Europe Sodium Nitrate Market

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.

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

Industry Dynamics

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.

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.

Competitive Insight

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.

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

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

1. Research Overview

     1.1 The Report Offers

     1.2 Market Coverage

                 1.2.1 By Grade

                 1.2.2 By End Use

                 1.2.3 By Country

     1.3. Research Phases

     1.4. Limitations

     1.5. Market Size Estimations and Forecast

                 1.5.1. Data Sources

                             1.5.1.1. Primary Research

                             1.5.1.2. Secondary Research

                 1.5.2. Methodology

                             1.5.2.1. Data Exploration

                             1.5.2.2. Forecast Parameters

                             1.5.2.3. Data Validation

                             1.5.2.4. Assumptions

                 1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

     3.1 Grade

                 3.1.1. Industry grade

                 3.1.2. Food grade

                 3.1.3 Pharmaceutical grade

     3.2 End-Use

                 3.2.1 Agriculture

                 3.2.2 Chemical

                 3.2.3 Food & beverage

                 3.2.4 Pharmaceutical

                 3.2.5 Others

4. Industry Overview

     4.1. Industry Dynamics

                 4.1.1. Market Growth Drivers

                 4.1.2. Market Growth Restraints

                 4.1.3. Key Market Trends

                 4.1.4. Major Opportunities

     4.2. Industry Ecosystem

                 4.2.1. Porter’s Five Forces Analysis

                 4.2.2. Value Chain Analysis

     4.3. Competitive Insight

                 4.3.1. Competitive Position of Industry Players

                 4.3.2. Market Attractive Analysis

5. Europe Market Estimate and Forecast

     5.1 By Grade

     5.2 By End Use

     5.3 By Country

6. Production Capacity and Actual Production of Sodium Nitrate

     6.1 By Leading Players

     6.2 By Leading Countries (Russia, Ukraine, and Germany)

7. Price Analysis

     7.1 Raw Material Price Analysis

     7.2 Domestic Price Analysis of Sodium Nitrate

8. Company Profiles

     8.1 BASF SE

                 8.1.1 Snapshot

                 8.1.2 Overview

                 8.1.3 Offerings

                 8.1.4 Financial Insight

     8.2 Merck KGaA

                 8.2.1 Snapshot

                 8.2.2 Overview

                 8.2.3 Offerings

                 8.2.4 Financial Insight

     8.3 Honeywell International Inc.

                 8.3.1 Snapshot

                 8.3.2 Overview

                 8.3.3 Offerings

                 8.3.4 Financial Insight

     8.4 Union Group Chemical Company S.L

                 8.4.1 Snapshot

                 8.4.2 Overview

                 8.4.3 Offerings

     8.5 Grupa Azoty SA

                 8.5.1 Snapshot

                 8.5.2 Overview

                 8.5.3 Offerings

     8.6 abcr GmbH

                 8.6.1 Snapshot

                 8.6.2 Overview

                 8.6.3 Offerings

     8.7 URALCHEM Holding P.L.C.

                 8.7.1 Snapshot

                 8.7.2 Overview

                 8.7.3 Offerings

     8.8 PJSC Concern Stirol

                 8.8.1 Snapshot

                 8.8.2 Overview

                 8.8.3 Offerings

     8.8 PJSC Severodonetsk "Azot"

                 8.8.1 Snapshot

                 8.8.2 Overview

                 8.8.3 Offerings

     8.1 Neochim Plc

                 8.10.1 Snapshot

                 8.10.2 Overview

                 8.10.3 Offerings

                 8.10.4 Financial Insight

     8.11 JSC «Farg’onaazot»

                 8.11.1 Snapshot

                 8.11.2 Overview

                 8.11.3 Offerings

9. Appendix

     9.1. Exchange Rates

     9.2. Abbreviations

List of Tables

Table 1 Sources
Table 2 Study Period
Table 3 Data Reporting
Table 4 Benchmarking of Key Players
Table 5 Europe Sodium Nitrate Market, By Grade, 2018 – 2023 (Billion)
Table 6 Europe Sodium Nitrate Market, By Grade,2025 – 2030 (Billion)
Table 7 Europe Sodium Nitrate Market, By Grade, 2018 – 2023 (Billion)
Table 8 Europe Sodium Nitrate Market, By Grade,2025 – 2030 (Billion)
Table 9 Europe Sodium Nitrate Market, By End Use, 2018 – 2023 (Billion)
Table 10 Europe Sodium Nitrate Market, By End Use,2025 – 2030 (Billion)
Table 11 Europe Sodium Nitrate Market, By End Use, 2018 – 2023 (Billion)
Table 12 Europe Sodium Nitrate Market, By End Use,2025 – 2030 (Billion)
Table 13 Europe Sodium Nitrate Market, By Country, 2018 – 2023, (Billion)
Table 14 Europe Sodium Nitrate Market, By Country,2025 – 2030 (Billion)
Table 15 Europe Sodium Nitrate Market, By Country, 2018 – 2023 (Billion)
Table 16 Europe Sodium Nitrate Market, By Country,2025 – 2030 (Billion)
Table 17 Europe Sodium Nitrate Production Capacity, Actual Production of Major Producers, (Billion)
Table 18 Historical Asp for Ammonia in Germany, U.K., Russia, France, And Ukraine, (Billion)
Table 19 Historical Asp for Nitric Acid in Germany, U.K., Russia, France, And Ukraine, (Billion)
Table 20 Historical Asp for Sodium Hydroxide in Germany, U.K., Russia, France, And Ukraine, (Billion)
Table 21 Asp for Sodium Nitrate, (Billion)
Table 22 Sodium Nitrate Demand Analysis in Russia And Ukraine, (Billion)
Table 23 Snapshot – BASF SE
Table 24 Snapshot – Merck KGaA
Table 25 Snapshot – Honeywell International Inc.
Table 26 Snapshot – Union Group Chemical Company S.L
Table 27 Snapshot – Grupa Azoty SA
Table 28 Snapshot – abcr GmbH
Table 29 Snapshot – URALCHEM Holding P.L.C.
Table 30 Snapshot – PJSC Concern Stirol
Table 31 Snapshot – PJSC Severodonetsk “Azot”
Table 32 Snapshot – Neochim Plc
Table 33 Snapshot – JSC «Farg’onaazot»

List of Figures

Figure 1   Market Coverage
Figure 2   Research Phases
Figure 3   Secondary Sources for Different Parameters
Figure 4   Methodology
Figure 5   Data Mining & Exploration
Figure 6   Data Triangulation
Figure 7   Assumptions for Market Estimation and Forecast
Figure 8   Executive Summary
Figure 9   Value Chain Analysis
Figure 10  Porter’s Five Forces Analysis
Figure 11  Europe Sodium Nitrate Market Highlight
Figure 12  Europe Sodium Nitrate Market, By Grade, 2018 - 2030(Billion)
Figure 13  Europe Sodium Nitrate Market, By Grade, 2018 - 2030(Billion)
Figure 14  Europe Sodium Nitrate Market, By End Use, 2018 - 2030(Billion)
Figure 15  Europe Sodium Nitrate Market, By End Use, 2018 - 2030(Billion)
Figure 16  Europe Sodium Nitrate Market, By Country, 2018 - 2030(Billion)
Figure 17  Europe Sodium Nitrate Market, By Country, 2018 - 2030(Billion)