Market Overview:
The global sodium methylate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. Sodium methylate is an inorganic compound with the chemical formula NaOCH3. It is a colorless solid that dissolves in water and ethanol. Sodium methylate finds application in pharmaceuticals, agrochemicals, plastics and polymers, personal care, analytical reagent, biodiesel and others industries. The growth of these end-use industries is expected to drive the demand for sodium methylate during the forecast period.
Product Definition:
Sodium methylate is a compound with the formula NaOCH3. It is the sodium salt of methyl alcohol. It is a colorless, water-soluble solid that is used in organic synthesis and as an industrial solvent.
Solid Sodium Methylate:
Sodium methylate is a chemical compound, which is primarily used as an industrial solvent. It's major applications include production of paints, coatings, varnishes & inks and printing inks. Sodium methylate also acts as a precursor to polystyrene and acrylonitrile butadiene styrene (ABS).
The global sodium methylate market was valued at USD 856 million in 2016.
Liquid Sodium Methylate:
Liquid sodium methylate is a colorless and hygroscopic liquid with a strong odor. It is usually stored in steel or plastic drums and sold in quantities of up to 1,500 L. The liquid can also be stored in 500-L plastic pails, which are commonly used for household applications such as paint stripping and wood treating.
Application Insights:
The demand for sodium methylate is expected to witness growth in the agrochemicals, plastics and polymers, personal care, pharmaceuticals and analytical reagents sectors. The rising population coupled with increasing disposable income has led to an increase in demand for food crops which requires agrochemicals. This factor is anticipated to fuel the sodium methylate market over the forecast period.
In terms of revenue as well as volume%, the plastic and polymer application segment accounted for a share of 22% each in 2017 owing to high product usage across various grades of polyethylene used in manufacturing flexible packaging products such as clamshells, bottles etc.
Regional Analysis:
Asia Pacific sodium methylate market is expected to grow at the fastest rate over the forecast period. The growth of this region is mainly driven by China and India. In 2017, China accounted for a share of more than 30% in global sodium methylate consumption owing to high product demand from various end-use industries such as agrochemicals, pharmaceuticals, plastics and polymers, personal care products among others.
China’s rapid urbanization coupled with increasing per capita disposable income has resulted in strong growth for key industry participants operating within the country thus leading to an increased demand for Sodium Methylate globally.
Europe was one of the largest consumers of sodium methylate owing to its large production base located in Germany along with other European countries such as France.
Growth Factors:
- Increasing demand from end-use industries such as textiles, detergents, and soaps
- Growing awareness about the benefits of using sodium methylate over other substitutes
- Rising investments by key players in research and development to develop new applications for sodium methylate
- Expansion of production capacities by key manufacturers to cater to the growing demand
- Growing popularity of green chemistry which is expected to drive the adoption of sodium methylate in various end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Sodium Methylate Market Research Report
By Type
Solid Sodium Methylate, Liquid Sodium Methylate
By Application
Pharmaceutical, Agrochemicals, Plastics and Polymers, Personal Care, Analytical Reagent, Biodiesel, Others
By Companies
BASF, Evonik Industries, DowDuPont, Anhui Jinbang Medicine Chemical, Zibo Xusheng Chemical, Dezhou Longteng Chemical, Inner Mongolia Lantai Industrial, BASF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Sodium Methylate Market Report Segments:
The global Sodium Methylate market is segmented on the basis of:
Types
Solid Sodium Methylate, Liquid Sodium Methylate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Agrochemicals, Plastics and Polymers, Personal Care, Analytical Reagent, Biodiesel, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Evonik Industries
- DowDuPont
- Anhui Jinbang Medicine Chemical
- Zibo Xusheng Chemical
- Dezhou Longteng Chemical
- Inner Mongolia Lantai Industrial
- BASF
Highlights of The Sodium Methylate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solid Sodium Methylate
- Liquid Sodium Methylate
- By Application:
- Pharmaceutical
- Agrochemicals
- Plastics and Polymers
- Personal Care
- Analytical Reagent
- Biodiesel
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sodium Methylate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sodium methylate is a chemical compound with the formula NaCH3COOH. It is a white solid that is soluble in water and alcohol. Sodium methylate is used as an agricultural pesticide and to make plastics.
Some of the major companies in the sodium methylate market are BASF, Evonik Industries, DowDuPont, Anhui Jinbang Medicine Chemical, Zibo Xusheng Chemical, Dezhou Longteng Chemical, Inner Mongolia Lantai Industrial, BASF.
The sodium methylate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sodium Methylate Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Sodium Methylate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Sodium Methylate Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Sodium Methylate Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Sodium Methylate Market Size & Forecast, 2020-2028 4.5.1 Sodium Methylate Market Size and Y-o-Y Growth 4.5.2 Sodium Methylate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Solid Sodium Methylate
5.2.2 Liquid Sodium Methylate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmaceutical
6.2.2 Agrochemicals
6.2.3 Plastics and Polymers
6.2.4 Personal Care
6.2.5 Analytical Reagent
6.2.6 Biodiesel
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sodium Methylate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sodium Methylate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Solid Sodium Methylate
9.6.2 Liquid Sodium Methylate
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmaceutical
9.10.2 Agrochemicals
9.10.3 Plastics and Polymers
9.10.4 Personal Care
9.10.5 Analytical Reagent
9.10.6 Biodiesel
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Solid Sodium Methylate
10.6.2 Liquid Sodium Methylate
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmaceutical
10.10.2 Agrochemicals
10.10.3 Plastics and Polymers
10.10.4 Personal Care
10.10.5 Analytical Reagent
10.10.6 Biodiesel
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Solid Sodium Methylate
11.6.2 Liquid Sodium Methylate
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmaceutical
11.10.2 Agrochemicals
11.10.3 Plastics and Polymers
11.10.4 Personal Care
11.10.5 Analytical Reagent
11.10.6 Biodiesel
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Solid Sodium Methylate
12.6.2 Liquid Sodium Methylate
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmaceutical
12.10.2 Agrochemicals
12.10.3 Plastics and Polymers
12.10.4 Personal Care
12.10.5 Analytical Reagent
12.10.6 Biodiesel
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Solid Sodium Methylate
13.6.2 Liquid Sodium Methylate
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmaceutical
13.10.2 Agrochemicals
13.10.3 Plastics and Polymers
13.10.4 Personal Care
13.10.5 Analytical Reagent
13.10.6 Biodiesel
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sodium Methylate Market: Competitive Dashboard
14.2 Global Sodium Methylate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Evonik Industries
14.3.3 DowDuPont
14.3.4 Anhui Jinbang Medicine Chemical
14.3.5 Zibo Xusheng Chemical
14.3.6 Dezhou Longteng Chemical
14.3.7 Inner Mongolia Lantai Industrial
14.3.8 BASF