Sodium Metal Market 2017–2027

Sodium is a chemical compound with symbol Na and is soft, silvery alkali metals which belong to group 1. Sodium metal is produced from electrolysis process of fused caustic soda with little carbon and iron. Sodium metal is used as a coolant in a nuclear reactor and also has a wide range of applications across metal, chemical, paper, petroleum, soap, glass, and textile industries. Moreover, sodium metal is also used as a heat transfer fluid in high-temperature pipes. Furthermore, baking soda, ordinary table salt, soaps, and detergents, baking powder and aspirin are some of the sodium products. Moreover, sodium metal is also used to make artificial rubber.

The global sodium metal market is projected to reach around US$ 400.3 million by the end of 2027, in terms of revenue, growing at CAGR of 4% during the forecast period (2019-2027).

Drivers

Growing demand for sodium metal for the production of indigo dye which is further used in the dyeing of cotton yarn is expected to foster the market growth of sodium metal. Sodium metal is a key ingredient used in the production of indigo dye. Hence, growing textile industry, growing demand for denim product and rising per capita income of the developed economies is expected to foster the market growth of sodium metal over the forecast timeframe.

The growing production of biodiesel is projected to augment the market growth of sodium metal. Sodium methylate is one of the key ingredient which is widely used as catalysts for the large-scale production of biodiesel. Sodium methylate is produced, by using sodium metal or sodium hydroxide which is further reacted with methanol to extract sodium methoxide (sodium methylate). Therefore, the rising production of biodiesel is expected to foster the market growth of sodium metal. 

On basis of the region, Asia Pacific dominated the global sodium metal market in 2018, accounting for 53% share in terms of volume, followed by North America and Europe, respectively.

Figure 1. Global Sodium Metal Market, Revenue Share (%), By Region, 2018

Sodium Metal  | Coherent Market Insights

Market Restraints

Sodium metal is a highly reactive compound and combusts spontaneously when it gets exposed to water to air which is expected to restrict the market growth. Sodium metal is difficult to store and transport and only a few companies are engaged in the production of sodium metals. Hence, this factor is expected to hinder the market growth of sodium metal over the forecast period.

Increasing usage of alternative sodium metal such as magnesium which is used as a reductant in the production of titanium is expected to hamper the market growth to some extent. Major companies are using the alternative of sodium metal because of its hazardous nature and difficulties. Hence, the availability of alternative sodium metal is expected to hamper market growth.

Market Opportunities

The growing pharmaceutical industry where sodium metal is used to produce drugs such as aspirin and other drug products is also expected to augment the market growth of sodium metal. According to the India Brand Equity Foundation, the Indian pharmaceutical industry is expected to expand at a CAGR of 22.4% over 2015–20 to reach US$ 55 billion. India’s pharmaceutical exports stood at US$ 17.27 billion in FY18 and have reached US$ 19.14 billion in FY19.

The growing glass industry is another major factor that is projected to propel the market growth of sodium metal. Sodium metal is widely used in the production of glass. According to Alliance Europe, in 2018, the EU-28 glass production reached a volume of 36.5 million tons, a slight increase of 0.2% compared with 2017. Therefore, growing production of glass is expected to augment the market growth.

Figure 2. Global Sodium Metal Market– Opportunity Analysis

Sodium Metal  | Coherent Market Insights

Market Trends

Growing demand for rubber products and sodium metal is used in the production of rubber is expected to accelerate the market growth over the forecast period. Moreover, the growing consumption of sodium metal for producing various sodium compounds across the various end-user industry is further expected to foster market growth.

Key players are investing in order to strengthen their share in the market and to cater to the rising demand for sodium metal, especially from countries such as China and the U.S. is expected to accelerate the market growth. For instance, in 2016, Inner Mongolia LanTai Industrial Co., Ltd., largest sodium manufacturer with a plant in China, announced its plans for investment in capacity ramp-up for sodium production by nearly 20,000 metric tons in order to meet the demand for sodium from domestic so also from overseas market.

Figure 3. Global Sodium Metal Market, Revenue Share (%), By Application, in 2018

Sodium Metal  | Coherent Market Insights

On the basis of application in 2018, chemical synthesis has accounted the largest market share of 70.8% in terms of value, followed by metal manufacturing & refining and pharmaceutical respectively.

Figure 4. Global Sodium Metal Market– Value Chain Analysis

Sodium Metal  | Coherent Market Insights

Competitive Section:

Key players operating in global sodium metal maket Inner Mongolia LanTai Industrial Co., Ltd, Wanji Holdings Group Limited Ltd, MSSA S.A.S., Shandong Moris Tech Co., Ltd., and American Elements.

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

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Sodium Metal Market,  By Application, 2017 - 2027 (US$ Million and Metric Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Chemical Synthesis
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million and Metric Tons)
        • Dyes
        • Sodium Compounds
        • Chemical Intermediates
    • Metal Manufacturing & Refining
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million and Metric Tons)
    • Pharmaceutical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million and Metric Tons)
    • Others (Nuclear, Rubber, and Batteries)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million and Metric Tons)
  5. Global Sodium Metal Market,  By Region, 2017- 2027 (US$ Million and Metric Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Nordic
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Benelux
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • North Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Metric Tons)
  6. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Inner Mongolia LanTai Industrial Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Wanji Holdings Group Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • MSSA S.A.S.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Shandong Moris Tech Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • American Elements
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Sodium Metal Market” – global forecast to 2027

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users