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Global Sodium Methylate Market Research Report—Forecast till 2025
Global Sodium Methylate Market is expected to expand at a CAGR of around 4% by the forecast period of 2019 to 2025 and was valued at USD 354.7 Million in 2018. Sodium methylate is a white amorphous fine crumb structure reacts with water to form sodium hydroxide a corrosive material and methyl alcohol, a flammable liquid. It is available in solid as well as liquid forms and created using methanol. The solid form is majorly used in the pharmaceutical and agrochemical industries whereas the liquid form is applicable in the manufacturing of biodiesel, where it is acting as a catalyst.
The global sodium methylene market has been accounted for to attain an incredible market lift owing to the rising use of sodium methylate’s in the production of biodiesel for the automotive and many other industries. However, the extensive use of sodium methylate in the pharmaceutical industry, along with the great expansion of the pharmaceutical sector across the world, is expected to propel the global market growth. Besides, the volatility in the prices of methanol, which is the main raw material for the product, is expected to hinder the growth of the global sodium methylate market during the review period. Furthermore, the rising requirement for de-carbonizing the emissions in the transportation industry, the Paris climate change objectives, and growing awareness of global warming are factors driving the demand for biofuels.
Market Segmentation
The Global Sodium Methylate Market has been categorized based on Type, Application, and Region.
Regional Analysis
Global Sodium Methylate Market has been categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
In 2018, Asia-Pacific led the global sodium methylate market and is likely to drive the market during the review period. The regional growth is driven by the emerging economies such as China, India, and Japan are witnessing rising demand for sodium methylate from various industrial verticals due to the fast industrialization rate and rising per-capita income in these countries.
In 2018, North America was contributed to the second-largest market share of the global sodium methylate market and valued USD 84.0 million. The regional market was dominated by the US regional market and is evaluated to exhibit a higher CAGR during the assessment period.
Key Players
Some of the key players operating in the Global Sodium Methylate Market are Evonik Industries AG (Germany), BASF SE (Germany), New Heaven Chemicals INC Iowa LLC (US), Zhengzhou Saihang Chemical Technology Co. Ltd (China), ANHUI JINBANG MEDICINE CHEMICAL CO., LTD (China), Inner Mongolia Lantai Industrial Co., Ltd (China), Shandong Xisace New Materials Technology Co. Ltd (China), Supra Group of Companies (India), Envirocat (France), Shandong Daze Chemical Group (China), American Elements (US), and LIAN Chemical Development Co. (Iran).
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Market Overview
Global Sodium Methylate Market is expected to expand at a CAGR of around 4% by the forecast period of 2019 to 2025 and was valued at USD 354.7 Million in 2018. Sodium methylate is a white amorphous fine crumb structure reacts with water to form sodium hydroxide a corrosive material and methyl alcohol, a flammable liquid. It is available in solid as well as liquid forms and created using methanol. The solid form is majorly used in the pharmaceutical and agrochemical industries whereas the liquid form is applicable in the manufacturing of biodiesel, where it is acting as a catalyst.
The global sodium methylene market has been accounted for to attain an incredible market lift owing to the rising use of sodium methylate’s in the production of biodiesel for the automotive and many other industries. However, the extensive use of sodium methylate in the pharmaceutical industry, along with the great expansion of the pharmaceutical sector across the world, is expected to propel the global market growth. Besides, the volatility in the prices of methanol, which is the main raw material for the product, is expected to hinder the growth of the global sodium methylate market during the review period. Furthermore, the rising requirement for de-carbonizing the emissions in the transportation industry, the Paris climate change objectives, and growing awareness of global warming are factors driving the demand for biofuels.
Market Segmentation
The Global Sodium Methylate Market has been categorized based on Type, Application, and Region.
By Type
segment, the global market has been segmented into solid and liquid. The liquid segment held a larger market share in 2018 and is estimated to register the highest CAGR of over 4% during the review period. Based on the application segment, the global market has been divided into pharmaceuticals, agrochemicals, plastics & polymers, personal care, analytical reagent, biodiesel, and others. The pharmaceuticals type held the highest market contribution in 2018 during the forecast period.Regional Analysis
Global Sodium Methylate Market has been categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
In 2018, Asia-Pacific led the global sodium methylate market and is likely to drive the market during the review period. The regional growth is driven by the emerging economies such as China, India, and Japan are witnessing rising demand for sodium methylate from various industrial verticals due to the fast industrialization rate and rising per-capita income in these countries.
In 2018, North America was contributed to the second-largest market share of the global sodium methylate market and valued USD 84.0 million. The regional market was dominated by the US regional market and is evaluated to exhibit a higher CAGR during the assessment period.
Key Players
Some of the key players operating in the Global Sodium Methylate Market are Evonik Industries AG (Germany), BASF SE (Germany), New Heaven Chemicals INC Iowa LLC (US), Zhengzhou Saihang Chemical Technology Co. Ltd (China), ANHUI JINBANG MEDICINE CHEMICAL CO., LTD (China), Inner Mongolia Lantai Industrial Co., Ltd (China), Shandong Xisace New Materials Technology Co. Ltd (China), Supra Group of Companies (India), Envirocat (France), Shandong Daze Chemical Group (China), American Elements (US), and LIAN Chemical Development Co. (Iran).
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
