U.S. Sodium Nitrite Market Size & Outlook, 2023-2030
U.S. sodium nitrite market, 2018-2030 (US$M)
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U.S. sodium nitrite market highlights
- The U.S. sodium nitrite market generated a revenue of USD 17.3 million in 2023 and is expected to reach USD 21.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.2% 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 17.3 million |
| Market revenue in 2030 | USD 21.5 million |
| Growth rate | 3.2% (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, U.S. accounted for 4.2% 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 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 |
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U.S. 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 28.32% in 2023. Horizon Databook has segmented the U.S. 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.
The U.S. is the largest market of sodium nitrite in North America and is driven by the increase in demand of corrosion inhibitors, dyes and processed meat. Several major food and beverage manufacturing companies are also based in the U.S. The presence of major sodium nitrites manufacturing firms such as SABIC and Chemtrade is projected to enhance the market further.
Meat comprises a large portion of the food processing business in U.S., implying that the product is widely consumed in the country. Due to changing consumer lifestyles and increased urbanization, which affect consumer consumption patterns, the U.S. market is expected to rise steadily over the forecast period.
The demand for corrosion inhibitors in the country is expected to be boosted by the robust growth in oil & gas exploration activities. In particular, shale gas exploration is one of the prominent factors contributing to the ascending demand for corrosion inhibitors from oil & gas industry. This industry has witnessed a continuous growth in drilling and hydro fracturing well stimulation in shale formations.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. sodium nitrite market , including forecasts for subscribers. This country databook contains high-level insights into U.S. sodium nitrite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. sodium nitrite market size, by grade, 2018-2030 (US$M)
U.S. Sodium Nitrite Market Outlook Share, 2023 & 2030 (US$M)
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