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Wednesday, October 12, 2022

Global Sodium Methoxide Market Size To Grow At A CAGR Of 3.5% In The Forecast Period Of 2022-2027

The ‘Global Sodium Methoxide Market Size, Share, Price, Analysis, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global sodium methoxide market, assessing the market on the basis of its segments like forms, applications, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

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Sodium Methoxide Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2022-2027): 3.5%

Sodium methoxide is used extensively to manufacture pharmaceutical products including Vitamin A1, B1, sulfamethoxypyridazine, sulfadiazine, and trimethoprim, among others. Hence, the thriving pharmaceutical industry due to the increasing deficiency of vitamins and minerals among working adults, is propelling the demand for sodium methoxide. Increasing demand for vitamin tablets among bodybuilders is bolstering the sodium methoxide market growth.

Additionally, sodium methoxide is crucial for the production of biodiesel which is witnessing a heightening demand across the automotive industry. The shift towards biodiesel by automobiles to curb emissions of CO2 is further bolstering the demand for the sodium methoxide market.

Meanwhile, sodium methoxide is also used in the food and beverage industry as a food colourant and flavouring agent. In this regard, the growing expansion of the food industry owing to the rising population and increasing disposable income is providing impetus to the market.

In terms of regions, the Asia Pacific occupies a leading share in the sodium methoxide market owing to the high growth opportunities offered to the end use industries due to the steady economic growth of emerging economies like India and China. The thriving chemical industry across the region is likely to bolster the value chain of the product, thereby, encouraging market growth.

Sodium Methoxide Industry Definition and Major Segments

Sodium methoxide is defined as a chemical compound which appears in the form of a white amorphous powder. With a molecular weight of 54.024, its reaction with water is exothermic, and forms sodium hydroxide. Sodium methoxide in powdered form is utilised in various industries including pharmaceutical, personal care, and biodiesel, among others.

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Based on form, the market can be segmented into:

  • Solid
  • Liquid

The market can be broadly categorised based on application into:

  • Pharmaceuticals
  • Plastic and Polymers
  • Agrochemicals
  • Analytical Reagent
  • Personal Care
  • Biodiesel
  • Others

On the basis of region, the market can be categorised into:

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

Sodium Methoxide Market Trends

The growing research and development activities in the pharmaceutical sector are crucial trends in the sodium methoxide market. The growing prevalence of chronic diseases such as cancer and tuberculosis are encouraging the sale of end use pharma products of sodium methoxide. In addition, the increasing healthcare expenditure and rising per capita income are leading to a heightened penetration of sodium methoxide in the industry.

Sodium methoxide is also used as a major component in the manufacturing of cosmetics and beauty products. Hence, the thriving personal care industry is likely to be a key trend in the market. The growing expansion of the e-commerce industry, coupled with the rising purchasing power of the population is further boosting the sale of superior quality personal care products. The increasing hygienic awareness post pandemic is further providing impetus to the sodium methoxide market.

Furthermore, sodium methoxide is a key ingredient in the manufacturing process of plastics and polymers. Therefore, the increasing application of these in industries such as building, construction, and automotive, is a crucial sodium methoxide demand generating trend. The rapid industrialisation, urbanisation, and increasing expansion of industries such as healthcare across the developing countries are some of the trends which are likely to aid the demand for sodium methoxide in the coming years.

Key Market Players

The major players in the sodium methoxide market report are BASF SE, Anhui Jinbang Medicine Chemical Co., Ltd, Evonik Industries AG, Inner Mongolia Lantai Industrial Co. Ltd, Allegro Specialty Chemicals Pvt Ltd, and Kimia Pars Co., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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