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Sodium Methylate Market Analysis by Top Manufacturers – Evonik Industries AG, Brenntag NV, Desatec

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Sodium Methylate Market Analysis by Top Manufacturers – Evonik Industries AG, Brenntag NV, Desatec

September 26
19:06 2022
Sodium Methylate Market Analysis by Top Manufacturers - Evonik Industries AG, Brenntag NV, Desatec
Sodium Methylate Market
An increase in demand for sodium methylate in pharmaceutical industries is a significant factor estimated to drive the market demand.

The global Sodium Methylate market is expected to reach USD 219.3 Million by 2028, according to a new report by Reports and Data. Sodium methylate, also popularly known as sodium methoxide with the chemical formula of CH3ONa, may be produced as a result of an exothermic reaction between elemental sodium and methanol. Commercially, sodium methylate can be obtained either in solid or liquid (solution) form. Usually, sodium methylate is sold as a 25% to 30% solution in methanol for use in several applications, like the production of vitamin A1, B1, sulfadiazine, trimethoprim, and analytical agents among others. It is also used extensively as a catalyst in the production of bio-diesel.

Click the link to get a Sample Copy of the Report:@ https://www.reportsanddata.com/sample-enquiry-form/1292

Top Key participants include- Evonik Industries AG, Brenntag NV, Desatec, American Elements, TGV Group, MSSA, BASF SE, Supra Group of Companies, FRP Services & Company, and DuPont among others.

Further key findings from the report suggest

  • Powdered sodium methylate is expected to dominate the market with a growth rate of 2.4% during the forecast period. The market dominance of the powdered form is owing to its increasing applications in pharmaceuticals, perfumes, dyes, and organic intermediates. It is used extensively as a catalyst in the production of biodiesel. Sodium methylate in solution form is a versatile intermediate and finds application in a variety of organic syntheses.
  • Pharmaceutical industry contributed to the largest market share in 2020 and is projected to grow at a rate of 2.4% during the forecast period. The growth of the pharmaceuticals industry with increased healthcare spending is anticipated to drive the demand for sodium methylate during the period 2019-2028.
  • The bio-energy industry is projected to witness the fastest growth rate of 2.5% in the forecast period attributing to increasing demand for biodiesel in the transportation industry.
  • The markets in the regions of North America and Europe are expected to witness significant growth in the forecast period owing to the increasing application of sodium methylate in the pharmaceuticals industry. Moreover, the growing preference for biodiesel in the transportation sector due to an increase in environmental regulations to curb CO2 emissions is forecasted to drive the market growth in these regions during the forecast period.

Type Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • Powder Sodium Methylate
  • Liquid (Solution) Sodium Methylate

Packaging Type Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • Drums
  • Bulk Containers
  • Glass Bottles

Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • Catalyst
  • Precipitant

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of the Sodium Methylate Market

– Changes in industry market dynamics

– Detailed market segmentation by type, application, etc.

– Historical, current and projected market size in terms of quantity and value

– Recent industry trends and developments

– Competition situation of Sodium Methylate Market

– Key companies and product strategies

– Potential niche segment/region showing promising growth.

Finally, the Sodium Methylate Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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About Us:Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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