Sodium Methylate Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The global Sodium Methylate market is projected to grow at a CAGR of 6.7% during the forecast period and was valued at USD 5 billion in 2017.
Sodium Methylate Market Overview:
Sodium methoxide (CHOna), also known as sodium methoxide, is a widely used chemical reagent and catalyst. White amorphous powder obtained by deprotonation of methanol. It is mainly used as a reagent in various industries and laboratories.
Sodium methoxide reacts with water to form sodium hydroxide and methanol. Sodium methoxide is used as a catalyst for the production of biodiesel.
The main advantage of sodium methoxide is that it contains almost no water as a catalyst solution, which results in low purification costs, high yields and stable quality of biodiesel.
Sodium Methylate market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Sodium Methylate market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Sodium Methylate market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Industry News and Key Developments
- October 2021 - BASF, the renowned German chemicals firm, has restarted with the production of different alcoholates at the Ludwigshafen plant. These alcoholates are deployed as catalysts to develop biodiesel, and the production is expected to begin in the second half of 2022.
- BASF had confirmed force majeure on the manufacturing of sodium methylate, sodium ethylates as well as potassium methylate solutions & crystals post fire at its German plant in August 2021. However, it has now begun with the rebuilding of the sections that were damaged in the fire.
- The company is striving to source sodium methylate and other alcoholates from the worldwide industry over the repair period and plans to import sodium methylates from its manufacturing unit in Brazil.
- January 2020, a German Company named Evonik, in collaboration discovered a new multi-purpose silica plant in Geesthacht of the region of Germany.
Top Key Players include in the Sodium Methylate Market are
BASF, Evonik Industries, DuPont, Anhui Jinbang Medicine Chemical, Zibo Xusheng Chemical, Dezhou Longteng Chemical, Inner Mongolia Lantai Industrial, and others.
The Sodium Methylate market research report is categorized based on type, applications and region.
On the Basis of Type:
- Solid Sodium Methylate
- Liquid Sodium Methylate
On the Basis of Application:
- Plastics and Polymers
- Personal Care
- Analytical Reagent
On the Basis of Region:
Geographically, the global Sodium Methylate market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Sodium Methylate region is dominating this market in the upcoming future.
Asia Pacific dominated the global market in 2019, led by the presence of key manufacturers as well as growing trade activities from China
Expansion of automotive and transportation industries in Asia Pacific is likely to boost the sodium methylate market in the region
North America also held vital share of the global sodium methylate market in 2019
The market in Europe is expected to expand at a fast-paced CAGR during the forecast period, owing to the rise in demand for biodiesel across the region.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Sodium Methylate Market report scope
CAGR of 6.7% during the forecast period.
Solid Sodium Methylate, Liquid Sodium Methylate
Pharmaceutical, Agrochemicals, Plastics and Polymers, Personal Care, Analytical Reagent, Biodiesel
BASF, Evonik Industries, DuPont, Anhui Jinbang Medicine Chemical, Zibo Xusheng Chemical, Dezhou Longteng Chemical, Inner Mongolia Lantai Industrial
Regions and Countries Covered
2017 to 2022
2023 to 2030
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Sodium Methylate market?
Who are the key vendors of the global Sodium Methylate market?
What are the leading key industries of the global Sodium Methylate market?
Which factors are responsible for driving the global Sodium Methylate market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
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