Market Overview

Global Sodium Methylate Market was valued at USD 354.7 Million in 2018 and is projected to grow at a CAGR of around 4% during the forecast period. Sodium methylate is produced using methanol. It is commercially available in two forms—solid and liquid. The solid or powdered form is pure sodium methylate and is primarily used in the pharmaceutical and agrochemical industries. The liquid form is used in the production of biodiesel, where it is used as a catalyst.
The growing use of sodium methylates in the production of biodiesel for the automotive and many other industries is a major driving factor in the growth of the global sodium methylate market. Besides, the widespread use of sodium methylate in the pharmaceutical industry, coupled with the healthy growth of the pharmaceutical industry across the globe, is expected to fuel the global market growth.
However, the volatility in the prices of methanol, which is the key raw material for the product, is likely to restrain the growth of the global sodium methylate market during the forecast period.
Nevertheless, the projected rise in the demand for sodium methylate in the emerging economies of Asia-Pacific and Latin America, such as India, China, Thailand, Malaysia, Indonesia, Brazil, and Argentina, is expected to create lucrative growth opportunities for the producers of sodium methylate in the near future.
Market Dynamics
Sodium methylate is a versatile chemical reagent and a catalyst of choice for most of the biodiesel producers. The significant advantage offered by sodium methylate is the virtually water-free character of the catalyst solution. This leads to high yield, low purification cost, and offers consistent biodiesel quality. Moreover, the need for de-carbonizing the emissions in the transportation industry, the Paris climate change objectives, and growing awareness of global warming are factors driving the demand for biofuels. The growth of the automotive industry in Asia-Pacific and Latin America is expected to support the demand for biodiesel and, consequently, drive the market growth.

Segmentation
The Global Sodium Methylate Market has been segmented by Type, Application, and Region.
Based on Type, the global market has been divided into solid and liquid. The liquid segment held a larger market share in 2018 and is expected to register the highest CAGR of over 4% during the forecast period, 2019–2025.
By Application, the global market has been segmented into pharmaceuticals, agrochemicals, plastics & polymers, personal care, analytical reagent, biodiesel, and others. The pharmaceuticals segment held the largest market share of over 35% in 2018 and is expected to register a significant CAGR during the review period.

Regional Analysis

Global Sodium Methylate Market has been divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East com & Africa.
Asia-Pacific dominated the global sodium methylate market in 2018. Countries such as China, India, and Japan are witnessing increasing demand for sodium methylate from various industrial verticals on account of the rapid industrialization rate and growing per-capita income in these countries. The regional market is likely to register a CAGR of over 4.3% during the forecast period.
North America held the second-largest market share of the global sodium methylate market in the year 2018. The regional market was valued at USD 84.0 million in 2018. The US held a larger market share of the regional market and is expected to register a higher CAGR during the review period.

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Key Players

Some of the key players operating in the Global Sodium Methylate Market are Evonik Industries AG (Germany), BASF SE (Germany), New Heaven Chemicals INC Iowa LLC (US), Zhengzhou Saihang Chemical Technology Co. Ltd (China), ANHUI JINBANG MEDICINE CHEMICAL CO., LTD (China), Inner Mongolia Lantai Industrial Co., Ltd (China), Shandong Xisace New Materials Technology Co. Ltd (China), Supra Group of Companies (India), Envirocat (France), Shandong Daze Chemical Group (China), American Elements (US), and LIAN Chemical Development Co. (Iran).


Market Segmentation

Global Sodium Methylate Market, by Type
• Solid
• Liquid
Global Sodium Methylate Market, by Application
• Pharmaceuticals
• Agrochemicals
• Plastics & Polymers
• Personal Care
• Analytical Reagent
• Biodiesel
• Others
Global Sodium Methylate Market, By Region
• North America
o US
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Netherlands
o Poland
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Indonesia
o Australia & New Zealand
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o Turkey
o South Africa
o Rest of the Middle East & Africa
Available Additional Customizations
• Pricing Analysis, by Region
• Production Capacity Analysis, by Manufacturers
• Competitive Benchmarking
Intended Audience
• Sodium Methylate manufacturers
• Suppliers and traders
• Government associations and industrial bodies
• Investors and trade experts
• Consulting in chemical experts

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