Sodium Nitrate Market Analysis: Industry Market Size, Plant Capacity, Technology, Production, Operating Efficiency, Demand & Supply, Grade, Application, End-User Industry, Regional Demand, Company Share, Manufacturing Process, Technology Licensor, 2025-2035

Global Sodium Nitrate Market Insights Forecasts to 2035

• The Global Sodium Nitrate Market Size Was Estimated at USD 112.4 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.82% from 2025 to 2035
• The Worldwide Sodium Nitrate Market Size is Expected to Reach USD 209.5 Million by 2035
• North America is expected to grow the fastest during the forecast period.

According to a research report published by Spherical Insights and Consulting, The Global Sodium Nitrate Market Size was worth around USD 112.4 Million in 2024 and is predicted to grow to around USD 209.5 Million by 2035 with a compound annual growth rate (CAGR) of 5.82% from 2025 and 2035. The market for sodium nitrate has a number of opportunities to grow due to its increasing application as fertilizer for supporting food demand, as well as in explosives, thermal energy storage, and specialty chemicals.

Market Overview

The global industry of sodium nitrate is focused on the production, sale, and application of sodium nitrate (NaNO₃). Sodium nitrate is a chemical compound with formula NaNO₃, also known as Chile saltpeter, which is a large deposits of which is historically mined in Chile for distinguishing it from ordinary saltpeter, potassium nitrate. It is a white deliquescent solid, useful in several reactions carried out on industrial scales for the production of fertilizers, pyrotechnics, smoke bombs, and other explosives, glass and pottery enamels, food preservatives (especially meats), and solid rocket propellant. The nitrate anion produced by this compound is a popular ingredient for reactions performed in industrial applications. There is an upsurging development of more sustainable and efficient production methods of sodium nitrate, with the increasing environmental awareness and technological advancements. Innovation and market expansion are anticipated as a result of major players' growing R&D expenditures and partnerships. The expanding agricultural sector, demand from mining industries, and growth in food preservation are driving a huge surge in the global sodium nitrate market.    

Report Coverage

This research report categorizes the sodium nitrate market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the sodium nitrate market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the sodium nitrate market. 

Driving Factors

An increased use of sodium nitrate in fertilizers is driving the market demand as it aids in supplying a water-soluble form of nitrogen, mainly outside of high-income countries. Further, sodium nitrate is extensively used as an antioxidant in food products like bacon, ham, luncheon meats, deli meat, jerky, and hot dogs, thereby maintaining the health of the people, especially those who consume meat. Additionally, an increasing demand for cleaner production methods with reduced emissions during chemical processing for producing high-purity sodium nitrate, along with the surging need for transparency and worker safety in manufacturing facilities, is contributing to promoting the market growth.

Restraining Factors

The sodium nitrate market is restricted by the potential health risks associated with eating processed meat products containing sodium nitrate. Further, the regulatory pressure associated with nitrogen-based fertilizers’ production and sale is challenging the market growth.  

Market Segmentation

The sodium nitrate market share is classified into grade, application, and end-user industry.

• The industrial grade segment accounted for the largest revenue share of 88.5% in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the grade, the sodium nitrate market is divided into industrial, pharmaceutical, and food. Among these, the industrial grade segment accounted for the largest revenue share of 88.5% in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Industrial-grade sodium nitrate is used as a corrosion inhibitor and boiler metal embrittlement inhibitor in the field of water treatment. Further, its use in chemicals & fertilizers, dyes & pigments, and in the oil & gas industry, especially in emerging economies, is driving the market demand in the industrial grade segment.

• The fertilizers segment dominated the market with the largest revenue share of over 68.5% in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the application, the sodium nitrate market is divided into chemicals, fertilizers, explosives, glass, pharmaceuticals, food & beverages, and others. Among these, the fertilizers segment dominated the market with the largest revenue share of over 68.5% in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Sodium nitrate-based fertilizers are frequently used for the crops of wheat, soybeans, sugarcane, and corn, containing 16% nitrogen and negligible phosphate and potash. Farmers' changing inclination towards techniques for maximizing yield, with an increasing food production for fulfilling the needs, is driving the market demand in the fertilizers segment.

• The agriculture segment dominated the market, accounting for 56% of the global market in 2024, and is projected to grow at a substantial CAGR during the forecast period.

Based on the end-user industry, the sodium nitrate market is divided into agriculture, food additives, chemical synthesis & glass manufacturing, and others. Among these, the agriculture segment dominated the market, accounting for 56% of the global market in 2024, and is projected to grow at a substantial CAGR during the forecast period. Sodium nitrates aid in increasing water solubility, making it an excellent source of nitrogen, a vital nutrient for plant growth. In the agriculture sector, farmers utilize nitrate of soda as a nitrogen-rich fertilizer for enhancing soil fertility and promoting robust plant development. Agrarian countries like India, China, and other agriculture-based economies are contributing to driving the demand for sodium nitrate fertilizers in the agriculture segment.

Regional Segment Analysis of the Sodium Nitrate Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the sodium nitrate market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of about 35-70% in the sodium nitrate market over the predicted timeframe. The market ecosystem in North America is strong, due to the production capacity, product innovation, and competition among chemical manufacturing industries like Shandong Haihua Group Co., Ltd., Liuzou Chemical Industry Co., Ltd., and Hebei Dongfang Chemical Co., Ltd. The demand for sodium nitrate has been driven by the region’s expanding agriculture and construction industry. China is leading the Asia Pacific sodium nitrate market, owing to the expanding chemical manufacturing sector and sodium nitrate demand from the food processing and fertilizers industries.

North America is expected to grow at a rapid CAGR of about 6.25% in the sodium nitrate market during the forecast period. The North America area has a thriving market for sodium nitrate due to increased collaborations and public-private partnerships for developing next-generation chemical supply chain. Further, with the growing mining and construction industry, increasing emphasis on investing in mineral infrastructure is propelling the market demand for sodium nitrate. For instance, in October 2025, Toronto-based Aclara Resources is planning to invest a total of US$1.2 Million in rare earth projects in Brazil, Chile and the United States. United States is leading the North America sodium nitrate market with over 75% share in 2024, driven by the increased use of sodium nitrate in explosive manufacturing, fertilizer production, and food preservation.   

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the sodium nitrate market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Deepak Nitrate Limited
• SQM S.A.
• BASF SE
• Weifang Haiye Chemistry and Industry Co
• Acf Nitratos S.A
• Quality Chemicals S.L
• Shijizhuang Fengshan Chemical Co. Ltd.
• Ural Chem JSC
• Deepak Nitrate Limited
• Acf Nitratos S.A
• Quality Chemicals S.L
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In July 2025, Samsung Bioepis announced that it would launch the osteoporosis treatment for menopausal women, Obodence (ingredient name denosumab), in the domestic market in partnership with Hanmi Pharmaceutical.
• In February 2025, fertilizer stocks jumped up to 6% after the Union Budget highlighted agriculture & urea production boost.
• In January 2025, Haifa Group launched its wholly owned subsidiary in India, aiming to strengthen its presence in India by offering innovative, precision-focused fertilizers tailored to local agricultural needs.
• In April 2024, Haifa Group is expanding its worldwide activities to India, having signed a collaborative agreement with the Indian Group DEEPAK. Deepak is a public company in India and also the parent company of Mahadan Agrtech Limited (MAL), which specializes in unique fertilizers.  

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the sodium nitrate market based on the below-mentioned segments:

Global Sodium Nitrate Market, By Grade

• Industrial
• Pharmaceutical
• Food

Global Sodium Nitrate Market, By Application

• Chemicals
• Fertilizers
• Explosives
• Glass
• Pharmaceuticals
• Food & Beverages
• Others

Global Sodium Nitrate Market, By End-User Industry

• Agriculture
• Food Additives
• Chemical Synthesis & Glass Manufacturing
• Others

Global Sodium Nitrate Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa