H1 2023: In H1 2023, the Asia Pacific region was found as the largest consumer of Sodium Nitrite. The market prices of Sodium Nitrite reflected a blend of sentiments in the Chinese market in H1 2023. In January, prices experienced a decline due to a subdued demand outlook from the downstream food and beverages industry, influenced by the Lunar New Year festivities. By February, prices rebounded following the conclusion of the Lunar New Year holidays, driven by market participants replenishing materials in the Chinese market, coupled with an improved demand outlook during this period. However, in March, prices saw a decline as demand weakened from the downstream food and beverages industry. This was attributed to sufficient inventories in the region, adequate to meet the consumer demand in the end-use market. In April, within the Chinese market, prices exhibited stability. The region sustained a positive demand outlook, notably marked by enhancements in the consumer industries, particularly within the downstream food and beverages sector. Chinese manufacturers increased production rates. However, from the end of April to June, a bearish trend was followed in China. Elevated inventory levels, heightened production in preceding months, and reduced overseas demands as primary factors contributing to the decline.
The global Sodium Nitrite market stood at approximately 600 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 3.9% during the forecast period until 2032. Sodium Nitrite, denoted by the chemical formula NaNO2, is an inorganic sodium salt existing in the form of a white crystalline powder. It exhibits full miscibility in water and various chemicals, including ethanol. This compound finds application as a food preservative and antioxidant, and it serves as an antidote for cyanide poisoning. Various methods are employed in its production, with the absorption of Nitrogen Oxide into aqueous solutions of Sodium Carbonate or Sodium Hydroxide being the predominant industrial production method.
Sodium Nitrite is a highly versatile chemical and is utilized in diverse sectors such as pharmaceuticals, textiles, and food & beverages. Its primary role is as a preservative, particularly in meat processing, where it functions as a color fixative and offers antioxidant and antimicrobial properties, preventing the proliferation of harmful bacteria that can spoil food. Its application extends beyond meat to various perishable foods, safeguarding against decay and preserving taste and freshness. In Industrial sector, it serves as a corrosion inhibitor in industrial processes, a critical element in conversations addressing the protection of materials and equipment. The pharmaceutical sector integrates sodium nitrite into the synthesis of specific drugs, becoming a pertinent aspect of discussions related to raw materials and chemical processes within pharmaceutical sectors contexts. Moreover, sodium nitrite finds application as an anti-freezing agent in water treatment, particularly in water systems, featuring prominently in discussions within businesses engaged in water treatment or facilities management, emphasizing its role in preventing freezing. In the dye and pigment industry, sodium nitrite serves as a key intermediate in the production of dyes and pigments, contributing to conversations in the chemical or textile sectors regarding colorants and dye synthesis. In the construction industry, sodium nitrite doubles as a concrete setting accelerator, gaining relevance in business discussions concerning construction materials and processes. In the automotive sector, sodium nitrite is utilized as a corrosion inhibitor in engine coolants, warranting consideration in discussions about coolant formulations within the automotive industry. Sodium Nitrite finds extensive application in the rubber and plastics sector as a foaming agent.
The primary driver of the market's expansion is the surging requirement for Sodium Nitrite within the Food & Beverages sector. The rise in demand is linked to the heightened utilization of food additives within the poultry and meat sectors. Within the meat industry, the substance serves not only as a pigment inhibitor but also as an antimicrobial agent, effectively impeding the proliferation of foodborne pathogens. Its application occurs during the meat curing process, where it is added to prevent bacterial growth and maintain the freshness of the meat. Sodium nitrite plays a role in eliminating germs from meat that may develop in the presence of moisture, and it curtails bacterial growth by inducing dehydration. The expansion is credited to the increasing adoption of sodium nitrite as a fundamental ingredient in the creation of pharmaceuticals, coupled with its growing application in the treatment of various medical conditions, including imbalances in neurotransmission, muscular dystrophy, epilepsy, and cognitive and behavioural issues. The extensive utilization of Sodium Nitrite as a blowing agent in the rubber and plastics industry serves as a significant market driver, enhancing product properties and contributing to the growth of the industry. Also, the widespread application of Sodium Nitrite in the fertilizer industry acts as a key market driver, playing a crucial role in enhancing the efficiency and productivity of fertilizer formulations. The global Sodium Nitrite market is anticipated to reach nearly 880 thousand tonnes by 2032.
Based on region, Asia Pacific region is the biggest consumer of Sodium Nitrite. Anticipation of Asia Pacific becoming the primary consumer of Sodium Nitrite is grounded in several factors. The region is undergoing substantial industrial growth, particularly in sectors like food processing, pharmaceuticals, and manufacturing, where Sodium Nitrite plays a pivotal role, fueling the overall demand for the chemical. Additionally, the densely populated and rapidly urbanizing countries in Asia Pacific drive increased consumption of processed foods, pharmaceuticals, and other Sodium Nitrite-utilizing products. This demographic shift contributes significantly to the heightened overall demand for Sodium Nitrite in the region. The interplay of burgeoning industrialization, population density, and urbanization positions Asia Pacific as the forefront consumer of Sodium Nitrite on the global scale.
Based on the end-user industry, the global Sodium Nitrite market is divided into Food and Beverages, Pharmaceutical, Rubber Industry, Fertilizer, and Others. Among these, Food and Beverages industry is the major segment and held approximately 26% of the global Sodium Nitrite market in 2022. Sodium nitrate serves as a readily accessible nitrogen source for plants due to its high solubility, and it has been utilized for nitrogen nutrition in plant growth.
Major players in the Global Sodium Nitrite market are Deepak Nitrite Ltd., SABIC, Airedale Chemical Company Ltd., BASF SE, Shijiazhuang Fengshan Chemical Co. Ltd., Ural Chem JSC, Linyi Luguang Chemical Co. Ltd., Radiant Indus Chem Pvt. Ltd., and Yingfengyuan Industrial Group Limited.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Sodium Nitrite which covers production, demand and supply of Sodium Nitrite market in the globe.
• To analyse and forecast the market size of Sodium Nitrite
• To classify and forecast Global Sodium Nitrite market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sodium Nitrite market in the globe.
To extract data for Global Sodium Nitrite market, primary research surveys were conducted with Sodium Nitrite manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Sodium Nitrite market over the coming years.
ChemAnalyst calculated Sodium Nitrite demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Sodium Nitrite. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Sodium Nitrite manufacturers and other stakeholders
• Organizations, forums and alliances related to Sodium Nitrite distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sodium Nitrite manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Sodium Nitrite market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
600 thousand tonnes
Market size Volume in 2032
880 thousand tonnes
Growth Rate
CAGR of 3.9% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food and Beverages, Pharmaceutical, Rubber Industry, Fertilizer, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
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What was the net market size of Sodium Nitrite in terms of volume in 2022?
Ans:
The global market size of Sodium Nitrite had reached approximately 600 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Sodium Nitrite?
Ans:
Asia Pacific region is the leading consumer of Sodium Nitrite globally.
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