16 January 2019:
The Global
Sodium Nitrate Market is poised for growth on account of the
development in several end-use industries such as the pharmaceuticals and agricultural
industries. In addition, the increasing demand for fertilizers in various
regions such as Asia-Pacific also boosts the regional demand. The introduction
of biofuels remains an important factor which fuels the growth of the global
sodium nitrate market over the next few years. Over the recent past, it has
been perceived that administrations from across the world have a preference
towards using alternative sources of energy such as biofuels since they reduce
pollution as well as escalate efficiency of the fuels.
Sodium nitrate refers to a crystal-like saline utilized for
making gunpowder as well as fertilizers. It is originated from the earth’s
crust in the form of mineral deposits which are known as caliche ore. Peru and
Chile are the overall frontrunners in the manufacture of sodium nitration. This
is also the reason why they are called Peru or Chile saltpetre. Rising energy
necessities along with alarms concerning carbon emissions and environmental
pollution have given rise to the advancement of alternative sources of energy
which include solar energy. Also, sodium nitrate is a constituent in batteries
made use in solar power plants. Every single MW of solar power has need of
approximately 320 metric tons of sodium nitrate. This has made possible a surge
in the growth for sodium nitrate all over the world.
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Asia-Pacific accounted for the maximum demand for the global
sodium nitrate market in the recent past. Growing population along with rapid
industrialization in countries such as India, South Korea, Indonesia, Vietnam,
China, Japan, and Malaysia are estimated to benefit the regional market growth.
Adding to that, increasing disposable incomes and the consistent demand for food
is expected to result in an augmented consumption of fertilizers. North America
and Europe are also expected to observe huge growth in the future. Initiatives
taken by the government in the end-use industries are anticipated to provide
significant gains in both the regions.
The key market players in the global sodium nitrate industry
are investing heavily in the research & development activities. These
players are introducing new innovative strategies for marketing as well as new
product developments. Through these, strategies, they are trying to gain a
competitive advantage over the other market players in the industry. The major
companies operating in the market include Dahua Group Dalian Chemical Industry,
Hangzhou Xinlong Chemical, Liuzhou Chemical Industry, Rashtriya Chemicals and
Fertilizers, Shandong Haihua Group, and SQM. Some of the other prominent
vendors in the sodium nitrate market include HuaQiang Chemical Group, Shanxi
Jiaocheng Hongxing Chemicals, Anhui Huaertai Chemical, and Jiangsu Huaihe
Chemicals.
The industry overview includes sodium nitrate definition,
application, classification, industry chain structure, industry policy
analysis, industry overview, and industry news analysis. The sodium nitrate
market analysis includes market development history, product and technology
developments, competitive landscape analysis, key countries development status,
market development trend, and market comparison analysis.
Sodium nitrate technical data and manufacturing plants
analysis includes capacity and commercial production date, manufacturing plants
distribution, and research & development status and technology sources.
Sodium nitrate manufacturing process and cost structure include product
specifications, manufacturing process analysis, cost structure analysis, and
price cost gross analysis. Sodium nitrate industry productions supply sales
demand market status and forecast includes capacity production overview, market
share analysis, demand overview, import export consumption, supply demand and
shortage, and cost price production value gross margin.
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