Sodium is a chemical element with a symbol Na and atomic number 11. Sodium is a soft and silvery-white metal that belongs to the alkali group of metals and is kept in oil as it is extremely reactive. Moreover, sodium metal is used in production of dye, pharmaceutical drugs and chemicals.
Market Dynamics
The global sodium metal market has witnessed significant growth in recent past years, owing to the rising production of biodiesel across the world. For instance, according to the U.S Environmental Protection Agency (EPA), in 2019, the production of biodiesel is estimated to be 2.8 billion gallons and increased as compared to previous years. Based on applications, the global sodium metal market is bifurcated in chemical synthesis, metal manufacturing & refining, pharmaceutical, and others. The chemical synthesis segment dominated the global sodium metal market in 2018, owing to the increasing use of sodium metal in the dye for denim clothes. This factor is estimated to foster market growth during the forecast timeframe.
Moreover, the pharmaceutical segment of the global sodium metal market applications is expected to fuel the demand for sodium metal, owing to the use of sodium metal in the pharmaceutical industry to produce drugs such as aspirin, and other drug products. For instance, according to India Brand Equity Foundation (IBEF), in 2018, India’s domestic pharmaceutical market has reached US$ 18.12 billion as compared to the previous year. Moreover, the growing glass industry is another major factor that is projected to propel the market growth of sodium metal, owing to demand of sodium metal in the production of glass. These factors are estimated to be the growth factor of the global sodium metal market in the coming years.
Furthermore, the Asia Pacific region dominated the global sodium metal market in 2018, owing to the growing use of sodium metal in various applications such as dyeing, pharmaceutical, metallurgical, and chemical end-use industries from this region. According to the India Brand Equity Foundation (IBEF), the chemical industry in India is expected to grow at 9% per annum to reach US$ 304 billion by 2025. As a result, this scenario is estimated to foster the growth of the global sodium metal market during the forecast timeframe.
Key features of the study:
- This report provides in-depth analysis of the global sodium metal market, market size (US$ Million and Metric Tons), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2019–2027).
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, fitness equipment products, regional outlook, and competitive strategy adopted by the leading players.
- Key companies covered as a part of this study includes Inner Mongolia LanTai Industrial Co., Ltd, Wanji Holdings Group Limited, MSSA S.A.S., Shandong Moris Tech Co., Ltd., and American Elements.
- It profiles leading players in the global sodium metal market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.
- The global sodium metal market report caters to various stakeholders in this industry, including investors, product developers, distributors, sodium metal companies, research institutes, new entrants, and financial analysts.
- Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the global sodium metal market.
Market Taxonomy
- Global Sodium Metal Market, By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Global Sodium Metal Market, By Geography:
- North America
- U.S.
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Canada
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Europe
- U.K.
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Germany
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Italy
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- France
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Spain
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Nordic
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Benelux
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Russia
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Poland
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Rest of Europe
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Asia Pacific
- China
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- India
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Japan
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- ASEAN
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- South Korea
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Rest of Asia Pacific
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Latin America
- Brazil
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Mexico
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Rest of Latin America
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Middle East & Africa
- GCC
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- South Africa
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Rest of Middle East & Africa
- By Application:
- Chemical Synthesis
- Dyes
- Sodium Compounds
- Chemical intermediates
- Metal Manufacturing & Refining
- Pharmaceutical
- Others (Nuclear, Rubber, and Batteries)
- Company Profiles
- Inner Mongolia LanTai Industrial Co., Ltd *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Wanji Holdings Group Limited Ltd
- MSSA S.A.S.
- Shandong Moris Tech Co., Ltd.
- American Elements.
“*” marked represents similar segmentation in other categories in the respective section
