Global Sodium Methylate Market was valued US$ XX Mn in 2019 and is expected to grow around US$ XX Mn by 2027, at a CAGR of around 4% during the forecast period.
Global Sodium Methylate Market
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Sodium methylate is prepared using methanol. It is commercially existing in two forms, such as solid and liquid. The solid form is pure sodium methylate and is mainly used in the pharmaceutical and agrochemical industries. The liquid form is used in the production of biodiesel, where it is used as a catalyst.
The use of sodium methylates in the production of biodiesel for the automotive and many other industries is a key driving factor in the growth of the global sodium methylate market. Also, the extensive use of sodium methylate in the pharmaceutical industry, together with the healthy growth of the pharmaceutical industry across the globe is expected to fuel the growth of the global sodium methylate market.
The demand for sodium methylate as a catalyst in applications, like edible oil processing, grease, and synthetic detergents has encouraged growth. Similarly, developing the adoption of the chemical in the pharmaceutical industry to produce vitamins, Sulfadoxine, Sulfadiazine, Trimethoprim, etc. is also pushing the growth of the market. The demand for biodiesel supported by positive government initiatives in many countries is expected to shoot the market growth in the future.
The demand for sodium methylate in the developing economies of Asia-Pacific and Latin America, like India, China, Thailand, Malaysia, Indonesia, Brazil, and Argentina, is expected to create profitable growth opportunities for the producers of the sodium methylate in the future.
On the other hand, the volatility in the prices of methanol, which is the significant raw material for the product, is likely to restrain the growth of the global sodium methylate market throughout the forecast period.
The solid segment is leading the market with the largest market share of the global market in 2018
By the type segment, the solid type segment held the largest market share of the global market in 2018, because of its applications in pharmaceuticals, perfumes, dyes, and organic intermediates. It is extensively used as a catalyst in the production of biodiesel.
Asia-Pacific is expected to hold the largest market share of XX% of the global sodium methylate market by 2027.
Region-wise, Asia-Pacific held the largest market share of the global sodium methylate market in 2018. The countries of the APAC region, such as China, India, and Japan are observing an increasing demand for sodium methylate from several industrial verticals, because of the rapid industrialization rate and growing per-capita income in these countries. The regional market is expected to account for a CAGR of XX% during the forecast period.
North America held the second-largest market share of the global sodium methylate market in 2018. The US held the largest market share of the regional market and is expected to register the highest CAGR of the global market.
In April 2019, BASF, a key player in the market announced to increase the production capacity for its sodium methylate plant in Guaratinguetá, Brazil. The capacity will upsurge by 30%, from present 60,000 metric tons to 80,000 metric tons. The new capacity will come on stream in 2020. Sodium methylate supports higher yields and low preparation cost for biodiesel.
The objective of the report is to present a comprehensive analysis of the Global Sodium Methylate Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Sodium Methylate Market dynamics, structure by analyzing the market segments and project the Global Sodium Methylate Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Sodium Methylate Market make the report investor’s guide.
Scope of the Global Sodium Methylate Market
Global Sodium Methylate Market, By Type
Global Sodium Methylate Market, By Application
- Plastics & Polymers
- Personal Care
- Analytical Reagent
Global Sodium Methylate Market, By Region
- North America
- Asia Pacific
- Middle East & Africa
- South America
Key players operating in the Global Sodium Methylate Market
- Evonik Industries AG
- BASF SE
- New Heaven Chemicals INC Iowa LLC
- Zhengzhou Saihang Chemical Technology Co. Ltd
- ANHUI JINBANG MEDICINE CHEMICAL CO., LTD
- Inner Mongolia Lantai Industrial Co., Ltd
- Shandong Xisace New Materials Technology Co. Ltd
- Supra Group of Companies
- Shandong Daze Chemical Group
- American Elements
- LIAN Chemical Development Co.
- Babcock and Wilcox Company
- Hitachi GE Nuclear Energy Ltd.For More Information:
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