Outlook on the Sodium Nitrate Global Market to 2027 - Pharmaceuticals Segment to Record 11.1% CAGR - ResearchAndMarkets.com
The "Sodium Nitrate: Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Sodium Nitrate estimated at US$94 Million in the year 2020 is projected to reach a revised size of US$133.8 Million by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027.
Industrial, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$113 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Food segment is readjusted to a revised 9.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $25.8 Million, While China is Forecast to Grow at 6.8% CAGR
The Sodium Nitrate market in the U.S. is estimated at US$25.8 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$27.5 Million by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$17.5 Million by the year 2027.
Pharmaceuticals Segment to Record 11.1% CAGR
In the global Pharmaceuticals segment, USA, Canada, Japan, China and Europe will drive the 11.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Million in the year 2020 will reach a projected size of US$5.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 11.9% CAGR through the analysis period.
Select Competitors (Total 21 Featured) -
- Alfa Aesar
- American Elements
- BASF SE
- Cofermin Chemicals GmbH & Co. KG
- Dahua Group Dalian Guanlin International Trade Co., Ltd.
- Hangzhou Xinlong Chemical Co., Ltd.
- Huaqiang Chemical Group Co., Ltd.
- Jiangsu Huaihe Chemicals Co., Ltd.
- Liuzhou Chemical Co., Ltd.
- Rashtriya Chemicals and Fertilizers Ltd.
- Seth Nandram Daulatram Biyani (SNDB)
- Shandong Haihua Group Co., Ltd.
- Shanxi Jiaocheng Hongxing Chemical Co., Ltd.
- Sinkiang Nitrate Minerals Co., Ltd.
- SQM North America Corporation
- Sumitomo Chemical Co., Ltd.
- Yingfengyuan Industrial Group Limited
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Sodium Nitrate - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/2ohuoe
View source version on businesswire.com: https://www.businesswire.com/news/home/20221110005562/en/