Global Sodium Nitrite Market

Global Sodium Nitrite Market Size, Share, Growth Analysis, By Application(Dyes and Pigments, Food and Beverages) - Industry Forecast 2024-2031


Report ID: SQMIG35I2119 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 37 | Figures: 78

Global Sodium Nitrite Market Dynamics

Sodium Nitrite Market Drivers

  • The major factors driving the market growth are food preservation, agriculture, industrial applications, healthcare, and environmental regulations.
  • With the each passing day, the food industry is growing hastily. Thus, the demand for novel techniques and products for food storage and preservation is also on surge. Because of the compound's efficacy in keeping processed meat products, food preservation is one of the primary drivers for the sodium nitrite market. Since it inhibits the growth of microorganisms, including the deadly clostridium botulinum bacterium that causes botulism, sodium nitrite is employed as a food preservative. If some forms of meat, such as pig and beef, are not adequately stored, this bacterium can proliferate. Sodium nitrite works by interacting with meat proteins to generate nitrosamines, which are responsible for the cured meat's characteristic pink hue. Nitrosamines also function as an antibacterial agent, reducing bacterial growth and preventing spoiling. Global demand for processed beef products is expanding as a result of changing consumer lifestyles, rising disposable income, and urbanization. Customers want convenience foods that are easy to prepare and have a longer shelf life. As a result, there is a greater demand for beef products that are processed, packed, and preserved with sodium nitrite. In order to reduce waste and boost profitability, the food industry has been concentrating on increasing the shelf life of beef products. Sodium nitrite is a common alternative for the food sector since it is an excellent and cost-effective technique of preserving processed meat products.
  • Furthermore, due to the compound's use in a variety of medical applications, Pharmaceuticals is a prominent driver for the Sodium Nitrite market. Because sodium nitrite possesses vasodilating qualities, it can be used to treat a variety of medical disorders. One of the most common medicinal uses for sodium nitrite is the treatment of cyanide poisoning. Cyanide is a poisonous chemical found in a variety of industries, including mining, metallurgy, and chemical manufacturing. Cyanide poisoning can be lethal if not handled promptly. Since it transforms cyanide to a less harmful substance, cyanmethemoglobin, which is then eliminated from the body, sodium nitrite is used to treat cyanide poisoning.Sodium nitrite is also used to treat a variety of medical problems that influence blood flow, such as pulmonary hypertension, or excessive blood pressure in the lungs. Intravenously injected sodium nitrite widens blood channels in the lungs, enhancing blood flow and oxygenation.

Sodium Nitrite Market Restraints

  • Even though the sodium nitrite has wide range of application, there are some factors such as health concerns, availability and cost of raw materials, competition from substitutes and stringent regulations which may act as the restrain. The use of sodium nitrite as a food preservative has been linked to a number of health risks, including an increased risk of cancer and other problems. Consuming significant doses of sodium nitrite has been found in studies to cause the production of carcinogenic chemicals known as nitrosamines in the body. As a result, consumers and regulatory bodies are increasingly concerned about the usage of sodium nitrite in food items. Furthermore, raw materials such as sodium carbonate, nitric acid, and ammonia are required for the manufacturing of sodium nitrite. The availability and cost of these raw materials can have an impact on sodium nitrite production and pricing. Furthermore, the usage of sodium nitrite is governed by a number of organizations, including the US Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA). Stringent rules and restrictions on the usage of sodium nitrite can limit its use in some applications, resulting in a decrease in demand for sodium nitrite, hampered the market.
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Sodium Nitrite market size was valued at USD 420.59 million in 2022 and is poised to grow from USD 442.88 million in 2023 to USD 669.44 million by 2031, at a CAGR of 5.3% during the forecast period (2024-2031).

The sodium nitrite market is highly fragmented, with numerous manufacturers present. In the market, multinational firms have created a global supply chain via in-house supply channels or third-party distributors. Companies such as BASF SE, for example, have recruited third-party distributors to supply their products to the market. China is the primary producer of the commodity in the Asia Pacific area, with huge manufacturers located throughout the country. To remain competitive in the global marketplace, incumbent businesses are likely to face intense competition. 'BASF SE', 'Airedale Chemical', 'Merck KGaA', 'The Dow Chemical Company', 'Sumitomo Chemical Co., Ltd.', 'Hill Brothers Chemical Company', 'Anhui Haoyuan Chemical Industry Group Co., Ltd.', 'Haihang Industry Co., Ltd.', 'Huaxing Chemical Co., Ltd.', 'Linyi Luguang Chemical Co., Ltd.', 'Jinan Yuntian Chemical Industry Limited Company', 'Anhui Ningguo Xinning Industrial Co., Ltd.', 'Spectrum Chemical Manufacturing Corp.', 'Weifang Qiangyuan Chemical Industry Co., Ltd.', 'Yixing Xinwei Leeshing Rare Earth Co., Ltd.', 'Shanxi Xinghua Chemical Co., Ltd.', 'Shandong Minji Chemical Co., Ltd.', 'Zouping Changshan Town Zefeng Fertilizer Factory', 'Shandong Zhongke Fertilizer Co., Ltd.', 'Shandong Hongda Chemical Co., Ltd.', 'In November 2023, Trecora LLC, acquired the lubricant additives business of Chemtrade based in Lawrence, KS. Chemtrade is one of North America’s largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hydrosulphite.   ', 'In October 2023, DKSH's Business Unit Performance Materials, a well-established distributor specializing in the distribution of specialty chemicals and ingredients, initiated a significant partnership with Vink Chemicals. This partnership marks a pivotal step in their collaboration, as DKSH is set to provide a comprehensive array of services encompassing business development, marketing, sales, logistics, and distribution for Vink Chemicals' range of biocides. ', 'In 2020, Merck KGaA announced the acquisition of AmpTec, a German biotech company specializing in RNA technology. The acquisition is expected to complement Merck's existing capabilities in the field of RNA research and expand its portfolio of RNA products, including sodium nitrite. ', 'In 2020, Prayon SA announced plans to expand its purified phosphoric acid production capacity at its plant in Belgium. The expansion will increase the company's production capacity of purified phosphoric acid, a key raw material used in the production of sodium nitrite, and support the growing demand for the compound. '

The major factors driving the market growth are food preservation, agriculture, industrial applications, healthcare, and environmental regulations.

Rapid changes in consumer tastes and preferences, combined with changing lifestyles, have resulted in an increased reliance on convenience snacks such as hot dogs and bacon in recent years, influencing sodium nitrite adoption patterns as well as sodium nitrite market potential.

The Asia-Pacific region is anticipated to dominate the market for Sodium Nitrite market. This growth is attributed to the increased demand for food-grade sodium nitrite, particularly in China, India, and Japan. China is the world's greatest consumer of food and beverages. According to a 2020 China Chamber of Commerce article, the beverage market, which comprises drinks, vegetable juices, and fruits, produced USD 39,330 million in revenue. Population growth and rising per capita disposable income are expected to drive expansion in the food and beverage industry. Because of their hectic lifestyles, Chinese consumers' eating habits have evolved. People prefer to eat packaged goods rather than prepare their own meals. The pharmaceutical market in India is the largest; according to IBEF's November 2021 report, India is the world's largest generic medication provider. India supplies half of the world's supply of different medications. The production of the COVID-19 vaccine has elevated India to a prominent position in the pharmaceutical industry. The country's rise in the sector is prompting companies to produce innovative medicine. As more companies become involved in the manufacturing of medications, the need for the sodium nitrite market, which is necessary to manufacture various types of drugs, rises.

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Global Sodium Nitrite Market

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