Global Sodium Methylate Market Revenue, Regional & Country Share, Key Factors, Trends & Analysis, To 2028

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Global Sodium Methylate Market is expected to reach USD 219.3 Million by 2028, according to a new report by Reports and Data. Global Sodium Methylate, also popularly known as sodium methoxide with the chemical formula of CH3ONa, may be produced as a result of an exothermic reaction between elemental sodium and methanol. Commercially, Global Sodium Methylate can be obtained either in solid or liquid (solution) form. Usually, Global Sodium Methylate is sold as a 25% to 30% solution in methanol for use in several applications, like the production of vitamin A1, B1, sulfadiazine, trimethoprim, and analytical agents among others. It is also used extensively as a catalyst in the production of bio-diesel.

An increase in demand for Global Sodium Methylate as a base, nucleophile, catalyst, reagent to carry out numerous chemical reactions in organic chemistry is anticipated to stimulate market growth. Further, a growth in the implementation of this chemical in the pharmaceutical industry in the production of vitamins, Sulfadoxine, Sulfadiazine, Trimethoprim, etc., is driving the market demand. Widespread application in grease, and synthetic detergents synthesis, and edible oil processing, is projected to drive the market growth in the upcoming years. Also, the rise in global demand for biodiesel supported by favorable government initiatives in many countries is forecasted to push the market growth during the forecast period.

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Top Companies Profiled in the Report:

Evonik Industries AG, Brenntag NV, Desatec, American Elements, TGV Group, MSSA, BASF SE, Supra Group of Companies, FRP Services & Company, and DuPont among others.

Further key findings from the report suggest:

Powdered Global Sodium Methylate is expected to dominate the market with a growth rate of 2.4% during the forecast period. The market dominance of the powdered form is owing to its increasing applications in pharmaceuticals, perfumes, dyes, and organic intermediates. It is used extensively as a catalyst in the production of biodiesel. Global Sodium Methylate in solution form is a versatile intermediate and finds application in a variety of organic syntheses.

Pharmaceutical industry contributed to the largest market share in 2020 and is projected to grow at a rate of 2.4% during the forecast period. The growth of the pharmaceuticals industry with increased healthcare spending is anticipated to drive the demand for Global Sodium Methylate during the period 2019-2028.

The bio-energy industry is projected to witness the fastest growth rate of 2.5% in the forecast period attributing to increasing demand for biodiesel in the transportation industry.

The markets in the regions of North America and Europe are expected to witness significant growth in the forecast period owing to the increasing application of Global Sodium Methylate in the pharmaceuticals industry. Moreover, the growing preference for biodiesel in the transportation sector due to an increase in environmental regulations to curb CO2 emissions is forecasted to drive the market growth in these regions during the forecast period.

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Market Overview:

The global materials & chemicals industry involves the production, distribution, sales, and consumption of industrial chemicals, specialty chemicals, commodity (bulk) chemicals, and raw materials such as natural gas, oil, paper & pulp, and metals & minerals. Growth of the global materials & chemicals industry is mainly attributed to fast-paced industrialization and extensive usage of bulk petrochemicals, electronic chemicals, polymers, inorganic chemicals, fertilizers, adhesives, sealants, coatings, and various other products in different industries including oil & gas, pharmaceutical, food & beverage, cosmetics & personal care, textile, manufacturing, petrochemical, and water and wastewater treatment industries. Technological innovations in the electronics and semiconductor industries, rising demand for nanomaterials, and increasing preferences for environmentally sustainable chemicals and materials are other major factors contributing to the global materials & chemicals industry growth.

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Global Global Sodium Methylate Market Segmentation:

Type Outlook

Powder Global Sodium Methylate

Liquid (Solution) Global Sodium Methylate

Packaging Type Outlook

Drums

Bulk Containers

Glass Bottles

Application Outlook

Catalyst

Precipitant

Regional Analysis covers:

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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