Industry Overview
The European sodium nitrate market is predicted to grow at 4.2% CAGR during the forecast period (2025–2030) to reach USD 0.072 billion by 2030, owing to the increasing use of sodium nitrate in agriculture, chemical, and food & beverage industries. The use of sodium nitrate as a heat storage medium in concentrated solar power plants is also anticipated to increase the demand for the chemical compound in the region.
Sodium and potassium salts of nitrate and nitrite are authorized as food additives in the European Union (EU) countries. They are being utilized in cheese, fish, and meat products to hinder microbial growth. Sodium nitrate utilized in fish and meat products enhances the flavor of products and provides protection against botulism.
Among different countries in Europe, the demand for sodium nitrate was largest in Russia, and the country is also anticipated to witness the fastest growth in demand in terms of volume at a CAGR of 2.9% during the forecast period.
Sodium nitrate is an odorless, white powdery chemical compound mainly utilized in the manufacturing of fertilizers. It is highly soluble in ethanol, water, and liquid ammonia, and partially soluble in alcohol, methanol, and solvent ether. It exhibits strong hygroscopic properties and is considered a strong oxidizer but is usually stable under normal conditions of storage and use.
Europe Sodium Nitrate Market Segmentation
Insight by Grade
Based on grade, the sodium nitrate market is categorized into industrial, food grade, and pharmaceutical grade of which industrial grade held the largest share in the European sodium nitrate market. The low cost and easy manufacturing process of sodium nitrate have turned sodium nitrate into the material of choice for most industrial vendors.
Insight by End-Use
On the basis of end-use, the sodium nitrate market is categorized into agriculture, chemical, food and beverages, pharmaceutical, and others. The agriculture industry is estimated to be the largest end-use category in the market in 2017. This is primarily due to the growing demand for fertilizers.
Europe Sodium Nitrate Market Report Coverage
Report Metric
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Details
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Historical Period
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2018 - 2023
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Base Year Considered
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2024
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Forecast Period
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2025 - 2030
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Market Size in 2023
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U.S.D. xx.xx Billion
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Revenue Forecast in 2030
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U.S.D. 0.072 Billion
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Growth Rate
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4.2%
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Segments Covered in the Report
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By Grade, and By End-Use
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Report Scope
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Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
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Regions Covered in the Report
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Germany, U.K. , France, Russia ,Ukraine and Rest of Europe
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Industry Dynamics
Europe Sodium Nitrate Market Growth Drivers
The growing demand for fertilizers, the low cost of sodium nitrate, and the economic growth of certain European countries are the major factors contributing to the growth of the European sodium nitrate market.
In the coming years, more food will be required to feed the growing human population; thus, highlighting the importance of agriculture as it is the only means of mass food production for humans. The world population is calculated to be 7.0 billion as of 2015 and is expected to rise to 8.5 billion by 2030. Land is a limiting factor and the scope for bringing new lands under agriculture is dim, especially in Europe. Rather on the opposite, available land for agriculture is decreasing due to urbanization, soil erosion, and pollution.
The only possible means to produce enough food for the entire population is by increasing the yield per area of land. This can be possible only by the judicious use of fertilizers coupled with other progressive farming techniques as the use of fertilizers improve soil quality and enhance crop yield. Sodium nitrate is being utilized in fertilizers, thus increasing in use of fertilizers will drive the sodium nitrate market growth in the Europe region.
Europe Sodium Nitrate Market Opportunity
The increasing demand for penicillin in European countries acts as an opportunity for the European sodium nitrate market. Sodium nitrate is utilized in penicillin medium preparation along with other salts such as MgSO4, K3PO4, and others. According to the World Health Organization (WHO), many countries such as France and Portugal are facing a shortage of penicillin due to the increasing number of rheumatic heart diseases that develop from a simple untreated throat infection. Thus, an increase in penicillin production is anticipated in the coming years. Thus, the increase in penicillin production assists in sodium nitrate market expansion in Europe.
Europe Sodium Nitrate Market Competitive Insight
BASF SE is an European multinational company and the largest chemical producer in the world. Its headquarters are located in Ludwigshafen, Germany. The company serves a wide range of industries including furniture and wood, agriculture, electronics, construction and electrical, paints and coatings, automotive, home care, nutrition, chemicals and others.
Union Group Chemical Company S.L. is the established manufacturer, supplier and exporter of sodium nitrate. The Sodium Nitrate offered is of high quality in both caking and anti caking agents, depending on the buyer’s requirements. They deliver bulk orders of the chemical within the promised timeframe owing to their excellent logistics network at reasonable rates.
BASF SE, Merck KGaA, Honeywell International Inc., Union Group Chemical Company S.L., Grupa Azoty SA, ABC GmbH, URALCHEM Holding P.L.C., PJSC Concern Stirol, PJSC Severodonetsk “Azot”, Neochim Plc, and JSC «Farg’onaazot» are some of the key players operating in the Europe sodium nitrate market.
Recent Developments by Key Players
ABC Technologies Holdings Inc.(a leading manufacturer and supplier of custom, highly engineered technical plastics and lightweighting innovations to the global automotive industry) has acquired a majority interest in Karl Etzel GmbH (“Etzel”).
The Europe Sodium Nitrate Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- Grade
- Industrial
- Food Grade
- Pharmaceutical Grade
- End-Use
- Agriculture
- Chemical
- Food & Beverages
- Pharmaceutical
- Others
Geographical Segmentation
- Sodium Nitrate Market by Country
- Germany
- U.K.
- France
- Russia
- Ukraine
- Rest of Europe
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