Mexico Sodium Nitrite Market Size & Outlook, 2023-2030
Mexico sodium nitrite market, 2018-2030 (US$M)
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Mexico sodium nitrite market highlights
- The Mexico sodium nitrite market generated a revenue of USD 1.5 million in 2023 and is expected to reach USD 2.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
- In terms of segment, other applications was the largest revenue generating grade in 2023.
- Other Applications is the most lucrative grade segment registering the fastest growth during the forecast period.
Sodium nitrite market data book summary
| Market revenue in 2023 | USD 1.5 million |
| Market revenue in 2030 | USD 2.0 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Other applications |
| Fastest growing segment | Other Applications |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverages, Corrosion Inhibitors, Dyes & pigments, Pharmaceuticals, Other Applications |
| Key market players worldwide | ICL Group Ltd, Basf SE, SABIC, Deepak Fertilisers, Jiangsu Fengshan Group, UralChem, Radiant Indus Chem |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.4% of the global sodium nitrite market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. sodium nitrite market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2.0 million by 2030.
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Sodium Nitrite Market Scope
Sodium Nitrite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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.
Other applications was the largest segment with a revenue share of 33.33% in 2023. Horizon Databook has segmented the Mexico 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.
Most traditional Mexican dishes include meat as the main ingredient. The country's fast expansion of slaughterhouses and processing facilities has increased product accessibility in Mexico. The industry's distribution network has been strengthened, and the country's food and beverage segment have grown as a result of improved supply chain and transportation infrastructure. This is driving the demand sodium nitrite market in the country.
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Our clientele includes a mix of sodium nitrite market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico sodium nitrite market , including forecasts for subscribers. This country databook contains high-level insights into Mexico sodium nitrite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico sodium nitrite market size, by grade, 2018-2030 (US$M)
Mexico Sodium Nitrite Market Outlook Share, 2023 & 2030 (US$M)
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