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Sodium Nitrite Market Report Scope & Overview:

The Sodium Nitrite Market size was valued at 423 USD million in 2022 and is expected to grow to 574.46 USD million by 2030 and grow at a CAGR of 3.9% over the forecast period of 2023-2030.

Sodium Nitrite is a type of inorganic sodium salt with the chemical formula NaNO2. Nitrite serves as the counterion in this compound. This organic chemical is used as an antidote for cyanide poisoning and as a preservative for food and beverages. It has a wide range of applications, including as an antimicrobial food preservative, antihypertensive agent, food antioxidant, poison, color fixative, heat transfer salt, metal treatment, and finishing agent.

Sodium Nitrite Market Revenue Analysis

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However, due to the potential risks of heart disease and diabetes, some food items have eliminated the use of sodium nitrite. This yellowish-white crystalline solid is odorless and non-combustible, but it can accelerate the burning of combustible materials. In meat processing, sodium nitrite is typically mixed with common salt to create a curing salt or nitrited curing salt. In cases of cyanide poisoning, sodium nitrite is used in combination with sodium thiosulfate, but only in severe cases.

Overall, sodium nitrite is a valuable chemical with a range of applications, but its use must be carefully monitored to ensure safety and minimize potential health risks.

Market Dynamics:

Drivers

  • Increasing use of Sodium Nitrite in meat-curing applications

  • Rising demand for processed meat products

  • Increasing utilization of sodium nitrite in the pharmaceutical sector

  • The dominant use of Sodium Nitrite as the preservative

  • Growing demand for sodium nitrite as an efficient coolant

The various uses of Sodium Nitrite compounds in industries such as Food & Beverages, textiles, and pharmaceuticals drive the Sodium Nitrite market significantly. Sodium nitrite is also used in the energy sector. It acts as a heat transfer salt in industrial refrigeration and large air conditioning system. The increasing demand for sodium nitrite as an efficient coolant is expected to propel the market of sodium nitrite in refrigeration applications.

Restrain

  • Fluctuating raw material prices

  • Implementation of Stringent regulation by regulatory bodies across the world

As Sodium Nitrite is a cancer-causing compound in the human body so after consumption of sodium Nitrite can cause potential hazards. Therefore, stringent restrictions are imposed by regulatory bodies across the globe on using this chemical compound in food products which ultimately hamper the growth of the Sodium Nitrite market in the food and beverage industry.

Opportunities

  • Multiple applications of this chemical compound in various industries

  • Increasing consumer acceptance of processed food and convenient snack

Challenges

  • Increasing the number of alternative food preservatives

  • Global slowdown of the nitrite dye industry

Impact of COVID-19:

The outbreak of the COVID-19 pandemic had a negative impact on industries across the globe. International Chemical manufacturers have stopped the manufacturing of chemical compounds due to the labor shortage, stringent regulation of social distancing, and supply chain disruption (Logistics disruption). But despite of this some production sites in China remained operational during this phase by overcoming the pandemic challenges to maintain the supply and demand and business continuity to the customers. The government provided every required support to resume the work of key companies.

Impact of Recession:

Due to the recession sodium nitrite market has been affected significantly. This essential chemical compound is used in a variety of industries, including food processing, pharmaceuticals, and agriculture. However, the recession has had a significant impact on the demand for sodium nitrite, as well as its production and pricing. The decreased demand for processed foods and other products that use sodium nitrite has declined. This has led to a decrease in the production of sodium nitrite to match the reduced demand. Another impact of the recession on the sodium nitrite market has been a decrease in pricing. With less demand for the product, manufacturers have been forced to lower their prices in order to remain competitive. This has put pressure on profit margins and has made it more difficult for companies to invest in research and development or to expand their operations.

Market segmentation

By Grade

By Application

  • Food & Beverages

  • Pharmaceuticals

  • Corrosion Inhibitors

  • Dyes & Pigments

  • Fertilizer

  • Others

Sodium Nitrite Market Segmentation Analysis

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Regional Analysis

Asia Pacific region held the largest market share of about 73% in 2022 and is estimated to grow rapidly during the forecast period. This is owing to the increasing demand for sodium nitrite in the food grade. The world’s largest food and beverages consumer market is present in the countries of this region like India, China, and Japan. An increase in the population and increased disposable income in these countries helps to boost the food and beverage market which ultimately propels the Sodium Nitrite market.  In China, the inclination toward a fast-paced lifestyle increases the demand for packaged and convenient food rather than preparing own meals also helps to drive the market of Sodium Nitrite in this region.

In India, the pharmaceutical sector is blooming very rapidly which makes it the largest market around the globe. India provides a large number of generic drugs across the globe. For instance, India supplies around 50% of the drugs across the world. The growth of this region in the pharmaceutical sector is attributed to the manufacturing of COVID-19 vaccines in large proportion. So, to manufacture the various types of medicines Sodium Nitrite is required which drive the Sodium Nitrite market in India significantly.

The second largest market which held a remarkable market share of about 15% in 2021 is Europe. This growth is attributed to the increasing use of sodium nitrite in the food& beverage industry as well as the pharmaceutical industry.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of the Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players

The major key players are BASF SE, Airedale Chemical Company Ltd., Deepak Nitrite Ltd., Shijizhuang Fengshan Chemical Co. Ltd., Ural Chem JSC, Linyi Luguang Chemical Co. Ltd., Radiant Indus Chem Pvt. Ltd., Yingfengyuan Industrial Group Limited, SABIC, and other key players mentioned in the final report.

Airedale Chemical Company Ltd-Company Financial Analysis

Sodium Nitrite Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 423 Mn
Market Size by 2030  US$ 574.46 Mn
CAGR   CAGR of 3.9% From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Grade (Food Grade, Industrial Grade)
• By Application (Food & Beverages, Pharmaceuticals, Corrosion Inhibitors, Dyes & Pigments, Fertilizer, and Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles BASF SE, Airedale Chemical Company Ltd., Deepak Nitrite Ltd., Shijizhuang Fengshan Chemical Co. Ltd., Ural Chem JSC, Linyi Luguang Chemical Co. Ltd., Radiant Indus Chem Pvt. Ltd., Yingfengyuan Industrial Group Limited, SABIC, and other key players.
Key Drivers • Increasing use of Sodium Nitrite in meat-curing applications.
• Rising demand for processed meat products
Market Opportunities • Multiple applications of this chemical compound in various industries
• Increasing consumer acceptance of processed food and convenience snack.

Frequently Asked Questions

The Sodium Nitrite Market recorded a value of 423 USD million in 2022.

The expected CAGR of the global Sodium Nitrite Market during the forecast period is 3.9%

The major key players BASF SE, Airedale Chemical Company Ltd., Deepak Nitrite Ltd., Shijizhuang Fengshan Chemical Co. Ltd., Ural Chem JSC, Linyi Luguang Chemical Co. Ltd., Radiant Indus Chem Pvt. Ltd., Yingfengyuan Industrial Group Limited, SABIC.

Asia-Pacific region is likely to lead the Sodium Nitrite Market during the forecast period.

Fluctuating raw material prices and Implementation of Stringent regulation by regulatory bodies across the world are the restraining factors of Sodium Nitrite market.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Sodium Nitrite Market Segmentation, By Grade
8.1 Food Grade
8.2 Industrial Grade

9. Sodium Nitrite Market Segmentation, By Application
9.1 Food & Beverages,
9.2 Pharmaceuticals
9.3 Corrosion Inhibitors
9.4 Dyes & Pigments
9.5 Fertilizer
9.6 Others

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Sodium Nitrite Market by Country
10.2.2North America Sodium Nitrite Market by Grade
10.2.3 North America Sodium Nitrite Market by Application
10.2.4 USA
10.2.4.1 USA Sodium Nitrite Market by Grade
10.2.4.2 USA Sodium Nitrite Market by Application
10.2.5 Canada
10.2.5.1 Canada Sodium Nitrite Market by Grade
10.2.5.2 Canada Sodium Nitrite Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Sodium Nitrite Market by Grade
10.2.6.2 Mexico Sodium Nitrite Market by Application
10.3 Europe
10.3.1 Europe Sodium Nitrite Market by Country
1.3.3.2 Europe Sodium Nitrite Market by Grade
10.3.3 Europe Sodium Nitrite Market by Application
10.3.4Germany
10.3.4.1 Germany Sodium Nitrite Market by Grade
10.3.4.2 Germany Sodium Nitrite Market by Application
10.3.5 UK
10.3.5.1 UK Sodium Nitrite Market by Grade
10.3.5.2 UK Sodium Nitrite Market by Application
10.3.6 France
10.3.6.1 France Sodium Nitrite Market by Grade
10.3.6.2 France Sodium Nitrite Market by Application
10.3.7 Italy
10.3.7.1 Italy Sodium Nitrite Market by Grade
10.3.7.2 Italy Sodium Nitrite Market by Application
10.3.8 Spain
10.3.8.1 Spain Sodium Nitrite Market by Grade
10.3.8.2 Spain Sodium Nitrite Market by Application
10.3.9 The Netherlands
10.3.9.1 Netherlands Sodium Nitrite Market by Grade
10.3.9.2 Netherlands Sodium Nitrite Market by Application
10.3.10 Rest of Europe
10.3.10.1 Rest of Europe Sodium Nitrite Market by Grade
10.3.10.2 Rest of Europe Sodium Nitrite Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Sodium Nitrite Market by Country
10.4.2Asia Pacific Sodium Nitrite Market by Grade
10.4.3 Asia Pacific Sodium Nitrite Market by Application
10.4.4 Japan
10.4.4.1 Japan Sodium Nitrite Market by Grade
10.4.4. 2Japan Sodium Nitrite Market by Application
10.4.5. South Korea
10.4.5.1 South Korea Sodium Nitrite Market by Grade
10.4.5.2. South Korea Sodium Nitrite Market by Application
10.4.6 China
10.4.6.1 China Sodium Nitrite Market by Grade
10.4.6.2. China Sodium Nitrite Market by Application
10.4.7 India
10.4.7.1 India Sodium Nitrite Market by Grade
10.4.7.2. India Sodium Nitrite Market by Application
10.4.8 Australia
10.4.8.1 Australia Sodium Nitrite Market by Grade
10.4.8.2. Australia Sodium Nitrite Market by Application
10.4.9 Rest of Asia-Pacific
10.4.9.1 APAC Sodium Nitrite Market by Grade
10.4.9.2. APAC Sodium Nitrite Market by Application
10.5 The Middle East & Africa
10.5.1 The Middle East & Africa Sodium Nitrite Market by Country
10.5.2 The Middle East & Africa Sodium Nitrite Market by Grade
10.5.3The Middle East & Africa Sodium Nitrite Market by Application
10.5.4 Israel
10.5.7.1 Israel Sodium Nitrite Market by Grade
10.5.7.2 Israel Sodium Nitrite Market by Application
10.5.5 UAE
10.5.5.1 UAE Sodium Nitrite Market by Grade
10.5.5.2 UAE Sodium Nitrite Market by Application
10.5.6South Africa
10.5.6.1 South Africa Sodium Nitrite Market by Grade
10.5.6.2 South Africa Sodium Nitrite Market by Application
10.5.7 Rest of Middle East & Africa
10.5.7.1 Rest of Middle East & Asia Sodium Nitrite Market by Grade
10.5.7.2 Rest of Middle East & Asia Sodium Nitrite Market by Application
10.6 Latin America
13.6.1    Latin America Sodium Nitrite Market by Country
10.6.2. Latin America Sodium Nitrite Market by Grade
10.6.3 Latin America Sodium Nitrite Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Sodium Nitrite Market by Grade
10.6.4.2 Brazil Sodium Nitrite Market by Application
10.6.5Argentina
10.6.5.1 Argentina Sodium Nitrite Market by Grade
10.6.5.2 Argentina Sodium Nitrite Market by Application
10.6.6Rest of Latin America
10.6.6.1 Rest of Latin America Sodium Nitrite Market by Grade
10.6.6.2 Rest of Latin America Sodium Nitrite Market by Application

11 Company Profile
11.1 BASF SE
11.1.1 Market Overview
11.1.2 Financials
11.1.3 Product/Services/Offerings
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Airedale Chemical Company Ltd
11.2.1 Market Overview
11.2.2 Financials
11.2.3 Product/Services/Offerings
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Deepak Nitrite Ltd
11.3.1 Market Overview
11.3.2 Financials
11.3.3 Product/Services/Offerings
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Shijizhuang Fengshan Chemical Co. Ltd
11.4.1 Market Overview
11.4.2 Financials
11.4.3 Product/Services/Offerings
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Ural Chem JSC
11.5.1 Market Overview
11.5.2 Financials
11.5.3 Product/Services/Offerings
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Linyi Luguang Chemical Co. Ltd
11.6.1 Market Overview
11.6.2 Financials
11.6.3 Product/Services/Offerings
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Radiant Indus Chem Pvt. Ltd.
11.7.1 Market Overview
11.7.2 Financials
11.7.3 Product/Services/Offerings
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Yingfengyuan Industrial Group Limited
11.8.1 Market Overview
11.8.2 Financials
11.8.3 Product/Services/Offerings
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 SABIC
11.9.1 Market Overview
11.9.2 Financials
11.9.3 Product/Services/Offerings
11.9.4 SWOT Analysis
11.9.5 The SNS View

12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments

13. USE Cases And Best Practices

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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