Market Research Logo

Global Sodium Nitrate Market 2017-2021

Global Sodium Nitrate Market 2017-2021

About Sodium Nitrate

Sodium nitrate is one of the widely used inorganic salts. It is used in fertilizers, pharmaceutical products, food, and gunpowder. It is a white crystalline salt that is found as mineral deposit called caliche ore in the Earth’s crust. This odorless compound is also known as Chile saltpeter. Chile and Peru are the largest producers of sodium nitrate. Sodium nitrate is a strong oxidizing agent. It is used as fertilizers to help in the crop yield by improving the nutrient content of the soil.

Technavio’s analysts forecast the global sodium nitrate market to grow at a CAGR of 3.91% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global sodium nitrate market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • ROW
Technavio's report, Global Sodium Nitrate Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • Dahua Group Dalian Guanlin International Trade
  • Hangzhou Xinlong Chemical
  • Liuzhou Chemical Industry
  • Rashtriya Chemicals and Fertilizers
  • Shandong Haihua Group
  • Sumitoma Chemical
  • SQM
Other prominent vendors
  • Akshay Group
  • Alfa Aesar
  • American Elements
  • Anhui Huaertai Chemicals
  • Chongqing Fuyuan Chemical
  • COFERMIN
  • HuaQiang Chemical Group
  • Jiangsu Huaihe Chemicals
  • Shanxi Jiaocheng Hongxing Chemicals
  • Sinkiang Nitrate Minerals
  • SNDB
  • Yingfengyuan Industrial Group
  • Zibo Xuhang Chemical
Market driver
  • Growing demand for fertilizers
  • For a full, detailed list, view our report
Market challenge
  • Soil deterioration caused by chemical fertilizers
  • For a full, detailed list, view our report
Market trend
  • Use of sodium nitrate in renewable energy segment
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Sodium Nitrate Market 2017-2021

Technavio recognizes the following companies as the key players in the global sodium nitrate market: BASF, Dahua Group Dalian Guanlin International Trade, Hangzhou Xinlong Chemical, Liuzhou Chemical Industry, Rashtriya Chemicals and Fertilizers, Shandong Haihua Group, Sumitoma Chemical, and SQM.

Other Prominent Vendors in the market are: Akshay Group, Alfa Aesar, American Elements, Anhui Huaertai Chemicals, Chongqing Fuyuan Chemical, COFERMIN, HuaQiang Chemical Group, Jiangsu Huaihe Chemicals, Shanxi Jiaocheng Hongxing Chemicals, Sinkiang Nitrate Minerals, SNDB, Yingfengyuan Industrial Group, and Zibo Xuhang Chemical.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of sodium nitrate in renewable energy segment. With the rise in energy consumption by the growing population, the non-renewable energy resources are getting depleted day-by-day. Thus, adopting renewable energy is the only solution to meet future energy requirements. In terms of revenue, the solar energy market is expected to grow $115.59 billion by 2021. It is going to play an important role in reducing carbon emission, as well as, help in the reduced depletion of natural resources.”

According to the report, one driver in the market is growing demand for fertilizers. Fertilizers provide essential nutrients for the healthy growth of plants and crops. Sodium nitrate is the oldest known nitrogen-rich fertilizer. This water-soluble fertilizer acts as an oxidizer and increases the nitrogen content of the soil by providing essential nutrients required for the growth of plants. Sodium nitrate is classified under nitrogen-containing fertilizers. The demand for food is growing at faster pace owing to the rise in the population worldwide. Therefore, research and development (R&D) is focusing on the advanced methods and techniques to grow crops with high yield within a shorter duration.

Further, the report states that one challenge in the market is soil deterioration caused by chemical fertilizers. Sodium nitrate immediately replenishes the soil by providing nitrogen as it is easily soluble in water and other solvents. It is one of the highly used chemical fertilizers as it is not prone to volatile losses. However, it should be used in a scientific manner. Excessive use of the compound for agricultural purposes can result in the deterioration of the soil over a period time. Several developing countries are dealing with the harsh realities of soil degradation owing to the use of the chemical fertilizer beyond the scientific limit for many years to produce crops.

Companies Mentioned

BASF, Dahua Group Dalian Guanlin International Trade, Hangzhou Xinlong Chemical, Liuzhou Chemical Industry, Rashtriya Chemicals and Fertilizers, Shandong Haihua Group, Sumitoma Chemical, SQM, Akshay Group, Alfa Aesar, American Elements, Anhui Huaertai Chemicals, Chongqing Fuyuan Chemical, COFERMIN, HuaQiang Chemical Group, Jiangsu Huaihe Chemicals, Shanxi Jiaocheng Hongxing Chemicals, Sinkiang Nitrate Minerals, SNDB, Yingfengyuan Industrial Group, and Zibo Xuhang Chemical.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Segmentation of inorganic salts on the basis of product type
      • Table Segmentation of sodium nitrate according to form
  • Market landscape
    • Market overview
      • Table Global sodium nitrate market 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global sodium nitrate market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global sodium nitrate market by application
      • Table Global sodium nitrate market by application 2016 (% share)
      • Table Global sodium nitrate market by application 2021 (% share)
      • Table Global sodium nitrate market by application 2016-2021 (thousand metric tons)
    • Global sodium nitrate market in the agriculture segment
      • Table Global sodium nitrate market in the agriculture segment 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global sodium nitrate market in the agriculture segment 2016-2021
    • Global sodium nitrate market in the pharmaceutical segment
      • Table Global sodium nitrate market in the pharmaceutical segment 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global sodium nitrate market in the pharmaceutical segment 2016-2021
    • Global sodium nitrate market in the food segment
      • Table Global sodium nitrate market in the food segment 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global sodium nitrate market in the food segment 2016-2021
    • Global sodium nitrate market in other segments
      • Table Global sodium nitrate market in other segments 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global sodium nitrate market in other segments 2016-2021
  • Geographical segmentation
    • Global sodium nitrate market by geography
      • Table Global sodium nitrate market by geography 2016 (% share)
      • Table Global sodium nitrate market by geography 2021 (% share)
      • Table Global sodium nitrate market by geography 2016 and 2021 (thousand metric tons)
    • Sodium nitrate market in APAC
      • Table Sodium nitrate market in APAC 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Sodium nitrate market in APAC 2016-2021
    • Sodium nitrate market in Europe
      • Table Sodium nitrate market in Europe 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Sodium nitrate market in Europe 2016-2021
    • Sodium nitrate market in the Americas
      • Table Sodium nitrate market in the Americas 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Sodium nitrate market in the Americas 2016-2021
    • Sodium nitrate market in ROW
      • Table Sodium nitrate market in ROW 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Sodium nitrate market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Sodium nitrate price per metric ton
    • Market challenges
      • Table Segmentation of soil degradation by different activities
  • Market trends
    • Use of sodium nitrate in renewable energy segment
      • Table Global installed solar power energy capacity in gigawatt in 2016
    • Shift toward organic farming
    • Use of sodium nitrate for explosives, gunpowder, and rocket propellants
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table List of other prominent vendors in the global sodium nitrate market
  • Key vendor analysis
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
      • Table BASF: Product type in sodium nitrate
    • Dahua Group Dalian Guanlin International Trade
      • Table Dahua Group Dalian Guanline International Trade: Business segmentation by revenue 2016
      • Table Dahua Group Dalian Guanlin International Trade: Geographical segmentation by revenue 2016
    • Hangzhou Xinlong Chemical
      • Table Hangzhou Xinlong Chemical: Business segmentation by product type
      • Table Hangzhou Xinlong Chemical: Geographical segmentation by revenue 2016
    • Liuzhou Chemical Industry
      • Table Liuzhou Chemical Industry: Business segmentation by revenue 2016
    • Rashtriya Chemicals and Fertilizers
      • Table RCF: Business segmentation by revenue 2016
      • Table Segmentation by contribution from each business unit by revenue 2016
    • Shandong Haihua Group
      • Table Shandong Haihua Group: Segmentation as per key products
      • Table Shandong Haihua Group: Business segmentation by revenue 2016
    • Sumitoma Chemical
      • Table Sumitoma Chemical: Business segmentation by revenue 2016
      • Table Sumitoma Chemical: Geographic segmentation by revenue 2016
    • SQM
      • Table SQM: Segmentation by product type
      • Table SQM: Business segmentation by revenue 2016
      • Table SQM: Geographical Segmentation according to revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report