Sodium Methoxide Market Is Expected To Grow Considerably In The Near Future Due To Increased Demand In A Variety Of Applications, Particularly Pharmaceutical And Agro-Based Industries, And Organic Synthesis Of Diverse Products
In addition, it is widely used as a catalyst in biodiesel production. Sodium methoxide is very reactive to oxygen. It is therefore isolated from moisture, water or air at high temperatures (above 126 ° C) to avoid decomposition into sodium hydroxide and methanol.
The global sodium methoxide market has grown significantly over the last few years. The growing demand for sodium methylate as a catalyst in applications such as cooking oil, grease and synthetic detergents complements market growth. In addition, as the production of biodiesel used as a catalyst grows steadily, the market is expected to be towed. However, high raw material costs are expected to hamper market growth.
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The major players operating in the global market have adopted key strategies such as mergers, acquisitions, collaborations, and partnerships to strengthen their market outreach and sustain the stiff competition in the market.
Key Market Players
• BASF SE
• Evonik Industries
• E. I. du Pont de Nemours and Company
• Anhui Jinbang Medicine Chemical Co. Ltd.
• Zibo Xusheng Chemical Co. Ltd.
• Dezhou Longteng Chemical Co. Ltd.
• Inner Mongolia Lantai Industrial Co. Ltd.
• Supra Group of Companies
The global sodium methoxide market is segmented based on type, application, and geography. Based on type, the market is divided into solid, and liquid/solution. Based on application, the market is categorized into pharmaceuticals, agrochemicals, plastics & polymers, personal care, analytical reagent, biodiesel, and others. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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• This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023 to assist in identifying the prevailing market opportunities.
• The major countries in each region have been mapped based on their market revenues.
• This study evaluates the competitive landscape to understand the competitive environment across geographies.
• An in-depth analysis of each segment of the global sodium methoxide market is provided in the report.
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