Press release
Sodium Metal Market to Amass Revenues More Than 127,400 MT by 2024
Global consumption of sodium metal will grow at a sluggish CAGR of 3.3% through 2024, according to Persistence Market Research’s report entitled, “Sodium Metal Market: Global Industry Analysis and Forecast, 2016 - 2024.” In 2016, over 98,400 MT sodium metal was consumed globally, and it is estimated to surpass 127,400 MT by 2024.
The sluggish demand for sodium metal is attributed to hazardous effects of highly reactive sodium element. Challenges with handling and storage of sodium metal will continue to negatively impact the growth of the market. Further, limited availability of sodium metal on account of fewer players has resulted into introduction and use of alternatives, such as magnesium for use in industrial applications.
View and Download TOC of Sodium Metal Market Research Report@ https://www.persistencemarketresearch.com/market-research/sodium-metal-market/toc
In terms of volume, chemical synthesis application of sodium metal held 70.4% share of the market in 2016; by 2024, this is expected to reach nearly 72%. Sodium metal is also used in the production of dyes, and it is projected that this application segment will grow at 4.7% CAGR in terms of volume through 2024. The weakness in demand will be offset to a certain extent by applications in chemical synthesis and textile industry.
Request and Download Sample Report@ https://www.persistencemarketresearch.com/samples/14854
APAC is projected to be the most lucrative region for the global sodium metal market followed by North America and Europe. Asia Pacific forms a hub for textile industries owing to the ever-growing population and demand for a wide range of textiles, resulting in steady demand for sodium metal.
Over 53,690 MT of sodium metal was consumed in APAC in 2016. The North America sodium metal market was around US$ 60 Mn in 2016, and it is expected to reach around US$ 80 Mn by 2024. Consumption of sodium metal in Europe, pegged at over 19,700 MT in 2016, is expected to surpass 24,200 MT by 2024.
Buy Full Sodium Metal Market Report@ https://www.persistencemarketresearch.com/checkout/14854
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sodium Metal Market to Amass Revenues More Than 127,400 MT by 2024 here
News-ID: 739016 • Views: …
More Releases from Persistence Market Research Pvt.Ltd
Global Food Fiber Market is forecast to expand at a CAGR of 5.7% from 2017 to 20 …
Some of the prominent players operating in the global food fiber market are J. RETTENMAIER & SÖHNE GmbH, Co KG, Kerry Group, Grain Processing Corporation, Nexira, SunOpta, Inc., Ingredion Roquette Frères S.A., Archer-Daniels-Midland Company, Tate & Lyle plc, and Cargill, Inc., notes Persistence Market Research (PMR). Several of these players are investing on advanced fiber fortification technologies for developing innovative formulations that have a variety of functional health benefits, in…
In Vitro Protein Expression Market Accounting for US$ 250 Mn in 2025
Persistence Market Research has come up with an analytical research publication titled “In Vitro Protein Expression Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025).” The comprehensive in vitro protein expression market research report focuses on various trends, developments, opportunities, restraints, drivers and challenges impacting the growth of the global in vitro protein expression market. These factors vary in magnitude in different regions for which a detailed analysis is covered in…
Tert-Amyl Methyl Ether Market Estimated to Experience a Hike in Growth by 2025
Introduction
Ether compounds such as MTBE, ETBE, TAEE and TAME are used in fuel especially in gasoline in order to improve the combustion properties of fuels. Among these compounds, Tert-Amyl Methyl Ether used as oxygenated additive for the gasoline. Tert-Amyl Methyl Ether, formula (CH3)3 CH2COCH3, is an organic compound, used in fuel to improve its octane number. TAME is generally produced through the catalytic reaction between methanol (MeOH) and the 2-methyl-2-butene…
Radar Simulator Market Significant Profits Estimated to be Generated by 2025
Radar simulator market is on upward scale, owing to increase in adaptation of modern technologies for the training purpose in commercial and military aircrafts & ships. Radar simulator is either software solution or combination of both software and hardware. Radar simulators emulate various radars and initiate their working to provide users with an artificial and apt environment for radar training and functional/system testing. The software solutions can be installed in…
More Releases for Sodium
Global Sodium Metasilicate Pentahydrate Market, Global Sodium Metasilicate Penta …
The Sodium Metasilicate Pentahydrate market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Sodium Metasilicate Pentahydrate Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Sodium Metasilicate Pentahydrate market. The report focuses on well-known providers…
Sodium Acetate Trihydrate and Sodium Acetate Anhydrous Market Current Trends and …
An uptick in the demand for sodium acetate trihydrate and sodium acetate anhydrous market will lead to moderately healthy growth in both these markets to 2020, says a latest study published by Transparency Market Research. The report, “Sodium Acetate Trihydrate and Sodium Acetate Anhydrous Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014-2020,” is composed of sharp insights and an array of informative tables and charts. The…
Sodium Hyaluronate Market
Sodium Hyaluronate is a polysaccharide of linear and repeating structural units. It is the sodium salt of the hyaluronic acid which is a glycosaminoglycan found in various connective tissues of humans. It is a hyaluronic acid derivative and works by growing the efficiency of the fluid inside the knee joint and performs as a lubricant and shock absorber.
View complete report: https://www.futuremarketinsights.com/reports/sample/rep-gb-4741
Global Sodium Hyaluronate Market: Drivers and Restraints
The major factor…
Sodium Acetate Trihydrate and Sodium Acetate Anhydrous Market Latest Trends, Dem …
An uptick in the demand for sodium acetate trihydrate and sodium acetate anhydrous market will lead to moderately healthy growth in both these markets to 2020, says a latest study published by Transparency Market Research. The report, “Sodium Acetate Trihydrate and Sodium Acetate Anhydrous Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014-2020,” is composed of sharp insights and an array of informative tables and charts. The…
Sodium Acetate Trihydrate and Sodium Acetate Anhydrous Market Plan, Supply and R …
An uptick in the demand for sodium acetate trihydrate and sodium acetate anhydrous market will lead to moderately healthy growth in both these markets to 2020, says a latest study published by Transparency Market Research. The report, “Sodium Acetate Trihydrate and Sodium Acetate Anhydrous Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014-2020,” is composed of sharp insights and an array of informative tables and charts. The report projects the…
Sodium Acetate Trihydrate and Sodium Acetate Anhydrous Growth Prospects, Trends …
An uptick in the demand for sodium acetate trihydrate and sodium acetate anhydrous market will lead to moderately healthy growth in both these markets to 2020, says a latest study published by Transparency Market Research. The report, “Sodium Acetate Trihydrate and Sodium Acetate Anhydrous Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014-2020,” is composed of sharp insights and an array of informative tables and charts.
View…
