Market Report, "Global Sodium Nitrate Market 2016-2020", published

Sodium nitrate is a crystalline salt used to make fertilizers and gunpowder. It is found in the Earth's crust in mineral deposits called caliche ore. Chile and Peru are the global leaders in the production of sodium nitrate; that is why it is also known as Chile or Peru saltpeter.

Sodium nitrate is a strong oxidizer. It is an essential plant nutrient and helps improve the nutrient content of soil, thereby increasing crop yield. It is used for a wide range of applications, including food preservation, metal treatment, nitric acid production, fireworks, industrial explosives, rocket propellants, and ceramics and glass. In the agricultural segment, sodium nitrate is used to make water-soluble fertilizers. In the pharmaceutical segment, it is used in the treatment of tooth sensitivity.

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Technavio's analysts forecast the global sodium nitrate market to grow at a CAGR of 3.59% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global sodium nitrate market for the period 2016-2020. To calculate the market size, the report considers the volume sales of sodium nitrate. It presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the global sodium nitrate market.

The market is divided into the following segments based on geography:

* APAC
* Europe
* Americas
* ROW

Technavio's report, Global Sodium Nitrate Market 2016-2020, 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.

Key vendors

* Dahua Group Dalian Chemical Industry
* Hangzhou Xinlong Chemical
* Liuzhou Chemical Industry
* Rashtriya Chemicals and Fertilizers
* Shandong Haihua Group
* SQM

Other prominent vendors

* HuaQiang Chemical Group
* Shanxi Jiaocheng Hongxing Chemicals
* Anhui Huaertai Chemical
* Jiangsu Huaihe Chemicals.

Market driver

* Emergence of biofuels
* For a full, detailed list, view our report

Market challenge

* Greater use of genetically modified seeds
* For a full, detailed list, view our report

Market trend

* Upsurge in cross-border investments and joint venture undertakings
* For a full, detailed list, view our report

Key questions answered in this report

* What will the market size be in 2020 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?

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