Global Sodium Nitrate market will reach 450 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2018/12/13

Sodium nitrate occurs as colorless crystals or as a white crystalline powder. It is odorless and has a slightly salty taste.

Sodium nitrate is mainly consumed in glass, explosives, agricultural, chemical industry and others. Glass is the largest application field, which took about 47.42% in 2017. Explosive is also an important application of sodium nitrate which is mainly used in South America. Sodium nitrate is also widely consumed in agricultural industry in Europe and USA.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Sodium Nitrate.

The global Sodium Nitrate market is valued at 360 million US$ in 2017 and will reach 450 million US$ by the end of 2025, growing at a CAGR of 2.8% during 2018-2025.

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