Global Sodium Nitrate Market

1. Global Sodium Nitrate Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 1.8 % through 2020 to 2026, reaching nearly US$ XX Bn. Global Sodium Nitrate Market Overview: Sodium Nitrate or Chile Saltpeter is a chemical compound that holds a wide-scale application in the industrial and commercial sectors. Sodium Nitrate is an alkali metal nitrate salt that is white in color and has high water solubility rate. Sodium Nitrate holds properties that increase the burning rate of combustible materials. Naturally, occurring Sodium Nitrate is obtained by mining and is found predominantly in South American countries. With the development in science and technology, Sodium Nitrate is now manufactured in laboratories. Sodium Nitrate is used on a large scale as a food additive by the food and beverages industry. The combustible properties of Sodium Nitrate have increased its consumption by the Chemical and Explosives manufacturing industries. The presence of medicinal properties has resulted in increased use by the pharmaceutical industry for manufacturing medicine on heart, digestion, and mental health-related issues. Increased preference for multipurpose additives by different industries has resulted in increased demand for Sodium Nitrate. The rise in health concerns, the presence of medicinal and preservative properties, and a wide-scale application in the industrial sector have resulted in a growth in the Global Sodium Nitrate Market. Global Sodium Nitrate Market Dynamics: A report by Ajay Machha and Alan Schechter published in the European Journal of Nutrition states that consumption of Dietary Sodium Nitrate on regular basis provides positive results to prevent and fight cardiovascular diseases. This report has increased the use of Sodium Nitrate in diets on regular basis and by the Pharmaceutical industries for manufacturing medicines for cardiovascular diseases. A report by WHO published in 2018 states that Cancer was responsible for more than 9.6 million worldwide deaths. This report also states that 1 out of every 100 people living in this world is at risk of getting one or multiple types of Cancer. Sodium Nitrate is one such product that holds medicinal properties to reduce cellular growth which results in Cancer. A report by Peng Song and others published by Nutrients Magazine state that Dietary Sodium Nitrate intake reduces the risk of Gastric Cancer. This has resulted in increased expenditure by the healthcare sector for studying the use of Sodium Nitrate as a medicine to treat different types of cancers. This research has also accelerated the use of Sodium Nitrate by the Pharmaceutical Industry to manufacture medicines for tumors, cancer, and Alzheimer’s disease. Sodium Nitrate is marked as safe to consume additive by the US Food and Drug Administration and European Food and Safety Association. Validation for the use of Sodium Nitrate by world-renowned agencies has increased its use by the global population.

2. In August 2017, Indian chemical manufacturing firm Deepak Nitrite Ltd. filed a case against the increased import of Sodium Nitrate from China to India. This petition draws attention to losses suffered by domestic producers in India due to the dumping policies of China. This case shows the presence of a big market and the fight between manufacturing giants to acquire it. Increasing demand for Sodium Nitrate by domestic, industrial, and commercial sectors acts as the major driving factor for the growth of the Global Sodium Nitrate Market. Restraints: The rising preference for low-cost alternatives by the food and beverages industry acts as the major restraining factor here. Global Sodium Nitrate Market Segment Analysis: The Global Sodium Nitrate Market is segmented on the basis of By Type, It is observed that more than 20% of Sodium Nitrate Produced is of Industrial Grade. Increased demand for medicinal properties present in Sodium Nitrate has resulted in a 2.3% increase in demand for Medicinal Grade Sodium Nitrate. The rising preference for Sodium Nitrate as a food additive has resulted in a 1.8% increase in demand for Food Grade Sodium Nitrate. By Application, It is observed that more than 60% of the Food Grade Sodium Nitrate manufactured is used in making Meat food products. Increased demand for Fertilizers and chemicals has resulted in a 3.3% increase in consumption of Industrial Grade Sodium Nitrate by manufacturing industries. The use of Sodium Nitrate by Construction has increased by 2.5%. The presence of medicinal properties has resulted in a 3.5% increase in the consumption of Sodium Nitrate by the Pharmaceutical Industry.

3. To know about the Research Methodology :- Request Free Sample Report It is observed that the rising consumption of processed meat food products has resulted in a 2.1% increase in the consumption of Sodium Nitrate by the Processed Food Products manufacturing industry. The rise in the number of people suffering from cardiovascular diseases has resulted in a 2.6% increase in the consumption of Sodium Nitrate by the Healthcare sector. Increased dependence of the Agriculture sector on fertilizers has resulted in a 1.8% increase in the consumption of Sodium Nitrate by the Agro-Products manufacturing industry. The wide-scale use of Sodium Nitrate in manufacturing different chemicals has resulted in a 1.6% increase in the consumption of it by the Chemical Industry. The presence of properties that increases combustion rate has resulted in a 1.3% increase in consumption of Sodium Nitrate by the Weapons and Armaments manufacturing industries. The rise in urbanization has resulted in a 2.4% increase in the consumption of Sodium Nitrate by government bodies in the US and Europe for Wastewater Treatment. Different sectors and industries use Sodium Nitrate as per need. Global Sodium Nitrate Market Regional Insights

4. Increased demand for Sodium Nitrate in the manufacturing sector has resulted in a 1.7% increase in demand for it in the Asia-Pacific. The presence of the big food and beverages manufacturing industry has resulted in a 1.3% increase in demand for Sodium Nitrate. The presence of a big economy that is dependent on agriculture has resulted in a 1.5% increase in demand for industrial-grade Sodium Nitrate by Fertilizers Manufacturing Industry present in this region. An increase in the number of people getting affected by cardiovascular diseases has resulted in a 2.3% increase in demand for Sodium Nitrate by the Pharmaceutical industry present in North America. Increased demand for fertilizers has resulted in a 2.1% increase in consumption of Sodium Nitrate by the Agriculture sector present in this region. An increase in the urban construction projects has resulted in a 1.6% increase in demand for Sodium Nitrate by the Construction Sector present in Europe. Increased preference for explosives in mining has resulted in a 1.2% increase in demand for Sodium Nitrate by the Explosives manufacturing industry present in this region. South America holds the biggest deposits of naturally occurring Sodium Nitrate. Increased demand for food additives and pharmaceuticals has resulted in a 2.1% increase in the consumption of Sodium Nitrate in this region. The Middle East and Africa’s Market is showing a growth rate of 1.8%, the reason for which is the rising consumption of food products and pharmaceuticals by people living in this region. The objective of the report is to present a comprehensive analysis of the global Sodium Nitrate market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data

5. in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Sodium Nitrate market dynamics, structure by analyzing the market segments and Project the global Sodium Nitrate market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Sodium Nitrate market make the report investor’s guide. For more information of visit: https://www.maximizemarketresearch.com/market-report/global- sodium-nitrate-market/110786/ Global Sodium Nitrate Market Scope: Inquire before buying Global Sodium Nitrate Market, by Region • North America

6. • Europe • Asia Pacific • Middle East and Africa • South America Global Sodium Nitrate Market Key Players • BASF SE • Sumitomo Corporation • Cosayach • SQM • Schussler Novachem GmbH • ACU Pharma Und Chemie GmbH • Biolla-Innovox GmbH • Cofermin Chemicals GmbH & Co. KG • DEQUACHIM • ACF Nitrates • Changsha May Shine Chemical Co., Ltd. • Tianjin Xibeier International Co., Ltd. • Zegen Metals & Chemicals Ltd. • Xuzhou Tianchang Chemical Co., Ltd. • Shanxi Xihui Technology Co., Ltd. • Deepak Nitrite Ltd. Maximize Market Research offers customization of reports according to the specific requirement of our clients. This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.