Sodium Methylate Market Overview:
The global sodium methylate market was valued at around USD 165.8 Mn in 2018 and is expected to register a CAGR of 2.8% during the review period.
Sodium methylate, also known as sodium methoxide, methanol, or sodium salt, is a white hygroscopic powder used in organic synthesis. It is obtained by reacting sodium with methyl alcohol. It can also be produced from sodium chloride and methanol in an electrolytic process. It finds use in numerous applications including pharmaceuticals, agrochemicals, food processing, chemicals, polymers, biodiesel, and others.
However, sodium methylate is hazardous and corrosive, which has increased the environmental regulations against the use of sodium methylate by the US Environmental Protection Agency (EPA) and the European Chemicals Agency (ECHA), which is expected to hamper the growth of the global market during the forecast period.
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Sodium Methylate Market Segmentation:
The global sodium methylate market has been segmented by product type, application, and region. On the basis of product type, the global market has been segmented into sodium methylate powder and sodium methylate solution. Sodium methylate is mostly produced in powdered form as it finds increasing applications in pharmaceuticals, dyes, perfumes, and organic intermediates. Sodium methylate powder is a strong reducing agent and reacts aggressively with the oxidants. It is widely used as a catalyst in the production of biodiesel. Sodium methylate solution is a versatile intermediate that is used in a variety of organic syntheses.
Based on application, the global market has been divided into pharmaceuticals, biodiesel, life sciences, chemicals, food processing, flavor & fragrances, and others. The pharmaceuticals application segment accounted for the largest share of the global sodium methylate market in 2018. The growing pharmaceuticals industry with increased spending on healthcare is expected to fuel the demand for sodium methylate during the forecast period. The biodiesel is expected to be the fastest growing application segment in the global sodium methylate market on account of increasing demand for biodiesel in the transportation industry.
Sodium Methylate Market Key Players:
Some of the key players operating in the global sodium methylate are Evonik Industries AG (Germany), Desatec (Germany), Brenntag NV (Belgium), American Elements (US), Supra Group of Companies (India), TGV Group (India), MSSA (China), BASF SE (Germany), Inner Mongolia Lantai Industrial Co., Ltd (China), FRP Services & Company (Japan), The Good Scents Company (US), Alfa Aesar (US), Fenix Process Technologies Pvt Ltd (India), and Gelest, Inc. (US).
Sodium Methylate Market Regional Analysis:
The global sodium methylate market, by region, has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-Pacific accounted for the largest share of the global sodium methylate in 2018 and is expected to register a healthy CAGR during the review period. The increasing demand for chemicals in industries such as automotive, paints & coatings, and building & construction is likely to boost the growth of the sodium methylate market in the region.
The markets in North America and Europe are expected to witness significant growth on account of the increasing use of sodium methylate in the pharmaceuticals industry. Additionally, the growing preference for biodiesel in the transportation sector on account of increasing environmental regulations to curb CO2 emissions is likely to propel the regional market growth during the forecast period.
The Latin American and the Middle East and African markets are expected to register moderate CAGR during the review period on account of the growing industrial base and increasing per capita disposable income of consumers.
Sodium Methylate Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Sodium Methylate Market
Sodium Methylate Market Table of Content to be Continue……,
Sodium Methylate Market List of Tables:
Table 1 World Population In Major Regions (2016–2030)
Table 2 Global Sodium Methylate Market, By Region, 2016–2023
Table 3 North America: Sodium Methylate Market, By Country, 2016–2023
Table 4 Europe: Sodium Methylate Market, By Country, 2016–2023
Table 5 Asia-Pacific: Sodium Methylate Market, By Country, 2016–2023
Sodium Methylate Market List of Tables to be Continue……,
Sodium Methylate Market List of Figures:
FIGURE 1 Global Sodium Methylate Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Sodium Methylate Market
FIGURE 4 Value Chain of Global Sodium Methylate Market
FIGURE 5 Share of Global Sodium Methylate Market In 2018, By Country (%)
Sodium Methylate Market List of Figures to be Continue……,
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