Sodium Nitrite Market Size & Growth Report, 2022-2030

The global Sodium Nitrite market size is expected to be worth around US$ 629.9 million by 2030, according to a new report by Vision Research Reports.

The global Sodium Nitrite market size was valued at US$ 466.2 million in 2020 and is anticipated to grow at a CAGR of 5.7% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 629.9 million by 2030
Growth Rate CAGR of 5.7% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned BASF SE; OSTCHEM; Weifang Haiye Chemistry And Industry Co., Ltd; Deepak; URALCHEM JSC; Hualong Nitrite Limited; Linyi Luguang Chemical Co., Ltd; Radiant Indus Chem Pvt Ltd; Planet Chemicals Pte Ltd.

Growth Factors

The growth can be attributed to the rising demand for preservatives in the food and beverages industry. The preservatives retard the growth of foodborne pathogens and microorganisms increasing the shelf life of the food product.

The Asia Pacific region is a substantially large market due to high demand for the product from end-use industries such as pharmaceuticals, food, and others as well as the presence of large manufacturers in developing countries such as China, India, and others. The demand for sodium nitrite is anticipated to be driven by its utilization in meat curing application. The product is obtained from mines as well as chemical synthesis in laboratories. The demand for sodium nitrite is also majorly fueled by the rising demand for processed meat products such as seafood, sausages, ham, and bacon.

By Application Analysis

The food and beverages segment dominated the sodium nitrite market with a share of 66.8% in 2020. This high share is attributable to the rising demand for food preservatives in the food processing industry.

The product is used with sodium thiosulfate for the treatment of cyanide poisoning. It is also majorly used as a pharmaceutical preservative and raw material in medicinal formulations such as eye drops. Since the product contains nitrogen, it may be used as a control compound in several medicines.

By Regional Analysis

Asia Pacific dominated the market with a share of 70.41% in 2020 and is anticipated to expand at a CAGR of over 5.0% over the forecast period.

Asia Pacific is the largest region accounting for more than 45% of the total meat production followed by North America and Europe. China holds the lion’s share in the meat production industry accounting for more than 80% in the Asia Pacific region.

Countries including China, India, Japan, Thailand, Vietnam, Malaysia, the Philippines, and Indonesia are expected to be the major consumers of the product and responsible for the growth of the market in the Asia Pacific region.

Multiple regulations are restricting the use of chemically derived products in food and beverages specifically in the Europe and North America regions. Regulations have been established by the government bodies owing to associated health concerns.

Key Players

  • BASF SE
  • OSTCHEM
  • Weifang Haiye Chemistry And Industry Co. Ltd.
  • Deepak
  • URALCHEM JSC
  • Hualong Nitrite Limited
  • Linyi Luguang Chemical Co., Ltd
  • Radiant Indus Chem Pvt Ltd
  • Planet Chemicals Pte Ltd

Market Segmentation

  • By Application
    • Food & Beverages
    • Pharmaceuticals
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Sodium Nitrite Market, By Application

7.1.  Sodium Nitrite Market, by Application, 2021-2030

7.1.1.    Food & Beverages

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Pharmaceuticals

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Others

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Sodium Nitrite Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Application (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Application (2017-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Application (2017-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Application (2017-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Application (2017-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 9.    Company Profiles

9.1.  BASF SE

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  OSTCHEM

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Weifang Haiye Chemistry And Industry Co. Ltd.

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Deepak

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  URALCHEM JSC

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  Hualong Nitrite Limited

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  Linyi Luguang Chemical Co., Ltd

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  Radiant Indus Chem Pvt Ltd

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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