The global sodium nitrite market size was US$ 396.7 million in 2021. The global sodium nitrite market size is forecast to reach US$ 564.6 million by 2030, growing at a compound annual growth rate (CAGR) of 4.0% during the forecast period from 2022 to 2030.
An inorganic substance with the chemical formula NaNO2 is sodium nitrite. It is a crystalline powder that ranges from white to slightly yellowish and is very water soluble and hygroscopic. It is the most crucial nitrite salt from an industrial standpoint. Although it is a precursor to many different organic compounds, including insecticides, medicines, and dyes, it is probably best known for its use as an additive in processed meats and (in some countries) fish products. The industrial manufacture of organonitrogen compounds is the primary application of sodium nitrite. It is a catalyst used to transform amines into diazo compounds, which serve as important precursors to many colors, including diazo colors.
Factors Influencing Market Growth
The rising demand for processed meat products, including sausages, seafood, bacon, and ham drive the global market.
The health risks associated with extended consumption of sodium nitrate, including processed meat may slow down the overall market growth.
The increasing need for high-quality eyewear needs molten glass, and the use of sodium nitrate for tempering eyewear molten glass is forecast to offer lucrative opportunities for the global market.
The rising need for sodium nitrite in the pharmaceutical sector fuel the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a minimal impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading, which restricted logistics and disrupted the raw material supplies. In addition, decreased production capacity limited the availability of products in the market.
However, the rising health concerns and increased demand for natural foods have increased the consumption of sodium nitrate in the food sector, which boosted the market growth.
Regional Analysis
The Asia Pacific region accounted for a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the increased demand witnessed for food-grade sodium nitrite. In addition, the increasing population, the growing per capita disposable income, and the rising consumption of packaged food. Thus, these factors drive the market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global sodium nitrate market are:
Airedale Chemical Company Ltd.
BASF SE
Shijizhuang Fengshan Chemical Co. Ltd.
Ural Chem JSC
Linyi Luguang Chemical Co. Ltd.
Radiant Indus Chem Pvt. Ltd.
YingFeng Yuan Industrial Group Limited
SABIC
Chemtrade Logistics
Other Prominent Players
Scope of the Report
The global sodium nitrate market segmentation focuses on Application, Grade, and Region.
Segmentation based on Application
Food & Beverages
Corrosion Inhibitors
Dyes & pigments
Pharmaceuticals
Others
Segmentation based on Grade
Food
Industrial
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Meta Title: Sodium Nitrate Market Size, Share, Insight and Forecast 2022 to 2030
Meta Description: Global Sodium Nitrate Market is projected to reach US$ 564.6 million by the end of 2030 from US$ 396.7 million in 2021, at a CAGR of 4.0%
Meta Keywords: sodium nitrate market Size, sodium nitrate market share, sodium nitrate market trend, sodium nitrate market Forecast, sodium nitrate market insight
