Increasing Vitamin Production Needs Strong Sodium Methoxide Market Demand At 3% CAGR Through 2027

The global sodium methoxide market is expected to expand by more than 3% during the forecast period (2018-2027). The need for chemicals used in the production of chemical fibers and dyes, oil treatment and pharmaceutical formulations requiring catalysis are some of the major factors driving the expansion of the sodium methoxide market.

Additionally, the sodium methoxide market is expected to expand during the forecast period owing to increasing demand from several application segments, particularly pharmaceutical and agriculture-based sectors. In commercial electrolysis methods using an inert gas, sodium methoxide is made from sodium chloride and methanol.

The global sodium methoxide market will also be driven by its use as a catalyst in the biodiesel sector. However, sodium methoxide is considered a common catalyst in biodiesel production and is highly reactive towards oxygen.

It is kept away from moisture, water or air to prevent decomposition to sodium hydroxide and methanol at high temperatures. The growing amount of biodiesel that can be produced as a result of high demand for the fuel and government initiatives in some countries to blend it with other fuels will also aid growth. The increasing biodiesel production capacity of various companies has increased the demand for sodium methylate.

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The pharmaceutical segment accounted for a significant portion of the sodium methoxide market. The production of many molecules, from pharmaceuticals to pesticides, is possible using sodium methoxide. It is used in the pharmaceutical sector to produce many vitamins including vitamin B1, vitamin A1, trimethoprim and sulfadoxine.

Asia Pacific will dominate the sodium methoxide market over the next decade. The sodium methoxide market is expected to be driven by the growing use of the chemical in the bioenergy sector in both developed and emerging countries such as China and India. Manufacturers are utilizing state-of-the-art technology to produce sodium methoxide to attract diverse end-use segments and increase their market share and profitability margins worldwide.

Main Content:

The Asia-Pacific sodium methoxide market excluding Japan is poised to expand 1.5-fold by 2027.
Europe currently dominates the sodium methoxide market with a share of over 35%.
In the Asia-Pacific region, China is expected to account for the largest share, with a large number of chemical manufacturers present.
Latin America and the Middle East & Africa are expected to show steady growth with continued development of new manufacturing facilities.
The North American sodium methoxide market is expected to grow by 1.3x over the forecast period (2018-2027).

Growth drivers:

The growing use of sodium methoxide as a catalyst in various applications such as synthetic detergents, grease and oil treatment will aid its growth.
The use of sodium methoxide for the synthesis of several compounds, from pesticides to pharmaceuticals, is set to promote growth.

Competition landscape:

Leading players in the sodium methoxide market are likely to adopt a wide range of development tactics such as product launches, product approvals, mergers and acquisitions, collaborations and joint ventures. They are developing innovative products to meet the changing needs of their customers.

for example,

In April 2018 ,BASF announced that it would be able to produce more products at its sodium methoxide facility in Brazil. Capacity will increase by 30% from the current 60,000 metric tons to 80,000 metric tons. The plant will start operating in 2020 with additional capacity.
In January 2020,Evonik discovered a new silica plant for multiple uses in Geesthacht, Germany.

Top Companies Profiled by Fact.MR

BASF SE
evonic industries
EI du Pont de Nemours and Company
Anhul Jinbang Pharmaceutical Chemical Co., Ltd.
Zibo Xusheng 화학 Ltd.
Inner Mongolia Ranthal Industrial Co. , Ltd.
supra group company
Desatec
Shen Xuan

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More Valuable Insights on Sodium Methoxide Market

In its latest study, Fact.MR provides a detailed study of the global sodium methoxide market for the forecast period of 2018 to 2027. The study also highlights key drivers driving sodium methoxide sales with detailed segmentation as follows:

By form:

amorphous powder
aqueous solution
By packaging type:

drum
bulk container
glass bottle
application:

catalyst
precipitation
By end-use industry:

bio energy
life sciences and pharmaceuticals
Agriculture
metallurgy
mining
oil and gas
personal care
Others (plastics, painting, transport and machinery)
By region:

North America
Latin America
europe
Asia Pacific
Middle East and Africa.

Key Questions Addressed in the Sodium Methoxide Report

What is the expected value of the sodium methoxide market in 2018?
At what rate will the global sodium methoxide market grow by 2027?
What are the factors impeding the growth of the sodium methoxide market?
Which region is expected to dominate the global sodium methoxide market during 2018-2027?
What are the factors driving the sodium methoxide market during the forecast period?
What will be the estimated market value of the sodium methoxide market during the forecast period?

Check out more related studies published by Fact.MR Research. Expand-At-A-CAGR-Of-2-5-To-Reach-A-Valuation-Of-US-1-3-Billion-In-2033-States-Fact-MR.html

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