Increased vitamin production to require robust sodium

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Tokyo, Oct. 14, 2022 (GLOBE NEWSWIRE) — Fact.MR’s latest research report on the Global Sodium Methylate Market offers an elaborate analysis of the major segments in terms of form, packaging gender, application, end-use industry, and region. It also provides detailed information about the key players and the vital strategies adopted by them to win a competitive advantage.

Fact.MR – A market research and competitive intelligence provider: The global sodium methoxide market is expected to grow by more than 3% during the forecast period (2018 – 2027). The need for chemicals used in the production of chemical fibers and dyes, oil processing, and medicinal formulations that require catalytic reactions are some of the major factors that have led to the expansion of the methoxide market. sodium.

Moreover, the sodium methylate market is expected to grow throughout the forecast period owing to the growing demand from several applications, especially pharmaceutical and food and beverage sectors. In the commercial electrolytic method which uses an inert gas, sodium methoxide is made from sodium chloride and methanol.

The global sodium methoxide market will also be boosted by its use as a catalyst in the biodiesel sector. However, sodium methylate is considered a common catalyst in the manufacture of biodiesel and is very reactive with oxygen.

In order to prevent it from decomposing into sodium hydroxide and methanol at high temperatures, it is kept away from moisture, water or air. The increasing amount of biodiesel that can be produced due to high fuel demand and government initiatives in some countries to blend it with other fuels is also expected to support growth. The demand for sodium methylate has increased due to the increase in biodiesel production capacity of various companies.

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The pharmaceutical sector accounted for a significant share of the sodium methylate market. The production of several molecules, ranging from drugs to agrochemicals, is possible using sodium methoxide. It is used in the pharmaceutical sector to produce a large number of vitamins, including vitamin B1, vitamin A1, trimethoprim and sulfadoxine.

Asia-Pacific is expected to dominate the sodium methylate market over the next decade. The sodium methoxide market is expected to be driven by the increasing use of this chemical in the bioenergy sector in both developed and emerging countries like China and India. Manufacturers are using advanced technology to produce sodium methylate to appeal to a variety of end-use sectors and increase their market share and profit margins globally.

Key points to remember:

  • The Asia-Pacific market, excluding Japan, is poised to grow 1.5x to 2027.
  • Europe currently dominates the sodium methylate market with a share of over 35%.
  • In Asia-Pacific, China is expected to take the lion’s share among the presence of a large number of chemical manufacturers.
  • Latin America, the Middle East and Africa are expected to show sustained growth thanks to the continued development of new manufacturing facilities.
  • The sodium methylate market in North America is expected to grow 1.3 times over the forecast period (2018-2027).

Growth drivers:

  • The increasing use of sodium methoxide as a catalyst in various applications such as synthetic detergents, grease and oil processing is expected to aid growth.
  • The use of sodium methoxide for the synthesis of several compounds, ranging from agrochemicals to pharmaceuticals, is expected to boost growth.

Constraints:

  • The presence of mercury in sodium methoxide can lead to breathing difficulties, itching and heart problems, which can hamper its application.
  • The high price of methanol and sodium metal used for the production of sodium methoxide may hamper the market.

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Competitive Landscape:

The major players in the Sodium Methylate 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 develop innovative products to meet the changing needs of their customers.

For instance,

  • In April 2018, BASF announced that its sodium methylate plant in Brazil will be able to produce more products. A 30% increase in capacity will be achieved from the current 60,000 metric tons to 80,000 metric tons. The plant will start operating in 2020 with the added capacity.
  • In January 2020, a new silica plant with multiple applications has been discovered in the German region of Geesthacht by the company Evonik.

Top Companies Featured by Fact.MR

  • BASF SE
  • Evonik Industries
  • EI du Pont de Nemours and company
  • Anhul jinbang Medicines Chemical Co. Ltd.
  • Zibo Xusheng Chemical Co.Ltd.
  • Inner Mongolia Lantal Industrial Co. Ltd.
  • Supra group of companies
  • Desatec
  • Senxuan

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More Valuable Insights into the Sodium Methoxide Market

In the latest study, Fact.MR offers a detailed study on the global Sodium Methoxide market for the forecast period 2018 to 2027. This study also highlights the key drivers driving the sales of Sodium Methoxide through segmentation detailed as follows:

By form:

  • Amorphous powder
  • Aqueous solution

By type of packaging:

  • Drums
  • Bulk containers
  • Glass bottles

Per application:

By end-use industry:

  • Bio-energy
  • Life sciences and pharmaceuticals
  • Agriculture
  • Metallurgy
  • Mining
  • petroleum gas
  • Personal care
  • Others (Plastics, Paint, Transport & Machinery)

By region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa.

Key Questions Answered in the Sodium Methoxide Report

  • What is the projected value of the sodium methoxide market in 2018?
  • At what rate will Global Sodium Methylate Market grow up to 2027?
  • What are the factors hindering the growth of the Sodium Methylate market?
  • Which region is expected to lead the global sodium methylate market during the period 2018-2027?
  • What are the factors driving the sodium methylate market during the forecast period?
  • What is the expected market value of the Sodium Methylate market during the forecast period?

Discover Fact.MR’s coverage in the field of chemistry and materials

Sodium Ethyl Phydroxybenzoate Market: The global sodium ethyl p-hydroxybenzoate market is expected to grow rapidly owing to its increasing use in various food products such as fruit juices and jelly. Since sodium is a necessary mineral, the demand for sodium ethyl p-hydroxybenzoate is also expected to remain stable.

Sodium Sulphite Market: The global sodium sulfite market exhibited a CAGR of 1.1% during the historic period from 2015 to 2019. Growing demand for solar energy is expected to drive the global market over the next decade. The sodium sulfite market is mainly driven by the growing demand for preservatives in packaged foods, drugs and cosmetics.

sodium chlorate market: According to Fact.MR, the sodium chlorate market has shown steady growth at a CAGR of 4.1% over the past half-decade. The growth is attributed to the growing demand for pulp and paper in cartons, hygiene products and chemical production.

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