24 December 2018 - The Global Sodium Nitrate Market is poised for growth on account of the development in several end-use industries such as the pharmaceuticals and agricultural industries. In addition, the increasing demand for fertilizers in various regions such as Asia-Pacific also boosts the regional demand. The introduction of biofuels remains an important factor which fuels the growth of the global sodium nitrate market over the next few years. Over the recent past, it has been perceived that administrations from across the world have a preference towards using alternative sources of energy such as biofuels since they reduce pollution as well as escalate efficiency of the fuels.

Sodium nitrate refers to a crystal-like saline utilized for making gunpowder as well as fertilizers. It is originated from the earth’s crust in the form of mineral deposits which are known as caliche ore. Peru and Chile are the overall frontrunners in the manufacture of sodium nitration. This is also the reason why they are called Peru or Chile saltpetre. Rising energy necessities along with alarms concerning carbon emissions and environmental pollution have given rise to the advancement of alternative sources of energy which include solar energy. Also, sodium nitrate is a constituent in batteries made use in solar power plants. Every single MW of solar power has need of approximately 320 metric tons of sodium nitrate. This has made possible a surge in the growth for sodium nitrate all over the world.

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Asia-Pacific accounted for the maximum demand for the global sodium nitrate market in the recent past. Growing population along with rapid industrialization in countries such as India, South Korea, Indonesia, Vietnam, China, Japan, and Malaysia are estimated to benefit the regional market growth. Adding to that, increasing disposable incomes and the consistent demand for food is expected to result in an augmented consumption of fertilizers. North America and Europe are also expected to observe huge growth in the future. Initiatives taken by the government in the end-use industries are anticipated to provide significant gains in both the regions.

The key market players in the global sodium nitrate industry are investing heavily in the research & development activities. These players are introducing new innovative strategies for marketing as well as new product developments. Through these, strategies, they are trying to gain a competitive advantage over the other market players in the industry. The major companies operating in the market include Dahua Group Dalian Chemical Industry, Hangzhou Xinlong Chemical, Liuzhou Chemical Industry, Rashtriya Chemicals and Fertilizers, Shandong Haihua Group, and SQM. Some of the other prominent vendors in the sodium nitrate market include HuaQiang Chemical Group, Shanxi Jiaocheng Hongxing Chemicals, Anhui Huaertai Chemical, and Jiangsu Huaihe Chemicals.

The industry overview includes sodium nitrate definition, application, classification, industry chain structure, industry policy analysis, industry overview, and industry news analysis. The sodium nitrate market analysis includes market development history, product and technology developments, competitive landscape analysis, key countries development status, market development trend, and market comparison analysis.

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Sodium nitrate technical data and manufacturing plants analysis includes capacity and commercial production date, manufacturing plants distribution, and research & development status and technology sources. Sodium nitrate manufacturing process and cost structure include product specifications, manufacturing process analysis, cost structure analysis, and price cost gross analysis. Sodium nitrate industry productions supply sales demand market status and forecast includes capacity production overview, market share analysis, demand overview, import export consumption, supply demand and shortage, and cost price production value gross margin.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Sodium Nitrate in these regions, from 2013 to 2025 (forecast), covering

• North America
• Europe
• China
• Japan
• Southeast Asia
• India

Global Sodium Nitrate market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• BASF
• Sumitomo
• Akshay Group
• SNDB (M/S Seth Nandram Daulatram Biyani)
• Shandong Fengyuan Chemical
• Chongqing Chuandong Chemical (Group)


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