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.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Sodium Methylate Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Sodium Methylate Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. Sodium methoxide (CHOna), which is also called sodium methoxide, is a chemical reagent and catalyst that is used often. Deprotonating methanol makes a white, amorphous powder. Most of the time, it is used as a reagent in factories and labs. When you add water to sodium methoxide, you get sodium hydroxide and methanol. As a catalyst, sodium methoxide is used to make biodiesel. The best thing about sodium methoxide as a catalyst solution is that it has almost no water in it. This means that it costs less to clean, makes more biodiesel, and keeps its quality stable. Estimates and forecasts of the size of the Sodium Methylate market are given in terms of sales volume (K units) and revenue (million USD), with data from 2017 to 2030, with 2022 as the base year. This report breaks down the global Sodium Methylate market into many different segments. Regional market sizes are also given for products by type, by use, and by player. When figuring out how big the market was, we thought about how COVID-19 and other global crises would affect it. The global Sodium Methylate market is a professional and accurate study of different business perspectives, like major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been put together based on the different segments and subsegments of the global market.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Sodium Methylate Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Sodium Methylate Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries.
Based on types, the Sodium Methylate Market is segmented into:
- Solid Sodium Methylate
- Liquid Sodium Methylate
Based on application, the Sodium Methylate Market is segmented into:
- Pharmaceutical
- Agrochemicals
- Plastics and Polymers
- Personal Care
- Analytical Reagent
- Biodiesel
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Industry News and Key Developments
October 2021: The famous German chemical company BASF has started making alcoholates again at its Ludwigshafen plant. The alcoholates are used as catalysts to make biodiesel, and it is expected that production will start in the second half of 2022.
After the fire at its German plant in August 2021, BASF said that it would not be able to make sodium methylate, sodium ethylates, and potassium methylate solutions and crystals. But now they have started rebuilding the parts that were damaged by the fire.
During the repair time, the company is trying to get sodium methylate and other alcoholates from all over the world. It also plans to import sodium methylates from its factory in Brazil.
In Geesthacht, Germany, a German company called Evonik found a new silica plant that can be used for many different things in January 2020.
On the Basis of Region:
The global Sodium Methylate market has been looked at in different parts of the world, like North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India. In the near future, this market will be dominated by the global Sodium Methylate region.
Asia-Pacific led the world market in 2019, thanks to the presence of major manufacturers and China’s growing trade.
The market for sodium methylate in Asia-Pacific is likely to grow as the auto and transportation industries grow.
In 2019, North America also had a big share of the world market for sodium methylate. During the period of the forecast, the market in Europe is expected to grow at a fast CAGR. This is because the demand for biodiesel in the region is growing.
Regional Sodium Methylate Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
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- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in Sodium Methylate Market include:
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- Sodium Methylate Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
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Key Market Participants in the Sodium Methylate Market :
BASF, Evonik Industries, DuPont, Anhui Jinbang Medicine Chemical, Zibo Xusheng Chemical, Dezhou Longteng Chemical, Inner Mongolia Lantai Industrial, and others.
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