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

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