Sodium Methylate Market Overview:
The global sodium methylate market was valued at around USD 165.8 Mn in 2018 and is expected to register a CAGR of 2.8% during the review period.
Sodium Methylate Market Key Players:
Some of the key players operating in the global sodium methylate are:
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Sodium Methylate Market Segmentation:
The global sodium methylate market has been segmented by product type, application, and region. On the basis of product type, the global market has been segmented into sodium methylate powder and sodium methylate solution.
Sodium methylate is mostly produced in powdered form as it finds increasing applications in pharmaceuticals, dyes, perfumes, and organic intermediates. Sodium methylate powder is a strong reducing agent and reacts aggressively with the oxidants. It is widely used as a catalyst in the production of biodiesel. Sodium methylate solution is a versatile intermediate that is used in a variety of organic syntheses.
Sodium Methylate Market Regional Analysis:
The global sodium methylate market, by region, has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-Pacific accounted for the largest share of the global sodium methylate in 2018 and is expected to register a healthy CAGR during the review period. The increasing demand for chemicals in industries such as automotive, paints & coatings, and building & construction is likely to boost the growth of the sodium methylate market in the region.
The markets in North America and Europe are expected to witness significant growth on account of the increasing use of sodium methylate in the pharmaceuticals industry. Additionally, the growing preference for biodiesel in the transportation sector on account of increasing environmental regulations to curb CO2 emissions is likely to propel the regional market growth during the forecast period.
The Latin American and the Middle East and African markets are expected to register moderate CAGR during the review period on account of the growing industrial base and increasing per capita disposable income of consumers.
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Sodium Methylate Market List of Table to be Continue...,
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