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Demand For Sodium Ethylate Market Increases Globally With The Increase In Awareness Of Pesticides
Sodium Ethylate Market: IntroductionThe global sodium ethylate market is expected to witness lucrative growth in the coming future due to its extensive use in pharmaceutical applications. Sodium ethylate, also known as sodium ethoxide, is a white-to-yellowish hygroscopic powder that dissolves in a polar solvent, such as methanol and ethanol. It is majorly used as a strong base in organic synthesis.
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Sodium ethylate decomposes and turns black on exposure to air and decomposes to sodium hydroxide and ethanol when dissolved in water. The commercial production process of sodium ethylate is mainly composes of alkali and sodium methods, wherein the alkali method is the raw material used is sodium hydroxide, and in the sodium method, the raw material used is sodium metal. Sodium ethylate finds a wide variety of applications in dyes & pigments, pharmaceuticals, pesticide synthesis, paints, varnishes, and detergents. The global sodium ethylate market is expected to witness a growth in line with the GDP in the forecast period.
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Sodium Ethylate Market: Segmentation
The global sodium ethylate market is segmented on the basis of end-use application and region.
Based on end-use application, the global sodium ethylate market is segmented as:
Dye & Pigments
Cosmetics
Pharmaceutical intermediate
Paint & Coating
Detergents
Pesticides synthesis
Others
Pharmaceutical intermediate end-use application accounts for a share of around 40% - 45% in the global sodium ethylate market.
Based on region, the global Sodium ethylate market is segmented as:
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA
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Sodium Ethylate Market: Prominent market stakeholders
Key market stakeholders in the global sodium ethylate market are Zibo Changda Fine Chemical Co., Ltd., Zibo Xusheng Chemical Co., Ltd., Shandong Xisace New Materials Technology Co., Ltd and Yucheng Chuangxing Chemical Co., Ltd., among others. The sodium ethylate market consists of consolidated players with manufacturing facilities concentrated in the East Asia region. However .
The research report presents a comprehensive assessment of the Sodium ethylate market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Sodium ethylate market report provides analysis and information, according to market segments such as geographies, application, and industry.
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Sodium Ethylate Market: Market Dynamics
The key growth driving factor for the sodium ethylate market is its increasing use in pharmaceutical applications. The global pharmaceutical industry is on the rise owing to consumer lifestyles, disposable income of consumers, and rising spending power. This drives the demand for a number of pharmaceutical ingredients, of which sodium ethylate is a part. Sodium ethylate is used in the production of various pharmaceutical products, including phenytoin, acetophenone phenylbutazone, aminopterin, cetazine, pyrimethamine, pirafloxacin, tetracaine hydrochloride, etc.
Further, sodium ethylate application in pesticide synthesis is also one of the key factors for the growth of the sodium ethylate market globally. The global pesticides industry is growing due to the increasing global population, limited availability of land, and raising awareness of the use of pesticides. Hence, with the increase in the global pesticides market, the demand for sodium ethylate increases globally
For More Insights- https://www.einpresswire.com/article/556509410/demand-from-personal-care-cosmetic-products-to-drive-the-growth-of-solid-sericin-in-skincare
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