UK Sodium Nitrite Market Size & Outlook, 2023-2030
UK sodium nitrite market, 2018-2030 (US$M)
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UK sodium nitrite market highlights
- The UK sodium nitrite market generated a revenue of USD 9.0 million in 2023 and is expected to reach USD 11.3 million by 2030.
- The UK market is expected to grow at a CAGR of 3.3% from 2024 to 2030.
- In terms of segment, corrosion inhibitors 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 9.0 million |
| Market revenue in 2030 | USD 11.3 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Corrosion inhibitors |
| 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, UK accounted for 2.2% 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 Europe, Germany sodium nitrite market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 11.3 million by 2030.
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Sodium Nitrite Market Scope
Sodium Nitrite Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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.
Corrosion inhibitors was the largest segment with a revenue share of 25.56% in 2023. Horizon Databook has segmented the UK 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.
Increased health consciousness amongst the population post covid-19 has led to an increase in healthcare spending. As the pharmaceutical industry in the country invests heavily in research and development, the use of sodium nitrite has increased over time.
An increase in the young population preferring processed food and the population of the UK has started consuming meat as a part of breakfast, has driven the processed food market, which in turn has led to the increase in demand for sodium nitrite which is used as a preservative. It adds flavor to the meat and keeps it fresh over a long period of time.
Also, the growing textile industry along with increasing demand for synthetic dyes is projected to increase the consumption of sodium nitrite in dye manufacturing in the country. Apart from dyes, the growth of various other industries including chemical processing, water treatment, power generation, and metal processing have propelled the demand for corrosion inhibitors which in turn has positively influenced the sodium nitrite demand in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK sodium nitrite market , including forecasts for subscribers. This country databook contains high-level insights into UK sodium nitrite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK sodium nitrite market size, by grade, 2018-2030 (US$M)
UK Sodium Nitrite Market Outlook Share, 2023 & 2030 (US$M)
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