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Growing Demand for Fertilizers Sodium Nitrate Market To Grow at a CAGR of 3.91% during the period 2017-2021

Press Release   •   Aug 21, 2017 07:20 EDT

About Sodium Nitrate

Sodium nitrate is one of the widely used inorganic salts. It is used in fertilizers, pharmaceutical products, food, and gunpowder. It is a white crystalline salt that is found as mineral deposit called caliche ore in the Earths crust. This odorless compound is also known as Chile saltpeter. Chile and Peru are the largest producers of sodium nitrate. Sodium nitrate is a strong oxidizing agent. It is used as fertilizers to help in the crop yield by improving the nutrient content of the soil.
Technavios analysts forecast the global sodium nitrate market to grow at a CAGR of 3.91% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global sodium nitrate market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:





Technavio's report, Global Sodium Nitrate Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors


Dahua Group Dalian Guanlin International Trade

Hangzhou Xinlong Chemical

Liuzhou Chemical Industry

Rashtriya Chemicals and Fertilizers

Shandong Haihua Group

Sumitoma Chemical


Other prominent vendors

Akshay Group

Alfa Aesar

American Elements

Anhui Huaertai Chemicals

Chongqing Fuyuan Chemical


HuaQiang Chemical Group

Jiangsu Huaihe Chemicals

Shanxi Jiaocheng Hongxing Chemicals

Sinkiang Nitrate Minerals


Yingfengyuan Industrial Group

Zibo Xuhang Chemical

Market driver

Growing demand for fertilizers

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Market challenge

Soil deterioration caused by chemical fertilizers

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Market trend

Use of sodium nitrate in renewable energy segment

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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