Sodium Molybdate Market, by Product Type (Crystal and Solution), by Application (Water treatment, Fertilizer, Pigments & Dye, and Corrosion inhibition), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Sodium molybdate (Na2MO4) or disodium dioxide molybdenum is a chemical compound with a molecular weight of 241.95 g/mol. It is extensively used as a corrosion inhibitor for water treatment in industrial applications, as a nutritional supplement in the food industry, and in fertilizer applications.

It is used for nitrogen fixation in order to support healthy growth of leguminous plants such as peas, clover, and lucerne. Sodium molybdate is used as an effective additive in the production of sodium chlorate to minimize environmental impact without hampering efficiency.

Market Outlook

  • Growing industrialization is leading to the discharge of wastewater and harmful chemicals in the ecosystem. Stringent government regulations associated with the environmental safety and water disposal is increasing adoption of chemical and water treatment solutions.
  • According to United Nations Industrial Development Organization’s (UNIDO) report published in 2017, global Manufacturing Value Added (MVA) was valued at US$ 11.9 trillion in 2015, and is anticipated to increase further in near future. Furthermore, emerging economies such as China and India recorded the fastest growth with India shifting from 14th position in 2005 to 6th position in 2015, in the ranking of world’s largest manufacturing industry. Expanding manufacturing production is creating higher demand for water treatment solutions. Subsequently, increasing the demand for sodium molybdate in near future.
  • The increasing cost of raw material and toxicity of sodium molybdate is predicted to hamper the market growth. However, rising demand for high-performance pigments & dyes from infrastructure and textile industry coupled with increasing awareness towards healthy and dietary supplement are major drivers for the market growth. Sodium molybdate is found in dietary supplements and is a good source of molybdenum. Escalating applications of sodium molybdate in various applications such as seed and water treatment is projected to upsurge the demand from end-use industries.

Sodium Molybdate Market - Key Players

Key players operating in the sodium molybdate market include Sisco Research Laboratories Pvt. Ltd., Redox Pty Ltd, Merck KGaA, The Chem-Met Company, and Nippon Inorganic Colour & Chemical CO., Ltd.

Sodium Molybdate Market Taxonomy

On the basis of product type, the global sodium molybdate market is segmented into:

  • Crystal
  • Solution

On the basis of application, the global sodium molybdate market is segmented into:

  • Water treatment
  • Fertilizer
  • Pigments & dye
  • Corrosion inhibition

On the basis of region, the global sodium molybdate market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • North Africa
    • Central Africa
    • South Africa

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
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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.

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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:

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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:

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  • 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

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