Nitrite Market Size
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Nitrite Market Analysis
The Nitrite Market size is estimated at 2.21 Million tons in 2024, and is expected to reach 2.70 Million tons by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
- The COVID-19 pandemic impacted the nitrite market, but its overall effect was not as significant as initially anticipated. The market is expected to recover and continue growing in the long term, driven by underlying demand factors and evolving consumer trends.
- The increasing use of nitrites and related compounds, such as calcium nitrite, in agriculture for plant growth regulation and as a nutrient source is emerging as a significant catalyst for the nitrite market.
- The nitrite market is hindered by challenges such as environmental pollution, greenhouse gas emissions, potential carcinogens, health concerns like methemoglobinemia, and impacts on air quality and respiratory health, largely influenced by stringent environmental regulations.
- Investing in the research and development of safer nitrite alternatives is driving the nitrite market forward and providing substantial opportunities for the food industry, public health, and the sustainable growth of nitrate.
- Asia-Pacific is projected to dominate the global market due to growing agricultural investments in India and China.
Nitrite Market Trends
Agriculture Sector to Dominate the Market
- The plant growth regulation and nutrient benefits of calcium nitrite, potassium nitrite, and sodium nitrite are driving the nitrite market by offering enhanced crop yields, stress resilience, and improved quality.
- During the last decades, agricultural production and yields have increased along with global fertilizer and pesticide consumption. The development is observed in various developing countries and industrialized countries.
- As per the Food and Agriculture Organization (FAO) of the United Nations, global fertilizer consumption reached 200 million tonnes in 2022, marking an 87% increase from the 2021 consumption of 109 million tonnes. This surge holds the potential to stimulate growth in the nitrite market. Additionally, approximately 80% of the global population depends on imported food.
- According to the US Geological Survey, the United States ranks among the top global producers and consumers of ammonia. In 2022, ammonia production in the U.S. totaled 13 million metric tons, a slight 2% increase from the 12.7 million metric tons from the previous year. This production was carried out by 16 companies operating at 35 facilities across the country, and it is expected to drive the nitrite market during the forecast period.
- According to the UK Department for Environment, Food & Rural Affairs, the United Kingdom's total utilized agricultural area (UAA) stood at 16.8 million hectares in 2022, representing 69% of the nation's total area.
- Moreover, over the past decade, the European Union has been a significant trade partner for the United Kingdom in terms of ammonium nitrate. According to the Office for National Statistics (UK), EU imports of ammonium nitrate amounted to approximately GBP 115.65 million (USD 143.05 million) in 2022, up from GBP 65.08 million (USD 80.50 million) in 2021, marking a notable 76% increase from the previous year. This trend has the potential to stimulate the nitrite market.
- In Germany, about half of the land is used for agriculture. It is the third-largest exporter of agricultural goods in the world, driving the nitrite market. The states of Germany with the largest area used for agriculture include Lower Saxony, Bavaria, North Rhine-Westphalia, Baden-Wurttemberg, and Mecklenburg-Vorpommern.
- In 2022, Japan's production volume of ammonium nitrate fuel oil explosive in the chemical industry was approximately 19.75 tons, a slight increase from 19.48 tons in 2021, as reported by METI (Japan). This marked the first increase in production in Japan over the past five years, indicating recovery. Furthermore, projections suggest an anticipated rise in production volume during the upcoming forecast period.
- Thus, the abovementioned factors are expected to increase the demand in the nitrites market during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region dominated the market across the world, with the largest consumption from countries such as China and India.
- Nitrites can be used as an intermediate in the synthesis of various essential medications, including vasodilators and certain pharmaceuticals for cyanide poisoning treatment.
- India holds a prominent position in the global pharmaceutical industry as the world's largest producer of generic drugs. The Indian pharmaceutical industry is projected to reach USD 100 billion, while the medical device market is anticipated to expand by USD 25 billion by 2025. In 2022, pharmaceutical exports from India amounted to USD 24.62 billion, according to the India Brand Equity Foundation.
- China, as the second-largest global market for pharmaceuticals, is experiencing rapid emergence, driven by a growing middle class and an aging population. The country's pharmaceutical sales surged to USD 175 billion in 2022, showing a substantial increase from the USD 134.4 billion recorded in 2021, marking a significant 30% rise from the previous year. This robust growth in the pharmaceutical sector is anticipated to contribute to the expansion of the nitrites market.
- Nitrites, like calcium nitrite, enhance corrosion resistance in reinforced concrete, especially in coastal areas. They protect steel in structures like bridges and buildings, extending their lifespan and reducing maintenance. Additionally, sodium nitrite acts as a construction accelerator for rapid setting.
- As per the National Bureau of Statistics of China, the construction industry in China generated an output of over CNY 31 trillion (USD 4.61 trillion) in 2022, representing an increase of 10% of CNY 29.31 trillion (USD 4.36 trillion) compared to the previous year. There is an increase of almost 100% from a decade ago with a steady growth y-o-y, and it is expected to boost the nitrite market during the forecast period.
- Nitrites aid in mineral separation during ore processing and are crucial components in mining explosives. With India's mining sector expanding by approximately 12% in FY2022, as per the Department for Promotion of Industry and Internal Trade (India), it's anticipated to boost the nitrite market.
- Agriculture is the major source of livelihood for approximately 58% of the population in India. According to the India Brand Equity Foundation (IBEF), the gross value added by agriculture (along with fishing and forestry) was around USD 472.47 billion in the financial year 2022.
- The consumption of nitrites across sectors like agriculture, pharmaceuticals, construction, and others is anticipated to rise in the region during the forecast period. Owing to all the factors mentioned above, the nitrite market is estimated to increase in the region during the forecast period.
Nitrite Industry Overview
The nitrite market is fragmented in nature. Some major players are BASF SE, Shandong Hailan Chemical Industry Co., Ltd, Deepak Nitrite Limited, Anmol Chemicals Group, and Finoric LLC, among others.
Nitrite Market Leaders
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BASF SE
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Shandong Hailan Chemical Industry Co., Ltd
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Deepak Nitrite Limited
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Anmol Chemicals Group
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Finoric LLC
*Disclaimer: Major Players sorted in no particular order
Nitrite Market News
- May 2023: BASF initiated a pilot project named "climate-smart meat" in collaboration with Danish Crown, Europe's leading producer of pork products. The aim is to showcase that BASF's nitrification inhibitors can decrease nitrous oxide emissions by as much as 50% when used in fertilizer for cultivating feed crops. This innovation results in a 3-5% reduction in the carbon footprint per kilogram of pork. The project involves 84 farmers across more than 20,000 hectares in Denmark, which is expected to drive the nitrite market during the forecast period.
- July 2022: BASF SE collaborated with Häffner GmbH & Co. KG to serve as a distribution partner for marketing Sodium Nitrate and Nitrite in quantities below 20 tonnes.
- July 2022: Deepak Nitrite Ltd and Deepak Phenolics Ltd invested USD 18.18 million in greenfield projects focused on producing high-value solvents crucial for life sciences, especially in pharmaceuticals and agrochemicals, thereby driving the nitrite market.
Nitrite Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand from the Agriculture Sector
- 4.1.2 Increasing Demand for Industrial Applications Like Chemical Synthesis, Construction, Metallurgy, and Pharmaceuticals
- 4.1.3 Increasing Need for Meat Preservation
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4.2 Restraints
- 4.2.1 Negative Effects of Nitrite
- 4.2.2 Threat of Substitutes Like Natural or Organic in Few Applications
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 Type
- 5.1.1 Calcium Nitrite
- 5.1.2 Potassium Nitrite
- 5.1.3 Sodium Nitrite
- 5.1.4 Other Types (Ammonium Nitrite and Barium Nitrite)
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5.2 Application
- 5.2.1 Agriculture
- 5.2.2 Food and Beverages
- 5.2.3 Healthcare
- 5.2.4 Construction
- 5.2.5 Pharmaceutical
- 5.2.6 Metallurgy
- 5.2.7 Other Applications (Water Treatment, Photography, and Analytical Chemistry)
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Anmol Chemicals Group
- 6.4.2 BASF SE
- 6.4.3 Deepak Nitrite Limited
- 6.4.4 Finoric LLC
- 6.4.5 Forbes Pharmaceutical
- 6.4.6 Hualong Nitrite Limited
- 6.4.7 Linyi Kemele Chemical Co. Ltd
- 6.4.8 Linyi Luguang Chemical Co. Ltd
- 6.4.9 MUBY CHEMICALS
- 6.4.10 Shandong Hailan Chemical Industry Co. Ltd
- 6.4.11 Surpass Chemical Company Inc.
- 6.4.12 Thatcher Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. Investing In R&D for Safer Nitrite Alternatives
9. Other Opportunities
Nitrite Industry Segmentation
Nitrite is the nitrogen oxoanion formed by losing a proton from nitrous acid. It has a role as a human metabolite. Nitrite is the active curing ingredient responsible for preserving the food with other ingredients, such as salt.
The nitrite market is segmented by type, application, and geography. By type, the market is segmented into sodium nitrite, potassium nitrite, calcium nitrite, and other types (ammonium nitrite and barium nitrite). By application, the market is segmented into agriculture, food and beverages, healthcare, construction, pharmaceutical, metallurgy, and other applications (water treatment, photography, and analytical chemistry). The report also covers the market size and forecasts for the nitrite market in 15 countries across major regions.
For each segment, the market sizing and forecasts have been done on the basis of volume (tons).
| Type | Calcium Nitrite | |
| Potassium Nitrite | ||
| Sodium Nitrite | ||
| Other Types (Ammonium Nitrite and Barium Nitrite) | ||
| Application | Agriculture | |
| Food and Beverages | ||
| Healthcare | ||
| Construction | ||
| Pharmaceutical | ||
| Metallurgy | ||
| Other Applications (Water Treatment, Photography, and Analytical Chemistry) | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Nitrite Market Research FAQs
How big is the Nitrite Market?
The Nitrite Market size is expected to reach 2.21 million tons in 2024 and grow at a CAGR of greater than 4% to reach 2.70 million tons by 2029.
What is the current Nitrite Market size?
In 2024, the Nitrite Market size is expected to reach 2.21 million tons.
Who are the key players in Nitrite Market?
BASF SE, Shandong Hailan Chemical Industry Co., Ltd, Deepak Nitrite Limited, Anmol Chemicals Group and Finoric LLC are the major companies operating in the Nitrite Market.
Which is the fastest growing region in Nitrite Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Nitrite Market?
In 2024, the Asia Pacific accounts for the largest market share in Nitrite Market.
What years does this Nitrite Market cover, and what was the market size in 2023?
In 2023, the Nitrite Market size was estimated at 2.12 million tons. The report covers the Nitrite Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nitrite Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Nitrite Industry Report
Statistics for the 2024 Nitrite market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nitrite analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
