310.0 | 323.2 | 337.5 | 352.9 | 369.5 | 387.7 | 407.6 | 429.4 | 4.8% |
| Latin America | 7.3 | 6.7 | 6.4 | 7.0 | 7.2 | 7.5 | 7.7 | 8.0 | 8.3 | 8.6 | 8.9 | 9.3 | 9.7 | 3.8% |
| MEA | 3.2 | 3.1 | 3.1 | 3.5 | 3.6 | 3.7 | 3.8 | 3.9 | 4.1 | 4.2 | 4.4 | 4.5 | 4.7 | 3.7% |
| Overall | 356.7 | 341.9 | 349.4 | 385.2 | 398.9 | 413.7 | 429.6 | 446.8 | 465.3 | 485.4 | 507.3 | 531.3 | 557.5 | 4.4% |
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