Global sodium methylate market, 2024-2030

Sodium methylate is a pale yellow-to-white amorphous powder which is flammable, however it is not explosive. It is highly soluble in alcohols such as methanol and ethanol. It is widely used as a catalyst in biodiesel production. It is utilized to process edible fats and oils, and to make other chemicals. Sodium methoxide is generally sold as a 2530% solution in methanol for various applications, such as production of vitamin A1, B1, trimethoprim, sulfadiazine, analytical agents, and others.

The global sodium methylate market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global sodium methylate market is growing at a fast pace and increasing its geographical footprint rapidly. The global sodium methylate market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The demand for sodium methylate in various applications, especially in pharmaceutical and agro-based industries, and organic synthesis of various products is rising day by day and thus, driving the market growth. The demand for pharmaceuticals and chemical industries in APAC region is also driving the market growth. Moreover, growing demand for sodium methylate as a catalyst in applications, such as edible oil processing, grease, and synthetic detergents is also expected to be driving factor for the market growth.

The cost factor associated with the raw materials for the production of sodium methylate is very high which is likely to hamper the market growth.

The sodium methylate market has remarkable usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and Latin America. The key players in global sodium methylate market are BASF SE, Evonik Industries, E. I. du Pont de, Nemours and Company, Anhui Jinbang Medicine Chemical Co. Ltd., Zibo Xusheng Chemical Co. Ltd., Dezhou Longteng Chemical Co. Ltd., Inner Mongolia Lantai Industrial Co. Ltd., and so on.

Research Methodology

The research procedure begins with the bifurcation of various market segments of global sodium methylate 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 sodium methylate industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (30%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global sodium methylate industry dynamics
• Estimation of the present global sodium methylate market size in terms of value and volume
• Global sodium methylate market breakup based on type and application
• Substantiated global sodium methylate market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global sodium methylate industry value chain

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