Europe Sodium Nitrate Market to Witness 4.2% CAGR During 2025–2030, Attaining the Market Size of USD 0.072 billion by 2030

Published Date: Feb, 2024

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. The market is driven by factors such as increasing the use of sodium nitrate in agriculture, chemical, and food & beverage industries.

Sodium nitrate is soluble in water and other solvents, and thus, it is an effective nutrient-release fertilizer. Sodium nitrate is available at a low cost as compared to all other nitrogen-based fertilizers. It also has a simpler manufacturing process comparatively, which includes only one-step chemical reaction from starting compounds such as nitric acid or ammonium nitrate. The low cost and easy manufacturing process of sodium nitrate have turned sodium nitrate into the material of choice for most vendors. Subsequently, it is widely used for diverse applications.

Global Europe Sodium Nitrate Market Segmentation and Key Players

Segment / Key Players

Categorization

Grade

Industrial, Food Grade, Pharmaceutical

End Use

Agriculture, Chemical, Food & Beverages, Pharmaceutical, Others

Key Players

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»

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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.

Based on 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 2020. This is primarily due to the growing demand for fertilizers.

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 an increasing number of rheumatic heart diseases that develop from simple untreated throat infections. Thus, an increase in penicillin production is anticipated in the coming years. Thus, an increase in penicillin production assists in sodium nitrate market expansion in Europe.

Some of the major players operating in the Europe sodium nitrate market are 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».

Europe Sodium Nitrate Market Coverage

Grade Insight and Forecast 2025-2030

  • Industrial
  • Food Grade
  • Pharmaceutical Grade

End-Use Insight and Forecast 2025-2030

  • Agriculture
  • Chemical
  • Food & Beverages
  • Pharmaceutical
  • Others

Geographical Segmentation

Sodium Nitrate Market by Country

  • Germany
  • U.K.
  • France
  • Russia
  • Ukraine
  • Rest of Europe