Global Sodium Methoxide market 2024-2030
Description
Sodium methoxide commonly known as sodium methylate, is created by an exothermal reaction between the molecules of sodium and methanol, it has white to pale yellow powder like appearance, it is odorless and at the same time flammable but not explosive. Its molecular formula is CH3ONa.
Sodium methylate is used in multiple products the primary use of this product can be seen in biodiesel. Apart from biodiesel, it is also used in pharmaceutical, agrochemical, plastic and polymers, personal care industries and analytical reagent. The main reason for its usage in so many sectors is due to its unique quality of acting as a catalyst. Thus it makes its importance known in many industries.
The report on global sodium methoxide market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global sodium methoxide market is growing its area and effective sphere of influence very fast and is gaining popularity. This global sodium methoxide market is expected to reach the levels of US $ xxxx billion dollars by the end of 2023, as compared to US $ xxxx billion dollars in 2018 registering an impressive growth rate of xx% annually.
Sodium methyl is used as a catalyst, this quality of sodium methyl makes it adaptable in most of the industry.Sodium methyl’s usage in the production of biodiesel has increased its demand, biodiesel being an eco-friendly product makes it an eye-catcher for the government bodies. Thus, the government also takes initiatives to help these industries, thushelping the sodium methyl market to grow. Also, the usage of sodium methyl as a catalyst in edible oil processing, synthetic detergent and grease will also help with the growth of this industry. Another reason for its increase will be the reducing usage of mercury.As nowadays people are looking for alternatives of mercury and sodium methyl hits the spot being a perfect substitute for mercury.
The main shortcoming for sodium methylate is that the raw materials are costly, thus making its production very expensive and also acting as an impediment to growth for sodium methylate market.
One of the significant areas for the sodium methyl market is the Asia Pacific, where in particular China is a dominant market for this chemical. China is the largest producer and consumer of sodium methylate. Indian and Japan are right behind China for sodium methylate market. Asia Pacific is said to have a positive CAGR for the forecasted period as there is an increase in the demand for chemical and pharmaceutical Industries. Europe follows North America regarding consumption of sodium methylate as there is grand capacity for biofuels in the developed countries of this region. The increasing demand for biofuels has drastically increased the demand for sodium methylate. Europe government has taken initiatives and has encouraged the use of biofuels in its countries, thus increasing the demand for sodium methylate.
The major players in the market are BASF SE, Evonik Industries, E. I. du Pont de Nemours and Company, Anhui Jinbang Medicine Chemical Co. Ltd., DezhouLongteng Chemical Co. Ltd., and Inner Mongolia Lantai Industries Co. Ltd.
The research procedure starts with the bifurcation of different market segments of global sodium methoxide market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across global sodium methoxide industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (35%), Suppliers (30%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (30%), Europe (35%)
By designation:
Top level (40%), Operation level (30%), Mid-level (30%)
Contents of the report:
Sodium methylate is used in multiple products the primary use of this product can be seen in biodiesel. Apart from biodiesel, it is also used in pharmaceutical, agrochemical, plastic and polymers, personal care industries and analytical reagent. The main reason for its usage in so many sectors is due to its unique quality of acting as a catalyst. Thus it makes its importance known in many industries.
The report on global sodium methoxide market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global sodium methoxide market is growing its area and effective sphere of influence very fast and is gaining popularity. This global sodium methoxide market is expected to reach the levels of US $ xxxx billion dollars by the end of 2023, as compared to US $ xxxx billion dollars in 2018 registering an impressive growth rate of xx% annually.
Sodium methyl is used as a catalyst, this quality of sodium methyl makes it adaptable in most of the industry.Sodium methyl’s usage in the production of biodiesel has increased its demand, biodiesel being an eco-friendly product makes it an eye-catcher for the government bodies. Thus, the government also takes initiatives to help these industries, thushelping the sodium methyl market to grow. Also, the usage of sodium methyl as a catalyst in edible oil processing, synthetic detergent and grease will also help with the growth of this industry. Another reason for its increase will be the reducing usage of mercury.As nowadays people are looking for alternatives of mercury and sodium methyl hits the spot being a perfect substitute for mercury.
The main shortcoming for sodium methylate is that the raw materials are costly, thus making its production very expensive and also acting as an impediment to growth for sodium methylate market.
One of the significant areas for the sodium methyl market is the Asia Pacific, where in particular China is a dominant market for this chemical. China is the largest producer and consumer of sodium methylate. Indian and Japan are right behind China for sodium methylate market. Asia Pacific is said to have a positive CAGR for the forecasted period as there is an increase in the demand for chemical and pharmaceutical Industries. Europe follows North America regarding consumption of sodium methylate as there is grand capacity for biofuels in the developed countries of this region. The increasing demand for biofuels has drastically increased the demand for sodium methylate. Europe government has taken initiatives and has encouraged the use of biofuels in its countries, thus increasing the demand for sodium methylate.
The major players in the market are BASF SE, Evonik Industries, E. I. du Pont de Nemours and Company, Anhui Jinbang Medicine Chemical Co. Ltd., DezhouLongteng Chemical Co. Ltd., and Inner Mongolia Lantai Industries Co. Ltd.
The research procedure starts with the bifurcation of different market segments of global sodium methoxide market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across global sodium methoxide industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (35%), Suppliers (30%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (30%), Europe (35%)
By designation:
Top level (40%), Operation level (30%), Mid-level (30%)
Contents of the report:
- Insights on the global sodium methoxide Industry dynamics
- Current Estimation of the global sodium methoxide market size in terms of value and volume
- Global sodium methoxide market breakup based on product type and application.
- Authenticated global sodium methoxide market forecast for the next five years
- Comprehensive analysis of the key companies operating across different nodes of global sodium methoxide industry value chain.
Table of Contents
- 1. Introduction
- Purpose of the report
- Research methodology
- Executive summary
- 2. Product Overview
- Product analysis
- Portfolio analysis of top companies
- Value chain analysis
- Market dynamics
- 3. Global Market Analysis
- Global sodium methoxide market size (2024–2030)
- By value
- By volume
- Global sodium methoxide market share (2024–2030)
- oBy product type
- By application
- By company
- By geography
- 4. North America Market Analysis
- North America sodium methoxide market size (2024–2030)
- By value
- By volume
- North America sodium methoxide market share (2024–2030)
- oB y product type
- By application
- By company
- By geography
- 5. Europe Market Analysis
- Europe sodium methoxide market size (2024–2030)
- By value
- By volume
- Europe sodium methoxide market share (2024–2030)
- oB y product type
- By application
- By company
- By geography
- 6. Asia-Pacific Market Analysis
- Asia-Pacific sodium methoxide market size (2024–2030)
- By value
- By volume
- Asia-Pacific sodium methoxide market share (2024–2030)
- oB y product type
- By application
- By company
- By geography
- 7. Middle East Market Analysis
- Middle East sodium methoxide market size (2024–2030)
- By value
- By volume
- Middle East sodium methoxide market share (2024–2030)
- oBy product type
- By application
- By company
- By geography
- 8. Africa Market Analysis
- Africa sodium methoxide market size (2024–2030)
- By value
- By volume
- Africa sodium methoxide market share (2024–2030)
- oBy product type
- By application
- By company
- By geography
- 9. Latin America Market Analysis
- Latin America sodium methoxide market size (2024–2030)
- By value
- By volume
- Latin America sodium methoxide market share (2024–2030)
- oBy product type
- By application
- By company
- By geography
- 10. Competitive Intelligence
- BASF SE
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 2
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 3
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 4
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 5
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 6
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 7
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 8
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 9
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- 11. Appendix
- Primary research breakup
- List of interview participants
- Discussion guide
- Interview transcript
- About Market Krystal team
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